February 17th, 20190A former senior procurement office at Singapore’s Keppel Shipyard pleaded guilty on Friday to 54 charges of corruption and money laundering after taking more than S$700,000 ($515,000) in bribes.
Neo Kian Siong, 63, took the bribes over period of 14 years. Sentencing is expected on April 17. He remains out on bail of S$50,000.
Neo...
February 14th, 20190Offshore vessel operator EMAS Offshore, part of Singapore’s Ezra Holdings, has announced that a non-binding term sheet signed with Udenna Corporation in October 2018 has been terminated.
The agreement, if executed, would have seen Udenna inject $73.29m into Emas Offshore.
Dennis Uy-led Udenna, based in the Philippines, is the...
February 13th, 20190X-Press Feeders has entered into an agreement to continue some of the existing feeder contracts between Hamburg-based Team Lines and their customers after Team ceased operations on Sunday.
The arrangement will cover Team’s existing East Coast Sweden service connecting Stockholm, Ahus and Norrköping with Hamburg and Bremerhaven that...
February 12th, 20190Singapore-headquartered Jadestone Energy has signed a rig contract with offshore driller Ensco for infill drilling on the Stag oilfield, offshore Australia.
Ensco will provide 2006-built jackup rig for the contract, after completion of its current campaign in Dampier, Western Australia. Jadestone is planning to spud the Stag-49H well...
February 10th, 20195A vessel belonging to the Malaysia Maritime Department and a Greek panamax bulker collided yesterday afternoon in an incident likely to spark further political tension between Singapore and Malaysia.
The collision occurred at 2:28pm yesterday, according to the Maritime and Port Authority of Singapore (MPA), in Singapore Territorial...
February 7th, 20190Eastern Pacific aframax tanker , seized in Cameroon waters last week, has been released.
"Eastern Pacific Shipping confirms that on 5 February 2019 our managed Singapore flagged vessel M/T Barents Sea was released by the Cameroonian armed militia which unlawfully seized it last week. The ship has now completed discharge and departed...
February 4th, 20190A fire on the 9,200 teu off Vietnam has yet to be contained four days after it erupted.
The ship was en route from Shenzhen to Singapore when the fire broke out early in the morning of January 31 near the accommodation block, the latest in a series of blazes originating from containers in transit around the world in recent...
February 4th, 20190An Eastern Pacific aframax tanker has been seized in Cameroon waters with the Idan Ofer-controlled shipping line blaming a local charterer for the armed takeover of the ship.
In a statement, the Singapore-based owner said on Sunday: “Eastern Pacific Shipping confirms that while performing standard discharge operations its managed...
February 1st, 20190Ezra Holdings, currently under chapter 11 protection in the US, has announced that Singapore-based subsidiary Emas Energy Services Pte Ltd was placed under creditors’ voluntary liquidation yesterday.
The move comes after a resolution was passed at an extraordinary general meeting and confirmed by creditors.
KPMG Services have...
February 1st, 20190Idan Ofer’s Eastern Pacific Shipping and startup specialists Techstars have launched a shipping startup accelerator in Singapore.
The EPS MaritimeTech Accelerator Powered by Techstars will be based in Eastern Pacific’s headquarters in Singapore.
“The merchant maritime industry is one of the oldest in the world, yet...
