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China’s State Firms Get Help

China’s domestic technology firms are linking arms with unlikely new partners: struggling state-owned enterprises. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc. are among the Internet companies teaming...

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BW LPG and BW Pacific Fix Seven New Ships

Maritime companies BW LPG Limited and BW Pacific have found work for seven new vessels as the companies signed time charter deals with Japanese shipping company Mitsui & Co. Ltd. Under the...

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HHI Returns to Black in Q1, Ends Losing Streak

South Korean shipbuilding major Hyundai Heavy Industries (HHI) has wrapped up its first profitable quarter after nine quarters of posting losses. According to a regulatory filing, HHI booked an operating profit of...

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Newbuilding Demand Down Everywhere?

Newbuilding activity fell to historically low levels in 2015 and just 77 orders have been reported in the first quarter of 2016. Compared to average annual contract volumes over the...

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VIDEO: Fire aboard Tanker Claims One Life

One crew member is reported missing after a Russia-flagged tanker Palflot-2 caught fire on April 23 in the Caspian Sea, according to the Ministry of Emergency Situations of the Republic of Azerbaijan. The...

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