Trump Adds Tariffs on USD 200 Bn of Chinese Imports

The Trump Administration is to proceed with placing additional tariffs on some USD 200 billion worth of imports ...

Maersk’s Fuel Costs Set to Rise by USD 2 Bn from 2020 Sulphur Cap

The annual fuel bill of Danish shipping giant A.P.Moller Maersk is set to increase by USD 2 billion a year, at...

Report: Ailing Shipbuilder DSME to Get USD 2.4 Bn from Creditors

Creditors of the financially-troubled Daewoo Shipbuilding & Marine Engineering (DSME) plan to financially support this South Korean shipbuilder with KRW 2.8 trillion (USD 2.4 billion), under proviso that the company’s labor union accepts the restructuring

China profit slide

Chinese shipbuilding industry has seen its Q1 profit decreased and increase of economic benefits slowed down, due to troubled shipbuilding market.

CSCL losses swell in first quarter

CSCL deepened its losses by a whopping 894% to Yuan1.45bn ($226m) in the first quarter of 2012, having posted a Yuan146m loss in the same period last year.