Region
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Henghou exercises two VLOC options at Longxue
Guangzhou: Ningbo-based Henghou Group has exercised options for two 260,000dwt VLOCs at Guangzhou Longxue Shipbuilding. Henghou Group ordered two VLOCs…
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Shenhua signs $10bn coal deal with Russia
Beijing: China’s Shenhua Group has signed an agreement with Russia’s state-run company Rostec to jointly develop coal reserves in Russia’s…
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CANSI ‘not optimistic’ on market outlook
Beijing: Tough times for China’s shipbuilders continue with the latest report from the China Association of National Shipbuilding Industry (CANSI)…
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DSIC acquires Dalian Daeyang Shipyard
Dalian: CSIC-affiliated Dalian Shipbuilding Industry Corporation (DSIC) has confirmed it will acquire Dalian Daeyang Shipyard, the subsidiary of Korean shipping…
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PDZ shareholding changes
Kuala Lumpur: After hawking around for a few weeks Pelaburan Mara Bhd has disposed of a 14.73% stake in Malaysian…
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More domestic shipping routes to open to counter Vietnam’s clogged roads
Hanoi: With Vietnam’s roads getting ever more clogged up, the Vietnam Maritime Administration (Vinamarine) is looking to open two more…
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KrisEnergy starts seismic exploration of Sakti block
Singapore: KrisEnergy reported that the Nordic Bahari vessel has commenced acquisition of 1,200 km 2D seismic data in the Sakti…
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Government to intervene to save Rongsheng
Hong Kong: The future of China Rongsheng Heavy Industries looks set to be as a state-run yard. Once China’s largest…
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CSC Phoenix raises $38m from share sale
Shanghai: CSC Phoenix, the in debt bulker subsidiary of Sinotrans&CSC, has managed to raise $38m from a share sale. Three…
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Goods FTA set to resume in Taiwan
Taipei: Taiwan and China will this week resume talks on a goods free trade agreement after negotiations were delayed due…
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ROG Ship Repair: Dutch yard rebrands
Rotterdam: Aiming to make a big splash at this week’s SMM fair in Hamburg will be a Dutch shipyard going…
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Plans for new Haifa port up in the air
Cairo: Plans to develop a new port in Haifa have been thrown up in the air as competing Israeli construction…
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Egyptians rush to buy into new Suez channel
Cairo: A total of E£3bn was raised on the first day of selling Suez Canal investment certificates to the public.…
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Subic and Batangas to become extension ports of Manila
Manila: Like budget airlines that claim to call at major cities but in fact touch down on runways in fields…
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Myanmar pitches Kyaukphyu SEZ
Bangkok: Local and foreign companies are being sought to bid for construction projects in a special economic zone (SEZ) in…
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Thai government approves Pak Bara port development
Bangkok: Not for the first time Thai authorities are looking at building a potentially hugely significant port at Pak Bara.…
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Tasneef to class landmark LNG-powered tug
Dubai: In an initiative as the first of its kind in the Middle East, Emirates Classification Society Tasneef will be…
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Keppel to acquire 10 percent interest in Golar Hilli
Singapore: Keppel Corporation announced that its indirect wholly-owned subsidiary KSI Production has entered into a sale and purchase agreement to…
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Fuel thieving gang arrested
Jakarta: A Pertamina official has been taken into police custody, accused of being involved in five year fuel scandal, making…
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Bumi Armada raises RM1.5bn
Kuala Lumpur: Bumi Armada Capital Malaysia, a wholly-owned subsidiary of Bumi Armada, yesterday successfully made its issuance of Sukuk Murabahah…
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