Asia
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NYK LNG carrier fetches highest demo rate of the year
Demo prices are achieving new highs with one old gas carrier managing to notch a very strong $551 per ldt.…
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Yinson FPSO contract terminated
Malaysia’s Yinson Holdings has announced that it has received a termination notice for the floating production storage and offloading (FPSO)…
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Hadjipateras fires back as Sohmen-Pao spat rumbles on
Determined to have the last word in the four-month takeover tussle between BW LPG and Dorian LPG, John Hadjipateras, Dorian’s…
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Hahn & Co completes SK Shipping takeover
South Korean private equity firm Hahn & Co has completed the buyout of one of the nation’s largest owners, SK…
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Helpline launched to reduce seafarer suicides
Singapore shipmanager Synergy Group has launched a new counselling service aimed at improving mental health support for sea and shore-based…
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Mermaid Maritime awarded subsea contract in Middle East
Thailand’s Mermaid Maritime has been awarded a subsea services contract in the Middle East worth $17m. The contract will commence…
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BW LPG ditches Dorian takeover
Andreas Sohmen-Pao’s BW LPG has pulled out of a proposed $1.1bn merger with rival Dorian LPG after months of back…
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HMM secures $5.4bn in state funding
Korea Ocean Business Corporation (KOBC), South Korea’s government-backed ship financing entity, has allocated KRW6.15trn ($5.4bn) funding for HMM’s business expansion.…
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Europe hits out at Korean maritime state funding
SEA Europe and European Community Shipowners’ Associations (ECSA), the trade associations representing respectively European shipbuilding and maritime equipment and European…
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Jaldhi behind acquisition of MR pair
Jaldhi has been revealed as the buyer of a pair of Japanese MR tankers, sold by JX Ocean last month…
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Stolt-Nielsen exercises options for LNG carrier pair at Keppel
Singapore’s Keppel Offshore & Marine has announced that Stolt-Nielsen Gas has exercised options at subsidiary Keppel Singmarine for two additional…
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Seaspan rescues Swiber with $200m investment
Singapore’s Swiber Group has been saved by Seaspan, the Canadian containership operator, which is making what it says will be…
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NYK seals Total charter for LNG newbuild
NYK has signed a contract with Total to charter out a newbuild LNG carrier for seven years with an option…
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Mitsubishi fleet sales gathers pace
The 83-ship bulker mammoth from Japan, Mitsubishi Corporation, is offloading ships at pace with Splash understanding three have been sold…
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SK Shipping to be sold
SK Shipping, the fourth largest shipping company in South Korea, is to be sold off. The subsidiary of energy conglomerate…
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Nam Cheong completes debt restructuring
Malaysian offshore shipbuilder Nam Cheong has completed its debt restructuring exercise, implementing the proposed schemes of arrangement. The restructuring of…
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Cosco tipped to buy Singamas
Pacific International Lines (PIL) has got an old friend to come in and buy its shares in subsidiary Singamas, the…
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HMM signs off on mega boxship project
Today South Korea’s flagship line HMM signed formal contracts for its 20 mega containerships with three the nation’s top three…
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Prosecution sought in Manila over illegal recruitment
The National Bureau of Investigation in the Philippines is seeking the prosecution of two Italians and three Filipinos for syndicated…
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Aban Offshore awarded jackup contract
Indian offshore drilling contractor Aban Offshore has received a letter of award for the deployment of its jackup rig offshore…
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