Asia
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Masterbulk closes shipmanagement divison, seeks third party manager for its own fleet
Singapore: A sea change in direction for Masterbulk, the Singapore offshoot of Westfal-Larsen Shipping, has seen it axe early plans…
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Sea Asia delegates told not to worry about financing: ‘There’s plenty of funds available’
Singapore: The current climate for ship financing is warming up, and there is sufficient funds in the market, delegates were…
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Icon Offshore under investigation by local anti-corruption taskforce
Kuala Lumpur: The Malaysian Anti-Corruption Commission is taking Icon Offshore to task. The OSV operator, which listed in Kuala Lumpur…
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Red Dot closes in on first ship acquisition
Singapore: Red Dot Shipping, the gas player launched in Singapore last year, is scouring the market for its first ship.…
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MOL orders four car carriers
Tokyo: Mitsui OSK Lines (MOL) has signed a contract with fellow Japanese firm Minaminippon Shipbuilding to construct four car carriers.…
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KR: Towards 100m tons
Busan: The boss of the Korean Register has vowed to get his firm up the ranks of the International Association…
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Shipowners told to install panic buttons to help fight piracy scourge
Bangkok: Ships travelling in pirate-infested Southeast Asian waters should install panic buttons onboard, a Thai rear admiral has proposed. Senior…
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Malaysia’s Coastal Contracts seals $224m jack-up rig sale
Kuala Lumpur: Coastal Contracts has announced that is has secured a contract for the sale of a jack-up rig at…
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Adanis in talks with Korean, Chinese banks to fund Queensland coal project
Ahmedabad: The Adani Group is understood to be in advanced talks with the Exim Bank of Korea and some Chinese…
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Swire Pacific Offshore boss admits conditions increasingly tricky for OSVs
Singapore: Weaker utilisation and a “highly competitive market” are making life extremely difficult for OSV players, a leading name in…
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Germanwings tragedy should serve as wake-up call for shipping: Sailor’s Society
Singapore: Contrary to a recent report from Bimco and the International Chamber of Shipping (ICS) claiming seafarers were largely content…
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IMO head calls for global body to oversee offshore sector
Singapore: Koji Sekimuzu, the secretary-general of the IMO, has called for the offshore sector to have some form of global…
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Sembcorp Marine secures FSO conversion contract
Singapore: Sembcorp Marine has announced today that its Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract…
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Scandal over new container terminal at Hambantota
Colombo: The Sri Lankan shipping industry is aghast at the news that not a single shipping line has as yet…
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Pan Ocean unveils $785m new share placement scheme
Seoul: South Korea’s Pan Ocean has released details of its rehabilitation plan which will see it push through a new…
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Tankers coming under attack once a fortnight in SE Asian waters
Singapore: Latest figures from the International Maritime Bureau show ships are being hijacked in Southeast Asian waters on average once…
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Preparation key to fuel regulatory changes
Shipping knows only too well the difficulties of handling fuel and lubes in 2015’s cluttered, complex seas. Managing fuel and…
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Near term outlook grim: Sea Asia Global Forum
Singapore: The mood was mixed among panellists at the Sea Asia Global Forum this morning. The lead start to the…
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Singapore transport minister calls for greater global maritime collaboration
Singapore: With international trade set to grow dramatically in the coming generation on the back of rising middle classes around…
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Pak govt’s dawdling would allow Engro to encash bank guarantee on April 21
Islamabad: Engro Corporation has become eligible to encash on April 21 a $50m bank guarantee provided by gas utility Sui…
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