Asia
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Yinson FPSO gets contract extension in Nigeria
Addax Petroleum Development (Nigeria) has extended its contract on Yinson Holdings’ floating production storage and offloading (FPSO) unit by a…
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BW Pacific readies Oslo IPO
BW Pacific will launch an initial public offering and list its common shares on the Oslo Stock Exchange in a…
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Maersk willing to invest billions in Indonesia if cabotage laws change
Ahead of a state visit by the Danish queen to Indonesia this week, which will see Denmark’s largest shipping line…
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Pacific Basin buys NYK handy
Pacific Basin, Hong Kong’s largest shipowner by fleet numbers, has bought a Japanese handysize bulker. Brokers link Pacific Basin with…
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Technics Oil & Gas moves into Indonesia with local tie-up
Singapore-listed offshore service provider Technics Oil and Gas has announced that its subsidiary, PT Technics Offshore Jaya (TOJ), has entered…
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Tanker collision causes 14km oil slick off Japanese coast
A collision between two Japanese tankers yesterday morning has led to an slick up to 14km long off the Japanese…
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Bankrupt Daiichi sells capesize to NS United
Bankrupt Japanese carrier Daiichi Chuo has sold a capesize bulker and its charter to compatriot company NS United. Katsura (207,800…
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Filipino officer dies from fall in Japan
The third officer of the small Japanese general cargo vessel, Asian Infinity (6,832 dwt; built 2010), fell to his death…
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Almi Tankers vessel hit by pirates in Singapore Strait
An aframax tanker owned by Greece’s Almi Tankers, Almi Spirit (105,571 dwt, built 2007), was boarded by at least six pirates…
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PIL adds more 11,800 teu ships
Data from shipyard database Yard Intel shows Singapore’s Pacific International Lines (PIL) has gone back to China’s Yangzijiang Shipbuilding for…
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Push to promote more shipping listings on the SGX
Singapore, regularly topping polls as the world’s greatest international shipping centre, is looking to boost the finance side of its…
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Dry bulk market to remain weak for at least two more years
At a coal and freight seminar yesterday hosted by the Singapore Exchange and IHS, delegates heard how coking coal is…
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SK Shipping seeks financing for four LNG carriers
SK Shipping, the South Korean tanker giant, has made requests for proposal to around 20 local and foreign banks to…
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NYK in for Mipo product pair
Brokers report that the Tokyo-based Nippon Yusen Kaisha (NYK) has gone to South Korea with an order for two 52,000…
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Dae Sun closes in on annual target with raft of orders
South Korean small boxship specialist Dae Sun Shipbuilding & Engineering is expected to nail down a series of orders soon.…
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Petronas terminates charter of Eurasia jack-up drilling rig
Eurasia Drilling’s jack-up rig Saturn has had its charter in the Caspian terminated by Petronas Carigali, effective October 8. The…
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Samudera Indonesia to supply LNG to power plant
Samudera Indonesia has won a contract worth $70m to supply LNG to a power plant in Pomalaa, southeast Sulawesi, from…
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Overseas losses add to DSME’s woes
Another huge hole in the accounting books of South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) is likely to…
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Seoul reticent on who will run STX’s shipyards
Korean shipbuilding musical chairs has set the rumour mill into overdrive. Seoul’s ambition to streamline the number of shipbuilders in…
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Coastal Contracts goes to arbitration to settle dispute with CIMC Raffles Offshore
Offshore service provider Coastal Contracts has announced that its subsidiary, Thaumas Marine, has filed a notice of arbitration with the…
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