Asia
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Former Hanjin Shipping boss jailed for insider trading
Choi Eun-young, 55, the former chairwoman of now-defunt Hanjin Shipping was handed an 18-month jail sentence by a court in…
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Former DSME CEO handed six-year prison term
Nam Sang-tae, 67, the former CEO of Daewoo Shipbuilding & Marine Engineering (DSME), was yesterday handed a six-year jail term…
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Greek owners back at DSME for more tankers
Greek owners are finishing the year like they started it – by ordering tankers in South Korea. John Angelicoussis was…
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GTT acquires majority stake in Ascenz
French LNG engineering company GTT has acquired a 75% stake of Singaporean tech firm Ascenz. Ascenz, founded by Chia Yoong…
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MOL shows off revolutionary gas-powered coal carrier
Mitsui OSK Lines (MOL) along with fellow Japanese companies Tohoku Electric Power and Namura Shipbuilding have jointly earned an Approval…
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Three Emas Offshore vessel charters terminated
Singapore offshore support vessel operator Emas Offshore has been served notices terminating the bareboat charter of Lewek Arial, Lewek Lynx…
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Sembcorp Marine and Shell sign FPU letter of intent
Sembcorp Marine subsidiary Sembcorp Marine Rigs & Floaters has signed a letter of intent (LOI) with Shell for the construction…
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APL resurrects the President ship naming tradition
CMA CGM has delved into the archives in renaming a pair of boxships it bought for subsidiary APL recently. Alphaliner…
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MOL predicts seaborne bauxite trade will grow 40% by 2025
Japan’s Mitsui OSK Lines (MOL) has won a five-year bauxite transport contract from Alufer Mining. Capesizes will be deployed to…
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Hyundai Heavy wins multiple VLCC contracts
Christmas has come early for the world’s largest shipbuilder with a bumper crop of VLCC contracts just in. Allied Shipbroking…
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Maersk adding 200 tech savvy engineers in India
A.P. Moller-Maersk is hiring more than 200 engineers at its new Centre of Excellence in Bengaluru to help the world’s…
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UMW awarded ConocoPhillips Sarawak jackup contract
Malaysia’s UMW Oil & Gas Corporation has announced that subsidiary UMW Offshore Drilling has won a contract with ConocoPhillips Sarawak…
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Mitsubishi Heavy restructures shipbuilding division
One of Japan’s top shipbuilders is going through yet another restructuring. From January 1, Mitsubishi Heavy Industries will create two…
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Many dead as bunker tanker collides with fishing vessel off Incheon
In the worst South Korean maritime disaster since the dreadful sinking of the Sewol in 2014 a bunker tanker collidied…
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Cosco takes another berth in Singapore
Cosco Shipping Ports is taking another berth in Singapore. The third berth at joint venture Cosco-PSA Terminal will launch next…
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Pan Ocean in for six VLOCs
Pan Ocean has sealed a series of contract of affreightments with Brazilian miner Vale and is ordering six very large…
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Sungdong on the verge of liquidation
Sungdong Shipbuilding & Marine Engineering from South Korea, once upon a time a top 10 yard globally, now stands on…
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Tanker trio sale sees ugly abandonment spat come to a close
An ugly impasse involving three ships managed by Singapore-headquartered Elektrans is coming to an end, with the vessels being sold…
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Pioneering VDR test brings MOL a step closer to operating ships remotely
Japan’s Mitsui OSK Lines (MOL) said today pioneering work with a voyage data recorder (VDR) on one its ships had…
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NS United fixes VLOC deal with Vale
Japanese owner NS United Kaiun Kaisha (NSU) has fixed another deal with Brazilian miner Vale and will order a very…
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