Asia
-
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
FESCO makes bonds move
Dalian: Russian containerline FESCO is buying back some bond issues to change its debt profile. FESCO said it would spend…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Thoresen Thai looks to fertilise growth outside shipping
Bangkok: Thai shipping company Thoresen Thai Agencies is considering enlarging its investment in fertiliser factories this year as part of…
Read More » -
Official linked to Sembcorp Marine’s Brazil contracts arrested
Singapore: Singapore-listed Sembcorp Marine has announced today that an official linked to the rig contracts it won in 2012 from…
Read More » -
GSPC, Petronet, GAIL to gain from new LNG policy
New Delhi: Gujarat State Petronet Ltd (GSPL) has been thought to be the biggest gainer from the Indian cabinet’s new…
Read More » -
India’s Shipping Ministry questions relevance of tariff regulator
New Delhi: Concerned about the steadily rising share of non-major and private ports in India’s export-import cargo, the Shipping ministry…
Read More » -
Reliance ups India’s reliance on West African crude imports
London: VLCC fixtures reveal that India is turning away from the Middle East Gulf (MEG) as a source for its…
Read More »