Asia
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Perisai Petroleum continues negotiations after default on bonds
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has failed with a proposal asking its Singapore bondholders to delay the maturity…
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Swissco seeks refinancing of notes
Singapore offshore firm Swissco Holdings has announced the appointment of Ernst & Young Solutions as an independent financial advisor to assist in…
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Keppel admits ‘suspicious’ payments made in Petrobras scandal
Singapore’s Keppel Corporation has admitted internal investigations have shown certain transactions associated with Zwi Skornicki from Eagle do Brasil, an…
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Navig8 Chemical Tankers cancels five newbuilds at STX
Navig8 Chemical Tankers has revealed the cancellation of its contracts to build five 49,000 dwt MR tankers at Korea’s STX…
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Kawasaki Heavy may close its shipbuilding business
Declining profitability may cause Japan’s Kawasaki Heavy Industries to close its shipbuilding business. The company said it would decide by…
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Petronas weighing up possible sale of stake in Pacific NorthWest LNG project
Malaysia’s state energy giant Petronas may be mulling whether or not to sell its lead stake in the Pacific NorthWest…
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MOL agrees hybrid loan for equivalent of $987m
Mitsui O.S.K. Lines (MOL) announced on Friday it is taking a hybrid loan equal to $987m, primarily to fund its…
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SapuraKencana wins new contracts worth $215m
Malaysia’s SapuraKencana has won several new contracts across India, Brunei and Malaysia worth a total of $215m. In India, the…
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Korea Line get charter for MR tankers, orders bulker pair
Korea Line said today that it has signed a seven-year charter contract with an owner in Asia for two MR…
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Hanjin mulls mass layoffs in intra-Asia ploy
Hanjin Shipping is increasingly having to plan ahead for a future as just an intra-Asia operator. South Korea’s largest shipping…
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Container shipping in its most uncertain period ever
In the 60 years since Malcom Mclean first whacked a box on a converted tanker and ushered in the era…
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Esben Poulsson quits FSL Trust board over disagreement
Singapore shipping trust First Ship Lease has announced the resignation of Esben Poulsson from its board. Poulsson, who is chairman…
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BW Dry Cargo takes another Japanese kamsarmax
Fast developing BW Dry Cargo has snapped up another Japanese kamsarmax. The Singapore firm, founded in April this year, has…
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DSME given a year to fix finances
The Korea Exchange has given Daewoo Shipbuilding & Marine Engineering (DSME) a year to get its finances in order at…
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South Korea maps out port plans
South Korea has outlined plans to develop its ports, promising to spend KRW14.7trn ($13.4bn) through to 2020. The nation’s 30…
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NYK seals deal to take 25% stake in Emas Chiyoda Subsea
Singapore’s Ezra Holdings has announced the completion of the deal for Japanese shipping line Nippon Yusen Kabushiki Kaisha (NYK) to…
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Duke Offshore wins crew boat contract
India’s Duke Offshore has announced that it has secured a long term contract for its new high speed patrol/crew boat…
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ITF highlights plight of Hanjin crew being denied shore leave in US
Seafarers’ labour union the International Transport Workers’ Federation (ITF) said on Wednesday it will report to authorities in Washington D.C.…
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Aurora Tankers: Chemical consolidation
“This is the right time for consolidation and/or acquisition of secondhand or distressed assets.” That’s the view of Kenny Rogers…
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Soechi Lines takes BP Shipping MR tanker pair
Just a few days after being linked with the purchase of medium range tanker Poulopom from Vietnam’s Prime Shipping, sources…
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