Asia
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Moment of truth for Japanese shipbuilding with naming of landmark 20,000 teu ship
Yesterday saw the naming ceremony for the first ever Japanese-built 20,000 teu class containership. On a clear blue-skied day a…
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Mitsui takes 50% stake in AKOFS Offshore
Norway’s Akastor says it is in advanced discussions with Japenese trading and investment company Mitsui & Co to expand collaboration…
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Go Marine Group goes into administration
Australia’s Go Marine Group has become the latest casualty of the offshore downturn, having been placed into administration this week…
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Liquidators appointed at Mercator Lines
The Singapore dry bulk offshoot of India’s Mercator Group has appointed liquidators Yit Chee Wah and Joshua James Taylor today…
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Nova Shipping orders woodchip carrier pair at CSSC Chengxi
China’s CSSC Chengxi Shipyard has announced that it has entered into shipbuilding contracts with a Singapore owner for the construction…
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PHP becomes first recycling yard in Bangladesh to become Hong Kong compliant
Bangladesh now has a ship recycling yard that is in line with the Hong Kong Convention for the Safe and…
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90% of boxships on Asia-Europe set to be above 14,000 teu in capacity by 2020
Six years ago only 5% of the container vessels deployed on the Asia-Europe tradelane had a capacity in excess of…
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Cochin Shipyard forms jv with Hooghly Dock
Indian shipbuilding major Cochin Shipyard has incorporated a joint venture, Hooghly Cochin Shipyard, with Hooghly Dock & Port Engineering for…
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Rhodium Resources enters shipowning with supramax acquisition
Singapore-based commodity trading company Rhodium Resources has acquired three secondhand supramax bulk carriers, marking the company’s entry into the shipowning…
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ICTSI stumps up another $100m to boost Iraqi facilities
Manila-headquartered International Container Terminal Services Inc (ICTSI) is stumping up $100m for the second phase development of Basra Gateway Terminal…
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Polaris inks five more VLOCs at Hyundai Heavy
South Korea’s Polaris Shipping has wasted little time exercising options for yet more very large ore carriers (VLOCs). Polaris, in…
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MMA Offshore facing shareholder revolt led by Michael Kum’s Halom Investments
MMA Offshore’s largest shareholder Halom Investments, led by Singaporean OSV stalwart Michael Kum, is calling for the removal of the…
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Charity demands port and flag states are held accountable in crew abandonment fight
The charity Human Rights at Sea (HRAS) has called for greater resources to be deployed by both UN bodies, the…
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Korea Eximbank to sell stake in Dae Sun Shipbuilding
The Export-Import Bank of Korea (Korea Eximbank) is looking to sell its entire 67.27% shareholding in shipbuilder Dae Sun Shipbuilding…
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Duterte vows to blast Abu Sayyaf out of the seas
Not for the first time, President Rodrigo Duterte has spoken about his keenness to get very aggressive with pirates in…
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Samsung Heavy wins first order for new FSRU design
South Korean shipyard Samsung Heavy Industries (SHI) has won a $221m order to build a LNG-FSRU from a consortium comprising…
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Thoresen Shipping confirms Songa Bulk supramax acquisition
Thai owner Thoresen Shipping has announced the acquisition of 58,700 dwt supramax bulker Songa Marlin from Songa Bulk. Thoresen Shipping…
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Hanjin Group chairman dodges arrest warrant
Corruption charges against Cho Yang-ho, the chairman of South Korea’s Hanjin Group, have been put on ice. Cho had been…
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Shesh Venkatraman: The next chapter
News yesterday that Shesh Venkatraman will be departing his position of chief executive officer at Singapore offshore operator Miclyn Express…
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Plight of Malaviya Seven crew continues as auctioneer withdraws ship from sale
A solitary lowball bid for a detained OSV in Aberdeen yesterday saw an auctioneer cancel the ship’s sale, in the…
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