February 05, 2010

Taipei: Taiwanese container giant Evergreen Line has announced a rate restoration on its Northern Europe to USA trades in order to ‘bring freight rates back ... [full story]

Ho Chi Minh city: Nguyen Hung Viet, deputy general director of Viet Nam National Shipping Lines Corporation (Vinalines)said the company aimed to raise its capacity ... [full story]

Seoul: Sweden’s Stena Bulk AB is reported to haves exercised its option for two in-house designed 158,700 dwt Suezmax tankers from Samsung Heavy Industries. The ... [full story]

Vietnam: Mitsubishi Heavy Industries and Bach Dang Shipyard have opened a joint venture ship engine manufacturing plant in Vietnam. The factory in Haiphong will produce 22 ... [full story]

Singapore: Otto Marine has successfully raised S$95m through a share placement as it looks to grow its offshore services division. Investors in the share placement include ... [full story]

Singapore: Keppel Offshore and Marine, Ezra Holdings, EOC Ltd and PetroVietnam Transportation have formed a joint venture to own and operate a floating production and ... [full story]