Asia
-
Investor action could spell the end for Rickmers Maritime
Rickmers Trust Management, the Singapore-listed trustee-manager of Rickmers Maritime, has announced that it has been served with a “notice of…
Read More » -
APL Logistics blames K Line bankruptcy rumours on a ‘small number’ of employees
Japanese-owned APL Logistics Group has issued a statement via president Beat Simon in response to accusations by Kawasaki Kisen Kaisha (K Line)…
Read More » -
Maerskelina: Hanjin Shipping and HMM acquisition talk questioned
Yesterday’s comments by an analyst at Jefferies suggesting Maersk Line may look to buy both of South Korea’s top two…
Read More » -
Hanjin Shipping could still be sold, court says
The court in Seoul overseeing Hanjin Shipping’s receivership has said a sale of the company is one of a number…
Read More » -
Zodiac snaps up aframax
Brokers tell Splash that the tanker division of Zodiac Maritime Agencies has picked up the 105,000 dwt tanker for $20.5m.…
Read More » -
Canada gives all-clear for Petronas-backed Pacific NorthWest LNG project
Canada’s federal government on Tuesday gave its conditional approval to the huge liquefied natural gas (LNG) project in northern British…
Read More » -
Maersk linked with taking over both Hanjin and HMM
Maersk Line, fresh from announcing plans to seek acquisitions rather than build new ships, is being linked as the white…
Read More » -
Samsung Heavy and GasLog close to sealing LNG orders
Samsung Heavy Industries (SHI) is being widely tipped to have just about clinched its first order of the year. Monaco-based…
Read More » -
Two in, two out for Vietnam’s Prime Shipping
Vietnam’s Prime Shipping Corporation, one of few Southeast Asian owners still active both selling and buying ships, has let go…
Read More » -
Rothschild to help find buyer for majority stake in ABG Shipyard
A consortium of lenders led by State Bank of India has enlisted the help of Rothschild to find a buyer…
Read More » -
HMM share price jumps on Hanjin fleet fire sale speculation
Shares in Hyundai Merchant Marine (HMM) leapt 6% to close in Seoul today at KRW8,700 on increased speculation that the…
Read More » -
Creditors apply to liquidate two Otto Marine subsidiaries
Otto Marine has announced that three creditors have filed separate winding up applications with the Supreme Court of Western Australia…
Read More » -
Hong Kong owners circle Tokyo auction ship
An auction today in Tokyo is expected to see plenty of Hong Kong owners face off for a supramax bulker.…
Read More » -
Hanjin’s demise, commoditisation and a missed opportunity
Mahim Khanna, a regional director with Dutch firm TBA, has his say. This year will go down as the year…
Read More » -
Sale of DSME’s headquarters falls through
The sale of Daewoo Shipbuilding & Marine Engineering’s (DSME) headquarters building in downtown Seoul to its preferred bidder has been…
Read More » -
K Line accuses APL Logistics of spreading false bankruptcy rumours
Kawasaki Kisen Kaisha (K Line) has accused APL Logistics of starting malicious bankruptcy rumours. In a note sent to clients…
Read More » -
Marco Polo Marine clarifies financial status
Marco Polo Marine has released a clarification announcement today that the risk factors it announced earlier this week should not…
Read More » -
KDB pumps $45m into Hanjin Shipping
Korea Development Bank, the main lender to Hanjin Shipping, has agreed a conditional credit line of KRW50bn ($45m) in a…
Read More » -
Will there be a chair for HMM when the music stops?
Andy Lane from CTI Consultancy ponders what will happen to South Korea’s other major carrier. Despite all of the denials,…
Read More » -
Singapore Navy warns of increased piracy threat
The Singapore Navy is warning shipowners in the region need to be super aware of a greater piracy threat in…
Read More »