Asia
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Sembcorp Marine and Marco Polo reach settlement over cancelled jackup rig
Singapore’s Sembcorp Marine has announced that subsidiary PPL Shipyard and Marco Polo Marine’s Marco Polo Drilling have reached a settlement…
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L&T Hydrocarbon Engineering secures offshore EPCI contract
Mumbai-based L&T Hydrocarbon Engineering has secured an offshore contract from energy major ONGC. The contract, valued at $194m, is for…
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Djakarta Lloyd bounces back, eyes bulker buys
Indonesian line Djakarta Lloyd is making its first ship purchase moves since coming close to extinction three years ago. The…
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Second officer found dead on Russian car carrier
The second officer onboard the Russian car carrier was found dead on Sunday while the ship was docked at Japan’s…
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Sri Lanka to liberalise shipping sector
The Sri Lankan government is looking to mirror Singapore in liberalising its freight transport sector in a bid to become…
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Gadani hit by another fire
Lessons have yet to be learnt from multiple fire incidents at Pakistan’s Gadani shipbreaking yard over the past year. A…
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Jurong Shipyard fined over $294,000 for rig tilt accident
Singapore’s Ministry of Manpower (MoM) has imposed a fine of $400,000 ($294,247) on Sembcorp Marine’s Jurong Shipyard for failing in…
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Sembcorp Marine wins Statoil FPSO tender
Singapore’s Sembcorp Marine has announced that subsidiary Sembcorp Marine Rigs & Floaters has signed a letter of intent with Norway’s…
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MacGregor to lay off 190 employees
Offshore marine engineering service provider MacGregor, part of Cargotec, has announced planned cost saving measures which will see the split…
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Korea Line recovers $68m in charter dispute arbitration
Korea Line Corporation has won an arbitration case against a Chinese company regarding a charter contract dispute, recovering up to…
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Kim Heng targets Malaysia for its OSVs with new joint venture
Singapore’s Kim Heng Offshore & Marine has formed a joint venture with Malaysia’s RUHM Marine as it looks to utilise…
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Nine local names rally around embattled Marco Polo Marine
Nine Singapore entities have put together a S$60m ($44m) rescue fund to try and bail out locally listed offshore firm…
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Sembcorp Marine looks to the future with drones, 3D printing and digital twins
Singapore shipbuilder Sembcorp Marine, along with DNV GL, A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and the National Additive Manufacturing…
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MOL applies AI to estimate vessel performance
Japan’s Mitsui O.S.K. Lines has teamed up with Fujitsu Laboratories and Tokyo University of Marine Science and Technology to verify…
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Thoresen Thai adding another supramax
Thoresen Thai Agencies is continuing to expand its supramax fleet with the acquisition of the Tsuneishi Cebu-built, , reaching out…
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Ocean Freight Exchange: Multiplatform marketplace
Ocean Freight Exchange (OFE), a multiplatform marketplace for charterers, shipowners, and brokers in the dry bulk, tanker, and gas markets,…
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RCL orders feeder pair at Yangzijiang Shipbuilding
Thai boxship operator Regional Container Lines (RCL) has placed an order of two 1,668 teu feeder boxships at China’s Jinagsu…
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Eversendai awarded Saudi Aramco offshore fabrication contract
Malaysian engineering firm Eversendai has announced that its UAE subsidiary Eversendai Offshore has been awarded an offshore fabrication project for…
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MPA Singapore revokes Transocean Oil bunkering license
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Transocean…
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Akij secures supramax from New Vision
Greek owner New Vision Shipping has sold the 53,000 dwt , a 14-year-old supramax, to Bangladeshi buyers, Akij Group, sources…
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