Japan
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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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Asia
Japanese shipping majors in freefall
On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just…
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Asia
Shokuyu Tanker sells chemical tanker to Thai firm
The low key Japanese oufit Shokuyu Tanker has sold the eight-year-old Miura Shipbuilding-built, 13,000 dwt chemical tanker for $13m to…
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Asia
Japan’s Orix outlines plans to become major ship finance player
Japan’s Orix Corporation has confirmed it has acquired $289m worth of shipping loans from the Royal Bank of Scotland (RBS),…
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Asia
Japan’s Orix reportedly in for slice of RBS loans
Japanese financial institution company Orix Corp has agreed to buy $290m worth of shipping loans from Royal Bank of Scotland,…
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Asia
Tsuneishi eyes second yard in the Philippines
Japan’s Tsuneishi Shipbuilding is looking at building another yard in the Philippines. The shipbuilder, which has yards in the south…
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Asia
Japan coast guard rescues North Korean crew from sinking ship
Japan’s coast guard rescued 26 North Korean crew from a sinking North Korean cargo ship yesterday. According to the Japanese…
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Asia
Asahi Tanker orders at Minami Nippon
In an all Japanese deal Asahi Tanker has gone to shipbuilder Minami Nippon to order a 51,000 dwt product tanker.…
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Asia
Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
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