Asia
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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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Parsan Energi takes LPG carrier for $12.5m
Turkey’s Parsan Energi has taken the 7,396 cu m LPG carrier from Singapore-based MH Progress Line for $12.5m. The ship…
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Seoul rallies to push HMM up the rankings with massive buying blitz
The South Korean government will do all it can to push Hyundai Merchant Marine (HMM) up the container rankings –…
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Gadani tanker fire death toll climbs
The death toll has climbed to 18 following yesterday’s massive explosion on a beached tanker at the Gadani ship recycling…
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Pacific Radiance wins $73m Mexican charter
Singapore OSV owner Pacific Radiance has won a long term charter for a maintenance work boat worth $73 million including…
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Myanmar offshore supply base debacle or miracle in waiting?
In a recent briefing regarding the development of an offshore supply base conducted by Asia Pacific Connex, there was much…
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Analysts welcome Japanese box merger and ponder who’s next in consolidation wave
Shipping analysts have applauded the move from Japan’s big three lines to merge their container divisions, while musing who will…
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At least 10 workers killed as fire rips through beached tanker at Gadani
A giant fire engulfed a beached tanker today killing at least ten workers at the Gadani shipbreaking area in Pakistan…
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SGX reprimands Swiber
Having only obliquely referenced the company before the Singapore Exchange (SGX) finally came out and lashed Swiber Holdings yesterday. Singapore-listed…
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Singapore government mulls aid for ailing offshore sector
Singapore’s minister for trade and industry has hinted the government might help out the city-state’s ailing marine and offshore engineering…
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Kidnapping crews proves alarmingly lucrative for Abu Sayyaf
Kidnapping seafarers is proving alarmingly lucrative for Philippine terrorist group Abu Sayyaf. Newswire Associated Press reports that the Islamist group…
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NYK offloads ore carrier
Nippon Yusen Kaisha (NYK) has offloaded a 12-year-old ore carrier to Samos Steamship. Samos is paying in the high $12ms…
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NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
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BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
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Rickmers Maritime’s restructuring gets the nod
Rickmers Trust Management, the trustee-manager of troubled Singapore-listed Rickmers Maritime, has revealed that unitholders attending an extraordinary general meeting have…
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Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
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Prices for Japanese panamax bulkers continue to improve
A ten-year-old Sasebo-built panamax bulker has been bought by Zihni Shipping for a price Clarksons Research lists in the high…
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Ezra delays results as it counts the cost of Perisai default
In a move which is likely to spook investors, Singapore’s Ezra Holdings has applied to the Singapore Exchange for an…
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HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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