Singapore
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Asia
Ultra Deep Solutions: The art of subsea
Shel Hutton: the man… the myth… the legend.” So gushes one contact of this dive veteran on LinkedIn, and indeed…
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Asia
Swiber Holdings under investigation
Swiber Holdings has announced that it has received a notice from Singapore’s Commercial Affairs Department that it is investigating an…
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Asia
Rickmers misses interest payment, suspends shares
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, says it is unable to pay an interest payment of S$4.26m ($3m)…
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Asia
Sembcorp Marine offloads stake in Cosco Shipyard
Singapore shipbuilder Sembcorp Marine has entered into a sale and purchase agreement with Cosco to dispose of its 30% equity…
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Asia
Swissco follows Swiber in seeking judicial management
Swissco Holdings has followed fellow Singaporean offshore firm Swiber Holdings into interim judicial management as creditors rejected its restructuring plan…
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Europe
Fincantieri bids to take Vard private
Italian shipbuilder Fincantieri has launched an offer for the shares of Vard Holdings that it doesn’t already own in a…
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Asia
Problems stack up for endangered Swissco
Swissco Holdings looks very close to following fellow Singaporean offshore firm Swiber Holdings into judicial management with news today that…
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Asia
Ezra noteholders approve waivers
Ezra Holdings has been given some breathing space by noteholders of its S$150m notes due in April, who approved a…
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Asia
KrisEnergy reduces working interest in Aceh block
Singapore’s KrisEnergy has announced that it has reduced its working interest in the Block A Aceh production sharing contract to…
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Asia
IMC sells kamsarmax for $12.8m
The Tsao family controlled IMC has offloaded a 2012-built kamsarmax, according to broking sources. Greek owner Kassian Maritime Navigation is…
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Asia
Noteholders fail to agree Rickmers Trust Management’s restructuring plans
Embattled Rickmers Trust Management (RTM) suffered another reversal today in Singapore with noteholders today failing to agree to pass an…
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Asia
Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
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Asia
SGX completes Baltic takeover
One of shipping’s most prestigious institutions is now officially in Singapore hands. The Singapore Exchange (SGX) has announced it has…
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Asia
Maritime HR: Spotlight on Singapore
The Maritime HR Association has recently published its tenth annual salary survey for its maritime members. Some key findings below.…
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Asia
Keppel comes to KrisEnergy’s rescue
Keppel Corp is coming to the rescue of endangered KrisEnergy, taking its stake in the restructuring firm to 67.33% via…
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Europe
Parsan Energi takes LPG carrier for $12.5m
Turkey’s Parsan Energi has taken the 7,396 cu m LPG carrier from Singapore-based MH Progress Line for $12.5m. The ship…
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Asia
Pacific Radiance wins $73m Mexican charter
Singapore OSV owner Pacific Radiance has won a long term charter for a maintenance work boat worth $73 million including…
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Asia
SGX reprimands Swiber
Having only obliquely referenced the company before the Singapore Exchange (SGX) finally came out and lashed Swiber Holdings yesterday. Singapore-listed…
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Asia
Singapore government mulls aid for ailing offshore sector
Singapore’s minister for trade and industry has hinted the government might help out the city-state’s ailing marine and offshore engineering…
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Europe
BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
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