Asia
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MOL Chemical Tankers takes a 20% stake in Den Hartogh
MOL Chemical Tankers, part of Japanese shipping major Mitsui OSK Lines, has acquired a 20% stake in Rotterdam-based Den Hartogh…
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Valles back in Japan for an aframax
Hong Kong’s Valles Steamship run by the Koo family has gone to Japan for its latest order. Brokers report that…
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Former Keppel procurement officer pleads guilty to long list of bribery charges
A former senior procurement office at Singapore’s Keppel Shipyard pleaded guilty on Friday to 54 charges of corruption and money…
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Yinson wins $578m FPSO contract from JX Nippon
Malaysian FPSO operator has received a letter of award from JX Nippon to provide operation and maintenance services for an…
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Hanjin Heavy comes to an agreement with lenders in Manila
Troubled Hanjin Heavy Industries & Construction (HHIC) from South Korea has reached an agreement on debt rescheduling for its Philippine…
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MSPL puts entire fleet of bulkers up for sale
Indian iron ore miner MSPL, part of the Baldota Group, has put its entire fleet of bulkers up for sale.…
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Angelicoussis back at DSME for another LNG carrier
Daewoo Shipbuilding & Marine Engineering (DSME) has won an order from one of its most loyal customers. John Angelicoussis’s Maran…
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Nepal pushes ahead with creation of a national shipping line
Landlocked Nepal is pushing ahead with plans to create a national shipping line. Prime minister Khadga Prasad Sharma Oli this…
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Bangladesh starts building its largest port
The congested nature of Bangladeshi ports is set for some alleviation with the construction of a giant new port. European…
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KDB on standby to save Hanjin Heavy
State-run Korea Development Bank is on standby once again to step in and save one of the nation’s shipbuilders. Hanjin…
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Another Emas Offshore rescue deal falls through
Offshore vessel operator EMAS Offshore, part of Singapore’s Ezra Holdings, has announced that a non-binding term sheet signed with Udenna…
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HMM racks up $720m annual loss
South Korean flagship carrier HMM has revealed a net loss of KRW808bn ($720m) for the full financial year, marking it…
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X-Press Feeders takes over defunct Team contracts
X-Press Feeders has entered into an agreement to continue some of the existing feeder contracts between Hamburg-based Team Lines and…
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Velesto jackup contract extended by Hess
Malaysian offshore driller Velesto Energy (formerly UMW Oil & Gas) has been awarded a contract extension from Hess Exploration and…
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Japanese head to NACKS for VLCCs
Japanese trading house Mitsui and compatriot shipping line Iino Kaiun Kaisha have managed to negotiate early delivery slots at a…
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HHI takeover of DSME cleared, deal set to be signed next month
The path has now been cleared in South Korea for Hyundai Heavy Industries (HHI) to take over local rival Daewoo…
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Maersk in landmark Ganges shipment
India is easing its cabotage rules to help develop connections across the giant country and with its neighbours. Today Denmark’s…
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Hellenic Tankers pockets $5.6m from swift VLCC asset play
Andreas Hadjiyiannis-led Hellenic Tankers has concluded a deal with Thailand’s Nathalin Group in what will be one of the most…
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Korean Register clarifies its position on Stellar Daisy sinking
Classification society Korean Register (KR) has clarified its position in relation into the ongoing investigation into the sinking of the…
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Jadestone contracts Ensco jackup for Stag do
Singapore-headquartered Jadestone Energy has signed a rig contract with offshore driller Ensco for infill drilling on the Stag oilfield, offshore…
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