Asia
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FSL Trust drops legal action against former CEO Alan Hatton
Singapore shipping trust FSL Trust has dropped legal action taken last year against former chief executive officer Alan Hatton. Hatton,…
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BW Dry Cargo makes first purchase of the year
BW Dry Cargo has bought its first ship of the year, taking a capesize. BW Dry Cargo has paid Japan’s…
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Sapura Energy awarded $197m worth of contracts
Malaysian offshore service provider Sapura Energy has been awarded a series of new contracts worth RM815m ($197m) in total. Sapura…
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OSV crew abandoned in Dubai highlight their plight
Eight crew stranded onboard the 1992-built OSV have gone public with their plight, claiming their employers abandoned them in Dubai…
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Carsten Mortensen resigns as BW Group CEO
BW today announced that group CEO Carsten Mortensen has resigned for personal reasons after three years in the job and…
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SM Line to buy into Vinalines
SM Line, the new container player from South Korea, is in discussions to buy a 5% or 6% stake in…
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Triyards receives another winding up order
Offshore shipbuilder Triyards, part of Singapore’s Ezra Holdings, has revealed that an application has been filed by Hong Leong Finance…
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Saudi Arabia to join China Pakistan Economic Corridor project
Suggesting a major change in global oil flows, Saudi Arabia is expected to sign up to add billions of dollars…
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Atlantic Navigation in talks with Guangxin Shipbuilding to settle disputes
Singapore’s offshore vessel operator Atlantic Navigation has announced that it has been in negotiation with China’s Guangxin Shipbuilding to settle…
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MOL orders newcastlemax pair at Imabari
Japanese shipping major Mitsui OSK Lines (MOL) has ordered two 240,000 dwt newcastlemax bulk carriers at domestic yard Imabari Shipbuilding,…
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Hyundai Heavy debuts new regasification system at Gastech
South Korea’s Hyundai Heavy Industries (HHI) is debuting a compact regasification system called New Hi-ReGAS at this week’s massive Gastech…
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Marinakis orders aframax tanker pair at Daehan
Greek owner Evangelos Marinakis’ Capital Maritime and Trading has placed an order at South Korean yard Daehan Shipbuilding for the…
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Keppel goes global with its LNG ambitions
French LNG containment manufacturer GTT has signed a technical assistance and licence agreement (TALA) with Singapore’s Keppel Offshore & Marine…
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MSPL puts post-panamax pair up for sale
Indian iron ore miner MSPL, part of the Baldota Group, has put a pair of 2011-built post-panamax bulkers up for…
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Elektrans liquidates Singapore subsidiary
Elektrans is liquidating a subsidiary in Singapore. The Indian-owned tanker player has been in the headlines for the last couple…
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MODEC acquires VLCC from Chandris
Japan-based floating production specialist MODEC has acquired the 2002-built VLCC from Greek owner Chandris, according to shipbroking sources. The price…
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Sapura Energy to sell 50% stake in upstream business to OMV
Malaysian oil and gas services company Sapura Energy has entered into an agreement with Austrian energy company OMV to sell…
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STX given refund guarantee boost for Oceangold Tankers order
South Korean yard STX Offshore & Shipbuilding has secured a refund guarantee from Korea Development Bank (KDB) for an order…
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Dorian LPG accuses BW of being disingenuous as takeover row escalates
The war of words between Dorian LPG and prospective buyer BW LPG continues. BW has been chasing its rival LPG…
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Nam Cheong claims worst is over for offshore
Malaysian OSV operator and builder Nam Cheong reckons the worst is over for the hard hit offshore sector and that…
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