May 28th, 20180Following Friday’s Splash exclusive that Simon Doughty will be stepping down as CEO of Wallem Group, the company’s owner and chairman Nigel Hill has stressed that it is business as usual at the Hong Kong-headquartered company.
“We have begun the search for Simon’s successor - the executive search is being handled by Jennifer...
May 28th, 20180The head of the Hong Kong Shipowners Association, Jack Hsu, has told Splash of his renewed sense of optimism for the city as a maritime hub in the wake of an influential report last Monday, which looked at how Hong Kong could bolster its position as a ship leasing stronghold.
Hong Kong’s Financial Services Development Council (FSDC)...
May 28th, 20180Greek owner Diana Containerships has sealed a deal with Hong Kong’s OOCL to extend the time charter contract 2006-built post-panamax containership for a period of 8 to 12 months.
The charter extension commences June 22 at a rate of $18,000 per day, a significant increase on the $10,750 per day previously paid by OOCL.
Diana says...
May 26th, 20180Simon Doughty is to step down as CEO of the Wallem Group, one of Hong Kong’s largest shipping services company.
Doughty, who has been with Wallem for 13 years and CEO for the past seven years, has decided to return home to the UK to be closer to his family. A recruitment company is now looking for his replacement with Doughty...
May 22nd, 20180After a lost couple of decades, Hong Kong authorities are finally gearing up to make the city more competitive for shipping companies to set up shop.
Hong Kong’s Financial Services Development Council (FSDC) has released a research report, addressing the importance of developing a significant maritime financing and leasing industry...
May 16th, 20180The influential Asian Shipowners’ Association (ASA) yesterday backed the IMO decision to implement a 0.50% sulphur cap on marine fuel with effect from January 1 2020.
At its 27th AGM in Hong Kong, the 17-member state association comprising some of the world’s largest shipowning nations, described the IMO initiative as “arguably...
May 15th, 20180Hong Kong owner Pacific Basin continues to grow it fleet with the acquisition of four bulkers, two supramaxes and two handysizes, in a series of deals worth $88.5m.
The company has picked up a 2010 Tsuneishi-built supramax for $15.5m, a Tsuneishi-built resale newbuild for $28m, a 2015 Imabari-built handysize for $20.5m and an...
May 7th, 20180Having spent the first four month of the year buying vessels, Lugano-based Nova Marine Carriers has turned seller by offloading handysize bulk carrier for a price of around $12.5m.
Sources have revealed to Splash that the buyer is Hong Kong-based Pacific Basin.
The Swiss shipping group, controlled by Giovanni Romeo, recently...
April 27th, 20180The Singapore High Court has blocked an AGM meeting scheduled by commodity trader Noble Group for Monday, Reuters reports.
Abu Dhabi-based Goldilocks Investment Company, the third largest shareholder in Noble Group, had launched two lawsuits against the Hong Kong-based firm earlier this week, not only seeking to stop the AGM but also...
April 26th, 20180Goldilocks Investment Company, the third largest shareholder in embattled commodities trader Noble Group, has launched two more lawsuits against the Hong Kong-based firm, seeking to stop the group from holding its AGM next Monday as well as stopping Noble’s restructuring support agreement and the company’s mooted plans to redomicile...
