Asia
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Bangladeshi order for three Yangzijiang tankers
Bangladesh can rank as one of Asia’s more aggressive shipping nations in terms of acquisitions in 2016. While most of…
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SPP Shipbuilding to close
South Korea’s SPP Shipbuilding, once one of the world’s foremost chemical carrier makers, will be shut down in late March…
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Indonesian pirates handed lengthy prison sentences
Eight Indonesians were sentenced yesterday to between 15 and 18 years in prison by a Malaysian court for the hijacking…
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Currency restrictions hamper India breakers
Brokers report that the government crackdown on 500 and 1,000 rupee notes which are no longer legal tender is changing…
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Four Hanjin tankers sold
South Korea’s Woori Bank has sold four tankers owned by endangered Hanjin Shipping for $58.6m to claw back some debt.…
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Hanjin Cape Lambert resold for half a million less
Brokers tell Splash that a ship India’s Great Eastern attempted to purchase at the end of October, failed. This time…
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Singapore government intervenes to save struggling offshore sector
The Singapore government has stepped in to protect the nation’s hard hit offshore marine sector. The measures include boosting International…
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HMM to take Hanjin’s Algericas terminal
Hyundai Merchant Marine from South Korea has been selected as preferred bidder to buy a terminal in the Spanish port…
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Final Gadani fire death toll still unknown
24 days have passed since the terrible explosion that ripped through a beached FSO at Pakistan’s ship recycling area of…
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Dae Sun wins another chemical tanker order
South Korean yard Dae Sun Shipbuilding & Engineering has won an order from a local line, Sambu Shipping, to build…
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SK Shipping continues fleet disposal
Unconfirmed brokers report that the active Korean seller SK Shipping has just offloaded the 55,600 dwt to Strategic Bulk Carriers,…
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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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