Japan ship orders up 38% in June

Orders at Japanese shipyards went up in June 2015, as ship owners rushed to build ships that would comply with the International Maritime Organization’s new standards that will take effect from 1 July 2016.
Figures from the Japan Ship Exporters’ Association (JSEA) showed its member shipyards

Vallianz secures charter extensions

Singapore-based offshore oilfield service provider Vallianz Holdings said on 20 July that has won extensions of existing charter contracts that are worth up to USD458 million.
The contracts are for 15 anchor handling tug supply (AHTS) vessels and four platform supply vessels (PSVs) that are

NOL: No definite sale yet

Singapore’s Neptune Orient Lines has said that it has neither decided on selling itself nor made any agreement with a potential buyer.
In a filing to the Singapore Exchange just before midnight on 19 July, NOL said, “The company is focused on returning its core liner business to sustainable growth