Asia
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Kogas selects Korea Line and Samsung Heavy for Jeju LNG project
Korea Gas Corporation (Kogas) has selected Korea Line Corporation and Samsung Heavy Industries to build and operate a pair of…
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‘Rolling like I’m inside a washing machine’: Terrifying account of the sinking of the Stellar Daisy
The two survivors of the sinking have related how the ore carrier sank very rapidly in a report seen by…
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DSME’s top bondholder and creditor finally find common ground to save the yard
A deal has been reached to save one of the world’s largest shipbuilders. Doubts had been growing this month that…
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Pelayaran Tamarin Samudra plans May IPO
Indonesian offshore vessel operator Pelayaran Tamarin Samudra has announced a plan for its IPO on the Jakarta Stock Exchange. Pelayaran…
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Marco Polo Marine proposes debt restructuring
Singapore offshore vessel operator Marco Polo Marine has proposed a refinancing and debt restructuring exercise of all its current secured…
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Swissco sells AHTS to reduce debt
The interim judicial managers of Singapore OSV operator Swissco Holdings has announced that subsidiary Swissco Offshore has entered into a…
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Another defect found on a Polaris VLOC
The hunt for the has been plunged into chaos with another converted VLOC that had been leading the search and…
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Burnt boxes on MSC Daniela still too hot to handle 9 days after blaze
Nine days after a blaze broke out in the aft section of the 13,800 teu firefighters are still having to…
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KMTC sells last bulker to focus on boxships
Korea Marine Transport (KMTC) has sold the last bulk carrier in its fleet and will focus on container shipping business.…
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Could Stellar Daisy spark an end to the converted VLOC?
Could a significant chunk of the global dry bulk fleet be set for accelerated scrapping? With a third elderly Polaris…
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Samudera to sell six ships as part of plans to exit Indonesian domestic trades
Singapore-listed Samudera Shipping is seeking shareholders’ permission to sell ships as it pushes ahead with a strategy to exit the…
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Burmese owner sends five for scrapping
Myanmar’s Continental Investment Holdings (CIH) has been making the most of high demolition prices by sending five boxships for scrap…
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Rickmers Trust to be wound up
Singapore’s Rickmers Trust Management is to be wound up after it failed to thrash out a satisfactory deal with lead…
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South Korea’s foreign minister vows to mobilise all resources to track down missing Stellar Daisy
South Korea’s foreign minister visited the headquarters of Polaris Shipping in Busan yesterday and vowed to up resources in the…
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Polaris Shipping inspecting entire fleet in wake of Stellar Daisy sinking
Polaris Shipping, the world’s largest VLOC owner, is now carrying out inspections on all its fleet in the wake of…
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Keppel agrees to sell Rotterdam yard to Damen
Singapore’s Keppel Offshore & Marine has entered into a term sheet agreement with Damen Shipyards Group for the sale of…
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SM Line takes another feeder
SM Line, the brand new containerline, continues its dramatically fast fleet build up. Brokers report the Korean company, an offshoot…
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HMM in for up to 10 DSME VLCCs
Hyundai Merchant Marine (HMM) has signed a letter of intent with Daewoo Shipbuilding & Marine Engineering (DSME) to build five…
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KS Energy executives questioned by Singapore police
KS Energy’s father and son duo Kris Wiluan and Richard Wiluan were taken into custody last week by the Commercial…
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APL debuts Indonesia’s first direct box link to the US
Indonesia has its first direct transpacific box link with the departure today of an APL boxship bound for Los Angeles.…
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