Asia
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Hyundai Heavy turns the corner, back in the black
The world’s largest shipbuilder looks to have turned the corner financially ahead of its Korean peers. Hyundai Heavy Industries today…
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‘We’ll not entertain the rate reduction’: Gerry Wang remains firm on Hanjin charters
Gerry Wang, the head of Seaspan Corp, has firmly reiterated his stance that he will not budge in charter renegotiations…
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New ReCAAP report details hijackings off the southern Philippines
In a special report out this week the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in…
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Gestion Maritime sells its oldest bulker
Monaco-based Gestion Maritime has sold the eldest bulk carrier in its fleet. According to some information coming from broker sources,…
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Precious sends 30-year-old handy for recycling
Precious Shipping is pressing ahead with plans to make its fleet younger, sending a 30-year-old handysize, , for scrap for…
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Penta-Ocean orders landmark vessel at JMU
Japan’s Penta-Ocean Construction has tapped compatriot Japan Marine United (JMU) to build the first domestically made self-elevating platform-type multi-purpose hoist…
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Louis Dreyfus takes capesize on timecharter as rates fall
Commodities giant Louis Dreyfus has fixed a capesize owned by Greece’s Alcyon on a four- to seven-month timecharter that shows…
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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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