Hanjin Heavy Industries & Construction yard.

Hanjin Heavy Industries & Construction’s Subic Bay yard in the Philippines will enter into a debt-for-equity swap as the company seeks to restructure its debt with creditors.

Korea Development Bank

State-run KDB is considering an additional bailout package for South Kore’s troubled DSME amid concerns that the shipbuilder is having difficulty meeting its obligations on bonds maturing in April.

FSL results

Singapore-listed FSL Trust disposes of one of its tankers to free up cash and secures repayment of USD20 million for the trust’s loans. 

Scot Navigator.

Scotline is to deploy a tenth dry cargo vessel suited to both its north European liner service network and general trading.

Farstad shipping

The merger came about as part of restructuring efforts in the wake of a sharp fall in the price of oil in late 2014, which had led to a sharp fall in activity and charter rates in the OSV market.

Shokoyu Tanker-owned Golden Izumi.

The price was not disclosed, but similar tankers ordered by other Dae Sun customers in 2016 have been priced around USD13 million.

The 30-day track of Aris 13

If confirmed, it would be the first such attack since 2012.

One of Panoil's bunkering tankers

Suspicion that mass flow meters on the vessels have been tampered with, says Singapore's Maritime and Port Authority.

STX Corporation

South Korea construction company Samra Midas Group is seen as the white knight for troubled shipping companies. 

MOL ship

Smaller liner companies will find it increasingly difficult to survive in the global container shipping marketplace and more industry consolidation can be expected before the realisation of a healthy balance in supply and demand, says the Japanese executive.