Asia
-
Prosafe gets $30m credit on final accommodation rig payment
Jurong Shipyard has given Prosafe $30m in seller’s credit on the final payment for its accommodation rig , which is…
Read More » -
Mercator quits dry bulk
Mercator Lines (Singapore) (MLS) is exiting dry bulk. The Singapore-listed arm of the Indian owner outlined plans to divest itself…
Read More » -
India to launch local P&I Club
An Indian P&I Club is on the cards as part of New Delhi’s ‘Made in India’ drive. The government is…
Read More » -
Lionel Lee share sale draws ire from Ezra investors
Ezra Holdings investors are up in arms after the company revealed on Friday afternoon that CEO Lionel Lee had offloaded…
Read More » -
SPP allowed to issue refund guarantees after 18-month hiatus
SPP Shipbuilding, which is likely to be sold soon, has celebrated a landmark moment in its rehabilitation. For the first…
Read More » -
Taiwan International Ports Corporation plans Subic Bay Freeport investment
Taiwan International Ports Corporation (TIPC) has showed its interest to invest in Subic Bay Freeport in the Philippines. “Subic is…
Read More » -
Change of direction for Sri Lanka Shipping
Sri Lanka Shipping Co has outlined a new business strategy ditching bunkering and port agency businesses in favour of other…
Read More » -
Seadrill delays drillship pair at DSME
John Fredriksen’s Seadrill has come to an agreement with Korean yard DSME to defer the delivery of two ultra-deepwater drillships.…
Read More » -
Creditors back Hanjin Heavy
The creditors of Hanjin Heavy Industries & Construction (HHIC) have agreed to give the Korean yard some breathing space to…
Read More » -
Just one bidder comes in for SPP
Samla Midas Group (SM Group), the parent of Korea Line Corp, has emerged as the sole bidder for financially struggling…
Read More » -
Vietnam orders Vinalines to divest from ports
Vietnamese Prime Minister Nguyen Tan Dung has told Vietnam National Shipping Lines (Vinalines) to divest entirely from nine ports and…
Read More » -
Indian yards receive government boost
New Delhi is adding further support to India’s shipyards. The nation’s shipbuilders and ship recyclers have been granted infrastructure status…
Read More » -
Global United pounces for suezmax
Global United Shipping, the fast growing Indian joint venture between Japan’s Nissen Kaiun and Mumbai-based Synergy Maritime, has snapped up…
Read More » -
SapuraKencana Petroleum wins new jobs worth $117m
SapuraKencana Petroleum’s subsidiaries have been awarded three new contracts and one extension with a combined value of around $117m (RM503m),…
Read More » -
Maritime CEO Forum set for March 15 in Singapore
Today marks the official launch of the Maritime CEO Forum. To be held at the Fullerton Hotel in Singapore on…
Read More » -
Workers at Cochin Shipyard threaten strike action over IPO
Workers at Cochin Shipyard in India are unhappy over a proposed IPO which would see India’s government sell its entire…
Read More » -
Andreas Sohmen-Pao is Singapore Maritime Foundation’s new chairman
The Singapore Maritime Foundation (SMF) inaugurated Andreas Sohmen-Pao, CEO of BW Group, as its new chairman at its annual New…
Read More » -
Singapore slashes port dues for container vessels
Acknowledging “challenging times” Khaw Boon Wan, Singapore’s minister for transport, has announced cuts in port dues for containerlines calling at…
Read More » -
Plight of jailed Seaman Guard Ohio crew draws ire
Ukranian, Estonian and British authorities have all intimated they will appeal the ruling this week handed out by a court…
Read More » -
Three ST Marine employees charged with plundering $4.5m
Three ex-Singapore Technologies (ST) Marine executives previously charged with corruption appeared in court today facing a total of 1,744 additional…
Read More »