CSCL ekes out US$8.5m in core profits as fuel prices decline

China Shipping giant faces fragile recovery due to ship oversupply and fiercer competition.

China Shipping Container Lines (CSCL) has posted a Yuan52.8m (US$8.5m) net profit excluding one-off items, reversing the Yuan3bn losses in 2013, thanks to a solid reduction in fuel costs.Including...

China Shipping Development returns to the black

Reversal of fortune is due to a rebound in the tanker division and an accounting manoeuvre in 2013.

State shipbuilding conglomerates in top executive swap

Move renews speculation that a reunion between CSSC and CSIC might happen.

Shockwaves at Hapag-Lloyd as CSAV chooses new finance chief

Peter Ganz steps down in favour of Nicolas Burr as new shareholder exercises right to pick executives.

Should container detention charges be referred to the regulator?

When charges are so high against costs, questions must be asked.

Port of Melbourne elaborates fee increases

PoMC clarifies possible increased charges to apply from July.

Six candidates now in running for IMO top job

Six countries have reportedly submitted candidates for the election of a new IMO secretary-general.

Maersk kickstarts new round of orders with feeders for Seago

Danish Line picks Cosco Shipyard to build seven 3600 teu ships for Intra-Europe trades.

Farewell to bulker CSL Pacific

CSL Pacific heads for demolition after working nearly four decades around Australia’s coast.

CIMC container division's profit slumps 30%

Hong Kong-listed company reports rise in container demand but falling prices.