COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said it will dispose of a 51% equity interest in COSCO Shipyard Group, a 50% equity interest in […]

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CHITTAGONG, Apr 25: The Chittagong Port Authority (CPA) is going to arrange a first ever Bangladesh Port Expo-2017 on Thursday marking the 130th Port day, reports BSS. The two-day exposition will be held at the CPA car shed in the port city, sources concerned said. Prime Minister Sheikh Hasina is expected to inaugurate the expo […]

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Without having to enter a service bay or wait for a technician to come on site, Cummins customers are now able to read prioritized engine fault codes and other key engine information within minutes wherever they are operating with the new Cummins Guidanz mobile app. Available as a free download now on the Apple App […]

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Of the 196 ships sold for scrap in the first quarter of 2017, 65 percent ended up on beaches in India, Bangladesh and Pakistan, said South Asia quarterly update of NGO Shipbreaking Platform. 128 ships were sold for scrap to the South Asian beaches in the first quarter of 2017. 51 of the beached vessels […]

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