Asia
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Tanker attacked off Batam
A tanker managed by Sharjah-based Silver Star Ship Management was attacked by five assailants yesterday off Singapore. Five men carrying…
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China to finance major Bangladesh pipeline project
China continues to reshape energy flows into the Bay of Bengal. Having constructed pipelines through Myanmar into China, Beijing has…
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Sojitz buys into Spanish LNG terminal
Japanese commodity tradier Sojitz Corporation has announced the acquisition of full ownership of Spanish company First State Regasificadora. First state,…
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South Korea’s only drilling rig up for sale
Korea National Oil Corp (KNOC) has put its semi-submersible rig up for sale, citing the rising repair and maintenance costs…
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Triyards restructuring hit by demand letters from lenders
Singapore’s Triyards Holdings, part of the stricken Ezra Holdings group, says it has received demand letters from two of its…
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MOL deploys virtual reality goggles to improve safety
Japan’s largest shipowner Mitsui OSK Line (MOL) is using virtual reality to improve seafarer safety. MOL has developed a mariner…
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Samudera Shipping offloads two ships as it exits domestic trades
Indonesia’s Samudera Shipping has announced the disposal of a pair of vessels as it works to sell of a large…
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Korea Line orders VLOC pair at Hyundai Heavy
Korea Line Corporation has announced today that it has placed an order with Hyundai Heavy Industries for the construction of…
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Moment of truth for Japanese shipbuilding with naming of landmark 20,000 teu ship
Yesterday saw the naming ceremony for the first ever Japanese-built 20,000 teu class containership. On a clear blue-skied day a…
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Mitsui takes 50% stake in AKOFS Offshore
Norway’s Akastor says it is in advanced discussions with Japenese trading and investment company Mitsui & Co to expand collaboration…
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Go Marine Group goes into administration
Australia’s Go Marine Group has become the latest casualty of the offshore downturn, having been placed into administration this week…
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Liquidators appointed at Mercator Lines
The Singapore dry bulk offshoot of India’s Mercator Group has appointed liquidators Yit Chee Wah and Joshua James Taylor today…
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Nova Shipping orders woodchip carrier pair at CSSC Chengxi
China’s CSSC Chengxi Shipyard has announced that it has entered into shipbuilding contracts with a Singapore owner for the construction…
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PHP becomes first recycling yard in Bangladesh to become Hong Kong compliant
Bangladesh now has a ship recycling yard that is in line with the Hong Kong Convention for the Safe and…
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90% of boxships on Asia-Europe set to be above 14,000 teu in capacity by 2020
Six years ago only 5% of the container vessels deployed on the Asia-Europe tradelane had a capacity in excess of…
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Cochin Shipyard forms jv with Hooghly Dock
Indian shipbuilding major Cochin Shipyard has incorporated a joint venture, Hooghly Cochin Shipyard, with Hooghly Dock & Port Engineering for…
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Rhodium Resources enters shipowning with supramax acquisition
Singapore-based commodity trading company Rhodium Resources has acquired three secondhand supramax bulk carriers, marking the company’s entry into the shipowning…
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ICTSI stumps up another $100m to boost Iraqi facilities
Manila-headquartered International Container Terminal Services Inc (ICTSI) is stumping up $100m for the second phase development of Basra Gateway Terminal…
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Polaris inks five more VLOCs at Hyundai Heavy
South Korea’s Polaris Shipping has wasted little time exercising options for yet more very large ore carriers (VLOCs). Polaris, in…
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MMA Offshore facing shareholder revolt led by Michael Kum’s Halom Investments
MMA Offshore’s largest shareholder Halom Investments, led by Singaporean OSV stalwart Michael Kum, is calling for the removal of the…
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