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  • August 23, 2014
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  1. News - World - SHIPPING

    Was North Korean rustbucket stuck on Mexico reef sent to smuggle Cuba arms?

    Posted Jul 16th 2014, 09:43pm by NYT

    ... agent, Ocean Maritime Management Company. UN experts who investigated the Chong Chon Gang incident said that company "played a key role in arranging the shipment of the concealed cargo ...

  2. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

    Posted Jun 21st 2014, 12:53am by BLOOM

    ... Kong-based company's director of trades. Existing customers usually contacted their account managers directly, Ng said, adding that because companies develop their own approaches, it might ...

  3. News - World - SHIPPING

    Experts warn that the global shipping industry is vulnerable to cyber-attack

    Posted Apr 24th 2014, 10:03pm by Reuters

    ... Schloesser, one of the authors of the study. Mark Gazit, chief executive of ThetaRay, an internet security company, said an attacker managed to tilt a floating oil rig off the coast of Africa, forcing ...

  4. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

    Posted Mar 07th 2014, 11:48am by Charlotte So

    ... into ship management in the next three to five years. The firm has set up a training school in Qingdao, Shandong province, to train up to 100 crews per year. As a board member of the Maritime ...

  5. Business - Companies - SHIPPING

    Pacific Basin sails into black on dry bulk turnaround

    Posted Feb 28th 2014, 01:10am by Charlotte So

    ... Basin Shipping, the largest operator of Handysize vessels, posted a turnaround in 2013 due to lower impairment losses on its vessels, and management says a cyclical upswing in the volatile dry ... profit fell 34 per cent in the year to US$26.1 million. Pacific management predicted that lower commodity prices compared with domestic production will shore up the import of mining products ...

  6. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... eventually owning the vessels. About US$5 billion in shipping loans has changed hands in the past year, according to estimates by AMA Capital Partners, a New York-based fund manager and adviser. ... resisted: take over vessels themselves. If I was still managing a portfolio … I’d be unloading like mad RANDEE DAY, SHIPPING CONSULTANT "The markets are flush with liquidity in terms ...

  7. Business - Economy - SHIPPING

    Maritime bureau aims to shore up Hong Kong's role as shipping hub

    Posted Feb 17th 2014, 04:47am by Charlotte So

    ... as a maritime hub over the past few years. The new maritime bureau is expected to include port development but the priority will be on promoting shipping services, such as ship management as well ... and ease of operations in the city state, a ship manager said. "In Singapore, if you talk to the Maritime Port Authority, they will coordinate everything you need in various departments, [be ...

  8. Business - Companies - SHIPPING

    Shipping industry set to emerge from five-year downturn

    Posted Feb 08th 2014, 05:12am by Reuters

    ... prices for new tonnage at the peak of the market would still only break even this year, said Jayendu Krishna, senior manager at shipping consultancy Drewry Maritime Research. Buyers who paid up ...

  9. News - World - SHIPPING

    Panama Canal expansion works halted over costs dispute

    Posted Feb 06th 2014, 09:29pm by AP

    ... An agreement "is now no longer possible", Quijano said, adding that the consortium had ordered its employees to stop work. Other foreign contractors and project managers had expressed ...

  10. Business - Companies - SHIPPING

    Increased freight rates start year on high note for container shipping lines

    Posted Jan 07th 2014, 11:14am by Charlotte So

    ... but they are now at a level that marginally covers our costs,” said Huang Xiaowen, managing director of China Shipping Container Lines. The freight rates seem to have increased very rapidly on the European ...




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