Asia
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World’s first ‘carbon-neutral oil’ shipped to India
Oxy Low Carbon Ventures (OLCV), a division of Occidental, has provided details of what it claims is the world’s first…
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New owners for STX
South Korea’s STX Offshore & Shipbuilding has new owners. Private equity fund KH Investment and local debt clearing house United…
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SK Shipping orders DSME VLCCs
SK Shipping is being tipped by multiple broking outfits as bagging early delivery slots at Daewoo Shipbuilding & Marine Engineering…
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Corvus Energy partners with Toyota to develop hydrogen fuel cell systems
Norway’s Corvus Energy has announced that the company is set to start development and production of sustainable, large scale maritime-certified…
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Creditors back PIL restructuring in crucial vote
Creditors to struggling Singapore container line Pacific International Lines (PIL) today overwhelmingly approved a restructuring deal that involves a capital…
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Myanmar coup puts crewing agents on edge
The military coup in Myanmar overnight has sent shockwaves through the Southeast Asian shipping community. The army has ousted the…
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MOL establishes offshore wind division
Further changes are afoot at Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size. In addition to the creation…
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Tongli Shipping inks kamsarmax sale and leaseback deal with CSSC Shipping
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has entered into a sale and leaseback deal with…
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Launch of MOL Drybulk
Mitsui OSK Lines (MOL) is rebranding its sub-cape dry bulk segments. Last month Japan’s largest shipowner by fleet size announced…
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Keppel Offshore & Marine exits rig building to focus on renewables
One of the most famous rig builders in the world is exiting the business. Singapore’s Keppel Corporation has announced that…
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Vietnam probes sky-high box rates
Vietnam has become the latest country to take liners to task for the current sky high container freight rate scene.…
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MOL scraps 37-year-old LNG carrier
Mitsui OSK (MOL) has sold its first and oldest LNG carrier, , for scrap after 37 years with the company.…
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Eastern Pacific surpasses CO2 reduction target
Singapore-based Eastern Pacific Shipping (EPS) published its 2021 ESG policy today and is celebrating meeting its CO2 reduction target two…
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SM Line planning IPO
South Korean containerline SM Line is planning for an initial public offering on the local stock exchange in Seoul by the…
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Hyundai Heavy looks to raise $905m
Hyundai Heavy Industries Group has decided to push for an initial public offering of its unlisted affiliate Hyundai Heavy Industries…
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Wan Hai orders 12 boxships at JMU
Taiwanese shipping line Wan Hai Lines has announced a plan to order twelve 3,013 teu boxships at the newly founded…
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NYK forms offshore wind partnership with OYO and Fugro
Japan’s Nippon Yusen Kaisha (NYK) has entered into a memorandum of understanding with the OYO Corporation (OYO) and Fugro to…
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KSOE develops digital twin ship technology for virtual ship testing
Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy Industries, has announced that it has developed…
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Kawasaki Heavy completes world’s first liquefied hydrogen receiving terminal
Japan’s Kawasaki Heavy Industries has announced the completion of the Kobe LH2 Terminal, the world’s first liquefied hydrogen receiving terminal.…
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DSME merger delayed
Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of Hyundai Heavy Industries Group, has revised a contract with Korea…
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