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Asia
Samsung Heavy rights issue coming soon
South Korea’s Samsung Heavy Industries (SHI), in the midst of a large restructuring, is pushing ahead with a rights offering…
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Containers
$50bn blackhole leaves box shipping ripe for further M&As: Drewry
Container industry revenues are contracting faster than carriers can cut costs, Drewry warns in a new report. First-half results so…
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Asia
Double boost for Vallianz post-Swiber
Singapore’s Vallianz Holdings has received a double boost as it fights to distance itself from the contagion surrounding the demise…
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Tankers
Celsius takes Hansa chemical tanker
Norway’s Hansa Tankers has sold an eight-year-old Japanese chemical tanker to Celsius Shipping, according to broker reports. The Shin Kurushima-built…
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Asia
Narendra Modi hails turnaround at Shipping Corporation of India
India’s prime minister Narendra Modi on Monday said his administration had managed not only to change people’s mind-sets towards state-run…
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Asia
MOL rebrands two divisions
Mitsui OSK Lines (MOL), one of the world’s largest shipping firms, continues to rebrand divisions as part of its so…
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Europe
Gas leak leaves one dead, three injured in France
One worker died and three others were hospitalised yesterday from toxic fumes while dismantling a ship in the French port…
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Europe
Ocean Rig share price falls over 60% on bankruptcy fears
Investors reacted with shock at news George Economou’s drilling venture Ocean Rig could file for bankruptcy. Ocean Rig’s share price…
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Europe
Up to 52 tonnes of diesel spilled from grounded Transocean rig
The rig which ran aground Monday night on the Scottish isle of Lewis might have spilled as much as 52…
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Containers
China ups anti-Zika measures for inbound boxes
China, where one in two containers in the world transit, is upping its anti-Zika measures in a move that could…
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Containers
‘Unsatisfactory’: Søren Skou’s reaction to his first Maersk quarterlies
Søren Skou has delivered his first quarterlies as the new ceo of the Maersk Group and he is clearly unhappy…
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Asia
Pioneer Marine hunting distressed assets
Singaporean handysize bulk owner Pioneer Marine is gearing up to buy up distressed assets. Despite remaining in the red for…
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Europe
RBS reportedly puts Turkish shipping loans in the shop window
Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, Reuters is reporting. The bank…
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Asia
Sale of STX France expected to resume this month
STX Offshore & Shipbuilding will mount a third attempt to sell of its French subsidiary as early as next week.…
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Americas
MOL wins Toyota Argentina contract
Mitsui OSK Lines (MOL) has won a contract to transport vehicles manufactured at Toyota Argentina to ports on West Coast…
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Americas
New CEO for Vantage Drilling
Vantage Drilling has appointed Egyptian national Ihab Toma as its next ceo, starting August 29. Toma’s 30-year background in oil…
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Operations
Plight of abandoned crews draws top interest
You’re a discerning, compassionate lot I can tell from looking at web stats for the most read news stories on Splash…
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Asia
Sihanoukville port delays IPO again
The stalled efforts by Cambodia’s largest port to get an IPO out the way have suffered another setback. Sihanoukville Autonomous…
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Asia
Amidst the ordering downturn, South Korea has a new shipbuilder
While all around it are struggling to get any orders, one South Korean yard is celebrating its first ever ship…
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Asia
Investors sought to save Swiber
Investors, roll up! That’s the message from the interim judicial managers of bust Singapore offshore player, Swiber Holdings. The three…
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