China Rongsheng announces loss of US$1.3bn to equity holders

Paring of shipbuilding contracts leads to revenue reversal of US$725m.

China Rongsheng Heavy Industries reported a loss attributable to equity holders of Yuan7.8bn (US$1.3bn) for2014, compared with a Yuan8.7bn loss in 2013, as its shipbuilding exit saga and liquidity...

China Merchants Holdings profits from ports rises 10%

Recent terminal stake acquisitions boost volumes and profits.

Junichiro Ikeda is named president of MOL

Koichi Muto is elevated to chairman.

Hamburg Süd finalises CCNI takeover deal

Brand name to be retained in routes to and from west coast of South America.

Faulty kit scalds engineer’s face 

Injured seafarer on LNG tanker evacuated by helicopter and hospitalised.

COMPETITION POLICY REVIEW: Cheers and boos for Harper liner shipping findings

Competition watchdog is pleased but shipping peak body says it’s “idealism gone mad”.

COMPETITION POLICY REVIEW: Report recommends end to immunity for liner conferences

If this advice is taken up, the face of box shipping will likely change forever.

MUA hit for $561k

Union found guilty of running an illegal closed shop in cahoots with employer.

Carriers and not lower BAFs to blame for fall in Asia-Europe rates

Drewry attributes latest rate slump to shipping lines' failure to cope with lower utilisation levels.

Containerships returns for two more LNG-powered ships

Move brings total number of gas-powered vessels that shortsea operator has on order to six.