Asia
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Hyundai Heavy claims to be owed up to $345m in Bollsta Dolphin spat
Hyundai Heavy Industries (HHI) claims it is entitled to an extra $178m, which could bring its claim against Fred. Olsen…
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Spurned Daiichi Chuo seeks extra time to find supporters
With dry bulk plummeting to record depths no one is willing to come to the rescue of Daiichi Chuo Kisen…
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Another supramax on the block for Nisshin
Nisshin Shipping’s rapid sale of its dry bulk fleet continues. The Japanese line managed to sell five bulkers last month.…
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Seven Islands reportedly in for $50m product carrier quartet
India’s Seven Islands Shipping has swooped for four product carriers from Koenig & Cie, according to brokers. Officials from Seven…
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Jakarta unwilling to offer majority stakes in ports
Despite the current administration in Jakarta’s keenness to develop a maritime highway across Indonesia, officials are not budging on allowing…
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Vietnamese PM approves Damen’s majority stake in local yard
In a ruling with significant ramifications for foreign investors keen to buy into Vietnamese firms, prime minister Nguyen Tan Dung…
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Maersk Line shifts Asia HQ to Hong Kong
As part of Maersk Line’s massive restructuring it is switching its Asia headquarters from Singapore to Hong Kong. Its two…
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HMM chair will use her own cash to save line
The chairman of Hyundai Group, which controls struggling Hyundai Merchant Marine (HMM), is willing to inject her own capital to…
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Songa Offshore closes in Aberdeen and Korea, 200 jobs to go
Midwater drilling contractor Songa Offshore has announced a transformation of the organisation which will see up to 200 jobs lost.…
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Armed guards to sail on vessels in Malaysia
The Malaysian Maritime Enforcement Agency (MMEA) says it will allow armed guards to travel on vessels transiting Malaysian waters. The…
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Mitsui Engineering and Shipbuilding moves into FPSO chartering
Japanese yard Mitsui Engineering and Shipbuilding (MES) has formed an FPSO chartering division. The yard acquired shares of Cernambi Norte…
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HMM readies fire sale to stave off bankruptcy
Investors in South Korea reacted positively today to Hyundai Merchant Marine’s (HMM) decision to offload stakes in a number of…
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Arson suspected as third fire in three weeks hits Mitsubishi yard
Investigators are looking at the possibility of arson at the Mitsubishi Heavy Industries’ (MHI) Nagasaki yard, following the third fire…
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Unpaid crew face prosecution in Colombia
Eighteen crewmembers onboard the 20-year-old bulk carrier, unpaid for months, and stranded in Barranquilla, Colombia since November are being threatened…
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Svitzer and Guangzhou Port team up in towage
Svitzer has signed an memorandum of understanding (MoU) with Guangzhou Port Group that would create a towage and marine services…
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Singapore shipping company fined for carrying arms to North Korea
A district court has fined Singapore-based Chinpo Shipping Company S$180,000 ($125,698) today for violating UN sanctions by carrying arms to…
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Japan’s big three lines slash full year forecasts
The full scale of the dire shipping markets has been shown in today’s results from Japan’s big three shipping lines…
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GTT investigated by South Korea’s fair trade watchdog
GTT, the makers of the world’s dominant LNG containment system for ships, is facing an investigation in South Korea. Seoul’s…
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Sembcorp Marine faces $443m black hole
Singapore yard Sembcorp Marine’s faces a S$633m ($443m) black hole from potential rig value write-downs, according to a report by…
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Malaysia detains product tanker for illegal entry
Singapore-operated product tanker has been detained by the Malaysian Maritime Enforcement Agency (MMEA) for anchoring in Malaysian waters without a…
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