Singapore
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Asia
Otto Marine takeover complete, to delist from SGX next week
RHB Securities Singapore has announced that it has, for and on behalf of Ocean International Capital, received valid acceptance for…
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Asia
Swiber defaults on notes again as claims soar past $230m
Singapore offshore operator Swiber Holdings, which sought judicial management last month having earlier announced its liquidation, has said it is…
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Europe
BW LPG builds Aurora stake
BW LPG has continued its steady buildup in the stakeholding of rival Aurora LPG. On Friday, BW LPG came in…
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Asia
Dyna-Mac ex-employee accused of stealing S$1m
Singapore-listed Dyna-Mac Holdings Ltd on Sunday said it has filed a police report in relation to suspected criminal conduct involving…
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Middle East
Two tankers halted from leaving Yemen
Two tankers owned by Singapore’s Ocean Tankers have been halted from leaving a rebel-held port in Yemen due to a…
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Asia
Rickmers Maritime facing revolt over debt refinancing deal
Rickmers Maritime’s bid to avoid liquidation via debt refinancing has not been received well by investors. The Singapore-listed containership shipping…
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Asia
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Asia
SBI Offshore steps up investigation into ex-CEOs’ possible wrongdoing
Singapore’s SBI Offshore has filed a report with the Commercial Affairs Department of the Singapore Police Force in relation to…
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Asia
Rickmers Maritime fears liquidation
Rickmers Maritime has spooked Singapore investors admitting it is close to liquidation unless creditors come to its rescue. The listed…
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Asia
SBI Offshore readies investigations into past misdemeanours
In crisis Singapore-listed firm SBI Offshore has added four extra independent directors as it readies investigations into past misdemeanours by…
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Asia
Otto Marine withdraws Hoe Leong liquidation application
Heavy equipment supplier and vessel charterer Hoe Leong Corporation has announced that Otto Marine has withdrawn an application to wind…
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Asia
Singapore charts growth plans through to 2030
The Maritime and Port Authority of Singapore (MPA) has established the International Maritime Centre 2030 (IMC 2030) advisory committee to…
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Asia
Marco Polo Marine requests an extension to its notes’ maturity date
After calling in KPMG last week to conduct a review of its business, Singapore’s Marco Polo Marine has said it…
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Asia
Winning Shipping buys ex-Hanjin-chartered capesize
China’s Winning Shipping has bought a capesize from Kumiai Senpaku that was formerly on charter to Hanjin Shipping, which entered…
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Asia
Hanssy vessel arrested in Italy
The Singapore-flagged general cargo ship operated by Hanssy Shipping has been arrested a few days ago in the Italian port…
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Asia
Sinanju Tankers orders bunker tanker pair at Shenzhou Shipbuilding
Singapore bunker tanker operator Sinanju Tankers has signed shipbuilding contracts with Zhejiang Shenzhou Shipbuilding for the contruction of two 6,000dwt…
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Asia
Marco Polo Marine ominously appoints KPMG to conduct business review
Marco Polo Marine could be the next offshore marine firm to send shockwaves through the Singapore market, announcing today that…
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Asia
Pacific Radiance settles dispute with Chinese shipyards
Pacific Radiance has reached a settlement with Shanghai Waigaoqiao Shipbuilding & Offshore and China Shipbuilding Trading (Shanghai) over the disputed…
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Asia
Swiber pledges its 25% Vallianz stake to DBS
Swiber Holdings has pledged its Vallianz shares to its lead creditor DBS. Swiber, an oilfield services provider, sought judicial management…
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Asia
Rickmers Maritime secures refinancing deal
Rickmers Maritime has announced that Rickmers Trust Management, its trustee-manager, has been offered a restructured secured amortising term loan facility…
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