Asia
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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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Sembcorp Marine sell stake in Chinese tech firm
Singapore’s Sembcorp Marine has sold its 70% equity interest in Shanghai Guofeng Marine Engineering and Technology (SGMET) to the other…
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Three more ships join search for missing Stellar Daisy
According to the Uruguayan navy, which has been coordinating the search for the missing , the number of vessels scouring…
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Rule changes could happen in wake of Stellar Daisy sinking: Korean Register
The Korean Register of Shipping, the classification society under fire from last Friday’s likely sinking of the VLOC, has admitted…
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Adani linked with buying APM Terminals’ Pipavav facility
APM Terminals refuses to be drawn on speculation in India that is looking to pull out of Pipavav port in…
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Attention turns to Polaris’s 19 converted bulkers
A Korean seafarers union has questioned whether Polaris Shipping’s fleet is fit for purpose and suggested tankers that have been…
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Giant UASC boxship aground off Port Klang
The 13,500 teu boxship , once the largest boxship in United Arab Shipping Company’s (UASC) fleet, has run aground off…
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SM Group eyes takeover of Korea Ship Finance
South Korea’s Samra Midas (SM) Group is looking to take control of Korea Ship Finance through acquiring major stakes in…
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Stellar Daisy: Contagion rather than containment
I woke on Saturday to the terrible news coming from Uruguay that the giant 266,000 dwt bulker had disappeared in…
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Philippine Bureau of Customs taken to court over ‘unwarranted’ tanker seizure
Magnolia Shipping, a Singapore offshoot of Greece’s Sea World, has taken the Philippines’ Bureau of Customs to court over a…
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