Asia
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Sweeping changes at the world’s largest shipbuilder
The world’s largest shipbuilder is making plenty of changes as it fights to get through the downturn. Senior management at…
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Hanjin’s longest voyage yet
“Time is the longest distance between two places,” concludes the Tennessee Williams’ character at the end of the play The…
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Another Korean line files for court receivership
Another South Korean shipping line has sought court protection. Seorae Sea Merchant Corp filed for bankruptcy on Friday in Seoul.…
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Hanjin insurance pay out could hit $1.8bn: Credit Suisse
Credit Suisse analysts are warning the insurance fallout from the demise of Hanjin Shipping could be one of the largest…
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STX awaits court armistice as rehab verdict delayed until November 11
The decision by a court in Seoul whether or not to approve STX Offshore & Shipbuilding’s rehabilitation plan has been…
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MOL in for rare cape order
News comes from Japan of a very rare order for a new capesize. Imabari Shipbuilding has signed a contract with…
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Cocaine found on PIL containership at Mexican port
Mexico’s navy has seized 136 kilos of cocaine on a container ship owned by Singapore’s Pacific International Lines at the…
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Restis finally secures HHI suezmax berths
The Greeks have worked out that tanker newbuild prices are likely to have hit rock bottom and they are moving…
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Marco Polo noteholders approve debt restructuring
Marco Polo Marine’s noteholders have voted to approve a restructuring S50m ($36m) of the Singapore-listed company’s debt, which will give…
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HMM will become South Korea’s ‘flagship’ line
After leaving Hanjin to flounder, the South Korean government is to develop Hyundai Merchant Marine (HMM) as the country’s ‘flagship’ shipping…
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Hanjin Shipping asset sale under way
The ‘for sale’ sign has officially been placed up at Korean line Hanjin Shipping today after the local court approved…
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Audio recordings from ‘Death Ship’ were deleted, court told
Audio recordings are likely to have have deleted deliberately from the voyage data recorder (VDR) onboard a ship on which three…
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Swiber Holdings shocks Vallianz with plan to participate in rights issue
The judicial managers of Swiber Holdings have announced an interest for Swiber to take part in the upcoming rights cum…
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New Shipping swoops for secondhand NYK Line cape
New Shipping, led by Adam Polemis, continues to dive into the secondhand maket picking up the 2007-built capesize bulker from…
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Technip awarded Malaysian subsea contract by Petronas
France’s Technip has been awarded a subsea contract by Petronas for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia.…
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Sealink International settles dispute with Boustead Penang Shipyard
Sealink International has announced that it has entered into a settlement agreement with Boustead Penang Shipyard (BPS) over a shipbuilding…
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Perisai Petroleum says it is insolvent
Malaysian oil and gas company Perisai Petroleum Teknologi has declared itself insolvent and has been classified as a Practice Note 17…
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Court set to announce Hanjin Shipping fire sale
Seoul Central District Court, which is overseeing Hanjin Shipping’s receivership process, plans to publish a notice to put the bankrupt…
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ASL Marine delays AGM as it seeks funding
Singapore offshore shipbuilder and vessel owner ASL Marine Holdings has applied to the Singapore Exchange for a one month extension…
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Daewoo Shipbuilding laying off 3,000 employees
Financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) plans to eliminate 3,000 jobs before year-end as part…
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