Asia
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Semua Shipping finds a buyer
Malaysia’s R&A Telecommunication Group is buying Semua Shipping from Sumatec Resources. Semua currently owns six 8,000 dwt product tankers. All…
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Navios and Diana panamax bulk carriers fixed on period charter
Two panamax bulk carriers owned by Diana Shipping and Navios Maritime have been reported fixed on period contracts on a…
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New container shipping consortium may be launched to compete with Ocean Alliance
A new consortium of container shipping lines could soon be formed by members of the CKYHE, G6 and Ocean Three…
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Creditors approve Hanjin’s restructuring plans
As expected Hanjin Shipping announced today that its creditor banks have approved its proposal for a voluntary restructuring agreement. Hanjin…
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Ofers play tough with HMM over charter cut requests
Hyundai Merchant Marine (HMM) is on track to finish negotiations with foreign shipowners by May 16 to cut fees on…
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Hanjin boss crashes out of Winter Olympics
Hanjin Shipping’s sharp downhill financial performance of late has forced the chief organiser of South Korea’s 2018 Winter Olympics to…
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Hibiscus Petroleum’s acquisition of Hydra Energy falls through
Hibiscus Petroleum has terminated its plans to acquire Australian oil company Hydra Energy Holdings (HEH). The company said the deal…
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Opposition grows to Chinese backed refinery in Myanmar
Local opposition to a Chinese-backed giant oil refinery is growing at Dawei, a city with big port plans. A number…
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Sona Petroleum’s Stag oilfield acquisition hangs in the balance
Sona Petroleum’s dreams of becoming an independent oil and gas exploration and production (E&P) company have been put on hold after shareholders…
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Samsung Heavy ordered to produce restructuring plan
Creditors of South Korea’s Samsung Heavy Industries have ordered the shipyard to produce a self-restructuring plan, reports say. The state-run Korea Development Bank,…
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Hanjin Heavy gets another $105m from creditors
Hanjin Heavy Industries is to receive a further KRW 120bn ($105m) cash injection from its creditors, led by Korea Development Bank…
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Hanjin Shipping boss seeks support from owners
The Wall Street Journal has details of a letter sent by Hanjin Shipping ceo Suk Tae-soo, asking for help from…
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Rally kicks off to highlight plight of imprisoned Seaman Guard Ohio crew
A rally is set to head through the streets of the northern English city of Carlisle today in support of…
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Hercules Offshore extends forbearance putting newbuild jackup in jeopardy
Houston-based offshore drilling company Hercules Offshore has given itself some breathing space as it faces bankruptcy having defaulted on a…
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Swire Shipping struggles to fill ships leaving Hobart
Swire Shipping’s new service connecting Hobart in Tasmania with the Australian mainland is struggling to gain traction with local reports…
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Hanjin expected to outline restructuring plans on Wednesday
Local media in Seoul is reporting Hanjin Shipping will unveil a creditor-led restructuring program on Wednesday. The plans are likely…
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DSME close to sealing Iranian jack-ups
Daewoo Shipbuilding & Marine Engineering (DSME) has revealed it is close to sealing an order from Iran for jack-up rigs.…
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Indonesian president vows to stamp out piracy
Indonesia’s president Joko Widodo has vowed to stamp out escalating maritime violence near its borders. Speaking yesterday as 10 Indonesian…
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Abu Sayyaf releases kidnapped Indonesian crew
Ten Indonesian seafarers were released yesterday after more than a month in captivity with Abu Sayyaf. The Philippine militant group…
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EC approves CMA CGM’s takeover of NOL
The European Commission (EC) has today cleared CMA CGM’s acquisition of Neptune Orient Lines (NOL), following a Phase 1 review.…
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