Asia
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PIL turns 50, nears 500,000 slot mark
On the occasion of the 50th anniversary of the founding of Singapore liner firm Pacific International Lines (PIL), its managing…
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HMM signs up with 2M
Yesterday, Hyundai Merchant Marine (HMM) officially signed up to a strategic cooperation deal with the members of 2M, MSC and…
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Three Hanjin capes sold
State-run Korea Development Bank (KDB) has sold three capesizes that were part of defunct Hanjin Shipping’s fleet. The sales were…
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Endangered Sungdong workers urge Korean authorities to fix refund guarantee situation
Workers at struggling Sungdong Shipbuilding & Marine Engineering are begging state banks to help out and issue refund guarantees. A…
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Struggling DSME close to securing triple Angelicoussis VLCC order
Daewoo Shipbuilding & Marine Engineering’s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to…
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Daiichi Chuo turns the corner, nails first operating profit since 2010
One of the most high profile bankruptcies in dry bulk in recent years looks to have turned the corner. Daiichi…
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Atlantic Navigation wins $44m liftboat charter
Singapore’s Atlantic Navigation Holdings has been awarded a $44 million charter contract for liftboat by an unnamed Middle Eastern national…
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UMW awarded jackup contract by Petrofac
Malaysian offshore driller UMW Oil & Gas has received a letter of award from British oil company Petrofac for the…
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FSL Trust firms up its financial position
Singapore shipping trust FSL Trust Management has announced that it will pay down its syndicated loan facility by $20 million…
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Doriko takes first panamax in a decade
The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first…
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Dae Sun wins Shokuyu Tanker order
Dae Sun Shipbuilding & Engineering has won an order from Japan’s Shokuyu Tanker to build a 3,500 dwt stainless steel…
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Spliethoff orders six MPPs at Ouhua
Dutch outfit Spliethoff has ordered six multipurpose vessels at Zhejiang Ouhua Shipbuilding, a rare big order for a Chinese yard.…
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SM Group picked to take over STX Corp
A Samra Midas Group-led consortium was picked today as the preferred bidder for STX Corp. SM Group, best known as…
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Five Singaporean bunker tankers found to have dodgy mass flow meters
Having found irregularities with some of its mass flow meters Singapore’s Maritime Port Authority has suspended the harbour craft licences…
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Prime spunks nearly $11m for Dong-A Peneus
Prime Shipping of Vietnam has continued its S&P relationship with South Korea’s Dong-A Tankers. The active Vietnamese owner has paid…
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HSH Nordbank dismisses Rickmers Maritime’s latest restructuring plan
HSH Nordbank has thrown out the latest Rickmers Maritime restructuring proposal. However, the German bank, which is the largest senior…
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ICBC terminates Emas Offshore charter, claims $194.5m against Ezra
Singapore’s offshore vessel operator Emas Offshore has announced that its subsidiary Lewek Champion Shipping has received a notice of termination…
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Shocking report shows plight of stranded Indian crew
An 18-page harrowing report from Human Rights at Sea highlights the plight of another stranded crew. The Indian men working…
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Seadrill settles with Hyundai Samho over semi-sub cancellation
Offshore driller Seadrill has announced that it has reached a settlement agreement with Hyundai Samho Heavy Industries regarding the cancellation…
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Vinalines signs service contracts with Vinacomin
The Vietnam National Shipping Lines (Vinalines) has signed a strategic co-operation agreement with Vietnam National Coal – Mineral Industries Holding…
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