December 17, 2009

Seoul: Hyundai Merchant Marine announced yesterday it has won a 870bn won (US$745m) contract from compatriot steel mill, POSCO. In a regulatory filing, the ... [full story]

Shanghai: The northern Chinese shipbuilder China Shipbuilding Industry Co made a quiet launch on the Shanghai stock exchange yesterday, reflecting the depressed state of the ... [full story]

Tokyo: Chevron Corp said it signed a binding, 25-year sales agreement with Japanese utility Chubu Electric Power Co for annual supplies of 1.44 million metric ... [full story]

Seoul: North Korean leader Kim Jong-il has visited Rason, a northern port city that the country is developing into a trade hub, where he gave ... [full story]

Singapore: Maersk and 13 other container carriers plan to levy an “emergency revenue charge” on the transpacific next year to pare losses. Members of ... [full story]

Beijing: 2010 negotiations between China and the big three iron ore miners are set to be among the most contentious yet. Set against a backdrop ... [full story]

New York: P&I insurer the American Club reports that its entries from Asia continue to show 'energetic growth', particularly those from China where the club’s ... [full story]