By MarEx 2015-10-06 12:24:32 On October 5th, the U.S. and six other nations began a five-day naval exercise. The Singapore-based Southeast Asia Cooperation and Training Exercise (SEACAT) wants more ...
SEACAT Anti-Pracy Exercises Begin
Port of Piraeus Sale Delayed
By Reuters 2015-10-06 11:08:49 Greece will put off by a few weeks the sale of a majority stake in its largest port, Piraeus , after a September 20 snap election held up work at ministries, ...
Washington Probes Missing El Faro
By MarEx 2015-10-06 10:37:21 Representatives from the National Transportation Safety Board (NTSB) have arrived in Jacksonville, Florida as part of the ongoing investigation of the M/V El Faro, which ...
Water Depth Will Hinder El Faro Search
By MarEx 2015-10-06 10:37:21 Representatives from the National Transportation Safety Board (NTSB) have arrived in Jacksonville, Florida as part of the ongoing investigation of the M/V El Faro, which ...
Japan Closing in on Submarine Contract
By MarEx 2015-10-06 10:08:05 In another move highlighting the growing ties between the nations, a Japanese consortium has placed a $35 billion bid to construct submarines for the Royal Australian ...
HMM divests dry bulk units and terminals
Hyundai Merchant Marine (HMM) will securitise its dedicated bulk services and overseas terminals in another effort to boost its liquidity. South Korea's second biggest shipping company said in a Korea ...
Trade deal hoped to tip Australian trade deficit
Australia's key industry players are reserving comment on the Trans Pacific Partnership (TPP) trade deal clinched overnight in Atlanta, Georgia, until details are released. However, a last-minute ...
Analyst predicts bright outlook for Hyundai Mipo
Growing seaborne trade in oil products will generate demand for product tankers, auguring well for Hyundai Mipo Dockyard, an industry analyst has asserted. HMD, a mid-tier South Korean shipbuilder, ...
Epic Gas wins financing for newbuildings
Singapore-based LPG ship owner Epic Gas announced today that it has secured USD120 million from a syndicate of banks to finance its remaining seven owned vessels under construction. ABN AMRO Bank, ...
Tokyo court approves Daiichi Chuo rehabilitation
Struggling Japanese bulker operator Daiichi Chuo Kisen Kaisha was given the green light by the Tokyo District Court to start civil rehabilitation on 5 October. The company applied for civil ...