Singapore
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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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Asia
Ocean Yield fixes 4-month deal with Ezra
Norway’s Ocean Yield has come to an agreement with troubled Singaporean offshore firm Ezra Holdings over the charter of the…
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Asia
As annual losses balloon, Rickmers Maritime Trust reiterates going concern worries
Struggling Rickmers Maritime Trust (RMT) posted a full year loss of $180m, red ink spiraling 39% more than in 2015…
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Asia
Ezra Holdings faces EMAS AMC wind up
The run of bad news continues for Singapore offshore firm Ezra Holdings. The company has announced that EMAS AMC, a…
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Asia
Sinochem in talks to take a stake in Noble Group
State-run Sinochem is in talks to take a stake in troubled commodities giant Noble Group. While not mentioning the Chinese…
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Asia
Ezra shares tumble another 11% as Ocean Yield cancels bareboat charter
Shares in Ezra Holdings plummeted another 11.1% today to close in Singapore on just 2.4 Singapore cents. Investors have continued…
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Asia
Winning adds another cape
Winning Shipping’s extraordinary expansion continues briskly into 2017. One of the top five dry bulk buyers in 2016, the Singapore-based…
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Asia
Ezra’s woes mount as share price hits fresh all-time low
With investors in Singapore now actively referring to Ezra Holdings as ‘the next Swiber’ the Lionel Lee stock took another…
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Operations
Inquiry gets underway into Indian tanker collision
A senior port official in India has laid the finger of blame on the VLGC for the collision which took…
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Asia
Ezra Holdings told by Forland to pay up or be wound up
Singapore’s Ezra Holdings was served yesterday with a statutory demand from Forland Subsea over NOK25.5m ($3.09m) owed to the Norwegian…
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Greater China
Everest scales new heights with VLOC deal
Singapore-based Everest Shipping has been the most aggressive name at the larger end of the dry bulk business in the…
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Asia
Hatton quits FSL Trust in latest boardroom spat
Chief executive officer Alan Hatton is the latest in a string of high profile departures from Singapore shipping trust First…
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Asia
Ezra admits $170m writedown is on the cards
Embattled Ezra Holdings has once again flagged its ability to operate as a going concern as it confessed in a…
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