Asia
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SK Shipping becomes latest Korean line to restructure
SK Shipping has become the latest Korean line to announce a major restructuring. South Korea’s fourth largest shipping firm will…
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Pan Ocean orders five wood pulp carriers
South Korean owner Pan Ocean has announced that it has signed a consecutive voyage contracts with Brazilian forestry company Fibria.…
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Australian authorities recover cash for underpaid Filipino seafarers
Australia’s Fair Work Ombudsman has recovered A$100,649 ($77,309) for ten seafarers from the Philippines who were underpaid while working in…
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Hyundai Heavy to be split up
Shareholders of Hyundai Heavy Industries (HHI), South Korea’s top shipyard, have approved a restructuring plan whereby the conglomerate will be…
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Central Shipping Monaco adds another at Hyundai-Vinashin
Central Shipping Monaco, owned by Evangelos Pistiolis, has exercised an option to build a 50,000 dwt MR tanker. The option…
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Helix Energy forces foreclosure of Emas Marine Base in Texas
Emas Chiyoda Subsea, already plagued by multiple legal actions against it for non-payment, has been dealt a further blow by Helix…
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Hanjin slides to 100th spot in Alphaliner’s rankings
Once the seventh largest containerline in the world, South Korea’s Hanjin Shipping now stands in 100th position on Alphaliner’s list…
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MOL restructures organisation, eyes new businesses
One of the world’s largest shipping companies, Mitsui OSK Lines (MOL) from Japan, is restructuring its organisation again. Last April…
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Hyundai Heavy staff in three-day strike
15,000 workers at the world’s largest shipbuilder downed tools yesterday for what will be a three-day strike in protest at…
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Train wrecks, shipping and transparency
“A train wreck in slow motion.” That’s how Venkatraman Sheshashayee, the offshore veteran and CEO of Micyln Express Offshore, described…
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MOL invests in Seajacks
In line with its recently announced intentions to aggressively expand in offshore, Japanese shipping giant Mitsui OSK Lines (MOL) is…
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Chinese firm replaces ICTSI in Brunei
A Chinese terminal operator will take the slot vacated by Philippines-based ICTSI at Brunei’s top container facility. Guangxi Beibu Gulf…
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Pakistani seafarers face deportation from Australia after failed asylum leap
Australia’s Immigration Department has ruled it will deport three Pakistani seafarers who jumped from their livestock carrier last week in…
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Cracked pipe kills seafarer
A Ukrainian seafarer was killed yesterday in Bangladesh when a cracked engine pipe onboard the general cargo ship gushed scolding…
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SPP to hand over final ship tomorrow and face liquidation
Tomorrow SPP Shipbuilding will deliver its final vessel and then face liquidation. Once the world’s foremost chemical carrier manufacturer, the…
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Bibby gets green light for Emas Chiyoda Subsea vessel arrest
Bibby Offshore has advanced in its Texas court case against Emas Chiyoda Subsea, with the judge granting the company permission…
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Former Vinashinlines execs sentenced to death for corruption
Two former executives accused of embezzling around $11.5m from state-owned Vinashinlines have been handed death sentences by a court in…
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Ezion postpones delivery of four rigs
Struggling Singapore-listed Ezion Holdings has postponed taking four service rigs indefinitely in a move that it says will save it…
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Vallianz trades new shares to cancel some debts
Vallianz Holdings is offering new shares to 13 of the companies it owes money to in order to balance its…
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NYK eyes exit from Emas Chiyoda Subsea
Market rumours are flying in Singapore around the embattled subsea venture Emas Chiyoda Subsea with talk of Kristian Siem and…
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