South & Central Asia
Another Fatality Reported at Bangladeshi Shipbreaking Yard
Another shipbreaking worker died following an accident which occurred at Bangladesh’s shipbreaking yard K.R Ship Yard, located on the sea coast of Sitakunda, NGO Shipbreaking Platform’s Executive Director, Patrizia Heidegger, confirmed to World Maritime News. The 30-year-old Mohammed Raju died after
Kogas to up imports of Sakhalin-2 LNG volumes
South Korea’s Kogas, the world’s second-largest buyer of LNG could be importing more liquefied natural gas from the Sakhalin-2 project after the third liquefaction train is commissioned.
Shell-bound DSV Kreuz Challenger named
Singapore-based Kreuz Subsea has named its second newbuild diving support vessel (DSV), the Kreuz Challenger, presently under construction by the Norwegian shipbuilder Vard. The Kreuz Challenger DSV is scheduled for delivery from Vard Søviknes in Norway in the second quarter of 2017. The DP-2 vessel
Mitsui, Gazprom ink LNG bunkering MoU
Mitsui & Co. of Japan and Gazprom have signed a memorandum of understanding for cooperation in LNG bunkering.
JBIC readies $400 mln loan for Yamal LNG
Japan Bank for International Cooperation is about to loan US$400 million to the Novatek-operated Yamal LNG project, according to Tadashi Maeda, JBIC’s CEO.
CKYHE Members Shun Hanjin Shipping
After the South Korean shipping giant Hanjin Shipping, a member of the CKYHE Alliance, decided to file for court receivership, the remaining four members of the alliance have decided to cut all ties with the company. Namely, Shanghai-based shipping company Cosco Container Lines, Japan’s Kawasaki Kis
Drewry: Spot Container Rates Surge after Hanjin Collapse
Spot container freight rates on the major routes from Asia soared by up to 42% on September 1 following the collapse of South Korean container carrier Hanjin Shipping, according to data provided by Drewry’s World Container Index. Rate assessment increased by 42% to USD 1,674 per 40ft container on th
Maersk Diverts Vessels from Tanjung Pelepas Due to Oil Spill
Due to an oil spill which occurred on August 24 at Malaysia’s ATT Tanjung Bin Terminal (ATB), the Danish shipping company Maersk Line is temporarily diverting its vessels from the Port of Tanjung Pelepas container terminal (PTP) to other ports in the area. Namely, the container carrier said that the
Strategic Marine progresses construction of LNG-powered catamarans
Strategic Marine recently informed that the construction of two 70 -meter LNG-powered aluminium vehicle and passenger catamarans for Rederij Doeksen is progressing on schedule at the group’s yard in Vietnam.
Chevron Starts Bangka Gas Flows
Chevron Indonesia said it has achieved natural gas production from the Bangka field development project, the first stage of the Chevron-operated Indonesia deepwater development (IDD) project in East Kalimantan. “First gas for the Bangka Project is a significant milestone and highlights Chevron’s com
BIMCO: Dry Bulk Freight Rates Still Low Despite Demand Growth
The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand growth from China, while the devastating freight rate levels over the same period remained strong, according to BIMCO. BIMCO’s data on seaborne iron ore imports into China, shows a grow
E.R. Schiffahrt to Manage Two NYK Ships
Hamburg-based ship management company E.R. Schiffahrt is set to manage two 210,000 dwt Newcastlemax bulk carriers for Japanese shipping company Nippon Yusen Kaisha (NYK). The management contracts were signed at a ceremony in the German Embassy in Tokyo on 1 September 2016 and include crewing and tec