Notice of Business Commencement of Ocean Network Express

April 03, 2018

Ocean Network Express Pte. Ltd. (hereinafter referred to as “ONE”) is pleased to announce the commencement of container shipping businesses on Apr 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL), and Nippon Yusen Kabushiki Kaisha (NYK). The company seeks to meet customers’ needs by providing high-quality, competitive container shipping services with the consolidation and enhancement of the three companies’ global network and service structures.…See Details...

Sinokor, Heung-A to Unify Liner Shipping Services in Asia

April 02, 2018

South Korea’s mid-sized liners Sinokor Merchant Marine Co. and Heung-A Shipping Co. agreed to merge their container shipping services by next year to rationalize operations ahead of joining up with bigger Hyundai Merchant Marine. The two companies would sign the deal on April 3, according to the Ministry of Oceans and Fisheries and the Korea Shipowners’ Association on Wednesday. The Korea Shipping Partnership (KSP), an alliance of 14 liner operators, was launched last August under state sponsorship to restore Korea’s maritime status following the collapse of Hanjin Shipping, which had been Korea’s flag sea carrier and the world’s seventh largest shipping line…See Details...

Hapag-Lloyd Triples its Operating Result in 2017

March 30, 2018

The German-based container shipping company also recorded a positive group net result of around $39 million (€32 million). Based on the audited figures, earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly to $1.3 billion (EUR 1.055 billion) (2016: $748 million (€607 million)). Transport volume increased significantly by 29% to 9.8 million TEU (2016: 7.6 million TEU), driven by the merger with United Arab Shipping Company (UASC) and a healthy underlying organic volum…See Details...

SeaBird Exploration: Source Work in Asia Pacific region

March 29, 2018

SeaBird Exploration is pleased to announce that it has signed an agreement to provide a source vessel for an upcoming undershoot project in the Asia Pacific region. The project is anticipated to commence during Q2 and will have a duration of approximately one month. SeaBird will be using the Voyager Explorer for the project.…See Details...