Asia
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Hyundai Heavy given go-ahead to take over DSME
The state-run Korea Development Bank, the largest shareholder of Daewoo Shipbuilding and Marine Engineering (DSME), has signed a conditional deal…
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NAT and Sinokor branded shipping’s worst ‘corporate dumpers’ for their scrapping decisions
Sinokor and Nordic American Tankers have been branded the world’s worst two “corporate dumpers” for their ship scrapping decisions last…
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Sinokor puts another ageing VLCC in the shop window
Sinokor is in the market for second time this year, offloading a 2004-built VLCC. This ship is the 319,000 dwt…
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MOL creates chief safety officer position
Mitsui OSK Lines (MOL), which has been hit by more than its fair share of accidents over the past decade…
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Asahi Tanker shows off electric ambitions
Japan’s Asahi Tanker, along with its partner Exeno-Yamamizu Corporation Tokyo, has jointly developed a new domestic shipping tanker design which…
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Hyundai Heavy makes bid for DSME
Hyundai Heavy Industries (HHI) has confirmed it has been in discussions to buy a majority stake in Daewoo Shipbuilding &…
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Polaris Shipping to exit supramax sector as VLOCs start rolling in
South Korea’s Polaris Shipping has put its only two supramaxes up for sale as a slew of much larger size…
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EA Technique settles FSO contract dispute with Amaniaga Resources
Malaysian owner EA Technique has withdrawn its arbitration proceedings against offshore service provider Amaniaga Resources after the two parties reached…
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South Korea in pole to win up to 60 LNG carriers from Qatar
Qatar is readying another mammoth round of LNG carrier orders with South Korean yards in pole position. Qatar’s energy minister…
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Eastern Pacific renews effort to exit handysize segment
Eastern Pacific has put its fleet of four handysize bulkers back into the shop window after an attempt to exit…
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Nissen Kaiun’s latest cape sale watched with interest
Nisshin Kaiun’s ongoing fire sale continues. This time the privately owned Japanese shipping mammoth is attempting to sell its oldest…
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Seven Islands Shipping pounces for released Torm MR2
India’s Seven Islands Shipping has forked out $8.5m to acquire Torm’s 2002-built MR2 tanker , according to Seasure Shipbroking and…
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Pan Ocean to order two capes on back of latest Vale contract
South Korean bulker giant Pan Ocean has announced it will buy two new capesizes having secured another long-term iron ore…
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Hyundai Heavy selling 20% stake in refining subsidiary to Saudi Aramco
South Korea’s largest shipbuilder Hyundai Heavy Industries (HHI) is selling a 19.9% stake in its refinery subsidiary, Hyundai Oilbank, to…
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One charged over Stellar Daisy sinking
A court in South Korea yesterday granted the arrest warrant for the former head of maritime affairs at Polaris Shipping,…
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DOF Subsea awarded FPSO transportation contract by Yinson
DOF Subsea has been awarded a contract by Yinson Energy to provide transportation and installation services to position and moor…
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Japan Drilling Company awarded semi-submersible contract in Indonesia
Japan Drilling Company subsidiary PT. Japan Drilling Indonesia, together with a shipping company in Indonesia, have entered into a drilling…
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Arrest warrants sought for Polaris and KR officials over Stellar Daisy sinking
Nearly 22 months after the tragic sinking of the Stellar Daisy VLOC arrest warrants have been sought by the Busan…
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New Singapore owner emerges
Singapore has a new shipping line. Sea Lion Shipping last month launched a new Singapore – Pontianak feeder service, using…
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Shelf Drilling awarded jackup contract by ONGC
UAE-headquartered offshore driller Shelf Drilling has ben awarded a three-year contract for jackup rig by India’s Oil and Natural Gas…
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