Asia
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South Korean shipbuilding workforce halves in just three years
Illustrative of both the dramatic restructuring in the sector as well as the increased use of robots, statistics from South…
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Tiger Subsea Services behind Ultra Deep Solutions DSCV charters
Louisiana-based subsea startup Tiger Subsea Services has been revealed as the charterer behind recent announcements by Singapore’s Ultra Deep Solutions…
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DP World forms $3bn Indian investment platform
Dubai terminal operator DP World is partnering with India’s de facto sovereign wealth fund to invest in Indian infrastructure projects.…
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Pacific Radiance restructuring plan offers noteholders 40 cents on the dollar
Singapore offshore operator Pacific Radiance is asking noteholders to vote on a restructuring plan which will see them receive cash…
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DBS and UOB reject Emas Offshore restructuring proposal
EMAS Offshore, part of Singapore’s Ezras Holdings, has suffered a setback to its financial restructuring after Singapore banks DBS and…
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Ultra Deep Solutions signs off on first of five well intervention vessels
Singapore’s Ultra Deep Solutions has firmed up an LOI signed with China Merchants Heavy Industry last month for a SALT…
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Keppel confirms talk with Borr Drilling to sell six jackups
Sinagpore’s Keppel Corporation has confirmed that it is in negotiations with Borr Drilling about a possible sale of six jackup…
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Emas Offshore CEO Adarash Kumar resigns
Emas Offshore, part of Singapore’s Ezra Holdings, has announced the resignation of CEO and executive director Captain Adarash Kumar. …
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FSL Trust offloads another vessel
Singapore’s First Ship Lease Trust has sold 2003-built 1,221 teu containership vessel for $6.2m. Proceeds from the sale will be…
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ONE finally gets approval to start operating
The Japanese can crack open the magenta paint today as the final regulatory approval was crossed in the creation of…
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Evergreen charters a dozen 11,000 teu ships from Shoei Kisen
Taiwanese owner Evergreen Marine has entered into contracts with Japan’s Shoei Kisen Kaisha for a total of twelve 11,000 teu…
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Govind Ramanathan departs from PCL Shipping
Managing director Govind Ramanathan has resigned from Singapore’s PCL Shipping as well as his board role at another Kuok company,…
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Major fire breaks out on Seven Islands Shipping MR tanker
A major fire broke out on yesterday evening around 6pm onboard 2000-built MR tanker while it was anchored off Kandla, India. The…
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Video captures moment MOL ethane carrier comes close to major disaster
Mitsui OSK Lines (MOL) is in trouble in Egypt where 11-month old fully laden ethane carrier grounded and collided into…
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Deal with Maersk and MSC cost HMM a quarter of its liner capacity
Hyundai Merchant Marine’s (HMM) deal to work with the two liner giants of the 2M vessel sharing agreement (VSA) has…
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Ofer’s XT takes K Line cape
XT Shipping, the joint venture between Idan Ofer and Udi Angel, has bagged one of the first capes reported sold by…
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Great Eastern offloads supramax
India’s Great Eastern Shipping Company has sold 2003-built supramax . The company did not reveal the buyer or price,…
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FSL Trust offloads chemical tanker for $13.8m
Singapore’s First Ship Lease Trust has sold 2006-built chemical tanker FSL Tokyo to an unnamed party for $13.8m. Splash understands the buyer to be India chemical…
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The future of port operations
Andy Lane from CTI Consultancy gets a glimpse of new shore-side technology while visiting an exhibition in Singapore. Container handling…
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Chios Navigation contracts first newbuild since 2012
Brokers tell Splash that Greece’s Chios Navigation has ordered its first newbuilding in six years, shaking hands with yard representatives…
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