Asia
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K Line fixes Imabari newbuild for Mitsui’s Cameron LNG project
Tokyo: Kawasaki Kisen Kaisha’s (K Line) will fix an LNG carrier on charter to Mitsui & Co for 25 years.…
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Larsen & Toubro signs LNG shipbuilding pact with Hyundai Heavy Industries
Mumbai: Engineering and shipping major Larsen & Toubro (L&T) has signed a crucial technology transfer agreement with South Korea’s Hyundai…
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GAIL looks to buy Dabhol LNG terminal
Mumbai: State-owned GAIL India Ltd has put in a bid of INR24bn ($375m) to buy the 5m tonnes per annum…
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SapuraKencana scores contracts worth up to $269m
Kuala Lumpur: SapuraKencana Petroleum has announced that it has secured a total of $269m worth of projects in Mexico, Indonesia,…
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SGX looks at introducing FFA clearing in Asian timezone
Singapore: The Singapore Exchange (SGX) is taking heed of major customers to try and introduce FFA clearing in Asian trading…
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Readers question IMO’s ability to protect seafarers
Singapore: A slim majority of readers believe the IMO is not doing enough to protect the lives of seafarers. 53%…
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Cochin Shipyard boss calls for tax cuts at Indian shipyards
Kochi: Cochin Shipyard chairman, Commodore K Subramanian (Retd), has decried the hefty tax regime on shipyards and their ancillaries, that…
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ONGC seeks to step up output from western offshore fields
Mumbai: Explorer-producer Oil & Natural Gas Corporation (ONGC) is to invest INR250bn ($3.91bn) in its western offshore fields, stretching from…
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Southeast Asian navies vow to take piracy fight into the South China Sea
Singapore: Naval patrols along the Malacca Straits and out to the South China Sea are likely to be increased to…
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Richard Branson to oppose Adani in Australia coal project
Mumbai: Flamboyant billionaire Richard Branson, promoter of the Virgin group of companies, has displayed his new feathers as an environmental…
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ReCAAP sets the record straight
Athens: Yoshihisa Endo, executive director of the Singapore-based ReCAAP information sharing centre (ISC), has given a statement setting the record straight…
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‘More owners are scrapping their ships than ever before’: BIMCO
Copenhagen: Capesizes are set for a record year of demolition, shipowning organisation BIMCO says in a recent report. Data from…
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Adani Group’s Vizhinjam port bid ratified by state review panel
Thiruvananthapuram: An empowered committee headed by the Kerala state Chief Secretary has recommended to the state cabinet the lone bid…
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Wintermar eyes Myanmar
Jarkata: Indonesian offshore service provider Wintermar Offshore Marine is looking to expand its business to other Southeast Asian countries. Sugiman…
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Parakou Tankers nixes NASDAQ listing
Athens: Parakou Tankers and Cambridge Capital Acquisition Corporation have cancelled their plans to merge and publically list the shipping business…
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Naveen Jindal summoned to court as coal fraud case hots up
New Delhi: Industrialist and senior Congress leader Naveen Jindal and 14 others have been summoned to court on May 22 in…
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Philippines tops the charts for monthly shipbuilding receipts for first time
Manila: Available slots and a growing diverse range of products on offer have propelled the Philippines to the top of…
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Masterbulk awards Rickmers with shipmanagement of 16 bulk carriers
Singapore: Rickmers Shipmanagement (Singapore) has been chosen as Masterbulk’s new primary third party shipmanager. Rickmers will take over management of…
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Otto Marine dismisses ‘vexatious’ $8.88m claim
Singapore: Singapore-listed Otto Marine says an $8.88m claim against Otto Ventures is “vexatious”. Otto Ventures entered into a term sheet…
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TH Heavy Engineering to use $42.4m for FPSO conversion
Kula Lumpur: Malaysian offshore service provider TH Heavy Engineering is planning to use RM152m ($42.4m) from RM300m to be raised…
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