Asia
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Seadrill awarded five-well drillship contract
Seadrill Partners has been awarded a five-well contract by Sabah Shell Petroleum utilising drillship off Malaysia. The contract, which includes…
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India to ease chartering restrictions
The rapid opening up of India’s shipping sector continues. Fresh from announcing a partial relaxation of the country’s cabotage law,…
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Sembcorp Marine ups purchase price for Sevan Marine assets
Singapore’s Sembcorp Marine has entered into an agreement with Sevan Marine to revise the purchase price for the majority of…
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FSL Trust seals $108m of new loans
Singapore shipping trust FSL Trust Management has closed three new loans worth $108m, refinancing an existing syndicate loan of $109.94m.…
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SSL Kolkata risks splitting in two
The has listed further starboard and officials say it is likely to split in two as early as this weekend.…
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Ezion and TSC collaborate with aim to become world’s largest lifeboat owner
Singapore liftboat specialist Ezion has entered into a joint venture agreement with Alliance Offshore Group, a subsidiary of TSC Group…
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Angelicoussis signs landmark 100th DSME contract
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is celebrating a unique milestone today with news that John Angelicoussis’s Maran…
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Korea Ocean Business Corporation officially launched
The Korea Ocean Business Corporation (KOBC), a state-run entity aimed at supporting the local shipping and shipbuilding industry, has been…
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Velesto awarded 11-well drilling contract
Malaysia’s Velesto Energy, formerly UMW Oil & Gas, has been awarded a contract by Roc Oil (Sarawak) for the provision…
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KTB Asset Management funds three Teekay tankers
South Korea’s private equity firm KTB Asset Management has today launched a fund worth around $30m to invest in three…
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Stricken Shreyas boxship now listing
Authorities in India are preparing worst-case scenarios for the stricken boxship. Fires continue to rage on the Shreyas ship, nearly…
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Empire Navigation adds up to 8 product tankers at Hyundai Mipo
Busy Hyundai Mipo Dockyard is celebrating a banner few weeks of orders now filling out available dock space well into…
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Peter Evensen invests in Ocean Freight Exchange
Ocean Freight Exchange (OFE), the rapidly developing provider of AI and predictive analytics tech to the dry bulk and tanker…
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BT Investment pulls the plug on Emas Offshore rescue plan
Emas Offshore, part of Singapore’s Ezra Holdings, has suffered the biggest setback yet to its financial restructuring after BT Investment…
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Japan Drilling Company applies for court protection
Japan Drilling Company (JDC) has filed a petition with the Tokyo District Court for the commencement of corporate reorganisation proceedings.…
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Nissen Kaiun in for four Mipo feeder boxships
South Korea’s Hyundai Mipo Dockyard looks to have finally closed out its available berths for next year. Japan’s Nissen Kaiun,…
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Adani adds Kattupalli to its Indian ports network
India’s largest port developer Adani Ports and Special Economic Zone (APSEZ) has paid Larsen and Toubro $248.3m to acquire a…
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Frontline buys into scrubber manufacturer
John Fredriksen’s Frontline has agreed to acquire a 20% ownership interest in Indonesia-based scrubber manufacturer Feen Marine Scrubbers (FMSI). In…
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Emas Offshore restructuring hits another hurdle
Emas Offshore, part of Singapore’s Ezras Holdings, has suffered another setback to its financial restructuring after BT Investment, part of…
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Icon Offshore awarded series of vessel contracts
Fresh from being awarded a contract by Hess earlier this week, Malaysian offshore vessel owner Icon Offshore has secured a…
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