Asia
-
Wilmar takes supramax pair for $19m
Singapore-based Wilmar International has snapped up a pair of supramax bulkers for just $19m en bloc. Hellenic Star Shipping has…
Read More » -
CEO of Japan’s second largest shipbuilder announces restructuring, takes swipe at Korean rivals
The CEO of Japan Marine United (JMU), the second largest yard in the nation, has announced a restructuring, as well…
Read More » -
LPG carrier fetches $420 per ldt in India
Demo rates have crashed through the $400 barrier for the first time since April 2015. With scant tonnage heading to…
Read More » -
Cobelfret places rare Oshima bulker orders
Belgium’s Cobelfret continues its rapid fleet build up in 2017 with brokers reporting it has placed a rare bulker order…
Read More » -
Ship spotters ready to take a look at the world’s largest boxship
The world’s largest containership reduces fuel consumption and CO2 emissions per container moved by about 25 to 30% compared to…
Read More » -
Bankruptcy judge protects Ezra’s assets
A bankruptcy judge in the US ruled yesterday no company can seize any assets belonging to troubled Singaporean offshore operator…
Read More » -
Marinakis pays $155m for Hanjin boxship quintet
The carve up of the defunct Hanjin Shipping fleet is now just about complete with news Evangelos Marinakis’s Capital Ship…
Read More » -
Marco Polo looks to Malaysian JV with Nam Cheong to find work
The joint venture company owed by Singapore’s Marco Polo and Malaysia’s Nam Cheong, Marco Polo Offshore, has incorporated a new…
Read More » -
Ezion takes over rigs from JV with Swissco
Singapore’s Ezion Holdings has entered into various sales and purchase agreements to take full control of two joint ventures with…
Read More » -
Aban Offshore secures drillship contract from ONGC
Indian offshore driller Aban Offshore has received a letter of award from ONGC for the charter of the drillship for…
Read More » -
Dong-A Artemis sale sets very firm threshold for capes
Secondhand capesize prices are spiking fast. Clarkson Research reports South Korea’s Dong-A Tanker looks to have sold a 2012-built cape,…
Read More » -
Colombo Dockyard eyes wind installation sector
Amid a severe ordering drought, Sri Lanka’s only shipbuilder is having to seek alternative revenue streams. Colombo Dockyard, which received…
Read More » -
JSW Group outlines global port ambitions
India looks set to have a private port operator on the global stage with Sajjan Jindal, chairman of the JSW…
Read More » -
Cochin Shipyard to raise up to $229m via IPO
India’s state-run Cochin Shipyard has filed IPO papers with the Securities and Exchange Board of India (SEBI) and is looking…
Read More » -
BW LPG refinances ex-Aurora ships with new $290m facility
BW LPG is refinancing six 2016-built VLGCs with a new $290m debt facility arrangement. The vessels are from the Aurora…
Read More » -
Soldiers free Abu Sayyaf-held master
One of two seafarers taken captive on Thursday by Philippine militant group Abu Sayyaf was freed on Saturday as local…
Read More » -
Solvang confirms ethylene carrier pair at Hyundai Mipo Dockyard
Norway’s Solvang has confirmed an order with South Korea’s Hyundai Mipo Dockyard for the construction of two firm 21,000 cu…
Read More » -
Singapore oil and gas inferno
The very real risk of contagion spreading across already battered offshore-related stocks on the Singapore Exchange (SGX) probably explains why…
Read More » -
Container lines slapped with strict new pricing rules in Vietnam
Shippers in Vietnam are celebrating a decree by Hanoi that forces all containerlines to publicise all of their charges including…
Read More » -
Magsaysay Transport and Logistics: How to make shipping in the Philippines easier
A well-known name in Southeast Asian shipping circles, Ian Claxton, quit his post at Thailand’s Thoresen Shipping, and is now…
Read More »