Asia
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Shipping danger: The US pivot to Asia
Clearly the maritime shipping business will begin to pull out of its depression if the world economy begins a strong…
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Handy specialist Tan Binh in for another
Brokers link Tan Binh Shipping to the purchase of the Japanese-controlled, 32,000 dwt , its second handy acquisition of the…
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CMES capesize fixed on timecharter, more optimism in spot market
China Merchants Energy Shipping has reportedly fixed one of its capesize bulk carriers on a five- to eight-month timecharter while…
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Welcome to the Hanjin California
Frazer Hunt, a partner at Australian law firm Mills Oakley, taps The Eagles in charting the chaos sparked by the…
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Short-term pain, long-term rationalisation: Hanjin focus of Marine Money discussions
The collapse of Hanjin Shipping has brought short-term pain for all carriers, but further down the line the sector’s largest…
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Hanjin Shipping to return all chartered tonnage
Leading tonnage providers are set to take a $1.2bn hit to their bottom lines with a judge in Seoul ruling…
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Buy cheap tonnage now, pay back debts later: Marine Money Singapore
Now is the time to buy cheap ships, and then pay off debts when the good times return, a panel…
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Navig8 selects Hyundai Mipo for STX replacement orders
Brokers report Navig8 Chemical Tankers has got South Korea’s Hyundai Mipo Dockyard to build a series of ships. The deal…
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Otto Marine takeover complete, to delist from SGX next week
RHB Securities Singapore has announced that it has, for and on behalf of Ocean International Capital, received valid acceptance for…
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Post-Hanjin, there’s a need for a global container rescue fund
The demise of Hanjin has come as a surprise to many market participants. Mostly, because the signals given by banks…
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Dae Sun wins chemical tanker order
South Korea’s Dae Sun Shipbuilding & Engineering has won an order to build a 3,500 dwt stainless steel chemical tanker…
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Angelicoussis cape fixed on timecharter as spot rates climb
Angelicoussis-led Anangel Maritime has fixed one of its capesize bulk carriers on a four- to eight-month timecharter while rates in…
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Precious sells another bulk carrier
Precious Shipping has sold another bulk carrier to an unnamed buyer at a price of $2.35m as part of its…
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DSME wins NASSCO design contract
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has won a $120m deal from an American shipyard to design two…
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Charterers to take $1.2bn hit as Hanjin pushes plans to become an intra-Asia operator
Hanjin Shipping is trying to reposition itself as a small intra-Asia player if it gets the nod to survive from…
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Swiber defaults on notes again as claims soar past $230m
Singapore offshore operator Swiber Holdings, which sought judicial management last month having earlier announced its liquidation, has said it is…
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BW LPG builds Aurora stake
BW LPG has continued its steady buildup in the stakeholding of rival Aurora LPG. On Friday, BW LPG came in…
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Bangladesh owner in fleet renewal mode
Bangladeshi commodity conglomerate Meghna Group has added its second ship in a few months, brokers note. They tell Splash the…
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Dyna-Mac ex-employee accused of stealing S$1m
Singapore-listed Dyna-Mac Holdings Ltd on Sunday said it has filed a police report in relation to suspected criminal conduct involving…
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Chang Myung sells another capesize, ER Schiffahrt sales rumoured too
The week has closed with another capesize being sold, and negotiations for three more sales are ongoing, brokers tell Splash.…
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