Asia
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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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Fincantieri bids to take Vard private
Italian shipbuilder Fincantieri has launched an offer for the shares of Vard Holdings that it doesn’t already own in a…
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Berlian Laju takes Thenamaris aframax
After much speculation among brokers in recent weeks Clarksons Research is finally able to reveal that Indonesia’s Berlian Laju Tankers…
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Pakistani PM inaugurates China-Pakistan Economic Corridor
Pakistan’s prime minister Nawaz Sharif was on hand yesterday to inaugurate a trade route linking southwestern Gwadar port to the…
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SK Shipping offloads supramax
SK Shipping of South Korea has sold a Dolphin 57 design bulker to Strategic Bulk Carriers, part of M.T. Maritime…
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HMM and Korea Line vie for Hanjin’s US assets
It’s come down to a straight shot between Hyundai Merchant Marine (HMM) and Korea Line Corp for the assets of…
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Abu Sayyaf linked with another attack, six crew abducted
Abu Sayyaf terrorists are believed to have been behind the raid on a Vietnamese bulker this morning and the subsequent…
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Court reprieve for STX Offshore & Shipbuilding
STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation…
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Deloitte reviewing its position in Korea in wake of DSME fraud
The fraud that has rocked Daewoo Shipbuilding & Marine Engineering (DSME) looks set to shake up the local accounting scene.…
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Wisdom Marine orders bulker duo at Imabari Shipbuilding
Taiwanese dry bulk shipping company Wisdom Marine has signed shipbuilding contracts with Japan’s Imabari Shipbuilding yesterday for the construction of…
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Barakah Offshore secures Shell contract
Barakah Offshore Petroleum subsidiary PBJV Group has been awarded a RM25m ($5.85m) contract from Sabah Shell Petroleum Company for the…
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DSME labour union under pressure to accept restructuring plans
Debt-laden Daewoo Shipbuilding & Marine Engineering (DSME) will get a critically important KRW2.8trn ($2.42bn) injection of cash so long as…
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Hanjin readies further layoffs as liquidation rumours grow
Hanjin Shipping has handed 560 crew redundancy notices effective December 10 with the remaining 2,000 crew linked to the Korean…
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Problems stack up for endangered Swissco
Swissco Holdings looks very close to following fellow Singaporean offshore firm Swiber Holdings into judicial management with news today that…
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Record breaking ethane carrier delivered
Yesterday saw Japan’s Mitsui OSK Lines (MOL) take delivery of a revolutionary very large ethane carrier from Samsung Heavy Industries.…
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Ezra noteholders approve waivers
Ezra Holdings has been given some breathing space by noteholders of its S$150m notes due in April, who approved a…
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MOL takes product tanker
In an all Japanese deal Shoei Kisen, the shipowing sister firm of Imabari Shipbuilding, has sold a nine-year-old product tanker…
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KrisEnergy reduces working interest in Aceh block
Singapore’s KrisEnergy has announced that it has reduced its working interest in the Block A Aceh production sharing contract to…
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