Asia
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PaxOcean to build first electric vessels for Kuok-led alliance
The Kuok Maritime Group-led Coastal Sustainability Alliance (CSA) has announced the start of construction of the first fully electric PXO…
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Transpacific container contracts ‘substantially below’ initial asking rates
The first batch of transpacific contracts are concluding for the May 2024-April 2025 period with analysts at Jefferies reporting Asia-US…
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Thai PM calls for Bangkok Port to be relocated
Bangkok Port is to be relocated. Srettha Thavisin, Thailand’s prime minister, has vowed to regenerate the area along the Chao…
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Pan Ocean behind pricey tanker order at Hyundai Mipo
Pan Ocean has been named as the owner of high-priced product tanker newbuilds at a competitor yard in South Korea.…
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HD Hyundai unveils novel gas containment material
HD Hyundai is developing a plastic rival gas containment system to today’s dominant supplier, Gaztransport & Technigaz (GTT). South Korea’s…
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Sapura Energy awarded subsea services contract by Shell
Malaysian offshore services provider Sapura Energy has been awarded a contract to provide pan-Malaysia underwater services for the Petronas group…
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Precious Shipping sells ageing supramax in fleet renewal push
Thai dry bulk player Precious Shipping has continued its fleet renewal push with the sale of a 2013-built supramax. The…
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Dyna-Mac scores largest ever contract
Dyna-Mac has landed the largest ever contract in the company’s history, taking its orderbook to a record S$896m ($663m). In…
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HMM inks deal to bunker methanol and LNG at Shanghai Port
South Korea’s flagship carrier HMM has signed a memorandum of understanding (MoU) with Shanghai International Port Group (SIPG) to cooperate…
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Seatrium bags $260m worth of repair, upgrade and conversion deals
The contracts, worth an aggregate of S$350 million ($259m), include work on various types of vessels such as FSRUs, FPS,…
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Drydel places first bulker order under new brand
Greek bulker player Drydel Shipping has contracted its first newbuild since changing its name from Meadway Shipping and Trading adding…
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Hanwha Ocean taps SBM veteran to head up its offshore business
Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as president of its offshore business. The…
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Austal knocks back takeover bid from Hanwha Ocean
Top management at Australian shipbuilding group Austal has rejected a $662m bid from South Korea’s Hanwha Ocean, citing regulatory worries. …
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MOL unveils maintenance robot
Mitsui OSK Lines has unveiled a maintenance robot it has been developing with other Japanese companies including Sumitomo Heavy Industries. …
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Northern Drilling refused permission to appeal Hanwha ruling in cancelled drillships case
John Fredriksen-backed rig investment company, Northern Drilling, has been denied the right to appeal an arbitration decision that favoured Daewoo…
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Mooreast and Bourbon Offshore win French floating wind gig
Singapore-listed Mooreast has partnered with Bourbon Offshore to provide mooring drag anchors to the 30MW Eolmed offshore floating wind project…
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Great Eastern Shipping continues tanker fleet rejuvenation
Indian owner Great Eastern Shipping has struck a deal to sell its 2004-built MR product tanker Jag Pahel, making room…
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Modec wins work on Shell’s Gato do Mato FPSO
Japanese floater expert Modec has won a front-end engineering and design (FEED) deal for a floating production, storage, and offloading…
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Two former Sembcorp Marine execs in court over Brazil bribery probe
Two former executives from Sembcorp Marine were charged in court last week with corruption offences relating to a long running…
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Swedish vertical axis floating wind turbine developer targets Japanese market
Swedish energy-tech company SeaTwirl has teamed up with Sumitomo Corporation Power & Mobility Co to bring its vertical-axis offshore floating…
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