Asia
-
No change in shipping fortunes until 2018: NYK president
In an interview with Nikkei, the leading Japanese business daily, Tadaaki Naito, the president of Nippon Yusen Kaisha (NYK), one…
Read More » -
Rickmers Maritime investors hit back with further legal action
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, is facing legal action from investors who want to force the ailing…
Read More » -
Korean boxlines urged to form new alliance
Pulse, a business news site in South Korea, is reporting that Seoul is now looking at getting the nation’s smaller…
Read More » -
Bashundhara continues fleet buildup
Weekly broking reports have been filled this year with Bangladeshi companies picking up vintage Japanese built tonnage. This week is…
Read More » -
UK financial regulator approves Baltic Exchange sale
The UK’s Financial Conduct Authority (FCA) has approved Singapore Exchange’s $107m takeover of London’s Baltic Exchange allowing for the deal…
Read More » -
ABG Shipyard sale nears
India’s financially troubled ABG Shipyard is now in advanced talks with a Russian shipbuilder for the sale of its controlling…
Read More » -
Master of ‘death ship’ should be charged: ITF
The International Transport Workers’ Federation (ITF) has urged the Australian coroner investigating the series of deaths onboard the Japanese bulker…
Read More » -
Hanjin to axe 400 staff in South Korea
Hanjin Shipping will lay off about 400 land-based employees in South Korea as it fights for survival. The news follows…
Read More » -
Swissco finalises restructuring proposal
Singapore offshore operator Swissco Holdings appears to have finalised a restructuring plan to present to investors, calling an informal meeting…
Read More » -
Missing the decommissioning boat?
When recently watching an episode of Air Crash Investigation, the opening scenes made me ponder the state of affairs of…
Read More » -
Island Navigation takes LR product tanker from MOL
Island Navigation is making plenty of plays in the product tanker sector at the moment. The privately held bulk shipowning…
Read More » -
New Malaysian containerline launches
Malaysia has a new container carrier. BMS Line has entered the domestic trade between Peninsular Malaysia and East Malaysia, analysts…
Read More » -
Filipino owners hit out at 35-year-old ship phase-out plans
Shipowners in the Philippines are trying to torpedo a government initiative to ban ships over the age of 35 from…
Read More » -
Vinashin to offload entire stake in PV Shipyard
Vietnam’s Shipbuilding Industry Corporation (SBIC), previously Vinashin, will sell its entire 7.53% stake in PetroVietnam Marine Shipyard (PV Shipyard), as…
Read More » -
Perisai Petroleum Teknologi hit with demand notice from investors
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has been served a notice of demand by holders of its S$125m ($91.9m) notes…
Read More » -
Island Navigation revealed as buyer of NYK product tanker
Hong Kong’s Island Navigation has been revealed as the buyer of the Japanese MR product tanker . No price was…
Read More » -
In wake of Hanjin demise, Samsung Electronics eyes the Trans-Siberian
Samsung Electronics, stung by the sudden demise of compatriot Hanjin Shipping, has moved to diversify its supply chain tactics. The…
Read More » -
HMM in the mix for Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM) has come out and said it is likely to bid for the transpacific assets of troubled…
Read More » -
Troubled Ezra seeks waivers from bondholders
Singapore offshore firm Ezra Holdings sought today to ease its beleaguered financial position asking for waivers from bondholders on a…
Read More » -
Rickmers Group moves to separate itself from trust as D-day looms
Rickmers Group has moved to separate itself from Rickmers Trust Management just two weeks before investors vote to decide if…
Read More »