Asia
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NYK creates logistics tech startup in Singapore
Japanese shipping giant Nippon Yusen Kaisha (NYK) has agreed to team with Weathernews and Kozo Keikaku Engineering to establish a…
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Petrofac appointed duty holder for Anasuria cluster in the North Sea
Petrofac has been appointed duty holder of the Anasuria cluster in the North Sea for a five-year period. The contract…
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MISC and AET will merge chemical and product tanker fleets
Malaysia’s MISC is to merge its chemical tanker fleet with its subsidiary American Eagle Tankers’ (AET) product tanker fleet. MISC…
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NYK vessel that brought art deco to Japan designated a nationally important cultural property
Japan’s Council for Cultural Affairs has today submitted a report to the nation’s Minister of Education, Culture, Sports, Science and…
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Bangladesh slammed for ‘medieval’ shipbreaking conditions
Shipbreaking companies in Bangladesh have been slammed for the dire local working conditions, which continues to see many workplace deaths…
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DP World to set up Indian holding company with IPO in mind
Dubai terminal operator DP World has been allowed by New Delhi to open an Indian holding company for its portfolio…
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Navios supramax fixed on period charter as market readjusts
Navios Maritime Holdings has fixed its supramax bulk carrier on a 12-month period charter to Singapore’s Centurion Bulk. The ship…
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DSME to let go of 12,000 staff
Financially struggling Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) will slash its workforce by 12,000 to 30,000 by 2019.…
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Kolkata port execs arrested on corruption charges
Police swooped late last night to arrest two Indian port officials on charges of corruption. Kolkata Port Trust (KoPT) chairman…
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Indonesian buyer of Pacific London revealed
The mystery buyer of Sinokor’s aframax has been tracked down. Last week brokers had confusingly mixed reports of the buyer.…
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Sembcorp Marine begins buyout of Gravifloat
Singapore’s Sembcorp Marine has raised its stake in Gravifloat to 56% by purchasing a 44% holding for $38m, and intends…
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Japanese firms club together to save Daiichi Chuo
Daiichi Chuo has received a vital cash injection from a local shipping consortium. The Japanese dry bulk line, which sought…
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Hanjin and HMM told to reduce debts if they want to access state funds
Korean authorities will turn the taps off leading lines until they bring their extraordinary debts under control. The Financial Services…
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Asian shipowners blast Prestige court verdict
The Asian Shipowners Forum (ASF) has hit out at a recent court decision in Spain over the Prestige tanker incident.…
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Fratelli d’Amico tanker collides with coastal vessel in the Straits of Malacca
A vessel owned by Italy’s Fratelli d’Amico was involved in an accident in the Straits of Malacca yesterday. Aframax oil…
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SK Shipping hit by tax evasion claims
SK Shipping is being investigated by South Korea’s National Tax Service (NTS), although it has denied it is facing tax…
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Winning Group: In for the long haul
China’s rapacious demand for raw materials is seeing ever-longer dry bulk journeys crisscrossing the globe. No capesize trip is longer…
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Transocean delays five jackups at Keppel FELS until 2020
Offshore driller Transocean has reached a mutual agreement with Singapore’s Keppel Offshore & Marine to defer the delivery of five…
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Cambodia speeds up port developments as exports soar
Growing export powerhouse Cambodia is speeding up port development and looking for foreign investors as box volumes soar. The $12m…
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Korea Eximbank entices lines to order locally
South Korea has moved to kickstart business among its shipyards and shipping lines. The Export-Import Bank of Korea (KEXIM) has…
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