Asia
-
Team Tankers offloads small chemical carrier
Brokers are reporting Team Tankers has sold a 2007-built chemical tanker to Vietnamese maritime conglomerate Aulac. Different brokers have different…
Read More » -
Navies from the Philippines, Indonesia and Malaysia vow to strike back at Abu Sayyaf
The Philippines, Indonesia and Malaysia have signed an agreement to tackle the spate of kidnappings in the Sulu and Celebes…
Read More » -
Fesco appoints chief restructuring officer
Russia’s Fesco Transportation Group has hired Steven Hellman as its chief restructuring officer, who will lead the group’s debt restructuring…
Read More » -
Boardwalk rammer still not allowed to leave Cebu
The has still not been allowed to depart southern Cebu as its owner has yet to come up with a…
Read More » -
Indian tax ruling could have massive impact on global seafarer availability
Indian seafarers could well start to price themselves out of the market with shock news that the income tax department…
Read More » -
Nervous investors ditch Singapore offshore stocks
Investors in Singapore remain spooked about local oil and gas prospects in the wake of the demise of Swiber Holdings…
Read More » -
Former Korea Development Bank chairman linked to DSME fraud scandal
The multi-billion dollar accounting fraud scandal that has rocked Daewoo Shipbuilding & Marine Engineering stepped up a gear today with…
Read More » -
Firefighter injured in blaze at Sembcorp Marine yard
A fire broke out in the engine room of a heavy lift vessel yesterday afternoon at Sembcorp Marine’s Tuas Boulevard Yard,…
Read More » -
STX Heavy enters court receivership
One of South Korea’s largest engine manufacturers has become the latest STX affiliate to seek court protection. At 14.00 local…
Read More » -
SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
Read More » -
Petrofac not implicated in Unaoil corruption scandal, investigators confirm
An independent investigation has confirmed that no bribes were ever paid by Petrofac to Unaoil, the Monaco-based oil trader raided…
Read More » -
Swiber unable to make coupon payment
Swiber Holdings said today, via its provisional liquidator, it cannot pay the upcoming coupon payment for the S$150m 6.5% certificates…
Read More » -
BW orders VLCC pair at DSME
Singapore’s BW Group has placed orders to build a pair of VLCCs at Korea’s Daewoo Shipbuilding & Marine Engineering (DSME),…
Read More » -
AC Oil banned from selling bunkers in Singapore
Another bunker supplier, AC Oil, has had its licence revoked by the Maritime and Port Authority of Singapore (MPA). “MPA’s…
Read More » -
James Fisher buys Singaporean diving specialist
British marine engineering outfit James Fisher has bought Singaporean firms Lexmar Engineering and Lexmar Sat Systems. The initial consideration is…
Read More » -
Coastal Contracts buys into Indonesian LNG market
Malaysian offshore service provider Coastal Contracts has entered into a binding memorandum of understanding to acquire 215 ordinary shares in…
Read More » -
Indonesian chief engineer suffers 80% burns following engine room fire
The chief engineer of an Indonesian general cargo vessel is in a critical condition in hospital following a fire in…
Read More » -
Benita sinks off Mauritius
Five Oceans Salvage report that the bulk carrier, which was under tow en route from Mauritius to India, sunk yesterday…
Read More » -
Swiber makes stunning liquidation U-turn, goes into judicial management
Singapore offshore operator Swiber Holdings has completed a dramatic week of twists and turns by announcing it will not be…
Read More » -
Global Shipper Forum plans to stop shipping surcharges within five years
Members of the Global Shipper Forum (GSF) aim to stop container shipping surcharges within five years and plan to take action…
Read More »