HHI’s plan to spin-off unit draws flak from labour union

Troubled Hyundai Heavy Industries (HHI) is seeking to spin-off a business unit as part of its self-rescue plan, ...

Telecoms group to acquire Sumatec's shipping unit

There are apparently still companies prepared to invest in the shipping sector, with R&A Telecommunication Group, ...

CSIC to launch leasing unit next year

China Shipbuilding Industry Corporation (CSIC), the northern Chinese state-run shipbuilding conglomerate, will launch...

Malaysian auto logistics firm PKT in JV with Pelindo II unit

Malaysian auto logistics specialist PKT Logistics Group signed a Memorandum of Understanding with Indonesia\'s Pelindo II’s logistic arm Multi-Terminal Indonesia that would lead to the setting up of...

Silk unit picks up $6m vessel services contract

Silk Holdings, through its Jasa Merin unit, has picked up a MYR21.2m ($5.7m) contract from Vestigo Petroleum for the provision of marine vessel services, the company said in a stock market release. ...

Rongsheng's Jiangsu unit continues to bleed for first nine months of 2014

Struggling Chinese shipyard group China Rongsheng Heavy Industries Group continues to be stuck in the mire,...

China Rongsheng Still in Talks to Restructure Unit

China Rongsheng Heavy Industries said Tuesday that it was still in talks with third parties to help with the...