Asia
-
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 » -
Otto Marine commences arbitration against shipbuilder
Otto Offshore, part of Singapore’s Otto Marine, has filed an arbitration claim at the Singapore International Arbitration Centre (SIAC) against an…
Read More » -
Swiber liquidation rattles Pacific Radiance, Vallianz shareholder unfazed
Singapore’s Pacific Radiance has revealed a $10.1m exposure to Swiber Holdings, which went into liquidation this week. Pacific Radiance told…
Read More » -
NYK, MOL and K Line all revise downwards full year forecasts
Japan’s so called Big Three shipping lines have all revised downwards their full year forecasts today reflecting the continued dire…
Read More » -
Ezra Holdings not concerned by Swiber liquidation despite investor jitters
Investors in Singapore remained wary of offshore stocks today following Thursday’s shock news that Swiber Holdings had become the first…
Read More » -
Spot rates for crude tankers nearing two-year lows
The rout in VLCC and suezmax markets continued again today, with spot rates in both segments nearing the lowest levels…
Read More » -
Asia Offshore Drilling secures extension from Saudi Aramco for jackup pair
Thailand’s Mermaid Maritime has announced that its associate Asia Offshore Drilling (AOD) had secured a three-year contract extension from Saudi…
Read More » -
Diana capesize fixed on period charter
Another day, another capesize period fixture – today, Diana shipping is reported to have fixed one of its capes to…
Read More » -
DBS Bank reveals over $500m exposure to Swiber
Singapore’s DBS Bank has issued a statement outlining its exposure to offshore support firm Swiber Holdings, which announced today it…
Read More » -
‘Business as usual’ for Vallianz Holdings
Singapore’s Vallianz Holdings has said it will be business as usual at the offshore marine solutions firm, in response to…
Read More » -
Swiber goes into liquidation
Singapore offshore services firm Swiber Holdings has made an application to wind up the company and place it into provisional…
Read More » -
Adani adding ship recycling plant at Mundra
Adani Ports and Special Economic Zone is bolstering facilities at one of its flagship facilities by adding a ship recycling…
Read More » -
SapuraKencana awarded Turkish ECPI contract
Malaysia’s SapuraKencana Petroleum has announced that its wholly-owned subsidiary, SapuraKencana TL Offshore, has been awarded a contract with a value…
Read More » -
Barakah Offshore Petroleum secures SKO Field works
Malaysia’s Barakah Offshore Petroleum has received a contract for the transportation and installation of riser guards in SKO Field, off…
Read More » -
Another Alcyon capesize fixed on period charter
Greece’s Alcyon has fixed a second capesize bulk carrier on period charter in the space of two days, this time…
Read More » -
Swiber group founder resigns ‘due to health reasons’
Raymond Kim Goh has resigned from his position as Vallianz Holdings’ chairman and executive director with immediate effect due to…
Read More » -
Shipyard order sparks political debate in Malaysia
TH Heavy Engineering Berhad (THHE) has been awarded a RM740m ($181.3m) government contract to build three offshore patrol vessels (OPV)…
Read More »