Asia
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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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General cargo ship sinks off Vietnam
General cargo ship An Phu Khang 079 (1,943dwt, built 2013) suffered from water leakage in its engine room while it…
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Lundin offloads Indonesia assets
Swedish oil and gas company Lundin Petroleum has sold its oil and gas assets in Indonesia to Indonesian firm PT…
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Petronas denies report of cold feet over Canadian LNG terminal
Petronas on Friday reaffirmed its commitment to an $11bn LNG (liquefied natural gas) terminal project in the Canadian province of…
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VLCC timecharter rates hit a peak
US trader Koch Logistics this week fixed a VLCC tanker at the highest reported rate for a one-year timecharter seen…
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IRISL readies slew of vessel orders, looking at boxline JVs
Mohammad Saeidi, chairman of Islamic Republic of Iran Shipping Lines (IRISL), has told Splash of his company’s massive fleet expansion…
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India axes tax on bunkers for coastal container shipping
India has removed customs and excise duty on bunker fuels for India-flagged vessels in coastal and domestic trades in an…
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MISC looking at VLCCs and FPSOs
Malaysia’s top shipping line MISC is in the market for secondhand crude tankers, so long as they can be backed…
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More losses on the cards at DSME
More unexpected losses at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) cannot be ruled out, its lead creditor warned…
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