General
Taizhou Kouan enters restructuring process
Cash-strapped Taizhou Kouan Shipbuilding has entered into a court-led restructuring.  According to industrial source and foreign media outlet, Taizhou Gaogang People's Court ordered the reorganization of the private shipbuilder, after req...
2020-08-25 09:11:18
Shanghai transcosmos inks alliance deal with MOEN
transcosmos inc. announced on July 30 that Shanghai transcosmos Marketing Services Co., Ltd. (Headquarters: Shanghai, China; CEO: Eijiro Yamashita; transcosmos China), its wholly-owned subsidiary, held a joint press conference, and signed a strat...
2020-08-21 09:39:01
Transcosmos implements new initiative in Japan
Transcosmos inc. announced on August 3 that its Digital Marketing Services Division under the Digital・E-Commerce・Contact Center Headquarters will implement "bring freedom of workstyle," an initiative for creating a workplace where employees c...
2020-08-20 09:38:22
Samskip boosts rail services with Amsterdam-Duisberg network
Multimodal company Samskip announced on August 17 that Samskip and Nunner Logistics are launching direct rail services between Amsterdam and Duisburg, in a new and far-reaching commitment to shippers using rail, road and waterborne transport serv...
2020-08-19 09:19:23
Hermitage & 28 units file petitions for reorganization
Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) jointly announced on August 11 that they have filed voluntary petitions for reorganization under Chapter 11...
2020-08-18 09:55:41
SOCAR Petrofac JV provides payroll & personnel support
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), announced on August 10 that it has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including...
2020-08-14 09:26:55
SHI entails heavy loss in 2Q
Samsung Heavy Industries (SHI) announced in a regulatory filing on July 31 that its operating loss of KRW 707.7bn and sales of KRW 1.69trn for the second quarter in 2020.   SHI’s sales fell 7% to KRW 1.69trn compared to the first quarter...
2020-08-12 09:07:41
ClassNK releases “Innovation Endorsement” service
Leading Classification Society ClassNK announced on July 31 that it is launching a new service titled “Innovation Endorsement” for certifying innovative technology. In February 2020, the Society announced the "ClassNK Digital Grand Design ...
2020-08-11 09:50:54
Maersk Drilling invests in carbon-negative energy
Maersk Drilling announced on July 29 that it has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology ...
2020-08-11 09:46:06
MOL reveals restructuring plan
Tokyo-Mitsui O.S.K. Lines, Ltd.(MOL; President & CEO: Junichiro Ikeda) announced on July 29 that it would lower the number of employees working from the office from 50% to 30%, effective from today as the Coronavirus continues to spread acr...
2020-08-10 09:34:55
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