October 16th, 20191Imran Khan, prime Mminister of Pakistan met Eric Ip, group managing director of Hutchison Ports, yesterday to discuss the Hong Kong terminal operator’s expansion plans in south Asia. Ip confirmed to the prime minister the commencement of construction of the second phase of the Pakistan Deep Water Container Port project in Karachi...
October 3rd, 20190Hong Kong’s shipping arbitration focus has stepped up a gear. Arthur Bowring, best known as the long serving managing director of the Hong Kong Shipowners Association, is spearheading the Hong Kong Maritime Arbitration Group (HKMAG), which has been spun out as a separate institution from the Hong Kong International Arbitration Centre...
October 2nd, 20191The Captain's Table, the Hong Kong-based maritime pitch competition supported by Splash, today announces the names of the six start-up finalists. Six entrepreneurs will pitch their inventions to a panel of well-known judges at an event during Hong Kong Maritime Week on November 19, relayed live by Splash. The finalists are...
September 30th, 20191One of shipping’s more high profile early blockchain initiatives has stumbled. Hong Kong-based 300cubits, which created the cleverly titled TEU tokens, has decided to suspend the operation of its booking deposit module from tomorrow. The system, led by ex-JP Morgan analyst Johnson Leung, has been live since March 2018, but failed to...
September 23rd, 20190Splash can reveal today the 15 names who have made it to the shortlist for maritime startup competition, The Captain’s Table. The shortlist contains: Marified, a startup focused on the verification of seafarer certificates; Irwin Rotational Lining, a company that refurbishes old pipes; Hamburg-based fintech Oceanis, smart cargo...
September 18th, 20190Hong Kong dry bulk shipowner Pacific Basin has added two supramaxes and two handysizes to its fleet, sealing four separate deals worth a total of $73.84m. The four unidentified vessels are all constructed in Japan, and made up of two 2015-built (Shikoku) handysizes, a 2015-built (Tsuneishi) supramax and a 2012-built (Imabari)...
September 17th, 20190Belgian shipping giants Peter Cremers and Nicolas Saverys have found a new way to work together. Cremers’ Anglo-Eastern Univan Group and the Saverys-controlled Exmar Ship Management have announced the formation of a joint venture dedicated to the newbuilding supervision and vessel management of LNG carriers for third-party...
September 9th, 20190Hutchison Port Holdings Trust is to be booted from Singapore’s Straits Times Index after its market value slumped dramatically.
One of the biggest IPOs in Singapore back in 2011, the south China boxport offering has seen its market cap slide 84% since then to become the lowest among the 30 constituents of the Straits Times...
August 27th, 20190Australian compressed natural gas company Global Energy Ventures (GEV) has appointed well known Hong Kong shipping executive Thomas Soderberg as a non-executive director. Soderberg, who heads up Tribini Capital, will commence with GEV on September 1, also taking up the role of head of shipping. He replaces Jens Martin Jensen, who...
August 19th, 20190Hong Kong’s Pacific Basin continues to add to its fleet with the acquisition of 2012-built ultramax , according to brokers. Both Seasure Shipbroking and Advanced Shipping & Trading report that Pacific Basin has shelled out $17.1m to Japan’s Meiho Kaiun for the Iwagi Zosen-built vessel. The price is slightly under the...
