Asia
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Jochen Döhle dragged into Elektrans scandal
One of the most famous names in Hamburg shipping has been dragged into the court proceedings surrounding the demise of…
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Grindrod seals financing for ultramax pair, sells handy bulker and product tanker
Nasdaq-listed Grindrod Shipping has sealed financing for two newbuild ultramaxes and also announced the sale of two of its vessels.…
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BW backs Epic’s latest capital raising for four more Japanese ships
Epic Gas has launched today a $60m fully underwritten capital increase with plans to buy more LPG ships. The subscription…
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Doun Kisen orders ultramax pair
Japanese shipping giant Doun Kisen has tapped Mitsui Engineering & Shipbuilding to build a pair of ultramaxes, according to multiple…
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Flex LNG seals sale and charterback with Hyundai Glovis for LNG carrier pair
John Fredirksen’s Flex LNG has sold 2018-built LNG carrier pair Flex Endeavour and Flex Enterprise to Hyundai Glovis for $420m.…
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MOL readies ore carrier sale
One of the world’s largest names in dry bulk is offloading one of its oldest bulk carriers. Japan’s Mitsui OSK…
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K Line, U-Ming and Kuang Ming forming dry bulk venture with Taiwan Power Company
Taiwan’s state-run Taiwan Power Company (TPC) is currently in negotiations with potential partners to set up a bulk shipping joint…
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Elektrans declared insolvent
Creditors have until May 7 to submit claims as Daniel Chopra’s Elektrans Shipping has finally been declared insolvent. Insolvency proceedings…
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Hong Kong hands guilty verdict to APL master over controversial Singapore military shipment
A long running court case came to a close Monday in Hong Kong with the Chinese master and boxline APL…
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Singapore suspends bunker supplier found to be using magnets to distort deliveries
The Maritime and Port Authority of Singapore has suspended the bunker craft operating licence of local firm Southernpec after magnets…
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No industry for old men
The first step in making a change is acknowledging the need for change and by that marker, the maritime industry…
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Sun Enterprises orders up to three MR tankers at Hyundai Mipo
Greek owner Stavros Livanos’ Sun Enterprises is said to have placed order for three 50,000 dwt MR tankers at South…
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Port worker dies when crane catches fire while unloading coal at Kolkata
A port worker died on Saturday when a fire broke out on the mobile harbour crane he was operating caught…
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NYK president replaced as losses hit $400m
After just four years in charge, Tadaaki Naito’s tenure in charge of one of the world’s largest shipping lines is…
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K Line bows to pressure and appoints critic to the board
Kawasaki Kisen Kaisha (K Line) has bowed to pressure as it reports another set of dire results. The Japanese shipping…
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Mitrabahtera Segara Sejati: Diversification strategy under new leadership
Susana Germino is in a bit of a hurry when Maritime CEO comes calling for her first media interview since…
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Chittagong port expansion unveiled
Congested Chittagong, Bangladesh’s top port, is adding more terminals. Chittagong Port Authority (CPA) has revealed plans to get three terminals…
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Petronas acquires 50% stake in Tartaruga Verde field from Petrobras
Malaysian oil and gas major Petronas has entered into a sale and purchase agreement with Brazilian state run energy group…
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Seoul allocates more financial support for shipbuilders
South Korea’s Ministry of Trade, Industry and Energy announced yesterday that it would allocate KRW70bn ($61m) to support local shipbuilders.…
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Chemical tanker explosion at Indonesian yard injures two
An explosion occurred onboard a chemical tanker under repair works at PT Multi Ocean Shipyard (MOS) on Indonesia’s Karimunbesar Island,…
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