Thursday, 24th April 2014

Your daily insight into the shipping world

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Vung Tung: A hijacked Malaysia-flagged tanker Zafirah was recovered by Vietnam Marine Police on Thursday after the crew abandoned the ship following an earlier piracy hijack incident.

Kuala Lumpur: Bumi Armada's earnings edged up in the third quarter on better management of costs and higher utilisation of its fleet.

Beijing: China Classification Society (CCS) has confirmed it has stopped dealing with Iran in a move seen as endorsing the EU oil sanctions on Iran.

Manila: Philippine-based Nautilus Shipyard Repair, Inc. will spend PHP259m ($6.3m) to set up a shipyard in Navotas City, Manila.

Kuala Lumpur: Freshly-merged Malaysia-based offshore supply vessels owner Icon Offshore is aiming to get listed in Kuala Lumpur by 2014 on a market capitalisation of MYR1bn ($326.8m).

Taipei: Taiwan International Ports Corporation (TIPC) has welcomed a pledge of more than NT$55.4bn ($2bn) worth of investments from 18 companies to develop various areas of businesses to complement the services of Taiwan's four main sea ports.

Seoul: South Korea's Hyundai Merchant Marine (HMM) emerged to profit in the third quarter on higher revenues.

Singapore: Singapore's Keppel FELS has won a tender from Ukraine's National Joint-Stock Company (Naftogaz) to build two semi-submersible drilling rigs.

Jakarta: The question as to whether creditors will accept Berlian Laju Tanker’s (BLT) restructuring looks set to be settled on 2 January 2013.

Seoul: Vantage Drilling has ordered a drillship at STX Offshore and Shipbuilding through a new joint venture.

Headlines Asia

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