Asia
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Honda teams with Giga Shipping in East Malaysia
Kuala Lumpur: Japanese automaker Honda has established new logistics hubs in Kota Kinabalu, Sabah and Kuching in an effort to…
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Fire breaks out on Indian OSV
Mumbai: A serious fire broke out on an OSV owned by Indian oil giant OGNC on Sunday afternoon. The accident…
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NOL completes sale of APL Logistics to Kintetsu World Express
Athens: After many months in the making, Kintetsu World Express has completed its acquisition of APL Logistics from Neptune Orient Lines…
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Korean bank looks at selling SPP to overseas yard
Seoul: Woori Bank, the main creditor of financially troubled SPP Shipbuilding, is looking at the possibility of a non-Korean yard…
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ICTSI acquires Mexican port operator
Manila: International Container Terminal Services (ICTSI), the Philippines’ largest port operator, has announced that it has acquired Mexico-based container terminal…
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Asia Offshore Drilling reduces Saudi Aramco jackup rig rates by 10%
Singapore: Asia Offshore Drilling, owned by Seadrill and Thailand’s Mermaid Maritime, has reached an agreement with Saudi Aramco to reduce…
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Gazprom to use its own rigs in the Sea of Okhotsk
Moscow: The Polyarnaya Zvezda and Severnoye Siyaniye semi-submersible drilling rigs of Gazprom Flot are ready for this year’s drilling season,…
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Foul play deemed likely on Japanese ‘death ship’, court told
Sydney: Foul play was most likely on a vessel dubbed “the death ship”, a court in Australia was told. The…
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MISC allocates $1bn for LNG and offshore sector this year
Kuala Lumpur: Malaysian energy giant Petronas’ shipping arm MISC has allocated $1bn for capital expenditure (capex) in 2015, up 43%…
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Reliance-BP in race for Mumbai LNG terminal
Mumbai: India Gas Solutions, a 50:50 partnership between Mukesh Ambani’s Reliance Industries and BP, is in a four-cornered contest to…
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Naveen Jindal on tenterhooks in coal mine scam
New Delhi: On Monday, June 1, industrialist-politician Naveen Jindal will get to know whether he will have to exchange his…
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NYK and Stolt’s JV exercises parcel options in Japan
Tokyo: A joint venture between Nippon Yusen Kaisha (NYK) and Stolt-Nielsen has exercised options for two more parcel tankers in…
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Tsuneishi invests in Indonesia
Tokyo: Japanese shipbuilder Tsuneishi Holdings plans to invest $40m to run a shiprepair business in Indonesia, and will subsequently consider…
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Tugboat sinks near Busan port, two dead
Seoul: Two crew members died, when their tugboat sank in waters off the port of Busan, Korea. The accident occurred…
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CNPC proposes LNG terminal in Myanmar
Shanghai: Myanmar’s Ministry of Energy is considering its options for imported fuel including LNG to supply the domestic market, Myanmar…
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Indian govt shoots down Cairn India’s crude oil export proposal
New Delhi: India’s Petroleum ministry has shot down a proposal from Cairn India to export crude oil from its Barmer…
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Japanese banks to support India’s coal-based power plants
Mumbai: Dry bulk shipping, by way of coking and thermal coal imports into power-starved India, will receive a much-needed fillip…
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Greatship boss warns of ‘offshore bloodbath’
Mumbai: Greatship Ltd, the offshore subsidiary of India’s largest private sector shipowner Great Eastern Shipping, has started active marketing for…
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SK Shipping seafarer dies
Sydney: A seafarer is presumed dead having fallen overboard the Korean controlled K Pride (149,394 dwt; built 1992) on May…
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Thoresen Thai selling two rigs in diversification drive
Bangkok: Thoresen Thai Agencies is looking to further diversify away from shipping and offshore. Top management at the company, which…
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