Asia
-
BW LPG and BW Pacific pen VLGC and MR deals with Nissen Kaiun
BW LPG has agreed to sell its last VLGC newbuilding to Nissen Kaiun and lease it back, and will timecharter…
Read More » -
Ulsan chosen to print ships
How soon till a ship comes hot off the press? Ulsan, the Korean industrial city where Hyundai Heavy Industries is…
Read More » -
Bangladeshi bulker player linked to first tanker buy
Chittagong-based SR Shipping has been linked to its first tanker as it continues its bargain basement hunt for cheap tonnage.…
Read More » -
Keppel suspends work on Sete Brasil rigs
Singapore shipbuilder Keppel Corporation has suspended work on rig ordered by Sete Brasil, after the Brazilian company’s shareholders approved a…
Read More » -
POSH AHTSs win more work in the Middle East
Eight vessels owned by PACC Offshore Services Holdings (POSH) have won contracts worth a combined $167.5m from an unnamed Middle Eastern…
Read More » -
Malaysian Bulk Carriers gets coal COA
Malaysian Bulk Carriers (MBC) has won a 15-year contract of affrieghtment (COA) worth RM563m ($143.5m) from compatriot company TNB Fuel…
Read More » -
Shipping warned as Abu Sayaff beheads Canadian hostage
Philippine militant group Abu Sayyaf has given the shipping industry a shocking taste of things to come, having beheaded a…
Read More » -
The next Somalia
In January 2015, I went for a swim in the Sulu Sea. Just a family day out at the seaside,…
Read More » -
Seoul wades into shipping restructuring
The South Korean government will come to the rescue of the nation’s hard pressed shipping lines and shipbuilders. With many…
Read More » -
Deep Sea Supply PSVs win contracts in the North Sea, Sakhalin and Suriname
Four platform support vessels (PSVs) owned by Norway’s Deep Sea Supply have won charters with major oil companies all over the…
Read More » -
Financial watchdog investigates former Hanjin chairman’s share selloff
South Korea’s Financial Supervisory Service is looking into speculation that Choi Eun-yeong, Hanjin Shipping’s chairman until 2014, profited from the…
Read More » -
D’Amico sells ultramax to Korea Line
An ultramax just out of Yangfan’s shipyard in China has reregistered its owner name from Italy’s D’Amico to one of…
Read More » -
Great Eastern offloads aframax for $13.5m
India’s Great Eastern has sold the aframax tanker Jag Laxmi to Soechi for $13.5m. A month ago, a similarly aged…
Read More » -
Sembcorp Marine commences arbitration against bankrupt Sete Brazil
Sembcorp Marine has announced that it has commenced arbitration proceeding against various subsidiaries of Sete Brasil for disputes in seven…
Read More » -
ST Shipping charters Scerni aframax duo
Glencore’s subsidiary ST Shipping has fixed two aframax tankers owned by Gruppo Scerni on one-year timecharters, each at a daily…
Read More » -
Classic Maritime fixes another capesize on timecharter
Economou-led Classic Maritime has fixed another capesize bulk carrier on timecharter, its second fixture of the week, while short-term period…
Read More » -
AET buys Paramount Tankers
Malaysia’s American Eagle Tankers (AET) is to acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers, a joint venture…
Read More » -
Hyundai Merchant Marine facing court receivership
The clock is ticking for embattled Hyundai Merchant Marine (HMM). South Korea’s finance minister Yoo Il-ho said yesterday HMM will…
Read More » -
Hanjin Shipping’s share price hits record low as it sets about restructuring
Hanjin Shipping’s share price touched record lows this morning in Seoul, hitting KRW2,580 as the line announced plans for a…
Read More » -
Indonesia worried Sulu Sea risks becoming the ‘new Somalia’
Indonesian security officials are concerned that the Sulu Sea could become the ‘new Somalia’ on the back of a series…
Read More »