Asia
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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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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…
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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)…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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