Asia
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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),…
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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…
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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…
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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…
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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…
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Benita sinks off Mauritius
Five Oceans Salvage report that the bulk carrier, which was under tow en route from Mauritius to India, sunk yesterday…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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‘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…
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Swiber goes into liquidation
Singapore offshore services firm Swiber Holdings has made an application to wind up the company and place it into provisional…
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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…
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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…
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