Asia
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Cosco Corporation achieves $484.9m gross profit in 2012
Singapore: Singapore-listed Cosco Corporation (Singapore) Limited reports a US$3.7bn turnover and $484.9m in gross profit for 2012. Turnover dropped 10.3%…
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Marco Polo Marine looks to expand reach in the region
Singapore: Marco Polo Marine’s ceo, Sean Lee, has outlined plans to expand its geographic reach to other parts of…
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Otto Marine’s losses worsen, looks to offload assets
Singapore: As was well-telegraphed by offshore operator and fabricator, Otto Marine finished 2012 in the red. The listed entity had…
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Freight rate downturn means MISC offer is decent, Petronas asserts
Kuala Lumpur: Petronas has provided an update on taking its 62.6% controlled shipping line, MISC, private. The energy major is…
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Yangzijiang stays in positive territory, warns of protracted downturn
Singapore: One of China’s more nimble shipyards, Singapore-listed Yangzijiang Shipbuilding, stayed in positive territory for 2012, though admits conditions are…
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Semi-sub win for Cosco Guangdong
Singapore: Singapore-listed Cosco Corporation has announced that subsidiary Cosco (Guangdong) Shipyard has secured a contract with Energy Drilling to construct…
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SGX hands awards to FIS
Singapore: London’s Freight Investor Services has been named top iron ore interdealer broker (IDB) for the fourth year running by…
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Otto Marine subsidiary seeks court protection
Singapore: Otto Marine has decided to apply to put its troubled subsidiary Reflect Geophysical under judicial management. Reflect applied to…
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Total sells Indika stake in Papua oil & gas field
Jakarta: French energy major Total is selling 10% of its stake of an oil and gas field in Papua to…
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Marco Polo Marine: First mover advantage in Indonesia
Singapore: Setting his sights high, Marco Polo Marine’s ceo has outlined plans to become a “significant” group in offshore oil…
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Ezion confident of stronger 2013
Singapore: Having posted strong figures for last year offshore operator Ezion Holdings is confident 2013 could be even better. Singapore-listed…
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SE Asia to lead world in LNG demand through to 2025
Singapore: Southeast Asia will lead the region in LNG demand through to 2025, according to a new report from consultants…
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More roros heading to Thailand, Asia’s car export centre
Bangkok: Japanese lines are increasingly sending their car carriers to what is being described as Asia’s Detroit, namely Thailand, a…
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Swiber celebrates Indian first
Singapore: Swiber Holdings has become the first company ever to complete a successful first floatover operation in India. The…
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European ban on Philippine crews has many on edge
Manila: The local newspaper, the Philippine Star, has reported: “A ban on Filipino seamen in European vessels looms as the…
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Thai port supremo resigns amid worker unrest
Bangkok: Pressure on the director-general of the Port Authority of Thailand (PAT) to quit has quickly proved too much for…
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Bintulu dredging confirmed
Kuala Lumpur: Bintulu port has agreed a contract with Integrated Marine Works for a large dredging contract that could last…
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Asia a possibility for Titanic II
Brisbane: The prospect of seeing a replica of the world’s most famous ship in Asian waters has been raised. Clive…
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No let up in creditors’ pursuit of Reflect Geophysical
Singapore: Reflect Geophysical’s efforts to fend off creditors was a dealt a blow yesterday when Singapore’s High Court denied the…
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Jason Marine restructures in bid to return to profits
Singapore: Jason Marine, the Singaporean marine electronics systems integrator and support services provider, is going through a big restructuring…
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