Asia
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South Korean power company partners with DSME to develop offshore nuclear power plants
South Korea’s Kepco Engineering & Construction Company (Kepco E&C), a unit of Korea Electric Power Corporation, has entered into a…
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Debris on distant Japanese islands sparks hope in search for missing livestock crew
A crowdfunding page Save the Forty of has raised more than A$117,000 ($84,000) to be put towards private searches of…
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Sohmen-Pao invests in European biotech firm
Fresh from investing in an American methanol production facility, Andreas Sohmen-Pao has turned his attention to biogas. Ductor, a Finnish-Swiss…
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Westports slapped with additional tax bill
Malaysian port operator Westports Holdings has been served, vis subsidiary Wesports Malaysia (WMSB), with a notice of additional assessment for…
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DSME debuts 23,000 teu ammonia-powered ship design
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has received approval in principle from UK class society Lloyd’s Register for…
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PSA vows to transform new Saudi concession into a global mega hub
Singaporean terminal operator PSA International has laid out plans to create a 7.5m teu hub in Saudi Arabia. Subsidiary Saudi…
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Berge Bulk takes another cape
Berge Bulk is busy bolstering its cape fleet. Multiple broking reports link the James Marshall-led firm with the acquisition of…
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PIL sells two more ships to Seaspan
The dramatic fleet clear-out at Pacific International Lines (PIL) has seen Singapore’s top liner slip from 400,000 to 300,000 slots…
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Euronav profits from suezmax sale to Seven Islands Shipping
Belgian tanker owning giant Euronav has announced the sale of 2005-built suezmax tanker . The tanker was sold for $20.5m,…
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Thome forms shipmanagement JV with Carsten Rehder
Singapore shipmanager Thome Group is forming a joint venture with German owner Carsten Rehder. Under the agreement, a new company…
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A9X Cyber Security: Shipping’s online vulnerabilities laid bare
A9X Cyber Security, a Singapore-based dedicated maritime cyber security firm, has its work cut out as shipping’s easy target status…
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Dee4 taps Japan for next tranche of financing
Carsten Mortensen-led Dee4 has fixed loans with Japan’s Mizuho Marubeni Leasing (MML) Corporation to finance up to three further vessels.…
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Burnt New Diamond leaves Sri Lanka and heads to the UAE
Sri Lanka has allowed the burnt VLCC to leave the country and head to the Khorfakkan in the United Arab…
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Peter Norborg quits Clipper to head up Swire Bulk
Peter Norborg has been headhunted to run Swire Bulk in Singapore, quitting as CEO at Denmark’s Clipper Group yesterday. Norborg,…
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Splash Extra: Trio of global carriers dust off megamax plans
Three global carriers have dusted off megamax newbuild plans, potentially adding up to half a million slots to the global…
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Greeks back in Korea for tanker orders
Greek owners are back in South Korea with tanker orders. Hyundai Heavy Industries has won orders for four 300,000 dwt…
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Keppel Corporation looks at selling its yards
Singapore’s Keppel Corporation has suggested it could sell off its shipping facilities following a senior management meeting this week. The…
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Salam Pacific goes on a vintage post-panamax purchasing spree
Indonesia’s Salam Pacific has emerged as the buyer of a number of post-panamaxes in recent months. It bought two 19-year-old,…
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Indian Coast Guard tackles boxship fire
The Indian Coast Guard spent the best part of 16 hours dousing a blaze from a containership, the latest in…
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Nomikos bulk carrier finally allowed to leave the Philippines
The Nomikos Transworld Maritime-controlled bulk carrier has departed the Philippines three months after it collided with a fishing vessel resulting…
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