Asia
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Marmaras Navigation says it will take disputed pair of Sungdong capes
A widely reported cape newbuilding sale from South Korea’s Sungdong Shipbuilding has failed, according to sources. The 180,000 dwt Maria…
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Korea’s big three yards brace for another tumultuous year
The heads of South Korea’s big three shipbuilders have delivered their New Year’s addresses, warning of another very difficult 12…
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Precious Shipping scraps handysize bulker
Thailand’s Precious Shipping has confirmed it has sold its 20-year-old handysize bulk carrier for scrap to Pakistani buyers at a…
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Japanese shipping giants warn of ‘severe’ business climate
Two of the most powerful men in shipping have warned the industry faces another tough year. The heads of Japanese…
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Is the liftboat market going the same way as the jack up?
In an interview with Maritime CEO last February, I was reported as saying that the “worst was yet to come…
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Woodside Petroleum finds gas offshore Myanmar
Woodside Petroleum has discovered a large offshore gas reserve at the Shwe Yee Htun-1 exploration well in block A-6 in…
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TYM Group orders jack-up pair at China Merchants Industry
Singapore’s Thong Yong Marine Group (TYM Group) has signed contracts with China Merchants Industry for the construction of two jack-up…
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Creditor banks cut ties with ailing STX Offshore & Shipuilding
A number of creditor banks to South Korea’s STX Offshore & Shipbuilding have decided to stop supporting the yard, saying…
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Russian and Iranian shipyards sign agreement to build oil rigs
Iranian shipbuilder ISOICO and Russian yard Krasnye Barrikady have signed an agreement to jointly build rigs for oil and gas…
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India pushes ahead with LNG fuel plans along its rivers
Taking a leaf out of China’s bid to clean up the Yangtze, India is pushing ahead with big reforms along…
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Golar LNG linked to GAIL gas contracts
Local media in India suggest Golar LNG is in negotiations with energy firm GAIL to ship gas from the US…
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Seoul launches $1.2bn ship investment scheme
The government of South Korea has come to the aid of the nation’s struggling shipping lines, launching a $1.2bn ship…
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Triyards diversifies further with new oil barge contracts
Singapore’s Triyards has announced that it has secured contracts to build two oil barges worth $21.82m from new client CPC…
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Korea Line sells VLGC hit by explosion to Chinese buyers
A VLGC onboard which an explosion killed two crew during 2014 has been sold by Korea Line to Chinese interests…
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Samudera Shipping sells two small tankers
Indonesia’s Samudera Shipping Line has sold two of its small tankers, Sinar Tokyo (2,900 dwt, built 2004) and Sinar Bukom (3,100 dwt, built…
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Keppel Offshore & Marine scores four new contracts
Singapore’s Keppel Offshore & Marine has won four new contracts from repeat customers worth a total of around S$125m ($88.7m). Keppel…
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Bodies of missing Thorco Cloud crew found
Thorco Shipping has today issued a release saying that local search and rescue teams over Christmas recovered three lifeless bodies…
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Bumi Armada secures $1.12bn financing for FPSO project
Bumi Armada has announced that its wholly-owned subsidiary Armada Cabaca, has secured a syndicated facility comprising term loan, standby letter…
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New CEO for Adani Ports and SEZ
India’s Adani Ports and Special Economic Zone (APSEZ) has appointed Karan Adani to the role of CEO effective January 1.…
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‘2016 will be a year of caution’
Captain Ashok Sabnis, founder and managing director of Singapore’s Goodwood Ship Management looks at the tanker trades next year, as…
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