Asia
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Petronas to shed 1,000 jobs as part of restructuring
Malaysian oil and gas giant Petronas announced a new leaner management team following a strategic review of its business which…
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Noble Corp jackup damaged in accident at Sembcorp’s Jurong Shipyard
Noble Corporation has announced that newbuild jackup rig, Noble Lloyd Noble, was damaged in an accident at Sembcrop Marine’s Jurong…
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Otto Marine gets the go-ahead on Aussie OSV contract
Offshore vessel operator Otto Marine has announced that its wholly-owned subsidiary, GO Offshore, has been awarded a chartering contract worth…
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Seacos: Trim take-up
Singapore: As most of the shipping industry remains in slowdown mode, top of shipping companies’ minds is how to minimise…
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Maybulk suffers first ever loss
Emblematic of the dire times for dry bulk, Malaysian Bulk Carriers (Maybulk) has recorded its first ever annual loss. The…
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Petronas to delay construction of second FLNG
Malaysian state-owned energy giant Petronas , which revealed yesterday its 2015 net profit had halved, has decided to shelve commissioning…
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Seaman Guard Ohio crew lose latest court appeal
The Madras High Court yesterday ruled not to suspend the five-year hard labour jail term awarded to 35 crewmembers of…
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Pertamina orders eight tankers at domestic yards
Indonesian state-owned oil and gas company Pertamaina has placed orders for eight 17,500dwt tankers at three local shipyards as part…
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NYK sells ageing tanker to NG Moundreas
Nippon Yusen Kaisha (NYK) has sold an ageing tanker to Greek interests. The 18-year-old 280,999 dwt has been bought by…
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‘Half-baked rumour’: HMM/Hanjin merger dismissed
Hyundai Merchant Marine (HMM) might be struggling to stay solvent amid mounting debts and urgent due repayments, but it is…
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Survey claims ‘time is right’ for India to renew its ageing fleet
India’s merchant fleet is in urgent need of modernisation. A government survey has found that 42.42% of Indian vessels are…
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Bangladesh firm targets third supramax in four weeks
Privately held Bangladeshi concern SR Shipping has targeted yet another Japanese-built supramax. Again the handymax specialist has picked up a…
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Y-Entec in for chemical tanker
South Korean diverse construction conglomerate Y-Entec has headed to Vietnam for a small chemical tanker. The Seoul-listed entity has chosen…
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Swiber gets $100m subsea installation contract in south Asia
Singapore’s Swiber is to provide engineering, procurement, installation and construction (EPIC) services for an unnamed national oil company in south…
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Western Australia-China spot rates help capesize market reach all-time low again
Abandon all hope: spot rates for capesize bulk carriers have come crashing down again to record-low levels – even worse…
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All ships leaving North Korea face mandatory inspections under new UN resolution
A draft UN Security Council resolution revealed yesterday in response to North Korea’s latest nuclear test and missile launch is…
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Coastal Contracts sells three OSVs and other vessels for $44m
Malaysia’s Coastal Contracts has sold three of its offshore support vessels (OSVs) and five low-end vessels to unnamed buyers for…
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MOL restructures dry bulk business
Mitsui OSK Lines has taken action to try and hemorrhage losses stemming from its huge exposure to the depressed dry…
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HMM merger talk with Hanjin reignites
The pressure on South Korea’s Hyundai Merchant Marine continues to mount with shipping consultant Drewry downgrading the line this week…
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Law firm apologises for labelling Siva Shipping insolvent
Law firm Rajah & Tann has apologised for suggesting Singapore’s Siva Shipping was insolvent. As originally reported by Splash three…
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