Asia
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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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Tsakos Energy Navigation in for Sungdong LR1s
Posidonia is finishing with more Greek ship orders. Sungdong Shipbuilding & Marine Engineering, exhibiting at the Greek show, has contracted…
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Atlantic Navigation orders seven newbuilds to support Middle East charter deal
Singapore-listed Atlantic Navigation has place orders with a Chinese shipyard for seven newbuild offshore vessels to support five-year charters it…
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Otto Marine bags Indonesian product tanker order
Singapore’s Otto Marine, currently the subject of a takeover bid from controlling shareholder Yaw Chee Siew, has secured a shipbuilding…
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TMT unveils hybrid propulsion system that reduces need for ballast water
Today Makes Tomorrow (TMT) has unveiled its chairman Nobu Su’s latest invention: a hybrid propulsion system that aims to mitigate…
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SR Shipping linked to another buy
One of south Asia’s most active secondhand owners this year, has dived into the market again. This week, SR Shipping…
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‘Slow and reluctant to change’: Departing NOL boss admits mistakes
High costs, the wrong business model, too small ships – these were all listed by the chief executive of Singapore’s…
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