October 21st, 20190The 660 teu feedermax containership capsized on the Long Tau River near Ho Chi Minh City of Vietnam on Saturday. The incident happened when the ship was sailing downstream from Ho Chi Min to Vung Tau with 290 containers onboard. The ship capsized and sank two hours after the crew found the ship started to list. All the 17...
October 1st, 20190Vietnamese company spend FGAS Petrol’s fleet upgrade shows no sign of slowing down. This week Hanoi-based FGAS Petrol has added its most modern ships to date, spending just under $33m on two seven-year-old chemical tankers from Malaysia’s MISC, adding the two 20,000 dwt s sister ships , and . The two ships will join a fleet of...
October 1st, 20190Malaysian FPSO operator Yinson Holdings has secured another extension to charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for one months and will see the FPSO PTSC Lam Son continue to work with PTSC until October 31. The value of the extension is around $1.54m....
August 1st, 20190Malaysian FPSO operator Yinson Holdings has secured another extension to charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for two months and will see the FPSO PTSC Lam Son continue to work with PTSC until September 30. The value of the extension is around...
July 18th, 20190Singapore’s KS Drilling, part of KS Energies been awarded a contract extension for jackup rig . The jackup has been operating in Vietnam for a number of years, and the extension is worth around $5.6m. The company did not reveal the length of contract or the client, although the rig has worked for VietsovPetro in the past. KS...
June 21st, 20190The dire string of gantry crane collisions witnessed over the past two years continues with news from Vietnam where a Hapag-Lloyd boxship remains at anchor following a port smash 15 days ago. The 8,600 teu Nagoya Expresas was leaving Hai Phong International Gateway Port (HITC) in the north of Vietnam on the afternoon in stormy...
June 13th, 20190A court in Hanoi yesterday sentenced Vinashin's former chairman Nguyen Ngoc Su to 13 years in prison for "abuse of power or position to appropriate property” in the latest chapter in a sprawling corruption case that has rattled Vietnam’s top shipbuilding group. The state-owned giant's former general director Truong Van Tuyen,...
May 31st, 20190Vietnam's state-run shipping company Vinalines will regain control of Quy Nhon Port in the south of the country after it has paid VND415bn ($17.7m) to buy back a 75% stake in the port. Vinalines sold its 75% stake in the port to private minerals company Hop Thanh back in 2013. However, the government inspectorate ruled the deal...
May 23rd, 20190One of Vietnams fastest growing private owners, Haiphong-headquartered HTK Shipping, is linked to its first ship purchase of the year. The active buyer is revealed as the taker of the 2007-built, 37,000 dwt handysize bulker, , a ship first reported sold last week by Japanese owner Tokei Kaiun to Vietnamese interests for a price of...
April 24th, 20190Vietnam’s fastest growing owner and biggest handy specialist, Haiphong- based Tan Binh, continues to add ships, adding a third handysize bulker so far this year. Broker sources tell Splash that the outfit has added the 15-year-old, 28,000 dwt Japanese-built for just under $6m. The owner has timed the market well, adding most of...
