Jinhui cuts losses in 2016

February 28, 2017 Michael Grinter 0

Hong Kong-listed Jinhui Shipping and Transport managed to reduce losses in 2016, from the 2015 figure of US$378.74m to US$189.09m. The 2016 result was marred by impairment loss on owned vessels worth US$113.01m, together with […]

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More Hanjin vessels find new owners

February 8, 2017 Michael Grinter 0

With barely a week before Hanjin Shipping is officially declared bankrupt the shipping company’s creditors continue to offload its assets. More Hanjin’s ships were sold through a bidding process at Hong Kong’s High Court yesterday. […]

OOIL ends year on a higher note

January 29, 2017 Michael Grinter 0

The fourth quarter performance of Orient Overseas International Limited saw all indicators turn positive. Total volumes surged 20.2% and revenues increased by 10.3% to US$1.3bn. However, the improved performance was not enough to negate the […]

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