Asia
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Swiber seeks to extend period of judicial management
Swiber Holdings has sought to extend its period under judicial management, Singapore’s version of bankruptcy protection. The offshore firm, and…
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STX Engine up for sale
State-run Korea Development Bank has put STX Engine up for sale. The marine engine manufacturer has been in restructuring for…
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PDZ sends arrested feeder boxship to scrap
Malaysian owner PDZ has sold 1993-built 700 teu container vessel for scrap. The vessel was arrested in January over unpaid…
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Abu Sayyaf beheads two seafarers
Philippine armed forces discovered the beheaded bodies this morning of two Vietnamese seafarers abducted by Muslim terror group Abu Sayyaf…
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Hyundai Heavy at loggerheads with trade union, braces for more strikes
Just as it is getting back on track, nailing new orders, the world’s largest shipbuilder finds itself at a risky…
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Damen closes in on Mangalia
Romania’s largest shipbuilder could be bought by Damen Shipyards. Mangalia, owned by restructuring Daewoo Shipbuilding & Marine Engineering, has been…
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Filipino owners urged to order at domestic yards
Filipino shipowners and operators in the domestic trade have been urged to order ships with local shipbuilders for the modernisation…
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Oaktree sells product tanker to PetroVietnam
Investment outfit Oaktree Capital Management has let go of one of a product tanker, selling the 13,200 dwt to PetroVietnam…
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STX comes out of restructuring early
The court-led restructuring of STX Offshore & Shipbuilding has come to an early end with the Korean yard now able…
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Dynacom Tankers acquires VLCC from Kyoei Tankers
Greek owner Dynacom Tankers has acquired a secondhand VLCC from Japanese owner Kyoei Tankers. VesselsValue shows that Dynacom Tankers bought…
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Yinson Holdings sells 26% stake in Ghana FPSO to Japanese consortium
Malaysia’s Yinson Holdings has entered into a heads of agreement with a consortium of Japanese companies for the disposal of…
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Japan’s big three insist box merger is still on track despite missing key deadline
While they continue to speak as one, Japan’s largest shipping companies have failed to meet a July 1 date set…
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Kyoei Tanker orders VLCC at JMU
Kyoei Tanker announced has placed an order for a 311,000 dwt VLCC with compatriot yard Japan Marine United (JMU). The…
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Keppel completes sale of Rotterdam yard to Damen for $26.85m
Singapore’s Keppel Offshore & Marine has completed the sale of Keppel Verolme to Damen Shipyards Group, revealing a sale price…
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Precious Shipping bulker runs aground off Norfolk, Virginia
A bulk carrier owned by Thailand’s Precious Shipping ran aground off Sewell’s Point in Norfolk, Virginia on Thursday. The 2008-built…
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Dalian line with ties to North Korea blacklisted by the US
A Dalian-based shipping line has been blacklisted by the US for its links to North Korea. Dalian Global Unity Shipping…
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Waigaoqiao Shipbuilding enters arbitration with ESSM over jackup delay
China State Shipbuilding Corporation (CSSC) has announced that Shanghai Waigaoqiao Shipbuilding has entered into an arbitration process in London with…
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Subsea 7 takes on EMAS Chiyoda Subsea business units and 850 staff
Subsea 7 has picked up a number of businesses from EMAS Chiyoda Subsea (ECS), the subsea joint venture led by Singapore’s Ezra…
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Korean Register HQ raided as Stellar Daisy investigation heats up
The Busan headquarters of class society Korean Register (KR) were raided yesterday in the ongoing investigation into the sinking of…
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NYK seals LNG partnership and charter deal with Kyushu Electric Power
Japanese owner NYK and Kyushu Electric Power have signed an agreement to establish an LNG transport partnership. Under the agreement,…
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