Asia
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STX Offshore & Shipbuilding on the brink
STX Offshore & Shipbuilding is on the verge of liquidation unless a large amount of money can be pumped into…
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Splash publishes definitive maritime guide to Singapore
High local costs and limited human resources remain the two largest sources of complaints for those involved in shipping in…
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South Korea to check profitability of all ship orders
The South Korean government has announced that the state-run financial institutions will commence profitability checks on shipbuilding orders and large…
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Pioneer Marine rejigs orderbook amid falling bulker prices
Arguably Singapore’s fastest growing shipowner Pioneer Marine has made big changes to its orderbook to make the most of opportunities…
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Iceland’s president calls for coordinated Arctic port development
Singapore, where average daily temperatures hover around 30 degrees Celsius, does seem to be on a quest to fill out…
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Direct Search Asia: HR issues in Singapore
Singapore: Recruitment firm Direct Search Asia is now very firmly hitting its stride. Founded last year by Jason Tay, who…
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Mittals fight for control of Singapore subsidiary
Mercator Lines (Singapore) has moved to suspend its stock from trading in the Lion Republic as Germany’s HSH Norbank applies…
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Four SSY brokers quit in Singapore to form own firm
Four S&P shipbrokers have quit Simpson Spence & Young in Singapore to form their own broking outfit called Avalon Shipbrokers.…
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Ardmore sells small chemical pair for $38.5m
Ardmore Shipping has sold two 17,600 dwt five-year-old chemical tankers – and Ardmore Capella – for a total of $38.5m…
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NYK and Astomos sign for twelfth VLGC
Nippon Yusen Kaisha (NYK) has concluded another time-charter contract for a new VLGC with Astomos Energy Corporation, the giant Japanese…
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Liner heavyweights enter the ring for NOL crown
One thing we can say about Neptune Orient Lines’ (NOL) likely winning suitor is they have blue hulls. My take…
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Navigator orders midsize LPG carrier at Hyundai Mipo
Navigator Holdings has announced today that it has entered into a contract with Korea’s Hyundai Mipo Shipyard for the construction…
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Dredging sought around Ho Chi Minh City
The congested waterways around Ho Chi Minh City are set for an upgrade. Local authorities have asked central government for…
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MISC denies Bumi Armada tie-up
MISC, the shipping arm of energy giant, Petronas, has come out with a release on the local stock exchange denying…
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Japanese yards turning down bulker orders
Japanese shipyards, in the fortuitous position of having lengthy orderbooks, are increasingly refusing to take dry bulk orders. “They’re holding…
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Another fire at DSME kills one, injures seven
A fire broke out at Daewoo Shipbuilding & Marine Engineering’s Okpo Shipyard today, which has killed one worker. Another seven…
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Seoul denies it its trying to force Hanjin and HMM to merge
Following a local media report this morning that the government is set to discuss the merger of the nation’s top…
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Adani buys Kattupalli Port
In a deal between two of India’s larger conglomerates a port on the nation’s east coast has changed hands. The…
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Vitol completes buyout of oil terminal jv
Vitol has bought out its partner MISC’s 50% stake in the energy terminal network VTTI for $830m. VTTI’s assets include…
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Mooted Malaysian FPSO merger would create giant
Local media in Malaysia is reporting state energy giant Petronas is pushing consolidation in the FPSO sector to create a…
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