Region
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Inaugural awards show receives royal patronage
Inaugural awards show receives royal patronage Dubai: New maritime media entity, The Maritime Standard (TMS), has announced details of…
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Kaptanoglu Holding: Is the current supply/demand imbalance the new normal?
Istanbul: Is the current supply/demand imbalance across many shipping sectors the new normal? That’s the question posed by Sadan Kaptanoglu,…
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Swissco secures contracts for four offshore drilling units
Singapore: Swissco has announced that four wholly owned subsidiaries of Scott and English Energy have entered into charter contracts worth…
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Another Jakarta terminal to be built
Jakarta: As Jakarta works on its new giant Kalibaru terminal to ease congestion at Tanjung Priok, the incoming new president,…
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Standard Chartered sues Varun’s boss in Singapore
Singapore: Standard Chartered has sued India’s Varun Shipping’s Yudhishthir Khatau for $5.2m over a loan default in Singapore. The loan…
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Vietnam shippers lash out at surcharges
Hanoi: The Vietnam Shippers’ Council has hit out at foreign containerlines slapping “irrational” surcharges on shipments. Khuat Van Lieu of…
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FSL Trust turns corner with first quarterly profit for 3 years
Singapore: FSL Trust has made its first quarterly profit in three years. The trust managed a $1m profit for the…
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Pacific Radiance establishes giant debt issuance programme
Singapore: OSV player Pacific Radiance has established a S$1bn multicurrency debt issuance programme. DBS and OCBC have been appointed as…
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SIPG to sell 20 percent equity in Mingdong Container Terminal
Shanghai: Shanghai International Port Group (SIPG) announced that it has listed its 20% equity in Shanghai Mingdong Container Terminal (SMCT)…
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Xiamen Port leases two berths
Guangzhou: Xiamen Port Group announced that it will move its bulk and general cargo business at two berths of Dongdu…
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Chinese ship quarantined in Cape Verde
Shanghai: A Chinese flag ship has been quarantined near of Pássaros in São Vicente, Cape Verde for Ebola precautions. The…
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Brightoil buys two bunker barges from chairman
Hong Kong: Hong Kong listed Brighoil announced that two subsidiaries of the company has entered into agreements with Zhejiang Brightoil…
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Concordia Maritime: Products sector “fragile”
Gothenburg: The product tanker market is becoming ever more “fragile”, says one of the sector’s leading players. Kim Ullman, ceo…
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Es Sider to reopen
Cairo: Libya plans to restart exports from its largest oil port Es Sider next week after a one-year interruption, the…
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Universal Terminal tipped to launch IPO
Singapore: One of the largest oil storage complexes in Asia, Singapore's Universal Terminal, is planning an IPO, according to Reuters.…
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EOC gets go ahead for Singapore secondary listing
Singapore: Ezra Holdings has provided an update on the proposed public offering of new shares and a secondary listing and…
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Jakarta starts screening for Ebola
Jakarta: With worldwide panic beginning to set in about the potential spread of the Ebola virus from Africa Indonesian authorities…
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20,000 workers hit by Manila’s port congestion
Manila: The congestion at Manila’s two ports are responsible for around 20,000 workers being temporarily laid off work, or having…
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Yangzijiang cuts interest in ship recycler
Shanghai: Yangzijiang Shipbuilding continues to dispose of non-core assets. The giant Singapore-listed yard has disposed of its 50% equity interest…
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Cosco Zhoushan scores bulkers
Shanghai: Cosco Zhoushan Shipyard, part of Singapore-listed Cosco Corporation, has secured a contract valued at more than $56m from an…
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