Asia
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DSME selling Seoul headquarters
As is common among struggling shipping-related firms in South Korea, the extremely centrally-located Seoul headquarters of Daewoo Shipbuilding & Marine…
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CKYHE Alliance cuts Asia-North Europe and Mediterranean services
The CKYHE Alliance, made up of major container lines COSCO, K Line, Yang Ming, Hanjin Shipping and Evergreen, is to…
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Ex-Vinashinlines accountant arrested on suspicion of embezzlement
The former chief accountant of Vietnam’s Vinashin Ocean Shipping (Vinashinlines) has been arrested for his alleged involvement in misappropriating millions…
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DSME to slash order intake by 20%
Daewoo Shipbuilding & Marine Engineering (DSME), one of the largest shipyards in the world, will cut the amount of orders…
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Atlantic Navigation acquires new liftboat for Middle East work
Singapore-listed offshore specialist Atlantic Navigation Holdings has signed a shipbuilding agreement with a shipyard in China for a new liftboat…
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SK denies DSME takeover talk
SK Group, South Korea’s third largest conglomerate, today denied it was taking over troubled yard Daewoo Shipbuilding & Marine Engineering…
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Oriental Shipping & Investment in for two VLCCs
A low key Korean line is making a strong foray into VLCCs. Hong Kong-based Oriental Shipping & Investment has ordered…
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What a merger between Hanjin and HMM would look like
With details of the mega merger between Cosco and China Shipping expected to be revealed within days, it is across…
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Vinalines looks to offload port stakes
Vietnamese state-run shipping line Vinalines is trying to offload its stakes in two ports it runs with foreign firms, as…
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Icon Offshore appoints Petronas executive as managing director
Malaysian offshore service provider Icon Offshore, has announced that it has appointed Amir Hamzah Azizan as the new managing director…
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Hanjin ‘reviewing’ sale of its stake in H-Line
Hanjin Shipping says it is “reviewing” the sale of its 22.2% stake in H-Line, which it hopes could raise up…
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Astomos Energy orders another VLGC at Mitsubishi
Mitsubishi Heavy Industries (MHI) is to build an 83,000-cbm LPG carrier for Astomos Energy Corporation, a Japanese LPG importer that…
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Korea’s big three yards brace for more hits to their $66bn offshore backlog
The huge offshore gamble that South Korea’s big three shipbuilders embarked upon around a decade ago has come back to…
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Bookbuilding for BW Pacific’s $250m IPO underway
BW Pacific has started marketing its IPO on the Oslo Stock Exchange. The shares will carry the ticker BWP when…
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KSS adds another VLGC
KSS Line has gone to Hyundai Heavy Industries (HHI) for an 84,000 cu m VLGC, paying $77m for the ship…
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Sona Petroleum acquires full interest in Australian oilfield
Malaysia’s Sona Petroleum has announced that its subsidiary, Sona E&P (Perth), has entered into an agreement with Quadrant Northwest and…
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Vessel capsizes near HCM City, 3 feared dead
At least three people are thought to have died when a Vietnamese vessel, Hoang Phuc 18, capsized off Ho Chi…
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Call to move shipping lane further south from Sri Lanka to save whales falls on deaf ears
Efforts by a non-government organisation (NGO) to get containerlines to slow down when transiting south Sri Lanka and to transit…
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Otto’s president of shipping becomes CEO of Go Marine
Garrick James Stanley, president of shipping and chartering for Singapore-listed Otto Marine, will become CEO of the Go Marine group…
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APL boxship allides with gantry crane at Port Said
The ultra-large containership allided with a gantry crane and navy barge at Suez Canal Container Terminal (SCCT) in Port Said…
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