Survivors of the Sewol ferry disaster and relatives of its victims have filed more than 100 applications for compensation from the South Korean government. But submissions are set to accelerate ahead ...
Sewol compensation claims pick up
Box ship sinks off Thailand
A Cambodia-flagged container ship sank off Phuket, Thailand, in bad weather on 8 July. Sinaran Andaman, with IMO registration number 8654998, sustained engine failure, causing the vessel to drift into ...
SBI Offshore ventures into renewable energy business
Singapore-listed offshore services provider SBI Offshore has partnered with GSS Renewables (GSSR) to pursue a solar photovoltaic energy business. The two companies have incorporated a joint-venture ...
Bumi Armada signs $755m loan facility
Malaysia-listed offshore services provider Bumi Armada has clinched a syndicated term-loan facility and a standby letter of credit facility for a maximum aggregate principal amount of USD755 ...
Bumi Armada clinches $755m loan facility
Malaysia-listed offshore services provider Bumi Armada has clinched a syndicated term-loan facility and a standby letter of credit facility for a maximum aggregate principal amount of USD755 ...
Ezra inks offshore contract in Middle East
Singapore-listed offshore services provider Ezra Holdings has inked a deal with oil company Saudi Aramco for an offshore project in the Middle East. The long-term agreement with Saudi Aramco was ...
Ezra clinches offshore contract in Middle East
Singapore-listed offshore services provider Ezra Holdings has inked a deal with oil company Saudi Aramco for an offshore project in the Middle East. The long-term agreement with Saudi Aramco was ...
CSBC to build two 1,800 teu box ships for TS Lines
Taiwanese shipbuilder CSBC has inked a deal to build two 1,800 teu container ships with an option for another two with compatriot carrier TS Lines. This deal is CSBC's first order for 2015. The first ...
Nandong Mingde Heavy Industry restructuring in doubt
The restructuring of Nantong Mingde Heavy Industry (NMHI) is uncertain as the company has failed to deliver a restructuring plan to its receiver Sainty Marine as scheduled. As of end of June, ...
Cargo carriers collide off Southeast China
Two cargo carriers collided off Ningde, Fujian province, in the evening of 6 July. Chang Fu Xing, a 5,107 dwt vessel carrying ferronickel with 13 crew members, and 15,500 dwt Hong Wei 298 ferrying ...
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