Asia
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Vinalines looks to offload port stakes
Vietnamese state-run shipping line Vinalines is trying to offload its stakes in two ports it runs with foreign firms, as…
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Icon Offshore appoints Petronas executive as managing director
Malaysian offshore service provider Icon Offshore, has announced that it has appointed Amir Hamzah Azizan as the new managing director…
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Hanjin ‘reviewing’ sale of its stake in H-Line
Hanjin Shipping says it is “reviewing” the sale of its 22.2% stake in H-Line, which it hopes could raise up…
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Astomos Energy orders another VLGC at Mitsubishi
Mitsubishi Heavy Industries (MHI) is to build an 83,000-cbm LPG carrier for Astomos Energy Corporation, a Japanese LPG importer that…
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Korea’s big three yards brace for more hits to their $66bn offshore backlog
The huge offshore gamble that South Korea’s big three shipbuilders embarked upon around a decade ago has come back to…
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Bookbuilding for BW Pacific’s $250m IPO underway
BW Pacific has started marketing its IPO on the Oslo Stock Exchange. The shares will carry the ticker BWP when…
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KSS adds another VLGC
KSS Line has gone to Hyundai Heavy Industries (HHI) for an 84,000 cu m VLGC, paying $77m for the ship…
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Sona Petroleum acquires full interest in Australian oilfield
Malaysia’s Sona Petroleum has announced that its subsidiary, Sona E&P (Perth), has entered into an agreement with Quadrant Northwest and…
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Vessel capsizes near HCM City, 3 feared dead
At least three people are thought to have died when a Vietnamese vessel, Hoang Phuc 18, capsized off Ho Chi…
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Call to move shipping lane further south from Sri Lanka to save whales falls on deaf ears
Efforts by a non-government organisation (NGO) to get containerlines to slow down when transiting south Sri Lanka and to transit…
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Otto’s president of shipping becomes CEO of Go Marine
Garrick James Stanley, president of shipping and chartering for Singapore-listed Otto Marine, will become CEO of the Go Marine group…
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APL boxship allides with gantry crane at Port Said
The ultra-large containership allided with a gantry crane and navy barge at Suez Canal Container Terminal (SCCT) in Port Said…
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Daiichi Chuo link sends MOL into the red
Mitsui OSK Lines (MOL), Japan’s largest shipping line, was plunged into the red in interim results out today thanks to…
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Samsung Heavy cancels plans for a Southeast Asian yard
Amid straitened times on home soil Korean mega yard Samsung Heavy Industries (SHI) has canned long held plans to open…
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HMM denies Hanjin merger talk
Hyundai Merchant Marine yesterday issued a statement to the Korea Exchange dismissing reports that it would merge with fellow Korean…
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Samsung Heavy rocked by another drillship cancellation
In another hammer blow to a Korean mega yard Pacific Drilling has torn up the contract for the ultra-deepwater drillship…
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Romeo behind modern handysize bulker buy
The handysize bulk carrier named owned by Shikishima Kisen of Japan will change hands in the near future. Sources close…
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KDB keen to offload DSME majority stake
Korea Development Bank (KDB), Daewoo Shipbuilding & Marine Engineering’s (DSME) main creditor, is looking to offload its controlling stake in…
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NYK Line takes full control of its Vietnam subsidiary
NYK Line has announced that it has purchased the 49% equity shares in NYK Line (Vietnam) from its local joint…
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Petronas hires jack-up rig from UMW Offshore Drilling
Malaysia’s UMW Offshore Drilling is to provide one of its jack-up drilling rigs to Petronas Carigali for up to eight…
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