Mitsui & Co looks to invest in Nicaragua ports infrastructure
Japanese trading giant Mitsui & Co is looking into possible investment in several ports in Nicaragua. Talks between Mitsui, represented by Singapore-based global port solutions provider Portek, and...
View ArticleDrunk captain of Swire MPP arrested in New Zealand
The captain of Swire Shipping MPP was arrested for being intoxicated on Friday at Northport in New Zealand, Voxy.co.nz reports. Police were called by Maritime NZ when a pilot assisting the docking of...
View ArticleShelf Subsea takes Miclyn Express Offshore DSV on two-year charter
Australia’s Shelf Subsea has snapped up Miclyn Express Offshore’s Indonesian-flagged dive support vessel on charter for a period of two years. The contract, which includes options to extend, will see...
View ArticleEzion suspends share trading, seeks restructuring
Ezion Holdings looks like it has become the latest Singapore-listed casualty of the offshore downturn, suspending its shares today while it looks for a restructuring deal with banks and creditors....
View ArticleShanhaiguan Shipbuilding Industry cancels Falcon Energy jackup rig contract
CSIC-affiliated Shanhaiguan Shipbuilding Industry has terminated a contract for one of four jackup drilling rigs ordered by Singapore’s Falcon Energy. In June, Falcon Energy announced that it has...
View ArticleSwissco Holdings puts Scott and English into liquidation
Singapore’s Swissco Holdings, which is currently under judicial management, has announced that subsidiary Scott and English Energy has been put into provisional liquidation. It was decided that Scott...
View ArticleIBM, PSA and PIL to work on blockchain technology shipping solutions
IBM continues to coax shipping into the blockchain era. The American tech giant has signed a memorandum of understanding with two of Singapore’s leading maritime firms, port operator PSA International...
View ArticleCreditors get just 12 cents in the dollar as Rickmers Trust winds up
Lenders and noteholders in bust Rickmers Trust Management will get back just 12 cents for every dollar they invested in the container ship leasor. The Bertram Rickmers-controlled Singapore outfit...
View ArticleUltra Deep Solutions adds newbuild DSCV to fleet
Singapore subsea owner Ultra Deep Solutions and its CEO Shel Hutton appear to have mastered the art of the deal, snapping up its fifth vessel which is to be named Picasso. The company has signed a...
View ArticleTen missing after US Navy destroyer USS John S. McCain collides with tanker...
Ten US Navy sailors are missing and five have been injured after guided-missile destroyer USS John S. McCain collided with 2008-built tanker east of Singapore this morning in the Strait of Malacca. The...
View Article‘Steering casualty’ cited in US Navy collision off Singapore
A “steering casualty” onboard the USS John S. McCain has been cited by one US Navy official as the reason for Monday’s horrific collision with a Stealth Maritime tanker, , off Singapore. The navy...
View ArticleSearch fans out for missing American sailors off Singapore
Search and rescue teams fanned out across more than 2,600 sq km of Southeast Asian waters today in a bid to find any survivors from Monday’s collision between the American destroyer USS John S. McCain...
View ArticleSovereign Shipping: Shipbroking in the digital era
Singapore-based shipbroking firm Sovereign Shipping is going through its own digital transformation, developing an S&P app. Wong Hong Lee, managing director, believes the shipbroking sector is...
View ArticleMassive multinational search and rescue effort comes to a close off Singapore
The US Navy has taken the decision to stop searching waters around Singapore for the missing eight seafarers following Monday’s deadly collision between a destroyer and a Greek tanker. Instead, divers...
View ArticleWorld Marine sells chunk of assets to ST Engineering for $25m
Rig repair, fabrication and services company World Marine of Mississippi (WMM) has sold a number of its assets to Singapore Technologies Engineering for $25m. The assets include WMM’s purpose-built...
View ArticleSingapore and Japan forge LNG-fuelled car carrier ties
The Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will form a working group to conduct...
View ArticleLast payouts made at defunct Rickmers Maritime Trust
Rickmers Maritime Trust has been wound up with the last payments made to unsecured creditors, leaving many investors out of pocket. Payments, representing a recovery of about 12.1% to all unsecured...
View ArticleWilmar snaps up supramax pair from Norr Systems
Singapore’s Wilmar Ship Holdings has acquired two supramax bulk carriers from compatriot company Norr Systems. According to broking sources, the two 2013-built vessels Star Vivian and Star Jing have...
View ArticleTwo suppliers lose bunker licenses in Singapore
The Maritime and Port Authority of Singapore (MPA) has announced that it will not be renewing the bunker supplier licences of Panoil Petroleum and Universal Energy when they expire on 31 August 2017....
View ArticleNoble Group readies sale of oil and LNG units
With its debts ballooning embattled Noble Group, an Asian commodities giant, will likely offload its oil and LNG units next month. A report from Alphabulk out this week suggests that the...
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