Asia
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Asia Fund Space moves to rescue Ezra Holdings
Hong Kong’s Asia Fund Space Group, an online regional financial consultancy agency specialising in equity market restructuring and financing, has agreed…
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Noble posts largest annual loss recorded on the Singapore Exchange
Noble Group chalked up an unfortunate record yesterday, posting the largest annual net loss of any Singapore-listed company ever. Once…
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HSH sells FSL Trust stake to Prime Tanker Management
Germany’s HSH Nordbank has sold FSL Holding, the holding company of Singapore’s FSL Trust, to an affiliate of Greek shipowner…
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MOL announces massive restructuring
Japan’s largest shipping line has announced a sweeping restructuring and a raft of senior management changes in its largest corporate…
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HMM confirms Europe return
Hyundai Merchant Marine (HMM) today confirmed its intention to reenter the Asia-Europe box tradelane on its own with its boss…
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Union Marine Management Services targets European expansion with new Oslo office
Singapore-based shipmanager Union Marine Management Services (UMMS) is opening a new shipmanagement office in Oslo, headed by former Höegh Wallem…
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Awilco heading to Keppel for new semi-submersible order
Norwegian offshore driller Awilco Drilling is raising $65m via a private placement to be used to part finance an order…
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MOL determined to be among the pioneers along the Northern Sea Route
Japan’s largest shipping line, Mitsui OSK Lines, is taking further steps to be among the leading pioneers using the Northern…
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Pacific Radiance risks default after restructuring plan voted down by noteholders
Singapore offshore operator Pacific Radiance has been given the thumbs down by noteholders who voted against a proposed restructuring plan…
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BP exits MR sector with triple sale to Sinokor
Three 2005-built MR tankers belonging to oil major BP’s shipping arm have been sold en bloc for $12.2m each including…
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Kmarin orders VLOC pair at Beihai Shipbuilding
South Korea ship investment firm Kmarin (Kukje Maritime Investment Corporation) is said to have ordered two 325,000 dwt VLOCs at…
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US preparing ship interception strategy to enforce North Korea sanctions
Just days after ramping up sanctions on North Korea, with an emphasis on shipping, the US government is preparing to…
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Fortnight to go until the Maritime CEO Forum returns
There’s two weeks to go until the next edition of the Maritime CEO Forum. To be held at the Fullerton…
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Otto Marine seeks court protection
Singapore-based offshore shipbuilder Otto Marine has filed for protection in the Singapore High Court, according to Bloomberg. The company, which…
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Prolific Tan Binh makes buying return
One of Southeast Asia’s most prolific buyers of bulkers from 2014 to 2016 has decided the time is right to…
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Kumiai Senpaku orders pair of LPG carriers at Sasaki Zosen
In the gas carrier sector, Japanese yard Sasaki Zosen has received an order for a pair of 5,000 cu m…
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Winson Oil takes Maersk aframax
Maersk Tankers has offloaded its 15-year-old Japanese built in an off market deal to Singaporean outfit Winson Oil. Clarkson Research…
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28 ships included in new US sanctions against North Korea
The US administration of President Donald Trump is ratcheting up sanctions on North Korea with measures that hit shipping strongly,…
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Lars Modin takes over at Masterbulk
Former V.Ships exec Lars Modin has taken over as CEO of Singapore owner Masterbulk this month, replacing Nicholas Fisher. Fisher…
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Jakarta backs down on controversial coal export plans
Indonesian authorities have taken a step back in bringing in a controversial ruling that would have seen coal exporters forced…
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