Asia
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Varun Shipping clarifies stance on investor grievances
Mumbai: Beleaguered Indian shipowner Varun Shipping has written to stock market regulator Securities & Exchange Board of India (SEBI), clarifying…
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BW LPG takes 25-year-old VLGC for $8m
Singapore: BW LPG, the world’s largest VLGC operator, is paying $8m in exercising a purchase option for the Berge Summit.…
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Manila takes steps to avoid repeat of port congestion saga
Manila: Anxious not to see a repeat of last year’s port congestion in the capital, the Philippine government has moved…
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Varun Shipping faces SEBI ban over investor complaints
Mumbai: Stock market regulator Securities & Exchange Board of India (SEBI) has hit Varun Shipping with a notice of a…
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Zycraft: ‘The threat of terrorism at sea is not far off’
Singapore: Piracy in Southeast Asia shows no sign of abating and unmanned surface vessels could have a role to play…
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Jindal Steel to buy 10 mini-bulkers from Bangladesh
Chittagong: India’s Jindal Steel has placed a 4.8bn Bangladeshi Taka ($61.3m) order for 10 new mini bulk carriers with Bangladesh’s…
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Ambiguous licensing rules prevent expansion of Indian fleet
New Delhi: Indian shipowners have been unable to expand their fleets, even in the wake of the modified tonnage tax…
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Caramin Petroeum, Makamin Offshore and Petro Allied in three-way hook-up
Kuala Lumpur: Malaysian oil and gas engineering specialist, Caramin Petroleum, has announced that subsidiary Caramin Engineering Services has entered into…
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Icon Offshore CEO and COO released by anti-corruption investigators
Kuala Lumpur: Icon Offshore has said in a statement on Bursa Malaysia that Dr Jamal Yusof and Rahman Yusof have been released…
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Adani seek huge government grant for building Vizhinjam port
Thiruvananthapuram: Ahmedabad-based Adani Ports and Special Economic Zone Ltd (APSEZ), was the only one of five pre-qualified port operators to…
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Berlian Laju agrees to offload 27 ships
Jakarta: Indonesia’s struggling Berlian Laju Tanker has agreed to transfer 27 of its 39-strong fleet to a new entity controlled…
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HMM cancels newcastlemax pair
Seoul: Amid the protracted dry bulk downturn South Korea’s Hyundai Merchant Marine has decided to cancel an order for two…
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Hiranandanis to set up floating LNG terminal in West Bengal
Mumbai: Real estate developer Hiranandani Group has decided to diversify into import and distribution of liquefied natural gas (LNG), and…
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Cochin Shipyard looks to set up shipbuilding unit in Kandla
Cochin: Cochin Shipyard Ltd (CSL) is exploring avenues for establishing a shipyard at Tuna Kandla port, in Gujarat. The Indian…
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Cabinet nod for India-Jordan maritime shipping pact
New Delhi: The Indian cabinet, chaired by Prime Minister Narendra Modi, has given the green light to a proposal to…
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Siem Offshore finally completes subsea vessel sale to Daya Materials
Oslo: Siem Offshore has announced today that it has agreed a deal with Malaysia’s Day Materials to sell DP2 offshore…
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MISC dismisses AET sale rumours
London: Malaysia’s state-owned shipping company MISC has dismissed rumours that it plans to sell its AET, its petroleum tanker subsidiary. “In…
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Masterbulk closes shipmanagement divison, seeks third party manager for its own fleet
Singapore: A sea change in direction for Masterbulk, the Singapore offshoot of Westfal-Larsen Shipping, has seen it axe early plans…
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Sea Asia delegates told not to worry about financing: ‘There’s plenty of funds available’
Singapore: The current climate for ship financing is warming up, and there is sufficient funds in the market, delegates were…
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Icon Offshore under investigation by local anti-corruption taskforce
Kuala Lumpur: The Malaysian Anti-Corruption Commission is taking Icon Offshore to task. The OSV operator, which listed in Kuala Lumpur…
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