Asia
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Daewoo International CEO quits over Myanmar gas sale row
Dalian: Jeon Byeong-eal, ceo of Korean steelmaker POSCO’s trading subsidiary Daewoo International, has resigned from his position following a conflict with…
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Malaysia’s Kuantan Port gets new private operator
Kuala Lumpur: The Malaysian government has granted Kuantan Port Consortium, in which Road Builder (M) Holdings has 60% ownership, a…
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ST Shipping fixes five DPP tankers in floating storage coup
Athens: Singapore-based ST Shipping, part of commodity trader Glencore, has reportedly fixed five dirty petroleum products (DPP) tankers on short-term period…
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Malaysia Marine and Heavy Engineering secures four contracts worth $86m
Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced that subsidiary, Malaysia Marine and Heavy Engineering (MMHE),…
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Mercator fixes kamsarmax to Clearlake
Athens: Gunvor subsidiary Clearlake (Singapore) has timechartered a kamsarmax owned by Mercator Lines’ Singapore division for a 12- to 16-month…
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Missing LPG tanker tracked down
Kuala Lumpur: An LPG tanker that went missing on June 10, with speculation that it might have been another victim…
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Manager of missing tanker denies MMEA claim it took 10 hours to report incident
Kuala Lumpur: The Malaysian Maritime Enforcement Agency (MMEA) has fired a broadside at Orkim Ship Management for taking 10 hours…
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Seven Oceans Consulting: The latest technology in the simplest of formats
Singapore: Captain Himanshu Joshi, the ceo of Singapore-based Seven Oceans Consulting, has set out his goals, and he clearly is…
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AET on the hunt for new boss
Kuala Lumpur: The president and CEO of Malaysia’s AET, Hor Weng Yew, is stepping down on July 1 to pursue…
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Ezra’s EMAS AMC scores North Sea subsea contracts
Singapore: Offshore service provider Ezra Holdings has announced that subsea division, EMAS AMC, has won global contracts values at over…
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Shipowner suffers second piracy attack in same area this month
Kuala Lumpur: A Malaysian firm, Magna Meridian, looks likely to have been hit by pirates twice within eight days. The…
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ABG Shipyard discussing selling a stake to Privinvest
Mumbai: The backers of financially troubled ABG Shipyard may sell a stake to Privinvest Holding, a filing to the Bombay Stock…
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Harim’s takeover of Pan Ocean cleared
Seoul: South Korean chicken farmer Harim Group will complete its purchase of local bulker giant Pan Ocean shortly after creditors…
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Varun Shipping resolves investor grievances
Mumbai: Indian shipowner Varun Shipping has resolved shareholder grievances to avoid a trading ban by the Securities and Exchange Board…
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Mitsubishi-led PE fund targets more boxships
Tokyo: Mitsubishi Corporation has announced the final close of MC Seamax Shipping Opportunities Fund, a private equity fund, which is…
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LPG carrier goes missing off Vietnam
Hanoi: Authorities in Southeast Asia are increasingly concerned about the disappearance of a small LPG tanker off Vietnam. The 1991-built,…
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New Delhi’s dredging commitment will see 12 ports capable of handling ultra large boxships
Mumbai: Long the Achilles’ Heel of Indian export goals, New Delhi is now taking action to fix draft issues at…
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MOL rebrands car carrier division
Tokyo: Mitsui OSK Lines (MOL) has rebranded its giant car carrier division as MOL Auto Carrier Express (MOL ACE). MOL’s…
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Otto scores $27m charter deal
Singapore: Offshore builder and operator Otto Marine has announced that subsidiary, Swordfish 1, has entered into a bareboat contract for…
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EMAS Offshore wins $30m contract in West Africa
Singapore: EMAS AMC, the subsea services division of Singapore-listed Ezra Holdings, is to charter four vessels from EMAS Offshore for…
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