Asia
-
Kumiai Navigation signs for third dual-fuel VLGC newbuild
Japan’s Kawasaki Heavy Industries has won another order from compatriot Kumiai Navigation for an additional 84,000 cu m VLGC, set…
Read More » -
NYK buys into tugboat venture in Vietnam
Japanese owner NYK Line has acquired 15% shares of Thoresen Vinama Tug (TVT) and entered the tugboat business at Phu…
Read More » -
Sembcorp Marine CEO volunteers to take 50% pay cut
Sinagapore shipbuilding group Sembcorp Marine’s CEO Wong Weng Sun has volunteered to take a 50% pay cut as part of…
Read More » -
Surging demand sees new lay-up destinations emerge
With demand for lay-up services growing, traditional parking lots for unused ships are becoming congested forcing shipowners to seek alternative…
Read More » -
Cross-industry initiative in Japan seeks to transform CO2 from steel mills into new shipping fuel
Nine Japanese companies – including shipyards, shipping line Mitsui OSK Lines (MOL), Class NK and steel mills – are looking…
Read More » -
MISC moves into VLEC sector through deal with Satellite Petrochemical
Malaysian national shipping group MISC has entered into memorandum of agreements with China’s Zhejiang Satellite Petrochemical for the acquisition of…
Read More » -
BW LPG offloads 30-year-old VLGC
BW LPG has announced the sale and delivery of VLGC , with the vessel to be used by its new…
Read More » -
Fratelli Cosulich adds a seventh bunker tanker in Singapore
Fratelli Cosulich has revealed to Splash that a seventh unit has been added to its fleet of bunker tankers deployed…
Read More » -
Missing Gulf Sky crew turn up in India having made sensational escape from the UAE to Iran
Twenty-six of the 28 crew of the controversial suezmax , which had been under arrest off Khorfakkan in the United…
Read More » -
Allianz warns on potential spike in accidents brought about coronavirus-inspired downturn
Insurer Allianz’s annual shipping review, published today, warns the consequences of coronavirus and a sustained economic downturn could threaten long-term…
Read More » -
EU antitrust investigation into Hyundai Heavy’s DSME merger put on hold again
EU antitrust regulators have put their investigation into Hyundai Heavy Industries’ $1.8bn merger with Daewoo Shipbuilding & Marine Engineering (DSME)…
Read More » -
Keppel awarded FPSO contracts by Modec
Keppel Offshore & Marine has secured two contracts worth S$73m ($52.4m) from Modec for FPSO module construction works. Keppel Shipyard…
Read More » -
Prima Marine orders small tanker trio at Zhejiang Shenzhou
Thai tanker owner Prima Marine has returned to Chinese yard Zhejiang Shenzhen Shipbuilding for the construction of three 3,000 dwt…
Read More » -
Kogas sets up LNG bunkering joint venture
Korea Gas Corp (Kogas) has partnered up with five other Korean companies for the set up of an LNG bunkering…
Read More » -
Brokers rush to offload parts of the Ocean Tankers fleet
With a restructuring deal in the offing, brokers are rushing to sell off tonnage from Ocean Tankers, the deepsea shipping…
Read More » -
Bangladeshi widow wins landmark shipbreaking ruling
In a landmark decision that could shake up the ship recycling trades irrevocably, a judge in London has ruled that…
Read More » -
Abandoned crew scrawl their desperate plight along ship’s hull
Twelve crewmembers onboard the 1985-built 5,500 dwt oil tanker are desperately looking for help as the vessel has been stranded…
Read More » -
Precious Shipping and Sainty Marine settle newbuild contract dispute
Thai bulk carrier owner Precious Shipping has entered into a settlement agreement with Jiangsu Guoxin Investment Group, the parent of…
Read More » -
Namsung Shipping orders feeder boxship pair at Dae Sun
South Korean boxship operator Namsung Shipping has placed an order at domestic yard Dae Sun Shipbuilding for the construction of…
Read More » -
K Line targets more FPSO business with Yinson and Sumitomo
Japan’s Kawasaki Kisen Kaisha (K Line) is joining compatriot Sumitomo Corporation and Malaysia’s Yinson Holdings, taking a 10% stake in an…
Read More »