Asia
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Maritime CEO Forum: Don’t be tempted by low tanker newbuild prices
Do not be tempted by very low tanker prices on offer from yards in Asia. That was the message from…
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Asian ports face $49bn climate adaptation costs
Protecting Asia Pacific ports against climate change could cost up to $49bn, according to new research commissioned by HSBC from…
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Otto Marine placed under judicial management
The High Court of Singapore has approved an application by financially trouble OSV operator and shipbuilder Otto Marine to be…
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Sapura Energy awarded EPCIC contract by Mubadala Petroleum
Malaysian offshore services provider Sapura Energy has been awarded a contract by Mubadala Petroleum to undertake engineering, procurement, construction, installation…
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Ezion warns of $1bn annual loss
Embattled Singapore liftboat specialist Ezion Holdings has warned it is likely to report a full year loss of $1bn for…
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Star Bulk and Eco Marine Power collaborate on renewable energy study
Greek dry bulk giant Star Bulk has signed a memorandum of understanding with Japan’s Eco Marine Power (EMP) to jointly…
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Rumours of financial difficulties force Heung-A to write to clients
One of the best known names in the intra-Asia box trades, Heung-A from South Korea, has been forced to send…
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Singapore hit by another oil tank inferno
Singapore authorities spent around six hours through to midnight last night fighting yet another inferno at an oil storage tank.…
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BP continues to offload older tonnage to Sinokor
Broker sources tell Splash that one of this year’s most assertive Korean owners, Sinokor, has purchased a pair of 15-year-old…
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Mercator sells panamax bulker for scrap
India’s Mercator has announced the sale of 1997-built panamax bulker for $4.25m. The vessel was sold to Hong Kong entity…
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STX labour union protests against rescue plan
The labor union of South Korea’s STX Offshore & Shipbuilding has decided to stage a strike in protest against the…
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Dramatic boxship collision in Karachi caught on video
A video taken by a port worker has gone viral on social media, showing the remarkable moment when 8,000 teu…
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China Navigation provides Pacific islands with waste management solution
The China Navigation Company (CNCo) and the Secretariat of the Pacific Regional Environment Programme (SPREP) have signed a memorandum of…
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Asian Bulk Logistics: Betting on Indonesian coal
As Indonesian authorities continue to mull forcing exports of commodities such as coal and palm oil to be carried on…
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DP World buys giant Mumbai warehousing company
Dubai terminal operator DP World and Indian sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are paying $400m to…
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Liner blockchain breakthroughs proliferate
Hong Kong company 300cubits has announced the completion of the first trial shipment in its smart contract deployed on the…
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Detained Varun Shipping tanker sold at auction
Shanghai Maritime Court has sold the 1997-built aframax tanker via an online auction on Taobao. The vessel was abandoned by…
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Aurora Tankers declares options on four MRs at GSI
Singapore’s Aurora Tankers, part of IMC Group, has declared options on four additional 55,000 dwt MR tankers at China’s Guangzhou…
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Maritime CEO Forum: Shipping anywhere from 30 to 500 years behind the technology curve
Shipping has been warned it’s nearer to Kodak than Uber in its slow adoption of technology. Delegates attending this week’s…
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Japan Coast Guard pushes negligent homicide charges over Fitzgerald collision
The Japan Coast Guard has recommended negligent homicide charges for the USS Fitzgerald’s officer of the deck and the second…
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