Asia
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Seven-year-old Rickmers boxship sent for scrap
A seven-year-old containership has set a new unfortunate record. The 2009-built built in China is being sent for scrap. Owned…
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MOL makes first OSV move, teams up with Kristian Røkke
The world’s largest shipowner by fleet numbers is moving into the depressed offshore vessel support field. Japan’s Mitsui OSK Lines…
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Aurora LPG board finally recommends BW takeover bid
The board of Aurora LPG has finally recommended BW LPG’s revised takeover offer. The board said today that the offer…
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Seamec secures vessel charter contract
Indian company Seamec has entered into a contract for the charter hire of vessel Revelation with Resolve Salvage and Fire…
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Samsung Heavy to delay Statoil rig project due to construction accident
South Korea’s Samsung Heavy Industries is to delay the construction a jackup rig being built at the shipyard after a…
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HMM offered slot exchanges with Maersk and MSC
Maersk Line says it and MSC are still trying to find a way to partner with Hyundai Merchant Marine (HMM)…
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Rickmers Maritime warns trust could be wound up
The trustee-manager of Rickmers Maritime warned last night that the trust could struggle to continue as a going concern as…
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Petronas to delay Samsung FLNG to 2020
Samsung Heavy Industries has suffered another offshore setback, with Malaysian energy giant Petronas delaying delivery of its giant newbuild FLNG…
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‘Political blundering over economic sense’: Hanjin’s demise attacked
The Korean government bungled the collapse of Hanjin Shipping and should have done away with Hyundai Merchant Marine (HMM) instead,…
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Korea Line pays $31.4m to enter the transpacific box trades
The transpacific has a new container player from South Korea. Hanjin Shipping said today compatriot Korea Line Corp has paid…
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Swissco officially seeks judicial management in Singapore
Troubled Singapore offshore operator has officially sought judicial management, weighed down by millions of debts and banks unwilling to support…
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Swiber sells barge, proceeds to go to DBS Bank
Swiber Holdings, under judicial management in Singapore since July, has managed to sell one of its older barges, the .…
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China Navigation takes bulker trio
Broking sources say China Navigation is the buyer of a trio of 38,800 dwt handysize newbuildings. The ships were originally…
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Japanese cape attacked off the Philippines
A capesize bulk carrier, , was attacked by pirates or militants on November 20 in the Sulu Sea, near the…
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Pacific Radiance enters arbitration with Waigaoqiao Shipbuilding
Singapore-listed Pacific Radiance has announced that it 50% owned joint venture company CA Offshore Investment has issued two notices of…
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HMM denies it has been vetoed from 2M
Hyundai Merchant Marine (HMM) sought to quell customer and investor concern over the weekend, denying reports in the Journal of…
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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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