Asia
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Noteholders fail to agree Rickmers Trust Management’s restructuring plans
Embattled Rickmers Trust Management (RTM) suffered another reversal today in Singapore with noteholders today failing to agree to pass an…
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Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
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SGX completes Baltic takeover
One of shipping’s most prestigious institutions is now officially in Singapore hands. The Singapore Exchange (SGX) has announced it has…
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Indonesia’s Temas Line takes its largest boxship
Alphaliner is reporting Temas Line from Indonesia has paid Germany’s Gebab $6.5m for the 11-year-old 2,800 teu . The ship,…
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Slow moving ships with low freeboard urged to reroute away from southern Philippines
The Kuala Lumpur-based Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP…
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THE Alliance unveils service offerings
Hot on the heels of rival OCEAN Alliance announcing its service network for next April, another container grouping THE Alliance has…
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Hanjin sliding out of the top 20 liner list fast
Hanjin Shipping, the seventh largest containerline in the world when it filed for bankruptcy at the end of August, will…
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Sungdong closes in on aframax deal
Sealing a refund guarantee is all that stands in the way of South Korea’s Sungdong Shipbuilding & Marine Engineering from…
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Maritime HR: Spotlight on Singapore
The Maritime HR Association has recently published its tenth annual salary survey for its maritime members. Some key findings below.…
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Calls grow for Pakistan to adopt shipbreaking code in wake of last week’s deadly inferno
Calls have grown for dramatic reforms at the Gadani shipbreaking area in Pakistan following last week’s tragic blaze on a…
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Octanex awards drilling contract to UMV
Malaysia’s UMW Offshore Drilling has won a contract from Australian oil and gas exploration company Octanex for drilling services at…
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KDB assembles 4 Hanjin boxships in Hong Kong for sales inspections
Brokers in Hong Kong have been invited to inspect four Hanjin boxships that lead creditor Korea Development Bank has put…
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Samsung Heavy readies $1bn share sale
South Korean shipbuilding major Samsung Heavy Industries is gearing up for a share sale worth KRW1.14trn ($996m), Yonhap, the nation’s…
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South Korea’s HMM sets sail as a ‘true flag carrier for the nation’
After what has been a traumatic year at Hyundai Merchant Marine (HMM) the line is now ready for a “new…
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Deadly Gadani fire finally extinguished
After four days firefighters have finally managed to douse the terrible tanker blaze that killed many workers at a shipbreaking…
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Chowgule Steamship sells young handy
Mumbai-listed bulker specialist Chowgule Steamship has fetched around $16m for its youngest ship, a 34,900 dwt bulker, named , sources…
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Keppel comes to KrisEnergy’s rescue
Keppel Corp is coming to the rescue of endangered KrisEnergy, taking its stake in the restructuring firm to 67.33% via…
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MISC in $245m court spat with Shell
MISC, Malaysia’s energy shipping giant, has revealed details of a $245m court spat with Shell. GKL, an MISC subsidiary, is…
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Dire safety conditions revealed in wake of Gadani fire as death toll feared to surpass 100
A fire, which has now killed at least 21 people, is still raging at Pakistan’s Gadani ship recycling area with…
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DSME will make more cuts as order slump worse than anticipated
Admitting it will fall well short of its annual sales target, under pressure Korean yard Daewoo Shipbuilding & Marine Engineering…
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