Asia
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India to procure ice-breaking polar research vessel
Vasco-da-Gama (Goa): India’s scientific expeditions in the polar region will get a boost with the Ministry of Earth Sciences deciding…
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SK Shipping in the running for HMM’s bulkers
Seoul: Cash strapped Hyundai Merchant Marine (HMM) is willing to hear offers for its dry bulk division. The Seoul Economic…
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Shreyas to take fleet into double-digit territory
Mumbai: The board of Shreyas Shipping & Logistics, the Indian container feeder operator, has approved a plan to acquire four…
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Tan wins boardroom battle at Tanjung Offshore
Kuala Lumpur: In a surprise U-turn the faction led by Tan Kean Soon appears to have won the two-month long…
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Indian banks, fearing OFAC backlash, shy away from transactions involving Iranian ports
Mumbai: Indian banks have started declining exporters’ requests to process transactions requiring Iranian port services, fearing action from the Office of…
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Scomi Energy Services cancels rights issue
Kuala Lumpur: Scomi Energy Services has cancelled a proposed rights issue of convertible five-year bonds worth up to RM140.5m. The…
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Shina SB skirts with bankruptcy
Seoul: Shina SB will decide whether to continue under court receivership or declare bankruptcy this week. The yard entered a…
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BW LPG hands back Maersk tanker
Singapore: BW LPG has re-delivered the VLGC Gas Capricorn. The vessel was under a charter-in acquired from AP Moller-Maersk in…
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New Delhi increases number of gateways for import of new vehicles
New Delhi: In a move that would help in reducing pressure on ports and transaction costs of companies, the Indian…
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New legislation planned to replace old laws on ports
New Delhi: The Indian government is working on new legislation to replace outdated laws relating to ports, as part of…
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Transparency International urges Tanjung Offshore to conduct audit
Kuala Lumpur: Transparency International, the global coalition against corruption, has urged Tanjung Offshore to conduct a forensic audit in order…
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Bulk carrier and boxship attacked along Strait of Malacca
Singapore: The regional body fighting piracy ReCAAP has reported two incidents that are different to the normal targets in Southeast…
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New Cebu port planned
Manila: A feasibility study is underway to establish the best place to locate a new port on the island of…
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Sime Darby and MMHE head for arbitration over disputed yard sale
Kuala Lumpur: Malaysian conglomerate Sime Darby and shipyard group Malaysia Marine and Heavy Engineering have gone into arbitration over a…
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Vietnam to investigate legality of carrier surcharges
Hanoi: Vietnam’s ministries of finance, transport, and industry and trade have said this week that they will review all surcharges…
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India to build five mega reserves of crude oil
New Delhi: The Indian government is expected to rope in private refiners and state firms from West Asia to build…
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New Delhi to request Dhaka for use of Chittagong port for grain transportation
New Delhi: The Indian Food Ministry, which has been concerned with the absence of adequate infrastructure at Ashuganj port on…
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Capesizes go into lay-up in Asia
London: Brokers in Singapore estimate that “six or seven” capesize bulk carriers have gone into hot lay-up, according to reports.…
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Cochin Shipyard signs LNG technology transfer deal with Samsung Heavy
Cochin: Government owned Cochin Shipyard has become the second Indian shipbuilder to seal a transfer of technology deal with a…
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Impounded Russian vessel released after payment of bond
Mumbai: A Russian cargo vessel, which had been detained by the Indian Coast Guard in the wake of a directive…
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