Asia
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ABG Shipyard to offload Goa repair yard
India’s ABG Shipyard decided at a board meeting yesterday to sell off subsidiary Western India Shipyard. Western India Shipyard is…
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SR Shipping linked to United Ocean supramax sold at auction
SR Shipping is said to be the buyer of United Ocean Group supramax , sold at auction in Tokyo last…
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HMM makes transpacific service permanent in wake of Hanjin bankruptcy
South Korea’s Hyundai Merchant Marine (HMM) is making emergency transpacific services permanent in the wake of Hanjin Shipping’s bankruptcy. HMM…
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Swiber Holdings gets court approval for judicial management
Singapore offshore operator Swiber Holdings, which sought judicial management in July having earlier announced its liquidation, has been given the green…
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ICICI Bank takes 11% stake in ABG Shipyard in debt-for-equity deal
Indian multinational bank ICICI Bank has taken over 11 million shares in ABG Shipyard in a debt-for-equity deal that gives…
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AusGroup wins support for debt restructuring
Australian oil & gas construction, maintenance and fabrication firm has been given a boost by investors in Singapore after it…
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Typhoon Chaba batters Port of Busan, seafarers rescued
At least three people have been killed in South Korea by Typhoon Chaba, and a crew of seafarers had a narrow…
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HMM will not be sold to a foreign firm, says main creditor
Hyundai Merchant Marine’s (HMM) main creditor Korea Development Bank (KDB) has said the struggling shipowner will not be sold to…
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Pan-United sells off shipping business
Singapore’s Pan-United Corporation, Singapore’s largest supplier of ready mixed concrete and cement, has entered into a sale and purchase agreement…
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Euronav orders suezmax pair at HHI after sealing Valero Energy charter
Belgium-headquartered Euronav has ordered a pair of ice class suezmax tankers at Korea’s Hyundai Heavy Industries. The order has been…
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Winning continues cape crusade
Chinese owner Winning Shipping is not resting on its laurels and continues to show itself as the leading buyer of…
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United Ocean bulker sold at Tokyo auction
Supramax bulker sold at action in Tokyo last week, after making the headlines for attracting interest from owners across the…
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Perdana Petroleum wins Petronas floating accomodation contract
Malaysia’s Perdana Petroleum has announced that subsidiary, Perdana Nautika, has won a three-year contract from Petronas for the provision of…
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Keppel wins order for pair of dual-fuel diesel LNG tugs
Singapore shipbuilder Keppel Offshore & Marine has won contracts, via Keppel Singmarine, to build two dual-fuel diesel LNG tugs. The…
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North Atlantic Drilling and Sembcorp Marine further extend semi-sub standstill agreement
Seadrill’s North Atlantic Drilling and Sembcorp Marine’s Jurong Shipyard have once again extended a standstill agreement to defer delivery of…
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Hanjin Shipping vessel involved in collision off Singapore
Hanjin Shipping containership has dragged anchor off Singapore colliding with MSC containership MSC Claudia, The New Paper reports. The incident…
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Jebsen named new president of InterManager
Bjørn Jebsen has been elected as the new president of InterManager, succeeding Gerardo Borromeo, vice-chairman and CEO of Philippine Transmarine Carriers, who is…
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STX and STX France may be sold by bankruptcy court
STX Offshore & Shipbuilding (O&S) and STX France, which specialises in building cruise ships and is 66% owned by the…
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Hanjin lays off staff from its US HQ
Some 127 workers have been laid off from Hanjin Shipping’s American headquarters in Paramus, New Jersey, reports say. The redundancies…
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Hanjin Shipping could have survived with creditor support: Cho
Hanjin Group chairman Cho Yang-Ho said today that Hanjin Shipping could have survived had creditors provided the company with aid,…
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