Asia
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Hanjin Shipping finally declared bankrupt
Hanjin Shipping was declared bankrupt today at a court in Seoul, bringing final closure to one of the most high…
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Obituary: Hanjin Shipping
Hanjin Shipping, a global container carrier of note, was born in 1977 and passed away on 17 February 2017, a…
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Solvang orders ethylene carriers
Solvang and partners have today signed a letter of intent with South Korea’s Hyundai Mipo Dockyard for the construction of…
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Ocean Yield fixes 4-month deal with Ezra
Norway’s Ocean Yield has come to an agreement with troubled Singaporean offshore firm Ezra Holdings over the charter of the…
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Vinashinlines corruption trial underway in Hanoi
A trial is underway in Hanoi with four men accused of embezzling of around $11.5m from state-owned Vinashinlines. Three of…
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HMM secures more Hanjin terminals
A day before Hanjin Shipping is expected to be declared bankrupt by a court in Seoul compatriot Hyundai Merchant Marine…
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As annual losses balloon, Rickmers Maritime Trust reiterates going concern worries
Struggling Rickmers Maritime Trust (RMT) posted a full year loss of $180m, red ink spiraling 39% more than in 2015…
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Kuok taps own salvage firm to refloat one of his bulkers
Semco Salvage & Towage has refloated the grounded Alam Manis, a handymax belonging to Malaysian Bulk Carriers (MBC). Both Semco…
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Samsung C&T orders four deck carriers at Hubei Offshore Engineering
South Korea’s Samsung C&T has signed shipbuilding contracts with Hubei Offshore Engineering Equipment, a unit of Wuchang Shipbuilding Industry, for…
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Ezra Holdings faces EMAS AMC wind up
The run of bad news continues for Singapore offshore firm Ezra Holdings. The company has announced that EMAS AMC, a…
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SM Line will deploy just one transpacific string from next month
Brand new liner firm SM Line from South Korea is scaling back on its transpacific foray. SM Line had planned…
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HMM says it is in discussions with Walmart as Hanjin replacement
The head of Hyundai Merchant Marine (HMM) has moved to scotch rumours circulating in local Korean media that American retail…
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Petronet acquires stake in LNG carrier
Indian’s state run gas importer Petronet LNG has acquired a 26% stake in India LNG Tranport Company (No. 4), a…
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Stranded crew on Chinese bulker to return from India soon
The 23 crewmembers on the Chinese vessel , which has been detained in India’s Haldia Port for over 40 days, will be…
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ICTSI relinquishes running Brunei terminal
A state-backed entity will take control of Brunei’s top container terminal in a week’s time. Muara Container Terminal has been…
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Gas leak kills one, injures three
A seafarer of a Vietnamese general cargo vessel was killed, while three others hospitalised after inhaling toxic fumes following a…
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PDZ claims to be unfazed by vessel arrest
Malaysia’s PDZ Holdings has tried to play down the financial impact from the arrest of its vessel over unpaid bunker…
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HMM readies orders as $632m state windfall lands
Hyundai Merchant Marine (HMM), South Korea’s flagship carrier, is about to receive a massive KRW720bn ($632m) in state funds to…
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Sinochem in talks to take a stake in Noble Group
State-run Sinochem is in talks to take a stake in troubled commodities giant Noble Group. While not mentioning the Chinese…
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Ezra shares tumble another 11% as Ocean Yield cancels bareboat charter
Shares in Ezra Holdings plummeted another 11.1% today to close in Singapore on just 2.4 Singapore cents. Investors have continued…
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