Asia
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Sime Darby and MMHE head for arbitration over disputed yard sale
Kuala Lumpur: Malaysian conglomerate Sime Darby and shipyard group Malaysia Marine and Heavy Engineering have gone into arbitration over a…
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Vietnam to investigate legality of carrier surcharges
Hanoi: Vietnam’s ministries of finance, transport, and industry and trade have said this week that they will review all surcharges…
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India to build five mega reserves of crude oil
New Delhi: The Indian government is expected to rope in private refiners and state firms from West Asia to build…
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New Delhi to request Dhaka for use of Chittagong port for grain transportation
New Delhi: The Indian Food Ministry, which has been concerned with the absence of adequate infrastructure at Ashuganj port on…
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Capesizes go into lay-up in Asia
London: Brokers in Singapore estimate that “six or seven” capesize bulk carriers have gone into hot lay-up, according to reports.…
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Cochin Shipyard signs LNG technology transfer deal with Samsung Heavy
Cochin: Government owned Cochin Shipyard has become the second Indian shipbuilder to seal a transfer of technology deal with a…
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Impounded Russian vessel released after payment of bond
Mumbai: A Russian cargo vessel, which had been detained by the Indian Coast Guard in the wake of a directive…
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Global Shippers’ Alliance formed
Surabaya: Shippers of the world have united. The European Shippers’ Council (ESC), the Asian Shippers’ Association (ASA) and the American…
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Sasebo set for expansion
Tokyo: Following a decade of contraction, shipbuilding on Japanese soil is experiencing a renaissance of sorts. This January, Imabari Shipbuilding…
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BW Pacific back at STX for two more LR1s
Seoul: STX Offshore & Shipbuilding has won an order for two LR1 tankers from repeat client BW Pacific. BW Pacific…
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New Delhi plans anti-dumping duty on certain types of steel
New Delhi: In a bid to protect indigenous industry, India’s Ministry of Trade has recommended anti-dumping duties ranging from $180…
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GAIL to re-issue LNG ships tender with altered norms
New Delhi: After failing to attract any bids from domestic shipbuilders for constructing three liquefied natural gas (LNG) carriers in…
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Indonesia hands Statoil another licence
Oslo: Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an…
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Manila a step closer to changing cabotage laws
Manila: The Philippines has taken a step further to changing its cabotage laws. Three committees in congress yesterday voted in…
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NYK sets up new employment scheme for Japanese seafarers
Tokyo: NYK has decided to implement a new employment scheme to get more Japanese seafarers with specialist knowledge on its…
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MOL rebrands project divisions
Tokyo: Mitsui O.S.K. Lines (MOL) has created a unified brand — MOL Project & Heavy Cargo — as it looks…
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KrisEnergy kicks off Gulf of Thailand drilling
Singapore: KrisEnergy has said that Key Gibraltar jackup rig has commenced drilling of the Rossukon-2 exploration well in the G6/48…
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ClassNK back at the top of the class
Tokyo: DNV GL’s time at the top of the ship classification league did not last long. Japan’s ClassNK announced today…
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Greatship: The nine-year path to the top
Mumbai: If it had not been for a difference of opinion between the Sheth cousins over the manner in which…
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Fresh trouble for stalled Colombo Port City project
Colombo: The stalled Colombo Port City project has run into fresh trouble, with Sri Lanka’s Civil Aviation Authority pointing out…
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