Asia
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Otto Marine wins newbuild contracts from Indonesia
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m…
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Bangladesh firm targets another supramax
Sources say privately held Bangladeshi concern SR Shipping has targeted another Japanese-built supramax. Last week reports linked the company to…
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Bankrupt Shandong Huahai’s last newbuilding auctioned off
A handysize bulk carrier still under construction at the now bankrupt Shandong Huahai Shipbuilding in China has been auctioned to…
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Survey finds 48% of maritime employees in Asia are looking for a new job
A remarkable 48% of more than 2,000 employees surveyed in the Asian maritime sector are looking to leave their current…
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‘Death ship’ captain tried to quash dissent, inquest hears
The Sydney inquest into the mysterious series of deaths onboard the Japanese bulker in 2012 has heard allegations that the…
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DSME can expect no more bailouts this year
A line has been drawn in the sand for one of the world’s top shipyards. The new boss of the…
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Hyundai Group chair spending $24m to prop up HMM
Hyundai Group chairwoman Hyun Jeong-eun will cough up around KRW30bn ($24.4m) of her own money in a bid to save…
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Vallianz taps the bond market in Saudi Arabia
Singapore-based offshore support vessel owner Vallianz Holdings has entered the bond market in Saudi Arabia by issuing a sukuk of…
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AusGroup scaffolding business up for sale as three more top execs depart
SGX-listed Australian oil & gas construction, maintenance and fabrication firm AusGroup has appointed Macquarie Capital to undertake a process to…
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Investors sought to take over India’s largest private yard
Negotiations are underway to sell a majority stake in India’s largest private shipbuilder. A 51% stake is on offer at…
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STX yard salvation in doubt
The plan to spare STX Offshore & Shipbuilding the chop has hit a speedbump. The yard, once one of the…
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Teekay swaps LNG carrier newbuilding for an FSU
Teekay LNG Partners has changed one of its orders for an LNG carrier to a floating storage unit (FSU) at…
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‘Death ship’ captain in the dock
The Sydney inquest into the mysterious three deaths onboard the Japanese controlled in 2012 saw the prime suspect in the…
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MOL selling 2009-built cape
The dry bulk market is awash with Japanese-built capesizes for sale with Mitsui OSK Lines (MOL) the latest to put…
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Singapore releases technical standard for bunker mass flow metering
Singapore has released the world’s first national technical reference for bunker mass flow metering, supporting the Maritime and Port Authority…
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Ensco semisubmersible gets Chevron Indonesia job
UK-headquartered driller Ensco has won a contract for semisubmersible from Chevron to operate off Indonesia. The rig is currently mobilising…
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Petronas hires Barakah Offshore for commission work on FLNG unit
Malaysian state energy company Petronas has hired PBJV Group, part of Barakah Offshore Petroleum, to work on its floating LNG…
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Former Tanjung Offshore MD faces fraud charges
Harzani Azmi, former managing director of Tanjung Offshore, has been charged with fraud and money laundering by a local court…
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Indian conglomerate eyes distressed port assets
Diverse Indian conglomerate JSW Group is after distressed local ports assets, its CFO has told Reuters. The group, which has…
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Van Phong port complex restarts construction
A long-stalled port project in central Vietnam is set to reopen. Nha Trang Port JSC will build two terminals in…
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