Asia
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STX’s Goseong Offshore & Shipbuilding auction fails
South Korea’s Goseong Offshore & Shipbuilding, a subsidiary yard of bankrupt STX Offshore & Shipbuilding, has failed to attract bidders…
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Great Eastern Shipping acquires secondhand Lemos suezmax
India’s Great Eastern Shipping has signed a contract to buy a 150,000 dwt suezmax crude carrier. The vessel is expected…
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Typhoon takes its toll in the Philippines
Authorities are working hard to contain an environmental disaster in the Philippines after the locally flagged product tanker grounded near…
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Families of Gadani victims to receive $19,000 each
Authorities have finally decided to award Rs2m ($19,000) to the families of the victims from the November 1 fire at…
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Hyundai Heavy wins contract to build Asia’s largest FSRU
Hyundai Heavy Industries (HHI) has won a contract to build India’s first and Asia’s biggest floating storage regasification unit (FSRU)…
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VPS launches Mass Flow Meter Performance Investigation Service
With the imminent implementation of mandatory use of Mass Flow Meters (MFMs) for all heavy fuel supplies in the port…
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Hong Kong Convention on a knife-edge in 2017
In the final week of the year, we’re looking ahead each day to what’s in store in the months ahead.…
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Emas Offshore settles with Perisai Petroeum Teknologi
Emas Offshore, an offshoot of under pressure Ezra Holdings of Singapore, has settled a dispute with Malaysia’s Perisai Petroeum Teknologi…
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DSME pockets $58m from sale of ship design firm
Daewoo Shipbuilding & Marine Engineering (DSME), a major Korean yard that is going through restructuring, announced on Friday that is…
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Icon Offshore lands contract from EQ Petroleum
Malaysian offshore service provider Icon Offshore has announced that it has been awarded a contract provide one straight supply vessel…
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Myanmar’s role along China’s new Silk Road
In September of this year I wrote an article arguing that Myanmar will play a pivotal and key strategic role…
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Korean Register appoints new chairman
The Korean Register of Shipping (KR) has appointed Lee Jung-Gee, former executive vice president, as its new chairman. Lee has…
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OceanGold bags bargain Japanese MR tanker
Japan’s Masumoto Shipping has sold a pump room type MR tanker called to OceanGold of Greece for a price Clarkson…
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K Line sues APL Logistics over false bankruptcy rumours
Kawasaki Kisen Kaisha (K Line) yesterday took APL Logistics to court in Tokyo, suing the company for falsely stating that…
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Gadani rocked by another fire
The Pakistani ship recycling centre Gadani suffered another fire yesterday. Fortunately no one was killed when welders caused an explosion…
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Pacific Radiance integrates Mexico assets
Offshore marine services provider Pacific Radiance is transferring its key operations and assets in Mexico into a joint venture. The…
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Vinalines to sell off shipyard asset
Vietnam’s state run Vietnam National Shipping Lines (Vinalines) has submitted its capital divestment plan for Vinalines Shipyard Company to the…
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BW enters energy markets with Gabon oilfield investment
Andreas Sohmen-Pao’s BW Group has branched out again, this time entering the energy sector. BW Offshore has in partnership with…
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Noteholders reject Rickmers Trust restructuring
Rickmers Trust Management has revealed that holders of the trust’s S$100m 8.45% notes due next year have not agreed to…
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Hanjin Shipping sells Long Beach terminal stake to MSC
Bankrupt Hanjin Shipping has signed a deal with MSC to sell its 54% stake in Total Terminals International, an operator…
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