Shipping & Marine
Vard terminates two shipbuilding contracts for bankrupt clients
It’s looking at reselling the vessels.
Vard terminates two shipbuilding contracts for bankrupt clients
It’s looking at reselling the vessels.
Yanzijiang unlikely to rescue cash-strapped shipbuilder
It plans to exit the offshore market.
Triyards bags deals worth over $138m
For two MPSVs and a turret fabrication job.
Swissco Holdings names Mark Steven Gibson as group COO
The board has considered his consideration his extensive knowledge and experience in the offshore oil and gas industries.
Gloomy order outlook hounds Vard amid shake-ups in major markets
Privatisation is not yet likely.
Yangzijiang's net profit up 13% to $753.9m in FY14
On back of healthy shipbuilding margins.
Vallianz’s 2014 net profit doubled to $27.67m
Mainly fuelled by a surge in revenue.
Here’s what analysts have to say about NOL’s $1.6b APL logistics sale
Expect NOL’s stock to rally this week.
Loss-making NOL sells APL Logistics for $1.6b
In a bid to boost its balance sheet.
COSCO subsisting on bank loans after six straight years of negative cash flows
How much longer will this lifeline last?
COSCO’s net profit sank 32% to $20.9m in FY14
It was hit with a $13.2m loss in Q4.
What’s next for NOL after three straight loss-making years?
The firm is bracing for more headwinds ahead.
Neptune Orient Lines’ losses jumped 241% to $352m in FY14
This is its third consecutive year of losses.
Sembcorp in talks with Sete Brasil over delayed payments
The latter now owes around $70-80m.
Nam Cheong FY14 profits surge 56% YoY
As vessels delivered leaped 20%.
MPA revokes licenses of dubious bunker companies
There were wrongful declarations in the records.
Cosco bags two contracts worth $216.3m
From two European customers.
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