Asia
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Beijing clarifies stance on proposed Kra Canal
Guangzhou: Media reports had suggested China and Thailand had signed an MoU in Guangzhou last Friday for the construction of Kra…
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MMB, JNPT form joint venture to develop Wadhwan port
Mumbai: The Maharashtra Maritime Board (MMB) has joined hands with India’s top container port, Jawaharlal Nehru Port (JNPT), in a…
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Ezion Holdings being sued over rig charter plot
Singapore: Singapore-listed offshore marine service provider Ezion Holdings is being sued by Dutch company Atlantic Marine Services in the Singapore…
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Singapore government calls on Iran to investigate Alpine Eternity incident
Singapore: The Maritime and Port Authority of Singapore (MPA) has issued a statement today over the dramatic incident last week…
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Big dip in iron ore imports affects Indian ports
New Delhi: A drop of 75% in iron ore imports, followed by a 25% dip in fertilisers, has drastically impacted…
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Reliance starts fresh drilling in KG-D6 offshore block
Mumbai: Reliance Industries (RIL) and its foreign partners BP and Niko Resources have commenced fresh drilling at the D1 and…
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Swissco ceo Alex Yeo retires
Singapore: Swissco Holdings has announced that Alex Yeo is retiring from his role of executive director and CEO of Swissco…
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Oriental Glory hit again, becomes seventh product tanker taken by Southeast Asian pirates since January
Singapore: A small product tanker has been hit by robbers stealing its cargo for the second time in the space…
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Livestock carrier engulfed in flames
Jakarta: A livestock carrier caught fire in the early hours this morning. The Indonesian-flagged ship, Asia Raya (built 1985), was…
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Essar Shipping: Banking on a young fleet
Mumbai: For a little under seven years since August 2008, Captain Anoop Kumar Sharma has been functioning as CEO of…
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Cape freight rate volatility picks up, as sentiment turns more positive
Singapore: Capesize freight rate volatility has picked up in the past few days and there’s a chance rates could pick…
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‘Bad loan’ tag increases pressure on ABG Shipyard
Mumbai: India’s largest private sector shipbuilder, ABG Shipyard, has missed loan repayments to some lender banks, which have classified the…
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Dayang to take over Perdana Petroleum
Athens: Dayang Enterprise Holdings has today entered into a conditional share sale agreement to take over Malaysia-based offshore service provider Perdana…
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NYK fixes two LNG ships for Cameron project
Tokyo: NYK has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation.…
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K Line vessel refloated
Tokyo: The 10,292 dwt Marine Diamond (built 2005) was refloated today having run aground on Wednesday in Nagoya port. The…
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Essar Ports takes over iron ore-handling complex at Visakhapatnam port
Mumbai: Essar Ports (EPL) has taken over the iron ore handling complex at Visakhapatnam port on a 30-year build-operate-transfer lease.…
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15 gas-based power plants win subsidy to import LNG
New Delhi: At the conclusion of the first phase of bidding under the new gas mechanism formulated to bail out…
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India’s domestic gas output to rise 52% in next three years
Mumbai: India’s natural gas production from hydrocarbon resources is expected to rise 52% in the next three years, outstripping the…
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HSH Nordbank opening Busan branch
Hamburg: HSH Nordbank is looking to South Korea to grow its Asian footprint. The German bank has signed a memorandum…
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Kochi port plans SEZ to push bunker business
Kochi: Leveraging its locational advantage on the international sea route, Kochi port is emerging as India’s top outlet for bunker…
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