News

Shanghai: Shanghai International Port Group, operator of China’s number one port, saw profits jump 52% in the first half. SIPG said in statement to the ... [full story]

Singapore: Issue 20 of regional e-newspaper, Seatrade Asia Week, has just hit subscribers’ inboxes. Inside are reports from dedicated correspondents from Asian shipping’s hubs . ... [full story]

Shanghai: Shanghai Stock Exchange-listed Nanjing Tanker Corporation saw its net profits skyrocket by 590%YoY to CNY 116 million in the first half of 2010.

Over this ... [full story]

Manila: Listed port operator International Container Terminal Services, Inc. (ICTSI) has increased its stake in a South American port operator, the company said in a ... [full story]

Jakarta: Coordinating Minister for the Economy Hatta Rajasa announced on Thursday that Japan’s Itochu would invest in a $2.2 billion coal-transporting railway and port project ... [full story]

Hong Kong: COSCO International Holdings Ltd, the Hong Kong-listed subsidiary of China's COSCO Group, said that it plans to dispose of all 16.85% stake it ... [full story]

Dubai: Global terminal operator DP World has revealed that net profits after tax from continuing operations went up 10% to $206m for the first six ... [full story]

Dubai: Goltens today confirmed that it has leased a 23,000sq meter plot in Dubai Maritime City in order to develop a ship repair facility. The ... [full story]

Singapore: Keppel Shipyard has a bagged a S$50m modification contract for a floating production storage and offloading unit. The contract is for the modification of FPSO ... [full story]

Shanghai: China Eximbank and Jiangsu Rongsheng Heavy Industries Group signed a landmark strategic cooperation agreement this week which saw the yard gain $7.3bn in credit. ... [full story]