Asia
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Mitsubishi-led PE fund targets more boxships
Tokyo: Mitsubishi Corporation has announced the final close of MC Seamax Shipping Opportunities Fund, a private equity fund, which is…
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LPG carrier goes missing off Vietnam
Hanoi: Authorities in Southeast Asia are increasingly concerned about the disappearance of a small LPG tanker off Vietnam. The 1991-built,…
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New Delhi’s dredging commitment will see 12 ports capable of handling ultra large boxships
Mumbai: Long the Achilles’ Heel of Indian export goals, New Delhi is now taking action to fix draft issues at…
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MOL rebrands car carrier division
Tokyo: Mitsui OSK Lines (MOL) has rebranded its giant car carrier division as MOL Auto Carrier Express (MOL ACE). MOL’s…
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Otto scores $27m charter deal
Singapore: Offshore builder and operator Otto Marine has announced that subsidiary, Swordfish 1, has entered into a bareboat contract for…
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EMAS Offshore wins $30m contract in West Africa
Singapore: EMAS AMC, the subsea services division of Singapore-listed Ezra Holdings, is to charter four vessels from EMAS Offshore for…
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PSA enters joint venture to operate new China container terminal
Athens: Singapore’s PSA International has signed a joint-venture agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL)…
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Indonesia now capable of handling newcastlemaxes
Jakarta: Indonesia’s transport minister opened the nation’s largest bulk terminal today. Belonging to state run coal miner, PR Bukit Asam,…
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ST Marine corruption scandal snares another official
Singapore: Singapore Technologies Engineering (ST Engineering) has announced today that Patrick Lee, the former group financial controller of ST Marine,…
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Adani gets Vizhinjam green light
Mumbai: The local government in Kerala has given Adani Ports and Special Economic Zone Limited (APSEZ) the green light to…
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Loyz Energy to take over Primeline Engery
Singapore: Singapore-listed Loyz Energy has announced that it has entered into a binding memorandum of understanding for the acquisition of…
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Tanjung Offshore wins two-year Petronas contract
Kuala Lumpur: Tanjung Offshore has put months of instability behind it, announcing that it has been awarded a construction work…
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Excelerate Energy cancels plans for $2bn FLNG order at Samsung Heavy
Athens: Houston-based Excelerate Energy has nixed its plans to order a $2bn floating liquefaction storage and offloading (FLSO) unit from Samsung Heavy…
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PDZ diversifies into LPG production
Kuala Lumpur: Malaysia’s PDZ Holdings is looking to diversify its earnings away from container shipping to LPG. The intra-Asia operator…
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Myanmar’s offshore infrastructure dilemma
As Myanmar moves from the signing off of PSC agreements and the oil and gas majors commence seismic and 3D…
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New Delhi studying cabotage changes
Mumbai: In a move bound to excite foreign shipowners, New Delhi has confirmed it is studying changing its cabotage laws,…
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Hyundai Mipo taps bonds market for first time since 2001
Seoul: For the first time in 14 years South Korea’s Hyundai Mipo Dockyard is tapping the bonds market to raise…
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India joins Paris MoU’s White List
Paris: India is the big mover on the just published Paris MoU list of registries performance. India has climbed into…
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Lancang and Mekong shipping channel to be upgraded
Shanghai: China has reached a consensus with Thailand, Laos and Myanmar on an international shipping development plan on the Lancang…
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Svitzer forms joint venture in Malaysia
Athens: Salvage company Svitzer has established itself in Malaysia via a new joint venture (JV) with local company SVR Marine Services.…
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