Asia
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Chinese consortium snaps up 70% stake in proposed Myanmar port project
A Chinese consortium led by CITIC Group has agreed to take a 70% stake in a deepwater sea port project…
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Asian shipowners call for BMP4 update
The Asian Shipowners’ Association has called for the guidelines for ships transiting the notoriously unstable Horn of Africa to be…
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Hanjin boss accused of misappropriating funds
Police are seeking the arrest of Cho Yang-ho, the CEO of Korean Air Lines and chairman of Hanjin Group, over…
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Shesh Venkatraman to depart Miclyn Express Offshore
Shesh Venkatraman will be departing his position of chief executive officer at Singapore offshore operator Miclyn Express Offshore (MEO). Venkatraman…
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Singapore PM: ‘We cannot rest on our laurels’
In another life Lee Hsien Loong might have been steering a ship, rather than the republic of Singapore. Singapore’s prime…
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Pacific Radiance debt obligations suspended as debt restructuring nears
Singapore offshore operator Pacific Radiance says it has commenced discussions with potential investors as it looks to raise funds as…
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Five arrest warrants sought over STX yard explosion
Investigators sought arrest warrants Monday for five people in connection with a deadly explosion at the shipyard of local shipbuilder…
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Varun aframax finally finds a buyer
Creditors have sold another ship that used to belong to crisis hit Varun Shipping. The 11-year-old , an aframax tanker…
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Shreyas sends feeder boxship to scrap
Indian container feeder operator Shreyas Shipping & Logistics has entered into a memorandum of agreement for the sale of containership…
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HMM details new share plan
South Korea’s Hyundai Merchant Marine (HMM) detailed plans on Friday to raise KRW693.6bn ($614m) for two share sales. Cash raised…
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Regulator suspends ABG Shipyard’s shipowning unit
India’s maritime regulator has revoked a document of compliance (DOC) given to PFS Shipping, the shipowning unit of debt-ridden ABG…
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Seamec secures DSV contract with IGOPL
Indian company Seamec has secured a contract with compatriot company IGOPL Offshore for the charter of the company’s dive support…
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Larsen & Toubro wins EPCIC deal at Daman
India’s Larsen & Toubro has won a contract, via subsidiary L&T Hydrocarbon Engineering, encompassing engineering, procurement, construction, installation and commissioning…
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Mega boxships have ‘polarised profitability’
C K Yoo, the president and CEO of South Korea’s Hyundai Merchant Marine (HMM), used his prime position as keynote…
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Maersk Drilling finds additional work for semi-sub in Malaysia
Maersk Drilling has been awarded a contract by Total E&P Malaysia for the semi-submersible rig . The new contract will…
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India: the future of shipping?
Mark Williams, managing partner at Affinity Research, ponders just how much the world’s largest democracy can bolster global maritime fortunes.…
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Mercator offloads vintage bulker
Mercator Ltd has sold an elderly panamax bulker that it had earlier earmarked for scrap. Mercator is pocketing $3.8m from…
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Nam Cheong seeks court protection amid bid to restructure debts
One of the biggest names in Malaysian offshore, Nam Cheong, has revealed it has applied to Singapore’s High Court to…
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Ocean Yield further extends charter of Lewek Connector
Norwegian owner Ocean Yield has extended the $40,000 per day bareboat charter to Emas Chiyoda Subsea, now part of Subsea…
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UN blacklists four ships for violating North Korea sanctions
The United Nations imposed a global port ban on four vessels yesterday which were found violating sanctions against North Korea.…
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