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Asia
Shipbuilders’ Kodak moment
Shipbuilders are about as good at predicting the future as senior management at film makers Kodak were at the time…
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Asia
CMA CGM moves to complete NOL takeover
French containerline CMA CGM today announced its firm intention to make an all-cash voluntary conditional general offer for all the…
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Asia
200 Shipping Corp of India seafarers enter third day of hunger strike
Around 200 seafarers have entered their third day of a hunger strike, demonstrating against state-run Shipping Corporation of India’s (SCI)…
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Asia
Major environmental disaster declared in Penang following bunker spill
The local government in Penang has declared a major environmental disaster after a serious spill from the product tanker on…
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Asia
HMM says charter negotiations will reach ‘swift agreement soon’
Hyundai Merchant Marine (HMM) has just announced that its charter negotiations with foreign shipowners are “expected to reach an agreement…
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Asia
Court to decide STX yard’s fate
STX Offshore & Shipbuilding officially filed an application in Seoul for court receivership late on Friday. The court will now…
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Asia
Court case beckons for Semua
Malaysia’s Hoe Leong Corporation has warned that two subsidiaries, Semua Chemical Shipping and Semua Shipping, have received winding up petitions…
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Asia
Heung-A in for chemical pair at Dae Sun
Dae Sun Shipbuilding & Engineering has won an order to build two 6,500 dwt chemical tankers from Heung-A Shipping. The…
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Asia
Hanjin Shipping bulker resumes sailing
Hanjin Shipping issues a release on Sunday to communicate that its bulker, has resumed its sailing on May 27. The…
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Asia
IMF questions Seoul’s maritime rescue plan
The International Maritime Fund (IMF) has weighed into and criticised Seoul’s efforts to save its leading shipping lines and shipbuilders.…
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Asia
HMM and Hanjin share prices soar on optimistic charter talks
The share prices of South Korea’s leading two shipping lines rocketed today on speculation that significant advances had been made…
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Dry Cargo
Brand new ship detained as crew are found to have no ECDIS training
A brand new geared bulker on charter to a joint venture controlled by MUR Shipping and Jebsen has suffered an…
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Asia
Pertamina to build first new refinery since 1997
Indonesian state-run energy giant Pertamina will build its first refinery since 1997. The company will team up with Russia’s Rosneft…
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Asia
Myanmar looks to ease port congestion
Myanmar is pushing ahead with a variety of new rulings aimed at easing congestion at its ports. Customs teams at…
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Asia
STX becomes the highest profile casualty in Korean shipbuilding
The lead creditor of STX Offshore and Shipbuilding, a major South Korean shipbuilder, has confirmed the yard will enter court…
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Asia
Vessel arrest ratchets up pressure on Hanjin Shipping
In a sign of just how tough a financial position hard-up Hanjin Shipping really is in, one of its ships…
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Asia
Singapore claims acquisition of the Baltic will boost London’s maritime position
The Singaporean takeover of the Baltic Exchange is designed to bolster London’s position as an international maritime hub, a spokesperson…
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Europe
Putin keen for Russia to invest in Thessaloniki
Ahead of tomorrow’s state visit to Greece, Vladimir Putin has said Russia is keen to invest in Greek railways as…
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Americas
Navios takes Vale to court over Uruguay terminal
A month after Navios Maritime Holdings revealed Vale has ditched plans to use an iron ore terminal under construction in…
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Asia
SM Group pulls away from SPP yard buyout
Samra Midas Group (SM Group) has pulled out of plans to buy one of the three yards belonging to SPP…
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