Asia
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Reprieve for Perisai Petroleum Teknologi
Troubled Perisai Petroleum Teknologi, a Malaysian associate company of Emas Offshore, has got some breathing room from creditors thanks to…
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Transmed takes Nisshin kamsarmax trio
Nisshin Shipping’s rapid fleet pullback continues apace. Having put a trio of kamsarmaxes in the shop window a few weeks…
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Hanjin court verdict delayed to February
Hanjin Shipping’s fate will now be decided in February rather than December as originally planned. The Korean line, which sought…
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Oil smuggling caused tragic Gadani fire
The tragic Gadani fire on a beached tanker that claimed many lives on November took place due to smuggling of…
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Business rivalry cited in slaying of Indian stevedore boss
Police firmly believe that a business rivalry between stevedoring companies at the port of Odisha was the reason behind the…
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NYK and Macquarie invest in Maher Terminals
Nippon Yusen Kaisha (NYK) and Macquarie are taking a 20% stake in Maher Terminals, a company that operates a terminal…
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Legal spats proliferate for Swissco
Swissco Holdings, which entered interim judicial management earlier this week, has seen claims against it mount. Fellow Singapore offshore operator…
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Ultra Deep Solutions: The art of subsea
Shel Hutton: the man… the myth… the legend.” So gushes one contact of this dive veteran on LinkedIn, and indeed…
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Swiber Holdings under investigation
Swiber Holdings has announced that it has received a notice from Singapore’s Commercial Affairs Department that it is investigating an…
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Welding accident kills one, injures three
A worker was blown 60 metres to his death on the Indonesian island of Batam. A welding accident resulted in…
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V.Group acquires Selandia Ship Management
V.Group has announced the acquisition of Indian ship manager Selandia as part of its strategy to grow its offering to…
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Rickmers misses interest payment, suspends shares
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, says it is unable to pay an interest payment of S$4.26m ($3m)…
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Hyundai Heavy Industries confirms spilt
South Korea’s Hyundai Heavy Industries (HHI) said yesterday that it will split its non-shipbuilding businesses into separate companies to improve…
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Sembcorp Marine offloads stake in Cosco Shipyard
Singapore shipbuilder Sembcorp Marine has entered into a sale and purchase agreement with Cosco to dispose of its 30% equity…
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CTM revealed as MOL cape buyer
Monaco-based bulk giant CTM has emerged as the buyer of the MOL-controlled two-year-old capesize. Brokers had been banding around a…
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Swissco follows Swiber in seeking judicial management
Swissco Holdings has followed fellow Singaporean offshore firm Swiber Holdings into interim judicial management as creditors rejected its restructuring plan…
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British fund eyes STX yards
Yonhap, South Korea’s official newswire, is reporting an unnamed British investment fund has submitted a letter of intent to a…
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K Line contests Australian car carrier cartel claims
Japan’s Kawasaki Kisen Kaisha (K Line) has decided to fight criminal cartel charges it has been accused of in Australia.…
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Kyklades and Aza conclude second suezmax sale
Greece’s Kyklades Maritime Corp has completed its second suezmax sale to the same Indian owner in the space of just…
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HMM setback as Korea Line wins latest Hanjin bid
In another setback to Hyundai Merchant Marine’s (HMM) plans to bolster its fleet by picking up parts of the defunct…
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