Asia
-
Last payouts made at defunct Rickmers Maritime Trust
Rickmers Maritime Trust has been wound up with the last payments made to unsecured creditors, leaving many investors out of…
Read More » -
Charter fixed for the world’s largest FSRU
The world’s largest FSRU – due to be delivered in a couple of months – has found a charter in…
Read More » -
PetroVietnam ready to liquidate Dung Quat Shipyard
State-run energy firm PetroVietnam is prepared to liquidate a loss-making shipyard it owns. In a report filed to the trade…
Read More » -
Singapore and Japan forge LNG-fuelled car carrier ties
The Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure,…
Read More » -
MOL joins blockchain consortium
Japan’s Mitsui O.S.K. Lines (MOL) has announced it has will participate in a Japanese consortium to developing a trade data…
Read More » -
Tanker watchers keep an eye on JX Ocean’s VLCC sale
The fleet rejuvenation scheme at Japan’s JX Ocean will reach an interesting crossroads this Wednesday. JX Ocean – part of…
Read More » -
World Marine sells chunk of assets to ST Engineering for $25m
Rig repair, fabrication and services company World Marine of Mississippi (WMM) has sold a number of its assets to Singapore…
Read More » -
MOL tanker cleared to depart New York after grounding
An oil products tanker that ran aground briefly in the shipping channel between New York and New Jersey did not…
Read More » -
Brazil takes steps against substandard Asian shipbreakers
Brazil’s federal environmental watchdog Ibama is taking measures to ensure the nation’s big exporters do not offload their older ships…
Read More » -
Seoul creates $4.4bn company to aid maritime turnaround
In the ongoing resuscitation of the nation’s ailing shipping and shipbuilding sectors, South Korea’s Ministry of Oceans and Fisheries is…
Read More » -
Massive multinational search and rescue effort comes to a close off Singapore
The US Navy has taken the decision to stop searching waters around Singapore for the missing eight seafarers following Monday’s…
Read More » -
Foremost Group orders bulker pair at Oshima Shipbuilding
New York-based dry bulk owner Foremost Group has signed shipbuilding contracts with Japan’s Oshima Shipbuilding for the construction of two…
Read More » -
Sovereign Shipping: Shipbroking in the digital era
Singapore-based shipbroking firm Sovereign Shipping is going through its own digital transformation, developing an S&P app. Wong Hong Lee, managing…
Read More » -
KrisEnergy to develop Cambodia’s first offshore field
Singapore’s KrisEnergy has signed a deal with Cambodia government yesterday to develop the country’s first offshore oil field. KrisEnergy, the…
Read More » -
Hyundai Heavy asks 5,000 workers to take unpaid leave
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, is seeking to get 30% of its 17,000-strong workforce to agree to…
Read More » -
NYK aims for remote-controlled transpacific voyage by 2019
Nippon Yusen Kaisha (NYK) is looking to test run a remote-controlled containership transit across the Pacific in 2019, according to…
Read More » -
Search fans out for missing American sailors off Singapore
Search and rescue teams fanned out across more than 2,600 sq km of Southeast Asian waters today in a bid…
Read More » -
Unions blast creditors over Sunday’s four deaths at STX
A pair of trade unions in South Korea have laid the blame for the deaths of four subcontractors at STX…
Read More » -
Tsuneishi plows ahead with landmark shipbreaking facility in the Philippines
Japanese shipyard giant Tsuneishi is plowing ahead with a landmark shipbreaking facility in Southeast Asia. Tsuneishi is building a ship…
Read More » -
Repsol contracts UMW jackup in Malaysia
Malaysia’s UMW Oil & Gas Corporation has announced that that UMW Offshore Drilling has sealed a contract with Repsol Oil…
Read More »