News

Dalian: China's New Times Shipbuilding has inked a contract to build a pair of 74,000-dwt long-range 1 (LR1) tankers with Norwegian owner Jo Tankers for ... [full story]

Singapore: Drydocks World has lost its suit against the former chairman of Labroy Marine Tan Boy Tee for breaching an agreement for in its $2.4bn ... [full story]

Seoul: Talks between STX and Daehan Shipbuilding creditors on Daehan M&A have reportedly collapsed in the end. 
STX had requested for a suspension of Daehan's ... [full story]

Hong Kong: Rapidly expanding Shenzhen petrochemicals firm Brightoil is spending $537m on five VLCCs at Hyundai Heavy Industries. The contract for the five 318,000 dwt ... [full story]

Tokyo:  Tokyo Gas Co  and Mitsui O.S.K. Lines today announced that Tokyo LNG Tanker Co, a wholly owned subsidiary of Tokyo Gas and MOL executed ... [full story]

Hanoi: The Vietnamese government has suspended the head of one of the country's largest state-owned enterprises for alleged mismanagement less than two months after he ... [full story]

Kuala Lumpur: As struggling Malaysian Merchant Marine (MMM) posts a RM5m loss its directors again cast doubt over the company’s future. MMM reported a ... [full story]

Singapore: Yangzijiang Shipbuilding has bagged over $900m in newbuilding contracts over the last two months. The Chinese shipbuilder said it had entered into 28 shipbuilding contracts ... [full story]

Jakarta: Indonesian state oil and gas firm Pertamina plans to invest $600m in new tankers over the next three years. “We plan an international tender to ... [full story]

Hong Kong: Larger handysize tanker newbuildings will soon be on offer at Guangzhou Shipyard International as it expands into another province. 
The Hong Kong-listed builder ... [full story]