Asia
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HMM eyes new ships
South Korea’s Hyundai Merchant Marine (HMM) has set up a team to start assessing where to place new ship orders…
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New Delhi approves sweeping changes to Indian ports
The Indian government yesterday approved the Major Port Authorities Act, 2016, arguably the biggest regulatory change in Indian shipping in…
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Chevron cancels FPSO at Hyundai Heavy Industries
Energy major Chevron has cancelled a $1.9bn contract with South Korea’s Hyundai Hyundai Heavy Industries (HHI) for the construction of…
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Singapore takes the LNG bunkering lead
The republic is pressing ahead with all sorts of initiatives to make LNG as a ship fuel more attractive Singapore…
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Makamin and POSH dispute escalates
Singapore-listed PACC Offshore Services has announced that Saudi Arabia-based Makamin Offshore is claiming SAR220m ($58.6m) in alleged damages against a…
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Korea Line reveals transpac routes
Korea Line Corporation (KLC), which became a surprise new entrant on the transpacific box trades last month, has revealed details…
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HMM paying ‘heavy price’ for 2M deal
Hyundai Merchant Marine (HMM) will pay a “heavy price” for access to the 2M services offered by Maersk and MSC,…
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Chennai cyclone wrecks 13 OSV newbuilds
Cyclone Vardah, which ripped through Chennai on Monday, wrought massive damage to the east coast Indian city, killing 18 and…
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Seaspan commits panamax volte-face
Having earlier this year hit the headlines for sending youthful panamax boxships for scrap, Gerry Wang’s Seaspan has changed tack,…
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Is China’s new Silk Road a risk to Singapore?
Earlier this year I wrote an article arguing that Myanmar will play a pivotal and key strategic role in China’s…
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Perisai Petroleum Teknologi pursues Emas Offshore put option
Having announced last week that it had terminated an agreement with Malaysia’s Perisai Petroleum Teknologi regarding a put option on…
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MOL combines chemical elements
Japan’s Mitsui OSK Lines (MOL) is performing some alchemy, making changes to its chemical carrier divisions. Starting January 1 next…
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‘The Singapore proposition is still there but we need to be on our toes’
An exclusive interview with Esben Poulsson, the president of the Singapore Shipping Association. Esben Poulsson was elected earlier this year…
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KMTC takes Hanjin quartet
Creditors are having some success at selling off Hanjin Shipping ships – even unfavoured panamax boxships have found buyers. South…
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Hanjin liquidation one step closer
Samil PricewaterhouseCoopers (PwC) is recommending Hanjin Shipping be liquidated, likely marking the end of what was once South Korea’s largest…
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Emas Offshore reaches deal to refinance debt
Emas Offshore, part of Singapore’s Ezra Holdings, says it has reached a deal with lenders to refinance its financial obligations…
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PSA plans ahead
Despite current tricky trading conditions, the country’s top terminal operator continues to build business and tech partnerships. Amid tricky conditions…
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Striking Sri Lankan dockworkers fired upon
Sri Lankan naval troops fired warning shots on Saturday to break up a protest by striking dock workers who had…
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Rickmers Trust admits seven-year-old ship has been sold
Embattled Rickmers Trust Management has entered into a deed of consent with the Singapore branch of Commerzbank to settle some…
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HMM boss puts brave face on 2M decision
Putting a brave face on the disappointment of not getting full membership to a key container alliance, the head of…
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