August 14 - STX Pan Ocean Co, South Korea's largest commodities-shipping company, has posted a Q2 2013 net loss of USD24.7 million - down from USD84.3 million 12 months ago.
The company reported revenues of USD855.8 million during Q2 2013, down 32 percent year-on-year over the comparable period of 2012. STX Pan Ocean said the decline was primarily a result of lower freight rates from the recession of shipping industries.
Container shipping group MSC, through its subsidiary SAS Shipping Agencies Services Sàrl, has proposed a NOK7.64 billion (USD700 million) takeover of Norwegian ro-ro tonnage provider Gram Car Carriers (GCC).
Ro-ro carrier Wallenius Wilhelmsen and Georgia Ports Authority (GPA) have signed a 20-year terminal agreement consolidating the company’s port and logistics operations at the port of Brunswick.
Grimaldi Shipping Agency Shanghai has inaugurated its new offices in Sinar Mas Plaza.
The Netherlands-headquartered Fusie Engineers and Q3 Heavy Lift have teamed up to design a 140 m x 40 m flat-top barge that is tailored for transporting heavy cargo for offshore wind projects in Taiwan.
Great Lakes Towing Company (GLT) has acquired the Crimson Clover closed-deck barge and subsequently launched a breakbulk/ro-ro service linking Fernandina Beach, Florida and the Caribbean.
ESTA’s SPMT working group is progressing with its plans to establish new stability guidelines. Currently, the group is reviewing a learning outcome that will be used to establish the minimum training requirements for an SPMT operator, further enhancing user knowledge and safety.
