Asia
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‘Stand firm behind Hanjin Shipping right away,’ Gerry Wang tells Seoul
The founder of Seaspan has weighed into the ongoing maelstrom seen in Korean shipping telling Splash in an exclusive interview…
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Korea Shipowners’ Association warns on heavy impact were HMM and Hanjin to fold
The Korea Shipowners’ Association has estimated that if Hanjin Shipping and Hyundai Merchant Marine were to go bankrupt, 5,400 jobs…
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Wan Hai in for eight Japanese newbuilds
Taiwan’s Wan Hai Lines has signed for eight 1,900 teu ships at Japanese yard Naikai Zosen. The ships will deliver…
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Indonesia, Malaysia and the Philippines agree on anti-piracy patrols
Indonesia, Malaysia and the Philippines have designated a transit corridor for ships crossing a maritime zone hit by a spate…
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Winning fleet expansion continues
The aggressive Chinese outfit Winning has again snapped up another aging cape. The new purchase brings its secondhand purchases to…
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Smart shipping needs smarter regulation
The era of ‘smart shipping’ needs much smarter regulation, supported by greater engagement from the industry to lobby for a…
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Ezra Holdings announces $300m in new contracts
Singapore’s Ezra Holdings has won awards for several new deepwater projects from international oil majors valued at a total of…
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Grounded bulker refloated off Cebu
After a very tricky two-day salvage operation, the bulker Belle Rose was refloated this morning and dragged off a reef…
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Week closes with a trio of panamaxes fixed on period
Fixtures of bulk carriers in the period market have picked up again after Posidonia, with three new deals reported today…
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Mutiny attempt leads to mass brawl and grounding of bulker off Mauritius
Local media in Mauritius is reporting an attempted mutiny, followed by a huge fight among the all Filipino crew of…
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No deal: Gerry Wang refuses to budge on Hanjin charter renegotiations
The chairman of Hanjin Group has met with its lead tonnage provider Seaspan this week, but has failed to get…
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Banks seek GOL Offshore fleet sell-off
Compounding a miserable week for GOL Offshore after two of its ships were impounded in the UK over unpaid salaries,…
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Korea Development Bank in the firing line for its handling of DSME
Politicians in Seoul are demanding an inquiry into state-run Korea Development Bank’s (KDB) handling of troubled shipyard Daewoo Shipbuilding &…
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Abu Sayyaf linked with more seafarer hostages
Philippine and Malaysian police have yet to confirm speculation running rife in Southeast Asia that another four Malaysian seafarers have…
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‘Modern day slavery’: UK union hits out at Indian OSV owner
An OSV was detained by authorities in Aberdeen, Scotland, with its owners accused of “modern day slavery”. The Indian crew…
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Toshin Kisen sale fails
The sale of the Japanese controlled 2006-built handy , which had been mooted as completed over the weekend for $5.5m,…
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Abu Sayyaf grabs nearly $3m to release four kidnapped seafarers
It has emerged that families of four kidnapped Malaysian seafarers recently freed by the Abu Sayyaf militant group in the…
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Hyundai Mipo sells stake in KCC for $140m
As part of restructuring initiated by parent Hyundai Heavy Industries (HHI), Hyundai Mipo Dockyard (HMD) is selling all its shares…
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DSME accounting fraud totalled $1.27bn, first arrest made
State auditors in Seoul have unearthed a KRW1.5trn ($1.27bn) accounting fraud at beleaguered Daewoo Shipbuilding & Marine Engineering (DSME). DSME,…
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Former Hanjin Shipping boss avoids arrest
A court in Seoul threw out a prosecution request yesterday for an arrest warrant for a former Hanjin Shipping boss…
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