Asia
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Bumi Armada Caspian settles with SEA
Bumi Armada Caspian (BAC), part of Malaysia’s Bumi Armada group, has signed a final settlement agreement for 3.2m Euro ($3.6m)…
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Norstar gets $32m facility to acquire LR1 product tanker pair
Singapore-based Norstar Shipping has secured a $32m senior secured credit facility from New York-headquartered CIT Maritime Finance to acquire two…
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Van Oord wins dredging contract at Taiwan’s largest port
Van Oord has won a 130m Euro ($144.5m) contract from Taiwan International Ports Corporation (TIPC) for dredging at Kaohsiung Intercontinental…
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Barakah Offshore and Ocean Installer to collaborate in Malaysia
Malaysia’s Barakah Offshore Petroleum, via subsidiary PBJV, and Norwegian subsea service provider Ocean Installer have signed a collaboration agreement to…
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New Delhi relaxes cabotage laws for certain ship types
Foreign car carrier operators can now operate in Indian waters, according to local media source, Livemint. New Delhi has changed…
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Great Eastern Shipping sells newbuild bulker
India’s Great Eastern Shipping has signed a contract to sell newbuilding kamsarmax bulk carrier Jag Aakash (81,600dwt), which is currently…
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Precious Shipping: Fleet renewal plans thwarted by poor Chinese construction
Bangkok: Plans by Thailand’s Precious Shipping to be ahead of the curve when it comes to having a young eco-fleet…
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Record year for Southeast Asian ship hijackings
This year looks like being a tragic record one for ship hijackings in Southeast Asia. “High demand for illicit oil,…
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Singapore transport minister Lui Tuck Yew to step down
Singapore’s transport minister and former chief executive of the Maritime and Port Authority (MPA), Lui Tuck Yew, has shocked the…
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Keppel grabs FPSO conversion contract
Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well…
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Under fire Noble to slash 16% of workforce
Under fire commodity trader Noble Group looked to reassure investors by bringing out its Q2 results a few days early…
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Vietnam cracks down on boxline surcharges
Hanoi is trying to take control of surcharges put in place by containerlines calling at Vietnam. The finance ministry concluded…
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Singapore oil tanker found after hijacking
A Singapore-registered oil tanker MT Joaquim, which was reported missing in the Malacca Strait off Malaysia on Saturday, has been…
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J Lauritzen sells its last capesize vessel
Denmark’s J Lauritzen has sold its last capesize vessels, marking its exit from the market. Today, brokers say Lauritzen has sold…
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GAIL tipped to have picked Hyundai Heavy for 9 LNG carriers
Hyundai Heavy Industries is being tipped in both Korean and Indian media circles as the winner of a very lucrative…
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Bunker supplier linked to OW fraud scandal declared bankrupt
What used to be one of Singapore’s largest bunker suppliers, Tankoil Marine Services, is bankrupt, according to Danish media reports.…
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EMGS wins Malaysia data acquisition contract
Norwegian offshore survey vessel operator Electromagnetic Geoservices (EMGS) has been awarded a contract from an unnamed oil company for 3D…
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Swiber wins $80m pipeline project in Latin America
Singapore offshore service provider Swiber has announced that it has received a letter of intent from an unnamed global energy…
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Alam Maritime OSV chartered to Allianz in the UAE
UAE-based marine contractor Allianz Middle East Ship Management has timechartered a safety standby rescue vessel from Workboat International DMCCO, part of…
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SBI Offshore acquires solar power assets
Singapore’s SBI Offshore has announced that it will acquire a 51% stake in four solar photovoltaic power plants and systems,…
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