Asia
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Samsung Heavy rocked by another drillship cancellation
In another hammer blow to a Korean mega yard Pacific Drilling has torn up the contract for the ultra-deepwater drillship…
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Romeo behind modern handysize bulker buy
The handysize bulk carrier named owned by Shikishima Kisen of Japan will change hands in the near future. Sources close…
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KDB keen to offload DSME majority stake
Korea Development Bank (KDB), Daewoo Shipbuilding & Marine Engineering’s (DSME) main creditor, is looking to offload its controlling stake in…
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NYK Line takes full control of its Vietnam subsidiary
NYK Line has announced that it has purchased the 49% equity shares in NYK Line (Vietnam) from its local joint…
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Petronas hires jack-up rig from UMW Offshore Drilling
Malaysia’s UMW Offshore Drilling is to provide one of its jack-up drilling rigs to Petronas Carigali for up to eight…
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Farstad sells AHTS vessel
Farstad Shipping’s Singapore subsidiary has sold its anchor handling tug supply vessel (AHTS) (5,453.6 bhp) for its “book value”, but…
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AET orders eight tankers for $500m
American Eagle Tankers (AET) has ordered eight product and crude tankers from two South Korean yards for delivery in 2017…
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Neptune Pacific branded greedy by Nauru minister
A shipping line providing the only maritime freight link to Nauru, a tiny spec in the South Pacific, has been…
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Da Nang planning $48m upgrade of Tien Sa Seaport
Vienam’s Da Nang Port is going to invest VND1 trillion ($47.6m) for the second phase upgrade of Tien Sa Seaport…
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Eukor extends car shipping contract with Hyundai
Eukor Car Carriers has agreed with Hyundai Motor Group to carry Hyundai and Kia vehicle exports from Korea for a…
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Heng Tong back at Cosco Dalian for another product tanker
Emerging fuel specialist Heng Tong Fuels & Shipping, a subsidiary of Coastal Holdings, has been linked to a 22,000 dwt product…
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Tripartite meeting highlights ballast water management concerns
Shipping is still a long way from comfortable with impending ballast water management legislation, according to minutes just released from…
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Fred Olsen Energy cancels disputed HHI rig contract
In an ongoing spat between Fred. Olsen Energy and Korean mega yard Hyundai Heavy Industries (HHI), a rig contract has…
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SPP employees warn yard could close from lack of orders
SPP Shipbuilding, one of the world’s leading builders of MR tankers, could close by the end of next year unless…
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1,000 demonstrate against Thai port plans
Around 1,000 people demonstrated yesterday against a planned new deepsea port to be built on a stunning part of Thailand’s…
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DSME’s union bows to its creditors’ demands
Daewoo Shipbuilding & Marine Engineering (DSME) could be about to get extra funds from its creditors after the shipyard’s union…
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Singapore to become LNG trading hub
Rising LNG supply and demand within Asia has prompted plans to establish a domestic natural gas trading market in Singapore,…
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Aban Offshore wins ONGC jackup deal
Chennai-based Indian drilling company Aban Offshore has announced today the award of a contract from Oil and Natural Gas Corporation…
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Indian yard looks to offload bulker
Following the failure by Chennai-based Goodearth Maritime Limited to pay installments on time, Hindustan Shipyard Limited has started negotiations with…
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FSL Trust acquires second-hand tanker
FSL Trust Management, the trustee-manager of First Ship Lease Trust, has announced that it has entered into a memorandum of…
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