News
Another vessel seized off Somali coast as threat level increased
Maritime authorities are warning of an increased threat to ships off the coast of Somalia after a cargo ship became the latest vessel to…
Tag
vessel
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Two Crew Members Die After Engine Room Fire on Singapore-Registered Vessel off China
Two crew members have died following a fire in the engine room of a Singapore-registered bulk carrier off the coast of China, the Maritime…
Business
Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer Shares of Nam Cheong rose S$0.10 or 9.3 per cent in…
News
Six Crew Members Rescued Within 30 Minutes After Vessel Sinks in Singapore Waters
Six crew members were rescued within half an hour after their vessel sank in Singapore's waters, with all reported to be safe, the…
Business
Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 Malaysian offshore support vessel…
Business
Seatrium, Maersk vessel contract dispute to be resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk vessel contract dispute resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the…
Business
Yangzijiang Maritime inks fresh vessel deals ahead of mainboard debut
It also signed letters of intent for joint ventures to build new tankers, bulk carriers Yangzijiang Maritime Development signed contracts…
Business
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel
The contract was with a Maersk Offshore Wind affiliate, for deployment at US offshore wind farm Seatrium on Friday (Oct 10) announced that…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 7%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind Seatrium on Friday…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind Seatrium on Friday…
News
Gunman Pulls Up Boat and Opens Fire at Dockyard Restaurant Killing 3 and Leaving 8 Injured Before Fleeing on Vessel
A tragic scene unfolded on Saturday night in North Carolina when shots were fired from a passing boat into a packed waterfront restaurant,…
Business
Year-old images of Huthi Red Sea strikes resurface after attack on Israeli-owned vessel
After Yemen's Huthi rebels claimed to have struck an Israeli-owned tanker in the Red Sea, images of burning vessels were shared in social…
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First Ship Lease Trust unit to sell one vessel
Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party FIRST Ship Lease (FSL) Trust…