South & Central Asia
MSC to Add New Cheetah Service
Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to launch a new weekly container service connecting East Africa, Middle East, Pakistan and India, the Cheetah Service, starting from September this year. The company said it will deploy five 2,200 TEU vessels on the route. The new
Klaveness, EGD Partner Up on Two Newbuildings
Norwegian company Klaveness Shipholding and its compatriot EGD Shipholding have reached an agreement to partner in two combination Panamax bulk carriers currently under construction in China. EGD Shipholding AS and a subsidiary of Klaveness Shipholding AS will own 50% each in the two 80,500 dwt vess
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.
Report: Hanjin Shipping Submits New Self-Rescue Plan
South Korean container carrier Hanjin Shipping has submitted a new self-rescue plan which would see the company shed more assets, the Korea Herald said citing industry sources. The company’s initial plan was to raise some KRW 400 billion (USD 359 million) through the sale of shares, however, the shi
South East Asia to get a marine energy centre
Researchers at Robert Gordon University (RGU) have won GBP 165,760 in funding from the UK Foreign and Commonwealth Office’s Prosperity Fund to support the establishment of a South East Asia Marine Energy Centre (SEAMEC) in Indonesia.
Pacific Basin Orders BWMS Retrofitting for 20 Ships
Hong Kong-based bulk shipping company Pacific Basin Shipping Limited has established a Ballast Water Management System (BWMS) retrofitting order for 20 existing vessels with Headway Technology. Headway’s OceanGuard BWMS, developed together with Harbin Engineering University, would be used in the pro
Sembcorp Marine completes LMG Marin acquisition
Sembcorp Marine on Friday said it’s unit Sembcorp Marine Integrated Yard (SMIY) completed the acquisition of 100 percent equity stake in LMG Marin of Norway.
Indonesian Navy Arrests Rogue Vier Harmoni
The Indonesian Navy’s Western Fleet Quick Response Team (WFQR) of Tanjung Pinang Naval Base has found and arrested the product tanker Vier Harmoni off West Kalimantan, Indonesia. The Vier Harmoni, carrying 900,000 liters of diesel worth around USD 390,000, was reported missing on August 16, 2016, wh
Barakah Nets Petronas Deal
Barakah Offshore Petroleum’s wholly-owned subsidiary, PBJV, has received a letter of award from Malaysian oil company, Petronas, for the provision of underwater services for oil and gas fields offshore East Malaysia. According to Barakah’s Bursa Malaysia filing, the contract, which is on call-out ba
Barakah Offshore scores subsea work with Petronas
Malaysia’s Barakah Offshore has secured a contract to provide subsea services at Petronas Carigali’s subsea fields in east Malaysia. The contract calls for the provision of a main and support vessel, air and saturation diving, remotely operated vehicle (ROV) and other related subsea services. These
China’s LNG imports down in July
Liquefied natural gas imports into China, the world’s largest energy consumer, dropped 17 percent in July as compared to the same month a year ago, according to the General Administration of Customs data. China imported 1.60 million mt of the chilled fuel in July, as compared to 1.92 million mt a ye
Containerships may get EU funding for LNG-powered ships
Finnish shipping company Containerships said its four planned short sea LNG-powered vessels have been recommended for European funding. The outcome of the co-funding from the European Union will be confirmed during autumn this year, Containerships said in its second-quarter report issued last week.