Asia
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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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Hibiscus Petroluem acquires Shell’s interests in North Sabah
Hibiscus Petroluem subsidiary SEA Hibiscus has entered into a conditional sale and purchase agreement with Sabah Shell Petroleum and Shell…
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Idle containership fleet swells with redelivered Hanjin vessels
Bankrupt Hanjin Shipping has redelivered the majority of its chartered-in vessels with more to follow, which is swelling the global…
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Viken orders four tankers at Samsung Heavy
Norway’s Viken has ordered four oil tankers at Samsung Heavy Industries in South Korea in a deal worth KRW 240bn…
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Rio Tinto-chartered ship arrested for not paying crew
A bulk carrier under charter to a Rio Tinto subsidiary has been arrested in Australia after inspectors found close to…
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