Asia
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Orient Express Lines rebrands as Strait Orient Lines
Singapore’s intra-Asia boxship operator Orient Express Lines has rebranded as Straits Orient Lines Singapore (SOL), effective today. The company said…
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CNTIC VPower acquires elderly LNG carrier from Karmol
Singapore-based CNTIC VPower LNG Logistics, a joint venture between China National Technical Import and Export Corporation (CNTIC) and Hong Kong’s…
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China Merchants brings in strategic investor for Hambantota Port
China Merchants Port Holdings has entered into an agreement with Fujian Transportation Maritime Silk Road Investment and Management (Fujian TMSR),…
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STX to slash workforce as orders dry up
Korean shipyard STX Offshore & Shipbuilding announced yesterday its intention to slash jobs through a voluntary retirement plan as its…
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Nisshin’s bulker sale gathers pace
Japanese heavyweight Nisshin Shipping is in selling mode again, taking advantage of the improved rates seen in the bulker segment this month. Nisshin…
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Sansho Kaiun orders product tanker pair at Usuki Shipyard
Japanese tanker owner Sansho Kaiun has placed an order at compatriot shipyard Usuki for the construction of two 19,700 dwt…
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Samsung Heavy goes all in on fuel cells
Bloom Energy and Samsung Heavy Industries (SHI) have signed a joint development agreement (JDA) to design and develop fuel cell-powered…
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BULL: Indonesia’s fastest growing owner
As of this week the fleet of fast growing Indonesian tanker owner PT Buana Lintas Lautan (BULL) will number 33…
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Captain Harry Subramaniam, India’s great seafarer mentor, dies from Covid-19
One of the most influential people in Indian seafarer training circles died early today from Covid-19. Tributes have been paid…
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Indonesian shipping boss detained over bribery charges
Taufik Agustono, the president director of shipping company, PT Humpuss Transportasi Kimia, has been detained by anti-corruption authorities in Indonesia…
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BULL readies dry bulk entry
One of the fastest growing shipowners in Indonesia is readying an entry into the dry bulk trades. PT Buana Lintas…
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Clarksons broker ejected from Singapore for breaking lockdown rules
Six people, including a Clarksons broker, have seen their careers in Singapore come to an end, with authorities taking action…
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Class NK’s Fujiwara becomes IACS chair
Class NK’s Koichi Fujiwara has been elected as the next chairman of the International Association of Classification Societies (IACS), taking…
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Filipino lines and yards seek $200m stimulus package
Filipino shipping lines and shipbuilders have asked the state for a massive PHP10bn ($200m) in stimulus aid. “The shipping companies…
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Miclyn Express Offshore secures contract extensions in Brunei
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has secured a three-year long term contract extension for four crew boats…
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MOL goes on the defensive as it prepares for the post-Covid era, slashing fleet by 5%
Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size, has issued a new business plan to cope with slashed…
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Hyundai Heavy to streamline operations by 20%
With shipowners across the globe putting ordering plans on hold due to the shaky economy and cloudy regulation outlook, the…
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Temasek unit finalises $450m cash injection into PIL
Singapore Inc is close to sealing a deal to save the republic’s largest containerline. Multiple sources in the Southeast Asian…
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TFG Marine CEO to depart after just two months in charge
TFG Marine, the marine fuels joint venture between Trafigura and John Fredriksen’s Frontline and Golden Ocean, has announced that its…
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Eastmed swoops for recently delivered Nisshin kamsarmax
Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has picked up a new kamsarmax bulker from Japan’s Nisshin Shipping, according to brokers.…
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