Asia
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Analysts welcome Japanese box merger and ponder who’s next in consolidation wave
Shipping analysts have applauded the move from Japan’s big three lines to merge their container divisions, while musing who will…
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At least 10 workers killed as fire rips through beached tanker at Gadani
A giant fire engulfed a beached tanker today killing at least ten workers at the Gadani shipbreaking area in Pakistan…
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SGX reprimands Swiber
Having only obliquely referenced the company before the Singapore Exchange (SGX) finally came out and lashed Swiber Holdings yesterday. Singapore-listed…
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Singapore government mulls aid for ailing offshore sector
Singapore’s minister for trade and industry has hinted the government might help out the city-state’s ailing marine and offshore engineering…
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Kidnapping crews proves alarmingly lucrative for Abu Sayyaf
Kidnapping seafarers is proving alarmingly lucrative for Philippine terrorist group Abu Sayyaf. Newswire Associated Press reports that the Islamist group…
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NYK offloads ore carrier
Nippon Yusen Kaisha (NYK) has offloaded a 12-year-old ore carrier to Samos Steamship. Samos is paying in the high $12ms…
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NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
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BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
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Rickmers Maritime’s restructuring gets the nod
Rickmers Trust Management, the trustee-manager of troubled Singapore-listed Rickmers Maritime, has revealed that unitholders attending an extraordinary general meeting have…
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Seoul earmarks billions to save shipyards
Seoul has moved to right the ship of its dire maritime sector announcing today a new KRW1trn ($871.73m) state-backed ship…
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Prices for Japanese panamax bulkers continue to improve
A ten-year-old Sasebo-built panamax bulker has been bought by Zihni Shipping for a price Clarksons Research lists in the high…
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Ezra delays results as it counts the cost of Perisai default
In a move which is likely to spook investors, Singapore’s Ezra Holdings has applied to the Singapore Exchange for an…
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HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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Perisai Petroleum on edge as winding up order lands and banks come knocking
Insolvent Malaysian offshore firm Perisai Petroleum Teknologi has moved a couple of steps closer to oblivion. A private investor, Ravi…
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Great Eastern takes second cape
Brokers tell Splash India’s Great Eastern has snapped up the seven-year-old 179,000 dwt . The ship has not been on…
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NAT in for Samsung suezmax trio
Nordic American Tankers (NAT) has tapped South Korea’s Samsung Heavy Industries (SHI) to build three suezmax tankers of about 157,000…
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Transmed linked to Japanese bulker
Transmed Shipping is being tipped by brokers as the buyer of the Kambara Kisen-owned , a nine-year-old post-panamax bulk carrier. Transmed…
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CMA CGM looks to sell NOL’s terminals for $1bn
French boxline is looking to make some quick cash from offloading assets of new acquisition Neptune Orient Lines (NOL). Bloomberg…
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Stevedore boss assassinated in Paradip
The general manager of Hyderabad-based Seaways Shipping and Logistics Ltd (SSLL) was shot dead yesterday in Paradip, in what local…
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Crew found safe following Malaysian piracy attack
Authorities located yesterday the 10 crewmembers and tug and barge that were the latest victims of piracy in Southeast Asia.…
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