Asia
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IMC Group orders tanker quartet at GSI
Singapore’s IMC Group has signed shipbuilding contracts with Guangzhou Shipyard International, an affiliate yard of CSSC Offshore & Marine Engineering,…
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Seamec secures DSV charter from IGOPL
Indian subsea vessel operator Seamec has entered into a contract with compatriot company IGOPL Offshore for the charter of its…
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L&T Hydrocarbon Engineering secures $229m ONGC contract
Mumbai-based L&T Hydrocarbon Engineering has signed an offshore contract with domestic energy major ONGC for Bassein Development 3 Well Platform…
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Ama Marine adds another chemical tanker
Thai owner AMA Marine is moving ahead with its fleet expansion plans adding its first ship of the year. Last…
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Western India Shipyard to be liquidated
India’s ICICI Bank has initiated insolvency proceeding against Western India Shipyard, a subsidiary ship repair yard of ABG Shipyard. Western…
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MOL boss warns disruptive innovations will reshape shipping
Shipping should not shy away from opportunities brought around by the so-called sharing economy with the leader of Japan’s largest…
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Meiji Shipping readies dramatic expansion
Low profile Japanese owner Meiji Shipping is readying a dramatic fleet expansion. The Tokyo-headquartered diverse owner is currently listed with…
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More than 500 bulkers hit by severe coal terminal congestion in Asia
Severe port congestion both to load and unload coal is affecting more than 500 dry bulk vessels, according to data…
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Myanmar emerging as China’s west coast
A recent public speaking trip through Asia discussing the ongoing developments within the China Belt Road Initiative (BRI) exposed a…
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HMM CEO outlines plans to double fleet size by 2022
In a new year’s address to employees Yoo Chang-Keun has laid down plans to double the size of Hyundai Merchant…
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India’s LNG carrier dreams are over
India’s long-held aspirations to build an LNG carrier on home soil have been shelved. New Delhi had been pursuing the…
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Hyundai Glovis secures contracts worth $1.3bn
Hyundai Glovis, the auto shipping unit of South Korea’s Hyundai Motor Group, has secured KRW1.42 trillion ($1.3bn) worth of contracts…
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US court papers show Keppel dished out punitive measures to 17 employees for Brazil bribery
Singapore-based Keppel Offshore & Marine has disciplined 17 employees with punishments including dismissals, demotions and big financial penalties, according to…
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Shipping Corporation of India sends ageing tanker for scrap
Shipping Corporation of India (SCI) has announced the sale of 1999-built tanker . The 51,793 dwt vessel had been circulated…
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Keppel’s bribe case settlement followed plea deal by former company lawyer, US court papers show
Last week’s $422m court settlement by Singapore-based Keppel Offshore and Marine with the US Department of Justice (DOJ) followed a…
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Chemical tanker order cancelled at Triyards
Singapore offshore shipbuilder Triyards Holdings has not enjoyed the fruits of a diversification drive, with subsidiary Saigon Offshore Fabrication and…
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Ultra Deep Solutions completes year-end charter hat-trick
Singapore’s Ultra Deep Solutions has entered into another long-term charter contract, announcing today the fixing of dive support construction vessel…
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Privatisation of Dredging Corp of India stirs controversy
The ongoing impasse between Vizag- based and listed public sector company, Dredging Corporation of India (DCI) and its employees is…
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Chinese firm to acquire STX Corporation
AFC Korea, a unit of Chinese private equity fund AFC, has been selected by The Korea Development Bank (KDB) as…
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Merged ONE to deliver savings of $440m in its first fiscal year
The merger of Japan’s three largest containerlines is expected to cut costs by a combined Y50bn ($440m) in its first…
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