Asia
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Hind Maritime takes Japanese handy
The taker of Yamamoto Kisen’s oldest ship that fetched $4.2m at the end of last week has been revealed in…
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Hanjin Shipping given ray of hope with capital promise
The Hanjin bankruptcy debacle continues to have plenty of twists and turns around the world. The South Korean prime minister,…
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Busan to get new repair yard
Busan, South Korea’s second city, will get a new sizeable ship repair facility. The government has outlined plans to build…
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Hanjin shares resume trading and slide 30%
Shares of Hanjin Shipping fell by the daily limit of 30% in Seoul today, as trading resumed after South Korea’s…
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Case made to protect Swiber
The prospects for saving Swiber Holdings hinges on the support from stakeholders and its ability to complete some US$1.67bn worth…
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Daiichi Chuo exiting court rehabilitation
Daiichi Chuo, which filed for bankruptcy in Tokyo 11 months ago, is coming out of court rehabilitation, court documents seen…
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Pair of MR tankers formerly on charter to Hanjin sold for $43m
Clarksons Research is reporting that two MR product tankers owned by Japan’s Wakoh Kisen Kaisha have been sold to a…
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NOL’s final day on the Singapore Exchange
France’s CMA CGM has completed the $2.4bn takeover of Singaporean flagship Neptune Orient Lines (NOL). The last dissenting shareholders have…
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K Line takeover talk heats up
Tokyo business circles are increasingly convinced that a Japanese fund run out of Singapore called Effissimo will soon move to…
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Swiber claims climb to $227m as CEO Darren Yeo resigns
Singapore offshore operator Swiber, which sought judicial management late July having earlier announced its liquidation, has revealed that claims against…
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Varun Shipping in for 15-year-old BW VLGC
Despite being unable to pay crew on at least one of his ships, Yudhi Khatau, boss of India’s Varun Shipping,…
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Seoul fights to minimise supply chain chaos in wake of Hanjin bankruptcy
The South Korean government held emergency meetings over the weekend to discuss how best to minimize the supply chain fallout…
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Irano Hind Shipping to return
Shipping Corporation of India (SCI) will resuscitate Irano Hind Shipping, its joint venture with Islamic Republic of Iran Shipping Lines…
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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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