Asia
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Hanjin Shipping given November deadline for new rehab plan
Developments are coming in thick and fast in the chaotic days following container shipping’s largest ever bankruptcy. Hanjin Shipping, which…
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Oil spill forces Maersk Line to shift ships from PTP to Singapore
A 60 metric ton oil spill at Tanjung Bin on August 24 is badly affecting operations at the Port of…
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Shell Brasil extends contract for MODEC FPSO
Shell Brasil Petróleo has extended its contract with Japan’s MODEC for the operations & maintenance of . The contract has…
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SapuraKencana wins brace of contracts worth $65m
Malaysia’s SapuraKencana Petroleum, via wholly-owned subsidiary SapuraKencana TL Offshore, has been awarded a number of engineering and construction contracts valued…
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Hanjin fallout dominates the headlines
Unless you’ve been hiding under a rock you won’t be surprised to know the top news on this site this…
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Hanjin in rehabilitation: what next?
The insolvency of Hanjin Shipping, the world’s seventh largest container line, is likely to have a significant impact throughout the…
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Danaos reveals $560m exposure to Hanjin
Danaos Corporation is “disappointed” about the demise of Hanjin Shipping, which filed for receivership this week, and to which the…
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ER Schiffahrt to manage two NYK Newcastlemaxes
ER Schiffahrt is to manage two Newcastlemax bulk carriers for Japan’s Nippon Yusen Kaisha (NYK), which will include crewing and…
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CKYHE and Korea Inc scramble to avoid Hanjin supply chain meltdown
With claims against bust containerline Hanjin Shipping flying in and its ships around the world facing arrest, the South Korean…
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HMM picks up Hanjin slack, will not be drawn on takeover
Hyundai Merchant Marine (HMM) will not be drawn on whether it will pick up assets from bust compatriot line Hanjin…
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Gerry Wang dismisses impact of Hanjin bankruptcy
One of the key players in the four-month lead up to the world’s largest ever container shipping bankruptcy has distanced…
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Otto Marine secures chartering contract and shipbuilding contracts
Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to…
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Judicial management in Singapore: Florence Nightingale to a vulnerable company?
Lauren Tang from law firm Stephenson Harwood (Singapore) Alliance on what lies ahead for bust Swiber Holdings. The 60% slump…
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Swiber and Vallianz squabble over outstanding payments
Swiber Holdings’ (SHL) interim judicial managers have notified Vallianz that it owes some $63.5m in outstanding payments to the bankrupt…
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Hanjin’s demise and the need for liner rehab
If you’d asked me at the start of the year who’d be the sacrificial lamb between Hanjin Shipping or Hyundai…
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Calls grow to shift Manila port to Batangas
Pressure is mounting on the new president of the Philippines. Rodrigo Duterte, to relocate Manila North Harbor to help fight…
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Borrowed time comes to an end as Hanjin Shipping files for court receivership
Hanjin Shipping today became the most high profile casualty of the container shipping downturn with management opting for court receivership…
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Hanjin Shipping and the futility of throwing more fuel on a fire burning out of control
You don’t normally get advance warning of an attempt to put a company over a barrel and call in bankruptcy…
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DSME CEO in Europe to quell shipowner fears
With Hanjin Shipping ditched by the Korea Development Bank and seeking court receivership today, another embattled Korean maritime firm has…
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‘If we buy vessels at current prices, we are never going to make losses’: Brave words from departing SCI boss
“If we buy vessels at current prices, we are never going to make losses.” Bold words for the departing boss…
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