Singapore
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Asia
ICBC terminates Emas Offshore charter, claims $194.5m against Ezra
Singapore’s offshore vessel operator Emas Offshore has announced that its subsidiary Lewek Champion Shipping has received a notice of termination…
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Americas
Ezra Holdings served second statutory demand as wind up actions loom
US shipbuilder VT Halter Marine, part of Singapore’s ST Engineering, has pressed ahead with its action against Ezra Holdings, now…
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Asia
Ezion in discussions to take over Swissco JV rigs
Ezion Holdings is in discussions with the interim judicial managers of Swissco Holdings to try and snap up four bargain…
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Asia
Former BP bunker exec charged for corruption in Singapore
Chang Peng Hong Clarence, BP’s former eastern regional director for marine fuels, was charged today for taking S$5.65m ($3.98m) in…
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Asia
V.Ships Offshore adds another with Ultra Deep Solutions management deal
V.Ships Offshore, part of V.Group, has tied up a contract with Singapore’s Ultra Deep Solutions for the full technical and…
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Asia
Ezra Holdings dragged into VT Halter Marine action against Emas Chiyoda Subsea
US shipbuilder VT Halter Marine, part of Singapore’s ST Engineering, has issued Ezra Holdings with a summons related to action…
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Asia
Ezra Holdings at mercy of Emas Chiyoda Subsea creditors
Singapore’s Ezra Holdings has admitted that it faces a possible wind up application from Norway’s Forland Subsea. Forland issued Ezra…
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Asia
Emas Chiyoda Subsea sends EMAS-AMC Norway into liquidation as new CEO appointed
Emas Chiyoda Subsea (ECS), which filed for chapter 11 in the US earlier this week, has placed Norwegian subsidiary EMAS-AMC…
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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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Shipyards
ST and Hornbeck dispute heads to arbitration
Singapore Technologies Engineering has announced that its US subsidiary VT Halter Marine has gone into arbitration proceedings with Hornbeck Offshore…
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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
Train wrecks, shipping and transparency
“A train wreck in slow motion.” That’s how Venkatraman Sheshashayee, the offshore veteran and CEO of Micyln Express Offshore, described…
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Asia
Bibby gets green light for Emas Chiyoda Subsea vessel arrest
Bibby Offshore has advanced in its Texas court case against Emas Chiyoda Subsea, with the judge granting the company permission…
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Asia
Ezion postpones delivery of four rigs
Struggling Singapore-listed Ezion Holdings has postponed taking four service rigs indefinitely in a move that it says will save it…
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Asia
Vallianz trades new shares to cancel some debts
Vallianz Holdings is offering new shares to 13 of the companies it owes money to in order to balance its…
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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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Maritime CEO
AXSMarine: Shipping 2.0
Shipping is in the midst of a new dot-com boom, argues the chief commercial officer of broking software firm AXSMarine…
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Asia
Forland finds work for vessel defaulted on by Emas Chiyoda Subsea
Norwegian owner Forland Subsea says that it has entered into a time charter party with a major international contractor for…
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Asia
Emas Offshore refinancing deal delayed
Emas Offshore, part of Singapore’s Ezra Holdings, has yet to close a previously announced deal with lenders to refinance its…
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Asia
Downturn brings shipping closer to the general public
A picture paints a thousand words so the saying goes. I was indebted earlier this week to lawyer Lars-Erik Østerbø who…
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