Asia
-
Mercator’s creditors take five bulkers
The judicial manager appointed to oversee the bankruptcy of Mercator Lines (Singapore) has announced five ships of the listed dry…
Read More » -
Keppel and BG Group win Singapore licence to supply LNG as ship fuel
In a big development for the global adoption of LNG as a ship fuel, Keppel Offshore & Marine, through its…
Read More » -
ITF to pay for legal support of jailed Seaman Guard Ohio crew
The ITF (International Transport Workers’ Federation) is to pay for legal support for the court appeal of the ship’s crewmembers…
Read More » -
Southeast Asian maritime terrorism warning
Southeast Asia could see maritime terrorism incidents this year, a leading maritime security expert has told Splash. Kevin Doherty, president…
Read More » -
Nisshin Shipping shedding bulkers fast in 2016
Japan’s Nisshin Shipping has spent the first month of the year trimming its bulker fleet, minimising its exposure to the…
Read More » -
Transas boss calls for radical rethink on the role of the master
Frank Coles, the new boss at bridge and navigation systems specialist Transas, has called for a radical rethink on the…
Read More » -
Korea Eximbank cuts export financing for first time in 40 years
The Export-Import Bank of Korea (Korea Eximbank) will cut export financing in 2016 for the first time in 40 years.…
Read More » -
Vietnamese ship sinks following tanker collision
All 14 crewmembers of a Vietnamese general cargo ship were rescued after it collided with a tanker while sailing off…
Read More » -
Gulf Drilling International renews options for more jack-up rigs from Keppel
Gulf Drilling International (GDI) has renewed options for two more KFELS B-Class jack-up drilling rigs from Keppel FELS for delivery in…
Read More » -
Precious makes $100m from public offering
Thailand’s Precious Shipping has raised THB3.59bn ($99.72m) through a public offering of debentures. Some 3.59m of the units were sold…
Read More » -
Creditors agree to hand $109m to Hanjin Heavy
Hanjin Heavy Industries & Construction has received an emergency financial injection from creditors worth KRW130bn ($109m). Creditors, led by state-run…
Read More » -
Greathorse Shipping acquires resale chemical tanker from Eastern Pacific
Brokers report Shanghai-based Greathorse Shipping, part of Tiger Group Investments, has acquired a resale chemical tanker from Eastern Pacific Shipping…
Read More » -
As Seoul cuts financial lifeline, merger talk reemerges between HMM and Hanjin
The debt situation at South Korea’s two largest shipping lines is causing serious concern in local circles with authorities stating…
Read More » -
Chinese rail equipment company takes 14% stake of Vallianz
Vallianz Holdings has entered into an agreement with two Hong Kong-based subsidiaries of China’s CRRC Corporation which will see the…
Read More » -
New Delhi to tender for three new ports
Tenders are due to be launched by the shipping ministry in the next six weeks to develop three Indian greenfield…
Read More » -
Keppel Offshore & Marine reduces headcount by almost 14,000
Singapore’s Keppel Offshore & Marine said that during 2015 it reduced its direct staff and subcontracted workforce by around 13,900…
Read More » -
Subsea 7 to close Singapore office in favour of Kuala Lumpur
Subsea 7 is understood to be closing its office in Singapore and will move its Asian base to Kuala Lumpur…
Read More » -
Petronas and SapuraKencana terminate Vietnam oilfield sale
SapuraKencana has terminated its plans to buy three blocks in offshore southern Vietnam for $400m from Petronas by mutual agreement…
Read More » -
Oil rout forces Hyundai Heavy to close offshore yard
South Korea’s Hyundai Heavy Industries (HHI) is suspending work at its dedicated offshore yard in Onsan, a district of Ulsan,…
Read More » -
Lundin sells FPSO to M3nergy for $265m
Sweden’s Lundin Petroleum has entered into an agreement to sell to Malaysia’s M3nergy for $265m. The sale is effective January…
Read More »