Asia
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Petronas denies report of cold feet over Canadian LNG terminal
Petronas on Friday reaffirmed its commitment to an $11bn LNG (liquefied natural gas) terminal project in the Canadian province of…
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VLCC timecharter rates hit a peak
US trader Koch Logistics this week fixed a VLCC tanker at the highest reported rate for a one-year timecharter seen…
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IRISL readies slew of vessel orders, looking at boxline JVs
Mohammad Saeidi, chairman of Islamic Republic of Iran Shipping Lines (IRISL), has told Splash of his company’s massive fleet expansion…
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India axes tax on bunkers for coastal container shipping
India has removed customs and excise duty on bunker fuels for India-flagged vessels in coastal and domestic trades in an…
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MISC looking at VLCCs and FPSOs
Malaysia’s top shipping line MISC is in the market for secondhand crude tankers, so long as they can be backed…
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More losses on the cards at DSME
More unexpected losses at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) cannot be ruled out, its lead creditor warned…
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Four Vanguard FPSO deal complete
Following the previous announcement reported in July, Italian shipping company Premuda has announced that the indirectly controlled company, Four Vanguard…
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TH Heavy Engineering appoints new chairman
Offshore fabrication yard TH Heavy Engineering has appointed Johan Abdullah, the deputy managing director and chief executive officer of Lembaga…
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Dispute follows bulk carrier that hit a North Korean fishing vessel
A South Korean bulk carrier collided with a North Korean fishing vessel on October 1, but did not feel it…
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US authorities indict trio of Japanese former shipping executives in price-fixing conspiracy case
The US Department of Justice on Tuesday indicted three former executives of Japanese shipping lines NYK and K-Line for their…
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HMM readies bonds in urgent liquidity drive
Korean shipping lines are going all out to drive up liquidity at the moment, reshaping the cores of many famous…
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IMC scores Japanese financing
Singapore-based shipping line IMC has tapped the Japan Bank for International Cooperation (JBIC) and others in Japan for $120m in…
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Hydrographic survey underway around Malacca
A hydrographic survey of the Straits of Malacca and Singapore (SOMS) has been launched by the three littoral states –…
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Laugfs Maritime buys second LPG carrier
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has bought its second LPG carrier. The 3,500 cu…
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Daiichi Chuo rehabilitation process gets underway
Yesterday saw a Japanese court give Daiichi Chuo Kisen Kaisha the go ahead to start its rehabilitation process. The bulker…
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Malaysian authorities seize vessels suspected of oil smuggling
The Malaysian Maritime Enforcement Agency (MMEA) seized two ships suspected of illegal transfer of oil and another for docking without…
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ICTSI slashes expansion plans
Manila-based International Container Terminal Services Inc (ICTSI) has slashed this year’s capex by half amid slowing economic growth. ICTSI chairman…
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Perisai delays jackup rig at Sembcorp Marine’s PPL Shipyard
Malaysia’s Perisai Petroleum Teknologi has delayed delivery of a jackup rig it has on order at Singapore’s PPL Shipyard, part…
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Hyundai Glovis wins $500m COA from Qatar
Qatar Primary Materials Co (QPMC) has contracted Hyundai Glovis to carry 50m tons of aggregates from the UAE and Oman…
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MOL’s Uruguayan FSRU project still intact
Mitsui OSK Lines (MOL) has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company…
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