Asia
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Indian Register of Shipping lambasts western views on sanctions against Russia
The Indian Register of Shipping (IRS), the fastest growing classification society in the world this quarter, has sought to explain…
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Bumi Armada’s appeal against Woodside judgement dismissed
The Western Australian Court of Appeal has dismissed an appeal by Malaysia’s Bumi Armada, lodged after the Malaysian company had…
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FSL chemical tanker sold at second attempt
Singapore’s First Ship Lease Trust (FSL) has once again found a buyer for its 15-year-old chemical tanker , which could…
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MOL taps local yards to develop ammonia-powered gas carrier
Japan’s Mitsui OSK Lines (MOL), Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have launched a joint project aimed at developing and…
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X-Press Feeders to equip two boxships with carbon capture tech
Singapore-based X-Press Feeders has signed up for Value Maritime’s carbon capture feature and clean-loop systems, which will be installed onboard…
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Yang Ming and HMM hit by collusion charges in the US
At the end of May America’s official maritime regulator concluded there was no sign of collusion or price gauging by…
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Product tanker rates soar to heights not seen since the start of the pandemic
The product tanker market is looking healthier with each week that passes, with all segments firming up to levels last…
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Samsung Heavy rakes in orders for 14 LNG carriers worth $3bn
South Korea’s Samsung Heavy Industries has landed orders for the construction of 14 liquefied natural gas (LNG) carriers worth around…
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HMM takeover speculation resurfaces as SM Line ups stake
SM Line has spent $646m bolstering its stake in fellow Korean liner HMM, sparking further conjecture of a takeover. HMM,…
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Kumiai Navigation signs up for LPG-fuelled VLGC at Kawasaki Heavy
Singapore-based Kumiai Navigation has ordered a liquefied petroleum gas (LPG)-fuelled 86,700 cu m very large gas carrier (VLGC) at Japanese…
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Mitsubishi bulker to debut BAR Technologies’ WindWings in 2023
Mitsubishi Corporation’s 2017-built panamax bulk carrier will be the first vessel retrofitted with BAR Technologies’ wind propulsion technology WindWings, on…
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Vallianz reveals plans for hybrid electric heavy transport vessel
Vallianz has moved to design and build a hybrid heavy transport vessel (HTV) for the offshore wind industry. The Singapore-based…
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Esben Poulsson: Why shipping must remain united
After two terms spanning six years Esben Poulsson steps down from his role as chairman of the industry’s top lobbying…
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RightShip links with Plug and Play
Maritime platform RightShip has announced a new collaboration with Plug and Play, one of the world’s most successful global innovation…
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Shelf Drilling snaps up Aban jackup for $30m
Dubai-based Shelf Drilling has struck a deal with a subsidiary of Aban Offshore to purchase the 2008-built jackup rig for $30m.…
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JP Morgan picks up cape from H Line Shipping
US investment firm JP Morgan has added another bulker to its fleet according to brokers, snapping up the 2016-built capesize…
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Sapura Energy clinches new contracts worth more than $600m
Malaysian offshore services provider Sapura Energy has landed several new contracts worth a total of RM2.7bn ($612m) in its drilling…
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Aban Offshore sells jackup rig to Adnoc for $28m
India’s Aban Offshore has struck a deal to sell another jackup rig to Adnoc Drilling. The Chennai-headquartered company has offloaded…
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Trucking strike in South Korea costing billions of dollars
There’s no end in sight for the South Korean truckers strike, which has now stretched into its eighth day, costing…
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TotalEnergies to buy 25% stake in India’s Adani New Industries in $50bn green hydrogen push
French energy major TotalEnergies has agreed with India’s Adani Enterprises to buy a 25% stake in Adani New Industries (ANIL),…
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