SITC boosts feeder fleet

November 6, 2018 Michael Grinter 0

Hong Kong-headquartered intra-Asia specialist, SITC has made another foray into the newbuildings market with an order for three 2,700 teu boxships from Yangzijiang Shipbuilding. The total cost is US$87.9m. Deliveries of the new orders are […]

Urgent pirate alert issued by ReCAAP

October 30, 2018 Michael Grinter 0

ReCAAP ISC has today (30 October 2018) issued the following warning of possible pirate activity. The ReCAAP ISC has received information from the Philippine Focal Point (Philippine Coast Guard) that a group of approximately 10 ASG (Abu Sayyaf […]

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Trends align for Pacific Basin during 3Q

October 12, 2018 Michael Grinter 0

Healthy demand combined with muted supply has been the main drivers behind Hong Kong-based Pacific Basin’s continuing recovery in the third quarter of 2018. Both Handysize and Supramax spot earnings reached their highest third quarter […]

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Hong Kong delivers on maritime pledge

October 10, 2018 Michael Grinter 0

Hong Kong’s maritime sector  has something to celebrate in the wake of the Hong Kong chief executive’s policy address delivered earlier today, where Carrie Lam offered hope that anticipated tax concessions would soon be granted. […]

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