Asia
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Crew of grounded bulker claim they were trying to avoid fishing vessels
The all Filipino crew of the grounded have told investigators they were taking evasive action to avoid smashing into fishing…
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CMA CGM and PSA confirm container terminal joint venture
CMA CGM and PSA Singapore Terminals have announced the formation of a joint venture company CMA CGM-PSA Lion Terminal to operate…
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Mermaid Maritime inks charter contract
Mermaid Maritime has announced that its Indonesian business unit, PT Seascape Surveys Indonesia, has entered into a one-year charter contract…
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Workers at DSME vote to go on strike
Around 85% of 7,000 unionised workers at Daewoo Shipbuilding & Marine Engineering (DSME) have voted in favour of industrial action…
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Sartini takes charge at NOL
As anticipated, Nicolas Sartini has been named CEO of Neptune Orient Lines (NOL) now that CMA CGM has taken majority…
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Court papers allege Singapore firms paid over $9.5m in bribes for Petrobras contracts
Prominent Singapore companies Keppel and Sembcorp Marine are accused in US court documents of paying specific amounts in the Petrobras…
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STX hit by hefty arbitration rulings
Troubled South Korean yard STX Offshore & Shipbuilding has had to fork out sizeable penalties to overseas owners for late…
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Greenpeace demands grounded bulker be detained in Cebu
In the early hours of Monday morning a Panamanian-flagged bulker ploughed into pristine coral reefs off northern Cebu in the…
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Transport and energy groups targeted by North Korean hackers
Transport firm Hanjin Group and energy giant SK were among the 140,000 computers at 160 South Korean firms hacked by…
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Pacific Radiance sues Chinese shipyards
Pacific Radiance is suing Shanghai Waigaoqiao Shipbuilding & Offshore and China Shipbuilding Trading (Shanghai) over the construction contracts for two…
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Seoul financial watchdog refuses to rule out HMM/Hanjin merger
A mega merger story that refuses to die down has reemerged in South Korea today. Lim Jong-ryong, chairman of the…
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Arrest warrant sought for former Hanjin Shipping chairman
Prosecutors on Sunday sought the arrest warrant of the ex-chairman of Hanjin Shipping, who has been hit with insider trading…
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South Korea’s president calls for ‘bone-crushing’ shipbuilding restructuring
South Korean president Park Geun-Hye warned today the nation’s shipbuilders will have to endure plenty more pain. Addressing parliament, Park…
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Manila port rate hike attacked
Shippers in the Philippines are up in arms at plans by one of the nation’s top port operators to hike…
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Vinalines seeks to offload older tonnage
Embattled state-run Vinalines has asked the ministry of transport for permission to sell another six ships to help right its…
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Nisshin close to selling another bulker
One of Japan’s top sellers so far this year, Nisshin Shipping, is back in the secondhand market. Nisshin is attempting…
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NYK buys major stake in EMAS Chiyoda Subsea
Japanese shipowner Nippon Yusen Kabushiki Kaisha (NYK) has made a stunning move into the offshore sector after agreeing to purchase…
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HMM completes charter negotiations, readies boxship orders
Hyundai Merchant Marine (HMM) today announced that the company has reached a de facto agreement regarding its charter negotiations with…
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CMA CGM takes control of NOL, shuffles the board
CMA CGM has taken majority control of Singapore’s Neptune Orient Lines (NOL, parent of boxline APL. NOL’s majority shareholders –…
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Bumi Laut: Ready to order MPPs, but not on home soil
Athens: Senior management from one of Indonesia’s oldest shipping lines has been at Posidonia all week looking to order a…
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