Asia
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HMM’s shares plunge 20% on North Korean links
Adding further woe to its prospects of survival, the share price in South Korea’s Hyundai Merchant Marine plunged a record…
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Genshipping Pacific Line: Unbridled overcapacity fuelling panic
Singapore: In a sobering interview with Maritime CEO today a leading name in the Asian project-shipping scene warns of an…
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Epic Gas puts older gas carriers in the shop window
In revealing its full year results today Singapore’s Epic Gas has let it be known it is keen to offload…
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Kyoei Tanker in for a VLCC
Kyoei Tanker has turned to compatriot shipbuilder Japan Marine United (JMU) for a 311,000 dwt VLCC. The ship will deliver…
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Three hospitalised following fire on ship calling at Singapore
Three people were hospitalised this evening following a noxious fire inside a container on a ship calling at Singapore’s Pasir…
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Mercator offloads dry bulk subsidiary for nominal S$3
$2.16. That’s the nominal US dollar sum India’s Mercator has sold its dry bulk subsidiary for today in Singapore at…
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‘Markets can stay irrational far longer than you can stay solvent’: Hashim’s Keynesian bulk warning
Khalid Hashim, the veteran managing director of Thailand dry bulk firm Precious Shipping, has warned in his firm’s annual review…
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North Korea continuing to evade UN shipping sanctions
Ocean Maritime Management (OMM), a shipping company belonging to the Democratic People’s Republic of Korea (DPRK aka North Korea), continues…
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McKinsey upbeat on Indian trade prospects
Shipowners looking for a rare bright spot could take some solace from a report by consultants McKinsey & Co on…
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Japanese shipping shares hammered on talk of more bankruptcies
On a terrible day for the Tokyo Stock Exchange, shipping shares came in for a particular battering as the market…
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Bangladesh firm linked to Nisshin supramax
Unconfirmed broker reports link privately held Bangladeshi concern S.R. Shipping with the acquisition of a Japanese supramax. The 55,000 dwt…
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HMM disposes of dry bulk fleet in desperate bid to stay afloat
Hyundai Merchant Marine (HMM) has seen its credit ratings take more of a hammering despite the sell-off on Friday of…
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International jack-up drillers elbowed out of Southeast Asia
International jack-up drillers have been warned Southeast Asia has become a no-go zone as the market faces inward during the…
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First Ship Lease Trust sells two containerships
First Ship Lease Trust Management says it has failed to find employment for two of its panamax containerships, which it…
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‘Waterways will be a game changer for the Indian economy,’ shipping minister proclaims
India’s shipping ministry is pushing for more cash from New Delhi to upgrade the nation’s waterways. Last year, the Narendra…
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Daiichi Chuo rescue on the cards
Daiichi Chuo Kisen Kaisha, the financially struggling Japanese bulker operator that went under last September, is looking to seal a…
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SapuraKencana confirms contracts worth $382m
SapuraKencana Petroleum has announced that companies within the group have been awarded two new contracts and a contract extensions worth…
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Sarawak field contractor ceases operation, ends service contract with Petronas
BC Petroleum (BCP) has ceased operation and has agreed with Petronas to terminate its small field risk service contract (SFRSC)…
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Shipowners still have not improved shipbreaking practice, says NGO
In spite of mounting pressure from governments and lobbyists, during 2015 shipowners continued to scrap vessels at shipbreaking yards known…
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Investor bids for Danang port
Ocean Mineral Investment Holding Company is seeking approval from Vietnam’s transport ministry to buy all the shares owned by Vietnam…
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