Japan
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Asia
Daiichi Chuo turns the corner, nails first operating profit since 2010
One of the most high profile bankruptcies in dry bulk in recent years looks to have turned the corner. Daiichi…
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Asia
Doriko takes first panamax in a decade
The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first…
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Asia
Dae Sun wins Shokuyu Tanker order
Dae Sun Shipbuilding & Engineering has won an order from Japan’s Shokuyu Tanker to build a 3,500 dwt stainless steel…
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Europe
THE Alliance creates first liner emergency fund in the wake of Hanjin’s demise
With just over three weeks till kick off THE Alliance today announced its final network after all needed preparations have…
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Asia
United Ocean kamsarmax sold to Alassia Newships Management
Reports tell Splash that the 81,900 dwt bulker , one of the most talked about bulkers ships in the sales…
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Asia
K Line found guilty of car carrier rig bidding in South Africa
Japan’s Kawasaki Kisen Kaisha (K Line) has been slapped with yet another fine for rigging bids for car carrier shipments…
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Asia
Tsuneishi to create giant $100m recycling yard in the Philippines
Japan’s Tsuneishi Shipbuilding is readying a massive new ship recycling facility in the Philippines. The firm, which already has shipbuilding…
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Offshore
MMA Offshore offloads supply bases to Toll Group
Australia’s MMA Offshore, which just reported a A$324 million ($248m) loss for the first half of its financial year, has…
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Asia
Emas Chiyoda Subsea files for bankruptcy protection
Emas Chiyoda Subsea (ECS) has filed a voluntary petition for chapter 11 in the United States Bankruptcy Court in Houston, Texas.…
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Americas
Helix Energy forces foreclosure of Emas Marine Base in Texas
Emas Chiyoda Subsea, already plagued by multiple legal actions against it for non-payment, has been dealt a further blow by Helix…
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Asia
MOL restructures organisation, eyes new businesses
One of the world’s largest shipping companies, Mitsui OSK Lines (MOL) from Japan, is restructuring its organisation again. Last April…
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Europe
MOL invests in Seajacks
In line with its recently announced intentions to aggressively expand in offshore, Japanese shipping giant Mitsui OSK Lines (MOL) is…
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Asia
NYK eyes exit from Emas Chiyoda Subsea
Market rumours are flying in Singapore around the embattled subsea venture Emas Chiyoda Subsea with talk of Kristian Siem and…
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Asia
K Line becomes a fully-fledged Indian shipowner
A subsidiary of Kawasaki Kisen Kaisha (K Line) has become a member of the Indian National Shipower’s Association (INSA) as…
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Europe
Concordia Maritime signs third sale and leaseback agreement
Concordia Maritime is selling the 2015-built product tanker to what it describes as “a large Japanese financial institution” with naming…
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Asia
Product tanker breaking up on rocks off Japan
The Panamanian-flagged product tanker ran aground on Saturday morning in western Japanese waters. The 18-year-old ship appears to be breaking…
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Asia
Call for new round of Japanese yard mergers
At the turn of the century as Japanese yards handed the baton to their Korean neighbours, local shipbuilders in the…
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Asia
Fukujin Kisen heads to Vietnam for a product tanker
Diverse Japanese owner Fukujin Kisen has ordered one firm plus one option 50,000 dwt MR product tanker at Hyundai Mipo’s…
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Asia
Kyoei Tanker taps Namura for a VLCC
Japan’s Kyoei Tanker has gone to Namura Shipbuilding to order a VLCC. The Japanese yard will deliver the 310,300 dwt…
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Asia
Mitsubishi Heavy Industries plans to spin off yards
Once Japan’s largest private company and the biggest shipyard in the world now faces an uncertain future. Mitsubishi Heavy Industries…
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