Asia
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Hong Kong looking to press charges against APL over illegal armoured vehicles shipment
Containerline APL and one of its masters are in hot water for failing to have the right licence to transport…
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DSME to receive $2.6bn rescue package
South Korea’s financial regulator, Financial Services Commission, announced today a KRW2.9 trillion ($2.6bn) debt restructuring plan for shipbuilder Daewoo Shipbuilding…
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Odfjell Drilling secures drillship work in Southeast Asia
Norwegian offshore drilling contractor Odfjell Drilling has, on behalf of Golden Close Maritime, secured a letter of intent with an…
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Essar pushes forward fleet rejuvenation scheme
Shipbrokers will be knocking at the doors of one of India’s top private lines following today’s board meeting at Essar…
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Alam Maritim wins subsea contract
Malaysian OSV operator Alam Maritim has announced that it has been awarded a contract the provision of subsea inspection, maintenance…
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Moore Stephens stresses FSL Trust’s going concern issues
Having been tasked with auditing First Ship Lease Trust’s most recent annual accounts, Moore Stephens has found them to be…
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Myanmar’s role in progressing One Belt, One Road
Since presenting a special briefing in Yangon regarding the China One Belt, One Road (OBOR) strategy and Myanmar’s role in…
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Aza gets first VLCC
Brokers report that up and coming private Indian tanker player Aza Shipping has taken its first VLCC. The company, founded…
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HSH Nordbank sets April 15 as deadline for Rickmers Maritime
Rickmers Maritime, the Singapore-based shipping trust, now has until April 15 to show lead creditor HSH Nordbank an acceptable, revised…
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Union Marine Management Services: The case against consolidation in shipmanagement
Contrary to the prevailing mood of consolidation seen in the sector and shipping in general, one shipmanager tells Maritime CEO…
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Struggling Hyundai Heavy suspends work at another dock
Hyundai Heavy Industries, the world’s largest shipbuilder, has announced it will shutter another dock at its Ulsan flagship facility. Dock…
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EMAS Offshore admits it might struggle to carry on in wake of Ezra bankruptcy filing
The inevitable domino effect following Ezra Holdings bankruptcy filing in the US swung into full motion today with its Singapore-listed…
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L&T Hydrocarbon Engineering secures ONGC contract
L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, has secured an offshore engineering contract from India’s Oil & Natural…
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Chow to retire after 36 years at Keppel
After 36 years at the company Chow Yew Yuen, 62, will retire from his position as CEO at Keppel Offshore…
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Ezra Holdings files for US bankruptcy protection
Singapore’s Ezra Holdings has filed for chapter 11 bankruptcy protection in the Southern District of New York US Bankruptcy Court.…
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Auditor casts serious doubts on Nam Cheong
Malaysian offshore shipbuilder Nam Cheong has announced that its independent auditors BDO LLP have cast doubt on its ability to…
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SM Group eyes more takeovers at home and abroad
South Korea’s Samra Midas Group (SM Group) is looking to acquire more shipping assets to further expand its business, Korean…
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Maritime CEO Forum set for April 24 in Singapore
Today marks the official launch of the Maritime CEO Forum. To be held at the Fullerton Hotel on April 24…
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Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
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Kambara Kisen sells another supramax
Just one week after brokers reported its last supramax sale, Japan’s Kambara Kisen has sold another. The owner, which also…
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