Financial Turmoil Hits Leading Shipbuilder in Vietnam
Vietnam shipbuilder SBIC formerly Vinashin, is poised for bankruptcy as numerous attempts to restructure the company have proven unsuccessful.
Asia
Nakilat Commissions Six New Gas Carrier Builds in S. Korea
Nakilat, a leading Qatari company in liquefied natural gas (LNG) shipping, is significantly expanding its fleet by adding six new gas carriers.
Japan Coast Guard Crash May Have Been Comms Confusion
Per media, the Japan Coast Guard aircraft hit by a landing passenger jet has encountered confusion over who had the right to use Haneda's runway.
Cruise Ship Rescues Fishermen Thanks to Observant Passengers
Costa Cruises’ 114,500 gross ton Costa Serna was cruising the Arabian Sea when the vessel rescued a group of stranded fishermen lost out to sea.
New Bunker Collides with Chinese Fishing Boat, 8 Missing
An accident between a new Singapore-registered bunker that just completed construction and a fishing boat is investigated by Chinese authorities.
First Cruise Ship Made in China to Set Sail From Shanghai
January 1st saw China’s first domestically made cruise ship begin its maiden voyage, offering mainland travelers the opportunity to go overseas.
Fatalities Following Collision of Japan Coast Guard & Passenger Planes
Tuesday's event at Haneda airport resulted in the loss of 5 Coast Guard crew , while all 379 occupants of the JAL plane miraculously survived.
13-Year Jail Sentence for Former Chinese Shipbuilding Head
Hu Wenming, former chairman of state-owned China Shipbuilding Industry Co (CSIC), has been sentenced to 13 years in prison and fined $700,000.
Indian Navy Dispatch Warships in Response to Drone Attack
Guided-missile destroyers will be strategically positioned by the Indian Navy in the Arabian Sea following an incident involving a drone strike.
Harim Group Chosen to Acquire HMM
The Harim Group has been chosen by state-owned creditors to acquire a controlling interest in HMM, South Korea's premier shipping company.
Philippines Plans Offshore Exploration in South China Sea
President Ferdinan Marcos Jr of the Philippines stated that the country is actively addressing “exploration issues” in the South China Sea.
MOL Inaugurates Seafarer Manning Company In Indonesia
Partnership is scheduled to commence operations in April 2024, focusing primarily on supplying seafarers for the MOL Group’s LNG carrier fleet.
Japan Announces Successful Bids in Offshore Energy Auction
Three offshore wind farm operators were selected by Japan's ministries of industry and land on Wednesday.
RWE & Partners Deal for 684 MW Offshore Wind Power Venture
RWE has been chosen as part of a group to construct & manage an offshore wind project situated off the shores near Murakami and Tainai in Japan.
Toyo Secures Deal with VARD for Tailored Hybrid Cable Layer
VARD inks $200 million agreement with Toyo. The contract covers planning and construction of an advanced hybrid cable lay and construction vessel
10 Detained for Alleged Unlawful MGO Transaction
According to Singapore Police 10 individuals were detained for alleged involvement in a fraudulent Marine Gas Oil transaction on August 4, 2022.
Freight Ships To Avoid Taiwan Due to China's Naval Exercises
As China conducted its most provocative military exercises in decades surrounding Taiwan, shippers rerouted their boats from the Taiwan Strait.
MPA Suspends Glencore’s Licence
Following an inquiry into fuel contamination earlier this year, the MPA Singapore has decided to suspend Glencore's bunker permit for two months.
MoU Signed by Rotterdam & Singapore Ports
MoU signed by the Port Authorities of Rotterdam and Singapore to create the longest green and digital shipping corridor in the world to date.
PETRONAS Signs MoU to Examine CCS Value Chain Opportunities
MoU signed by PETRONAS with 6 Korean businesses to conduct feasibility studies around developing value chain for CO2 capture, transport, storage.