Asia
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Korea Shipowners’ Association weighs in on Hanjin Shipping losses
This is the week where Hanjin Shipping will find out if it has done enough to avoid court receivership with…
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Swiber claims approach $200m
Singapore offshore operator Swiber, which sought judicial management last month having earlier announced its liquidation, has said that further claims…
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STX Offshore & Shipbuilding to slash a third of its workforce
STX Offshore & Shipbuilding will shed a third of its workforce and sell its cruise shipbuilding subsidiary in France. Officials…
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Waruna Group takes TCC aframax
The Waruna Group from Indonesia has been revealed by Splash as the buyer of the aframax from Hong Kong’s Tai…
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Taxman gives SK Shipping an extra $3.7m bill
South Korea’s National Tax Service has hit SK Shipping and its Singapore-based subsidiary for an extra tax bill worth KRW42bn…
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Survey highlights huge debts carried by Singapore-listed offshore firms
A survey carried by Singapore’s Business Times shows the precarious financial state of many of Singapore’s offshore listed firms. In…
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India on track to be the world’s largest oil consumer
Few people fully appreciate just how fast India is growing. Paul French explains. India is now the fastest growing significant…
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Doora goes Kangnam style with product tanker order
Kangnam Corporation, a Korean shipyard that traditionally has focused on military vessel construction, has won its first product carrier order.…
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Seaspan relents in charter negotiations with Hanjin Shipping
Hanjin Shipping has announced major progress in negotiations with tonnage providers and lenders, suggesting it will survive the September 4…
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Barakah Offshore Petroleum secures Petronas contract
Barakah Offshore Petroleum has announced that subsidiary, PBJV Group, has received a letter of award from Petronas for the provision…
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Latest Splash Chat live Q&A casts a long, dark shadow over offshore
Offshore analysts, brokers, bankers, consultants and owners convened yesterday for the second ever live Q&A on Splash Chat, our new…
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Miclyn Express Offshore: Top 10 goal
One of the best-known names in Asian OSV circles is today’s Maritime CEO interviewee. Venkatraman Sheshashayee (better known simply as…
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Suezmax spot rates rebound from historic lows
Suexmax spot rates continued their upward trend today after hitting all-time lows during the past two weeks in what appears…
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Seaspan raises $80m in public offering
Seaspan has raised gross proceeds of $80m in a public offering, which it said may be used to buy a…
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Hanjin Shipping makes key creditor deadline
A spokesperson for Hanjin Shipping has confirmed to Splash that the line is submitting to lead creditor the Korea Development…
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Baltic shareholders support SGX takeover
Just a rubber stamp approval from the UK’s financial regulator now stands in the way of the Singapore Exchange (SGX)…
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Vier Harmoni found by Indonesian navy
Indonesia’s navy has announced that it has located a product tanker which disappeared last week, taken by its crew after…
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Nobu Su questions ‘unauthorised’ payments to JPMorgan Chase
Today Makes Tomorrow (TMT) has written to JPMorgan Chase Bank to question two remittances of $5.25m in total, which TMT…
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Japanese owners dominate dry bulk sales
Data provided exclusively by online pricing platform VesselsValue.com shows just how dramatically Japanese owners have been shedding dry bulk tonnage…
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Maersk Supply sells two anchor handlers to Karadeniz
Maersk Supply has sold two of its anchor handling tug supply (AHTS) vessels to Karadeniz of Turkey. The sale price…
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