Asia
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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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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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