Asia
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Stolt-Nielsen chooses Keppel for a pair of new LNG tankers
Oslo-listed Stolt-Nielsen has decided to award the construction of two (with options for further two) LNG tankers with 7,500 cu…
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Court cases rack up against STX Offshore & Shipbuilding
Troubled South Korean shipyard STX Offshore & Shipbuilding has admitted a slew of court cases are heaping pressure on the…
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Sale of Lundin FPSO falls through
Sweden’s Lundin Petroleum plans to sell its floating production storage and offloading unit to Malaysia’s M3nergy have been abandoned. The…
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Otto Marine starts arbitration against Robert Knudzen Shipholdings
Otto Marine has commenced arbitration in Singapore against Robert Knutzen Shipholding and Mr Robert Knutzen for charter contract disputes. Otto’s…
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SGX reportedly readies $100m Baltic Exchange offer
A formal offer to take over the Baltic Exchange is expected to be made shortly by the Singapore Exchange, Reuters…
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DBS Bank handed Swiber $146m just weeks before it filed for liquidation
Singapore’s largest bank, DBS, is facing a storm of criticism after it emerged it gave Swiber Holdings two loans worth…
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Hyundai Merchant Marine shares take record dive
Just as Hyundai Merchant Marine (HMM) might have thought it had weathered the worst of the financial storm, today it…
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Eurotankers linked with MOL VLCC buy
Eurotankers has paid Mitsui OSK Lines (MOL) $28.3m for a 13-year-old VLCC, brokers report. The Greek outfit has taken the…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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