Asia
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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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IMC sells kamsarmax for $12.8m
The Tsao family controlled IMC has offloaded a 2012-built kamsarmax, according to broking sources. Greek owner Kassian Maritime Navigation is…
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Great Eastern pounces for aframax pair
India’s Great Eastern Shipping has pounced for a pair of aframaxes. In a filing to the local stock exchange in…
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Noteholders fail to agree Rickmers Trust Management’s restructuring plans
Embattled Rickmers Trust Management (RTM) suffered another reversal today in Singapore with noteholders today failing to agree to pass an…
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Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
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SGX completes Baltic takeover
One of shipping’s most prestigious institutions is now officially in Singapore hands. The Singapore Exchange (SGX) has announced it has…
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Indonesia’s Temas Line takes its largest boxship
Alphaliner is reporting Temas Line from Indonesia has paid Germany’s Gebab $6.5m for the 11-year-old 2,800 teu . The ship,…
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Slow moving ships with low freeboard urged to reroute away from southern Philippines
The Kuala Lumpur-based Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP…
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