According to a report posted on Reuters, Canadian pension fund Ontario Municipal Employees Retirement Scheme (OMERS) is reportedly set to buy V. Ships, one of the world's biggest ship managers, for about $500m. (Source: Reuters)
During the year ended 31, December 2013 China Rongsheng, the largest non-state-owned shipbuilder in the PRC, reports that revenue of the Company was RmB1,343.6 million, a decrease of 83.
InterManager, the international trade association for the ship management industry, says it has welcomed the adoption of new measures to protect seafarers against abandonment.
Japanese Prime Minister Shinzo Abe has sent a ritual offering to the Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, media reported on Monday,