Asia
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Parliamentary committee pulls up shipping ministry for underperformance
New Delhi: A parliamentary standing committee has criticised India’s shipping ministry for underperformance in various areas. Among the issues cited…
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Cairn India suffers its largest loss ever
Mumbai: Exploration and production (E&P) giant Cairn India has posted its biggest loss ever, in the fourth quarter of fiscal…
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Maritime Accident Casebook: Crowdfunding for next case study
Manila: Maritime Accident Casebook (MAC), the online safety resource for seafarers, has launched its second crowdfunding initiative to produce its…
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ICTSI pulls out of Okinawa
Manila: Philippine port operator International Container Terminal Services Inc’s (ICTSI) grand plans to make a hub in Okinawa have come…
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Tender launched to salvage Sewol
Seoul: A tender has been launched to seek a salvage company to raise the Sewol ferry, which sank last year…
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Myanmar: Still the Field of Dreams or Nightmare on Elm Street?
Having attended and presented a paper at the April Myanmar Offshore Oil and Gas Summit, it was apparent that there…
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Subsea construction vessel hull sections carried from Singapore to Baku
London: Two hull sections for a “state-of-the-art” subsea construction vessel being built in Azerbaijan are to make their way from Singapore…
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Icon Offshore gives CEO and COO six months to fight corruption claims
Kuala Lumpur: The board at under fire Icon Offshore have agreed to give their CEO and COO up to six…
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Krishnapatnam port eyes stake sale to fund larger ambition
Hyderabad: Krishnapatnam Port Co (KPCL), promoted by the Hyderabad-based infrastructure conglomerate CVR Group, plans to bring in a strategic investor…
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Weak yen and attractive financing make Japanese yards competitive again for first time in more than a decade
Tokyo: Japanese yards are competitive once again, offering deals that put them very close to their East Asian rivals for…
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Petronet LNG under government investigation over gas purchase deals
New Delhi: Natural gas importer Petronet LNG is being investigated by the Indian government over alleged irregularities in gas purchase…
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Varun Shipping clarifies stance on investor grievances
Mumbai: Beleaguered Indian shipowner Varun Shipping has written to stock market regulator Securities & Exchange Board of India (SEBI), clarifying…
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BW LPG takes 25-year-old VLGC for $8m
Singapore: BW LPG, the world’s largest VLGC operator, is paying $8m in exercising a purchase option for the Berge Summit.…
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Manila takes steps to avoid repeat of port congestion saga
Manila: Anxious not to see a repeat of last year’s port congestion in the capital, the Philippine government has moved…
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Varun Shipping faces SEBI ban over investor complaints
Mumbai: Stock market regulator Securities & Exchange Board of India (SEBI) has hit Varun Shipping with a notice of a…
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Zycraft: ‘The threat of terrorism at sea is not far off’
Singapore: Piracy in Southeast Asia shows no sign of abating and unmanned surface vessels could have a role to play…
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Jindal Steel to buy 10 mini-bulkers from Bangladesh
Chittagong: India’s Jindal Steel has placed a 4.8bn Bangladeshi Taka ($61.3m) order for 10 new mini bulk carriers with Bangladesh’s…
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Ambiguous licensing rules prevent expansion of Indian fleet
New Delhi: Indian shipowners have been unable to expand their fleets, even in the wake of the modified tonnage tax…
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Caramin Petroeum, Makamin Offshore and Petro Allied in three-way hook-up
Kuala Lumpur: Malaysian oil and gas engineering specialist, Caramin Petroleum, has announced that subsidiary Caramin Engineering Services has entered into…
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Icon Offshore CEO and COO released by anti-corruption investigators
Kuala Lumpur: Icon Offshore has said in a statement on Bursa Malaysia that Dr Jamal Yusof and Rahman Yusof have been released…
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