Asia
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Triyards scores new series of orders
Singapore: Having announced in March a series of orders worth $175m, Singapore’s Triyards has won a new series of orders valued…
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ABG Shipyard pins hopes on India’s richest man Shanghvi
Mumbai: Ailing shipbuilder ABG Shipyard, which has been on the lookout for some time for a strategic investor, is now…
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Revival of Irano-Hind Shipping could be symbiotic for both India and Iran
Mumbai: Following the signing of a nuclear accord between Iran and western super-powers on April 2, the decks have been…
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Government cancels Cilamaya port development
Jakarta: The Indonesian government has cancelled a plan to develop Cilamaya port in West Java, and is planning to move…
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Anoop Sharma takes over as chief of Essar Shipping
Mumbai: Capt. Anoop Kumar Sharma has taken over as whole-time director and ceo of Essar Shipping, following the retirement of…
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Chittagong’s move to offer OEL exclusive berth rights infuriates others
Mumbai: A decision to grant a Singaporean feeder line an exclusive berth in Chittagong has infuriated many in the city.…
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Stanley replaced by See as Otto Marine CEO
Singapore: Offshore operator and shipbuilder Otto Marine has said today that the group has appointed Michael See Kian Heng to…
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FSL Trust’s latest charter shows rising tanker fortunes
Singapore: FSL Trust has entered into a two-year time charter agreement with an American oil company for the FSL Hong…
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Gammon Infra defaults due to Mumbai box terminal cost overrun
Mumbai: Gammon Infrastructure Projects (GIP) has defaulted on its loan obligations to lenders, due mainly to massive cost over-runs on…
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Indian government moves to give guaranteed business to local shipowners
New Delhi: In a bid to strengthen and promote the Indian shipping industry and ensure guaranteed business to local shipowners,…
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Muto admits MOL ‘went off course’ in failing to hit financial targets
Tokyo: The outgoing president of Japan’s Mitsui OSK Lines (MOL) has admitted the company has veered off track in the…
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Howe Robinson Partners up and running in Singapore
Singapore: Shipbroking’s consolidation era continues with today being the first day of trading for Howe Robinson Partners, the merged entity…
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FESCO makes bonds move
Dalian: Russian containerline FESCO is buying back some bond issues to change its debt profile. FESCO said it would spend…
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Former Sri Lankan President Rajapakse’s ‘extravagant’ port projects questioned
Colombo: Former Sri Lankan president Mahinda Rajapakse, who was voted out of office in January this year, is being confronted…
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MOL names new president and chairman
London: Junichiro Ikeda is to take over the role of president of Mitsui OSK Lines (MOL) from Koichi Muto, who has been named…
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Swire Shipping’s Tasmania deal fails to materialise
Singapore: A move to provide a direct shipping link from the Australian state of Tasmania to Asia has fallen through.…
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India makes first crude oil purchase for strategic reserve
Mumbai: India has bought the first oil for its strategic petroleum reserve (SPR), in the form of a 2m barrel…
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Indian shipping to be given more importance: Gadkari
New Delhi: India’s Road Transport, Highways and Shipping minister Nitin Gadkari claims to have persuaded the BJP-led National Democratic Alliance…
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Scrap prices improve, more capesize demolitions on the horizon
London: Scrap prices have turned a corner and are up by around $20/LDT as local steel plate prices improve and…
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Jawaharlal Nehru Port Trust goes offshore to raise funds
Mumbai: India’s No.1 container gateway, Jawaharlal Nehru Port Trust (JNPT), has decided to leverage its dollar-denominated income to raise overseas…
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