January 17th, 20200Hong Kong dry bulk owner Taylor Maritime has acquired its third supramax, the 2011-build Mitsui supramax , bringing its fleet to a total of 28 vessels. Brokers are reporting that Taylor Maritime has paid $13.7m for the vessel, acquired from Dutch outfit Triton Navigation. Edward Buttery, CEO of Taylor Maritime, confirmed the deal...
December 20th, 20190APM Terminals has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports. Hutchison Ports owns the adjacent ECT Delta terminal at Europe’s biggest port. The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent...
December 16th, 20191Andy Tung announced on Friday he is stepping down as co-chief executive at OOCL at the end of this month, handing over the reins at the Hong Kong-based liner to his Cosco Shipping colleague Yang Zhijian. The Tung family sold the liner business to state-owned Cosco last year for $6.3bn. Since then, the Tungs have been active developing...
December 9th, 20190The year 2019 has been a landmark one for Kishore Rajvanshy, the veteran managing director of Hong Kong’s Fleet Management. The company he has been at the helm of since its establishment turned 25 and its fleet swelled to around 500 ships, while for Rajvanshy himself there was also another personal milestone, his 70th birthday. Such...
December 4th, 20191Ships sent for scrap cannot then resurface trading again, a landmark court case has ruled. The Kenneth Koo-led Tai Chong Cheang (TCC) Group took Anil Sharma’s GMS, the world’s largest cash buyer of ships for recycling, to court after one of its capes it had sold for demolition only was found to be trading via GMS’s shipowning...
November 29th, 20193Last week’s HR session at the Maritime CEO Forum confounded many who fear where the next generation might come from to fill the gap in shipping’s workforce. Watch below as two well known names in local Hong Kong shipping circles - Bjørn Højgaard, CEO, Anglo-Eastern and PB Subbiah, HR director at Pacific Basin - discuss how to go...
November 28th, 20197Captain Pradeep Chawla, managing director of QHSE and training at Anglo-Eastern Ship Management, discusses the characteristics and preferences of the millennials and how an organisation should adapt in order to motivate and retain this latest generation to join the workforce. “OK-Boomer” If you had to google this, you are...
November 27th, 20199It’s vital to build in sensitivities to baseline tanker forecasts, William Fairclough, the managing director of Wah Kwong Maritime Transport Holdings, told delegates attending last week’s Maritime CEO Forum at the Foreign Correspondents’ Club in Hong Kong. Watch as one of the smartest brains in Hong Kong shipowning analyses why...
November 27th, 20190Ports America, the largest marine terminal operator and stevedore in North America, has tapped a well known name in Hong Kong port circles as its next president. Peter Levesque will step down as CEO of Modern Terminals, Hong Kong’s oldest terminal operator, and return home to the US after 25 years in Asia, to take the Ports America...
November 26th, 20196Last week’s dry bulk session during the Maritime CEO Forum in Hong Kong covered plenty of topics. Moderated by Mandarin Shipping’s Tim Huxley, the panel of dry bulk shipowners were quizzed on finance, IMO 2020, the merits of being public or private and the markets during a busy 60 minutes on stage at the Foreign Correspondents’...
