Asia
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Sete Brasil’s woes hurt Keppel
Sete Brasil’s financial crisis, linked to the broader corruption scandal enveloping state oil firm Petrobras, has reverberated as far as…
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HMM’s dry bulk fleet in the shop window again
The on/off sale by Hyundai Merchant Marine (HMM) of its dry bulk division has resurfaced again. The Korea Economic Daily…
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Offshore industry fears fallout from Petronas cuts
Offshore operators in Southeast Asia are bracing themselves for a big hit following yesterday’s news that Malaysian giant energy firm…
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SPP takeover details revealed
Details of the planned takeover of part of SPP Shipbuilding have been revealed. Speaking with Korean newswire Yonhap, Woo Oe-Hyun,…
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Shalabh Mittal relinquishes CEO post at bust Mercator Singapore
Shalabh Mittal has resigned as CEO and managing director of the soon-to-be defunct bulker firm, Mercator Lines (Singapore). His father,…
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Cambodia cancels offshore concessions held by Resourceful Petroleum
The Cambodia government has cancelled two concessions for offshore oil, Block B and Block F, held by Malaysia’s Resourceful Petroleum.…
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Capesizes give a glimmer of hope amid depressing dry market
The Baltic Capesize Index (BCI) advanced by 1 point to 186 today as iron ore chartering activity stirred, ending the…
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Petronas staff face four-day week and 30% pay cuts
Staff at Malaysian oil and gas giant Petronas face a four day working week and pay cuts of up to…
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Indonesian logistics firm plans to enter port infrastructure business
Indonesian logistics PT Humpuss Intermoda Transportasi plans to enter the port construction and infrastructure business. The company is to provide…
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Ezra Holdings share price hit by consolidation plan
Ezra Holdings shares have dropped over 17% in trading today as investors reacted negatively to an announcement by Ezra overnight…
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Worker killed at shipbreaking yard in Bangladesh
Another worker at a Bangladeshi ship recycling facility died yesterday. Akkas Ali, 45, was killed by a falling steel plate…
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NYK fixes charter for new wood-chip carrier
Nippon Yusen Kaisha (NYK) has concluded a long-term contract with Hokuetsu Kishu Paper for a new wood-chip carrier. The new…
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Swiber buys stake in Nigerian offshore engineering company
Swiber Offshore Construction has bought a 38% stake in Nigeria’s Deltatek Offshore, which will see the offshore engineering provider become…
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Sembcorp Industries may buy back Sembcorp Marine to save it
Singapore’s Sembcorp Industries may inject funds into Sembcorp Marine or buy back the remaining 39% stake it does not already…
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Fleet sale on the cards for Mercator’s bulkers
In further updates to yesterday’s news that India’s Mercator has decided to wind up its Singapore dry bulk business, the…
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Capesize values hit lowest level since 1992
The market value of a five-year-old capesize vessel has hit its lowest level in over 24 years, according to data…
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Prosafe gets $30m credit on final accommodation rig payment
Jurong Shipyard has given Prosafe $30m in seller’s credit on the final payment for its accommodation rig , which is…
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Mercator quits dry bulk
Mercator Lines (Singapore) (MLS) is exiting dry bulk. The Singapore-listed arm of the Indian owner outlined plans to divest itself…
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India to launch local P&I Club
An Indian P&I Club is on the cards as part of New Delhi’s ‘Made in India’ drive. The government is…
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Lionel Lee share sale draws ire from Ezra investors
Ezra Holdings investors are up in arms after the company revealed on Friday afternoon that CEO Lionel Lee had offloaded…
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