Asia
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Yinson sells its non-oil and gas subsidiaries to Liannex at a snip
Malaysian offshore service provider Yinson Holdings has completed the sale of its non-oil and gas subsidiaries to Singapore’s Liannex Corporation…
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Mercator Lines claims it has no funds for an accountant
Mercator Lines (Singapore), the bust dry bulk operator, has had its application to publish quarterly results later than planned approved…
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Myanmar offshore: The walking dead meets how green is your valley?
Asia Pacific Connex recently conducted a briefing / workshop update on the provision of a supply base to support offshore…
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Financing fixed for innovative new Japanese LNG carrier
An innovative new LNG ship has received financing and will be built at Imabari Shipbuilding. Japan Bank for International Cooperation…
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Swiber reveals termination of Vietnam project
Singapore offshore operator Swiber Holdings has revealed the termination of a transport and installation service contract in Vietnam, which it…
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Technics Oil & Gas placed under judicial management
The Singapore High Court has approved Technics Oil & Gas’ application to place itself and its subsidiary Technics Offshore Engineering…
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Sea Pioneer in for Japanese panamax
Brokers report Sea Pioneer Shipping is paying Japan’s Yamamaru Kisen just over $5m for the 12-year-old panamax bulker. The ship…
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Korean Air arrives with Hanjin Shipping rescue package
In what is likely to be another crucial week for the survival of Hanjin Shipping, reports are emerging in Seoul…
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Baltic Exchange issues new agreement with panellists as SGX takeover looms
A new agreement has been sent out by the Baltic Exchange today to its 48 shipbroking panellists as the 272-year-old…
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Halycon Recruitment: On Brexit, Singapore and the hunt for the right talent
If you look at a city’s shipping vibrancy via the amount of HR moves going on there is only one…
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Vietnamese owner pockets $1m profit from quick handy sale
In a rare example of a Vietnamese owner performing an asset play, Haiphong-based Viet Long JSC has pocketed a tidy…
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BW Dry takes Japanese kamsarmax
Multiple broking outlets link fast expanding BW Dry Cargo as the buyer of the 81,344 dwt , the latest ship…
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Sinokor takes Zosco cape pair
Sinokor has taken two seven-year capesizes from China’s Zhejiang Ocean Shipping Co (Zosco). Brokers indicate the Korean player is paying…
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SapuraKencana secures $113m Pemex contract
Malaysia’s SapuraKencana Petroleum has announced that wholly-owned subsidiary, SapuraKencana Mexicana, has been awarded a $113m contract by Mexican state-owned oil…
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Ship arrested over unpaid repair charges
Singapore-listed Otto Marine’s Batam shipyard subsidiary has forced the arrest of chemical tanker for unpaid ship repair-related charges. PT Batamec…
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Bangladesh Shipping Corporation seeks greater government support
The government in Bangladesh today deliberates a request made by Bangladesh Shipping Corporation (BSC) to make it easier for it…
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Essar Shipping negotiating loan extensions
India’s Eassar Shipping is making plans to delay its debt payment by extending its loans with its lenders, The Hindu…
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Keppel Offshore & Marine downsizing nears 20,000 workers
Singapore’s Keppel Offshore & Marine has revealed in its latest quarterly results that it has cut 4,900 workers from its…
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Larsen & Toubro and EMAS Chiyoda Subsea score $1.6bn Saudi Aramco EPCI contract
Following the announcement from Saudi Aramco that it has signed a series of news contracts for the development of its…
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HMM takes another step towards financial redemption
The path to financial redemption for South Korea’s Hyundai Merchant Marine (HMM) moved ahead yesterday with news the line had…
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