Asia
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Pertamina switches tactics to save $100m in shipping costs
Jakarta: Indonesian state-run energy giant is looking to save up to $100m a year by switching its crude oil and…
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NOL’s APL Logistics forms North American rail JV
Singapore: Neptune Orient Lines’s wholly owned subsidiary, APL Logistics Transportation Management Services,, a Delaware limited liability company has entered into…
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Mumbai port invites bids for LNG storage, regasification unit
Mumbai: In order to meet the growing market demand for natural gas on India’s western coast, the Mumbai Port Trust…
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Two more bunker traders axed by MPA
Singapore: The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of…
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Masterbulk turns 20
Singapore: Yesterday saw shipowner Masterbulk celebrate its 20th anniversary. Founded in Singapore as the shipowning entity for the dry bulk…
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Tan turns whistleblower as Tanjung Offshore allegations escalate
Kuala Lumpur: In the ongoing tit-for-tat over allegations of corruption at Tanjung Offshore, one of the accused has hit back…
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Indian government eyes $2bn in foreign funds for ports expansion
Mumbai: The Indian government is planning to raise INR124bn ($2bn) in overseas funding for the expansion of the state-run 12 major…
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Falcon Energy’s offer for CH Offshore becomes unconditional
Singapore: Falcon Energy’s bid to take over all the shares of Singapore-listed CH Offshore has now turned unconditional, according to…
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Swiber scores EPCIC South Asia contract
Singapore: Offshore support services firm Swiber Holdings has secured an engineering, procurement, construction, installation and commissioning (EPCIC) contract from a…
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Sembcorp acquires stake in India renewable energy company
Singapore: Sembcorp Industries has announced that its wholly-owned subsidiary, Sembcorp Utilities, has signed agreements to acquire a 60% stake in…
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Tanjung Offshore saga continues as company lodges police report
Kuala Lumpur: Tanjung Offshore has announced today that it has lodged a police report against two directors of the company,…
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Vizhinjam port to get viability gap funding
Mumbai: India’s central government has cleared viability gap funding (VGF) for the long-delayed international port project and container transhipment terminal project…
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APSEZ commissions Kandla bulk cargo terminal
Mumbai: Adani Ports and Special Economic Zone (APSEZ), an arm of the diversified Ahmedabad-based Adani Group has announced the commissioning…
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Golden Ocean announces delisting from Singapore Stock Exchange
Singapore: Golden Ocean has made an announcement that the company will delist from the Singapore Stock Exchange on March 20,…
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Hibiscus Petroleum readies drilling operation offshore Australia
Kuala Lumpur: Hibiscus Petroleum has announced that its subsidiary, Carnarvon, has progressed the plan to commence drilling operations offshore Australia…
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Shipping ought to report all piracy incidents
Singapore: All incidents of maritime crime, however petty or even unsuccessful, ought to be reported to local authorities, the executive…
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Dyna-Mac wins Bumi Armada FPSO contract
Singapore: Dyna-Mac has secured a letter of award (LoA) with a preliminary sum of approximately S$60m for the construction of…
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Vietnamese shipbuilder invests in Myanmar jv
Hanoi: Vietnamese shipbuilder Dong A Shipbuilding Industry Joint Stock Company has signed an agreement with Myanmar’s state backed Myama Shipyard,…
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ExxonMobil notches up mass flow meter bunkering milestone
Singapore: ExxonMobile has said that is has now delivered more than two million metric tonnes of fuel using the Maritime…
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Anglo-Eastern boss predicts continued softness in dry bulk market
Kolkata: Sea freight for dry bulk cargo like coal and fertiliser is expected to remain soft for the next couple…
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