Japan
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Asia
Hong Kong owners circle Tokyo auction ship
An auction today in Tokyo is expected to see plenty of Hong Kong owners face off for a supramax bulker.…
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Asia
K Line accuses APL Logistics of spreading false bankruptcy rumours
Kawasaki Kisen Kaisha (K Line) has accused APL Logistics of starting malicious bankruptcy rumours. In a note sent to clients…
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Asia
‘This could be heaven or this could be hell’: Bankruptcy paranoia roils the industry
Last week I posited in this regular Scuttlebutt column that it looked like we were entering peak bankruptcy season. This…
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Asia
K Line dismisses bankruptcy speculation
Representatives at Japanese shipping major Kawasaki Kisen Kaisha (K Line) have rubbished reports from China that the line will shortly…
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Offshore
Akastor and Mitsui form subsea joint venture
Kristian Røkke–led Akastor is forming a 50:50 joint venture with Japanese trading house Mitsui & Co to pursue subsea opportunities…
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Europe
Navig8 Chemical Tankers banks $74m from sale and leaseback deal
Navig8 Chemical Tankers has announced a sale and leaseback deal with Japan’s SBI Holdings for two 25,000 dwt stainless steel…
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Asia
Kumiai Senpaku adds third asphalt carrier at Chengxi Shipyard
Japanese owner Kumiai Senpaku has signed shipbuilding contract with CSSC-affiliate Chengxi Shipyard for the construction of a 37,000dwt asphalt carrier.…
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Asia
Chief engineer dies following explosion onboard Korean tanker
A South Korean chief engineer died on Friday evening and two colleagues were injured following an explosion on the chemical…
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Asia
NS United sells first ship of the year
NS United Kaiun Kaisha has made its first reported ship sale in two years, brokers tell Splash. It is a…
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Europe
Hind Maritime takes Japanese handy
The taker of Yamamoto Kisen’s oldest ship that fetched $4.2m at the end of last week has been revealed in…
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Asia
Daiichi Chuo exiting court rehabilitation
Daiichi Chuo, which filed for bankruptcy in Tokyo 11 months ago, is coming out of court rehabilitation, court documents seen…
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Asia
Pair of MR tankers formerly on charter to Hanjin sold for $43m
Clarksons Research is reporting that two MR product tankers owned by Japan’s Wakoh Kisen Kaisha have been sold to a…
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Asia
K Line takeover talk heats up
Tokyo business circles are increasingly convinced that a Japanese fund run out of Singapore called Effissimo will soon move to…
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Asia
Shell Brasil extends contract for MODEC FPSO
Shell Brasil Petróleo has extended its contract with Japan’s MODEC for the operations & maintenance of . The contract has…
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Europe
ER Schiffahrt to manage two NYK Newcastlemaxes
ER Schiffahrt is to manage two Newcastlemax bulk carriers for Japan’s Nippon Yusen Kaisha (NYK), which will include crewing and…
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Asia
Mitsubishi Heavy seeks alliance with three other Japanese yards
Four major Japanese shipbuilders are in discussions to form an alliance to ride out the downturn. Mitsubishi Heavy Industries (MHI)…
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Asia
Winning takes $10.4m newcastlemax
One of the year’s most aggressive capesize buyers is back in the market after a summer break. China’s Winning has…
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Asia
K Line forms Indian stevedoring venture
Kawasaki Kisen Kaisha (K Line) has formed a cargo handling joint venture in India. Nitto Baxi is created via K…
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Asia
Japanese owners dominate dry bulk sales
Data provided exclusively by online pricing platform VesselsValue.com shows just how dramatically Japanese owners have been shedding dry bulk tonnage…
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Europe
Iino Kaiun offloads panamax bulker for $9.4m
The Japanese have been the most active owners this year in terms of selling off dry bulk tonnage amid the…
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