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Liang Xiaolei (Simon Liang), former chairman and ceo of Chinese private shipyard company Sinopacific Shipbuilding, has been arrested by Myanmar police over tax issues.

Beleaguered Chinese shipbuilder China Rongsheng Heavy Industries faces more issues as it cancelled a much-needed warrant issue after the reported arrest of the main subscriber to the issue, the company said in a stock market announcement.

Seroja Investments is seeking to void an arrest warrant on its panamax vessel over claims by Conirma Marine that the ship is not fit for delivery.

Some 104 bodies have been recovered from the sunken South Korean ferry Sewol, with a further 198 missing.

 

Gulf Navigation’s second VLCC has been arrested by creditors in the Bahamas.

Katia Restis, sister of Greek shipowner businessman, Victor Restis, imprisoned pending trial on money laundering and embezzlement charges, says the family’s shipping business will continue to operate.