Asia
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Phoenix product purchase
Manila: Phoenix Petroleum Philippines is spending P242m to buy a new 14,000dwt product tanker for its recently acquired subsidiary Chelsea…
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Two more investments for freewheeling Yangzijiang
Singapore: Nimble Chinese yard Yangzijiang Shipbuilding continues to diversify as it looks to avoid the worst of the downturn.…
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PTT eyes Dawei
Bangkok: Interest among Thai firms in the future megaport of Dawei in Myanmar continues to rev up. Energy firm PTT…
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Milestone deal for Icon
Kuala Lumpur: Malaysia’s Icon Offshore has bagged a massive set of charter deals. Five offshore supply vessels and three anchor…
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Thoresen Thai looks to double dry bulk fleet by 2015
Bangkok: Thoresen Thai Agencies’ efforts to raise cash will go towards doubling its dry bulk fleet, as well as adding…
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Gloomy outlook for Asia-Europe box trades: Alphaliner
Paris: Painting a gloomy picture for the start of the Year of the Water Snake French container analysts Alphaliner…
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Vietnam offshore shuffle
Hanoi: PetroVietnam and the national government have approved a farm-out of offshore exploration blocks 120 and 105-110/04 by Neon…
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Fincantieri completes STX OSV buyout
Singapore: Fincantieri, through its wholly owned subsidiary Fincantieri Oil & Gas, has successfully completed the acquisition of 50.75% of Singapore-listed…
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Hun Sen opens new Cambodian boxport
Phnom Penh : The Cambodian capital on Tuesday inaugurated a brand new container terminal at Phnom Penh Autonomous Port. On…
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PTTEP has huge cash reserves for global expansion
Bangkok: Thailand’s only petroleum explorer PTT Exploration and Production Plc (PTTEP) has announced a $24.67bn war chest for investments in…
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Disastrous final quarter pushes FSL into the red for 2012
 Singapore: An especially brutal final quarter saw Singapore’s First Ship Lease Trust notch up an $8.4m loss for 2012,…
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MMM executives rapped
 Kuala Lumpur: Four Malaysian Merchant Marine Bhd (MMM) directors have been publicly reprimanded and fined a total of RM493,750…
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AET trumpets advanced specs of new VLCC
 Kuala Lumpur: Last week, leading petroleum tanker operator, AET, took delivery of a new 320,000 dwt VLCC from Korean…
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Finance minister slams Tanjung Priok
Jakarta: The nation’s finance minister Agus Martowardojo is the latest person to criticize Indonesia’s top port, Tanjung Priok, slamming the…
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Presidential opening for Austal’s Cebu yard
Manila: The president of the of the Philippines, Benigno Aquino (pictured), visited Austal's shipyard in Balamban, Cebu last week to…
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Hanoi delays domestic ban on foreign-flagged ships
Hanoi: The Ministry of Transport has pushed back the edict to restrict the granting of new licenses for foreign-flagged…
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PTT Exploration & Production eyes perpetual bonds
Bangkok: As it looks to fund more than $20bn in oil and gas projects in the coming five years…
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Slow Vinalines might be booted from Haiphong port development
Hanoi: To speed up stalled development plans in Haiphong port Vietnam National Shipping Lines (Vinalines) is likely to be…
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Ranhill Energy lines up KL listing
Kuala Lumpur: Ranhill Energy and Resources, a Malaysian utility firm involved in energy and water, is looking to list in…
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Thoresen Thai lays out 2013 goals
Bangkok: Thoresen Thai Agencies (TTA), in a further bid to diversify earnings, plans to join a new round of…
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