Asia
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HMM’s net loss for 2017 balloons to more than a billion dollars
South Korea’s leading line Hyundai Merchant Marine (HMM) issued its unaudited results for 2017 today with the red ink flowing…
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Keppel says court papers not received in US civil case over Brazil bribes
Singapore-based Keppel Offshore & Marine (Keppel O&M) has not been served court papers in relation to a civil case being…
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Baker Technology secures liftboat charter
Singapore design and construction firm Baker Technology has secured a time charter contract for newbuild liftboat . The liftboat, designed…
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HMM poised to order 20 giant boxships
Multiple sources in South Korea are now reporting that Hyundai Merchant Marine (HMM) will very shortly put pen to paper…
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BW back at DSME for LNG pair
BW LNG has placed an order for two 173,400 cu m LNG carriers at its favoured yard in South Korea,…
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New head of offshore marine at Bumi Armada
Shaharul Rezza bin Hassan, executive director and head of offshore marine services at Malaysia’s Bumi Armada, has resigned to pursue interests…
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HMM ties the knot with MSC, Hapag-Lloyd and ONE for three South American services
Post-restructuring Hyundai Merchant Marine (HMM) has been keen to develop business lines in partnerships wherever possible. Its latest breakthrough was…
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Ultra Deep Solutions makes pipelay vessel play
Singapore’s Ultra Deep Solutions says it is currently exploring the cost to build a 5000 ton lift deepwater flexible pipelay…
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Evergreen in for eight Samsung 12,000 teu ships
Splash can reveal that Evergreen has put pen to paper for eight 12,000 teu boxships at Samsung Heavy Industries in…
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Ezion Holdings secures $1.5bn refinancing
Singapore liftboat specialist Ezion Holdings has secured a $1.5bn refinancing package with its six secured lenders. DBS, OCBC, UOB, MayBank, CIMB and…
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Djakarta Lloyd finally seals a deal for a supramax
Three months on from Indonesia’s Djakarta Lloyd narrowly failed bid to make its first big ship purchase since skirting close…
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Philippines lays out the welcome mat for global shipbuilders
The Philippines is going all out to attract shipbuilders to set up shop in the archipelago. With already well-known shipyard…
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Khalid Hashim warns of extreme volatility for dry bulk in coming two years
Khalid Hashim, a veteran of the dry bulk industry, has warned that the sector faces extreme volatility this year and…
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HBA Offshore: IPO on the cards
HBA Offshore, a Singapore-based integrated solution provider in the offshore sector, is well prepared to stride across the doldrums in…
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MOL orders LNG bunkering vessel at Hudong Zhonghua
Japanese owner Mitsui O.S.K. Lines (MOL) has placed an order at CSSC-affiliated Hudong Zhonghua Shipbuilding for the construction of a…
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Cosco Pakistan head gunned down in Karachi
A senior official from Cosco Shipping Line Pakistan was shot dead in his car in Karachi yesterday. According to local…
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Epic Gas: Low orderbook bodes well
Charles Maltby, chairman and CEO of Epic Gas, has a challenge for all those in shipping outside of LPG. No…
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HMM teams with AAL for new multipurpose service
In the multipurpose sector South Korea’s Hyundai Merchant Marine (HMM) is to start working with Singapore-based carrier, AAL. HMM and…
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Sapura Energy secures $231m worth of new contracts
Malaysian offshore service provider Sapura Energy has secured a series of new contracts totalling RM905m ($231m) for engineering, procurement, construction…
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United Overseas Bank ditches shares in Marco Polo Marine
United Overseas Bank (UOB) has announced that it has sold its entire 10.29% stake in Marco Polo Marine for about…
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