South & Central Asia
Indonesia Submarine Networks Summit to Launch Next Week
The first Indonesia Submarine Networks Summit will be held on August 25, at Raffles Hotel in Jakarta. The Indonesian Submarine Networks Summit is one of the sub-forums of the third Indonesia ICT Carnival. The Summit will focus on the importance of fiber optic submarine cable networks in ICT infrastr
Japanese Yards Score Only Eight Orders in July
Japan-based shipbuilders have received only eight exporting orders during July 2016, representing a significant drop from 25 orders seen in the same month a year earlier, according to data released by Japan Ship Exporters’ Association (JSEA). The eight orders feature a total of 303,299 gross tons an
Bids Invited for Maldives’ iHavan Integrated Project
Republic of Maldives’ Ministry of Economic Development is seeking consultancy services to develop a detailed master plan for iHavan Integrated Project, located on Ihavandhippolhu atoll in Northern Maldives. The iHavan integrated project will include the development of harbors and ports, the cargo st
European Yards Rack Up Cruise Ship Orders
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, according to Clarksons’ Shipping Intelligence Network. Cruise lines have continued to expand their fleets, with new markets such as China in their sights.
Three More Orders Cancelled at Yangzijiang Shipbuilding
Singapore-listed shipbuilder Yangzijiang Shipbuilding has been served with three more terminations for shipbuilding orders during the second quarter of 2016, the company said in a stock exchange filing. The orders that were cancelled were for one 10,000 TEU containership, and two bulk carriers with
CEO: PTT’s LNG imports to reach 5 million tons in 2017
PTT of Thailand is set to import 5 million tons of liquefied natural gas in 2017, according to the company’s CEO Tevin Vongvanich.
Precious Shipping Sells Another Ship for Scrap
Bangkok-headquartered dry cargo ship owner Precious Shipping has disposed of another Handysize bulk carrier, MV Parinda Naree, in an effort to modernize its fleet. The 1995-built Parinda Naree was sold for USD 1.29 million. On August 2, 2016, Precious Shipping signed a Memorandum of Agreement (MOA)
DBL Group Launches DBL Dredging Limited
DBL Group, a Dhaka based diversified business conglomerate, has just launched its dredging business concern named ‘DBL Dredging Limited’. “It is going to be a full service company for valuable contribution towards the dredging and excavating needs of Bangladesh,” the company stated in the announceme
Norton Rose Fulbright advises Japan’s JX Nippon on Malaysian LNG deal
Law firm Norton Rose Fulbright on Friday said it has advised Japan’s JX Nippon Oil & Energy on its acquisition of a 10% stake in Petronas’ unit that owns a liquefaction train within the Bintulu LNG complex in Sarawak. Petronas LNG 9 Sdn Bhd (PL9SB) owns the ninth LNG liquefaction train within the Pe
Aulong Shipbuilding Wins Its First Ferry Order
Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China, has won the first ferry contract to build a 42 metre high speed aluminium ferry for Chinese mainland operator Blue Sea Jet. Less than two months after the announcement of the j
MSI: Dry Bulk Market Could Recover in 4th Quarter
The dry bulk markets are expected to see a fourth quarter bounce in chartering activity for both the Capesize and Panamax sectors,driven by improving iron ore, coal and grain trades, but the effects may be limited, according to Maritime Strategies International (MSI). MSI said that it sees positive
Boskalis 2016 First Half Results: ‘Drastic Measures’ Announced
Royal Boskalis Westminster N.V. realized a net profit of EUR 147.5 million in the first half of 2016 (H1 2015: EUR 306.5 million). Revenue in the first half of the year fell 25% compared to the first half of last year to EUR 1.17 billion (H1 2015: EUR 1.57 billion). Whereas the first half of 2015 wa