South & Central Asia
APL to Enhance Its Asia-Europe Trade with FEX
Singapore-based container shipping company APL is planning to launch Felixstowe Express Service (FEX), a new weekly service that would connect ports in China and Europe with the UK’s Felixstowe container port. With this move, APL is expanding its Asia-Europe service network as it begins calling at F
SapuraKencana scoops TANAP deal
SapuraKencana, a Malaysian oil and gas services provider, has won a contract worth RM 510 million ($125.8 million) from TANAP Doğalgaz İletim for the Trans-Anatolian Natural Gas Pipeline (TANAP) in the Marmara Sea. The company said on Wednesday that the contract was won via its wholly-owned subsidia
Saipem wins Tangguh LNG expansion contracts
Italian oil and gas contractor, Saipem was awarded two contracts for onshore and offshore work in Indonesia on the Tangguh LNG expansion project in Indonesia.
Connect LNG selects Indonesian and Australian representatives
Connect LNG headquartered in Oslo on Thursday said it has selected two representatives in Jakarta and Melbourne to cover the market in the two regions.
Prosecutors Indict DSME’s Ko Jae-ho for Fraud
The former Chief Executive Officer of Daewoo Shipbuilding & Marine Engineering (DSME), Ko Jae-ho, has been formally accused of taking part in an accounting fraud worth KRW 5.4 trillion (USD 4.6 billion), according to Yonhap News Agency. South Korea’s prosecutors are charging Ko Jae-ho with fraud, br
Oil Spills from VLOC Berge Bureya in Strait of Malacca
The Very Large Ore Carrier (VLOC) Berge Bureya took part in an oil spill incident off Malaysia in the Malacca Strait earlier yesterday morning, the vessel’s operator, Singapore-based shipping company Berge Bulk, told World Maritime News. While anchored, the crew identified a quantity of oil leaking
Oil falls close to three-month low as oversupply weighs
By Karolin Schaps LONDON (Reuters) – Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices. Global benchmark Brent crude <LCOc1> was on track for t
Salvors Switch MV Benita’s Towline Connection
As the bulk carrier MV Benita settled deeper into the water while being towed to the Indian coast, the salvors needed to switch the towline connection as towing by the stern “was no longer possible,” the Greek company Five Ocean Salvage said. Namely, the 44,183 dwt vessel will now be towed from the
ClassNK Sets Minimum Requirements for ULCVs
Brittle crack arrest steel plates with a thickness of 100mm used in ultra-large container vessels (ULCVs) must have a minimum required brittle crack arrest toughness value (Kca) of 8,000 N/mm3/2 or more at -10°C, according to data issued by Japanese classification society ClassNK. In order to clarif
DP World, TIPC Sign Kaohsiung Port Agreement
DP World and Taiwan International Ports Corporation (TIPC) have signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan. The agreement marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwan’s port infr
DP World, TIPC to Develop Terminal at Taiwan’s Port
Dubai-based port and terminal operator DP World Limited and the state run Taiwan International Ports Corporation (TIPC) signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan. The agreement marks the beginning of a joint effort to seek future business
Hyundai Heavy Stays in Black
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has continued its earnings streak in the second quarter of 2016 following its return to the black in the previous quarter. Namely, according to a stock exchange filing, the shipbuilder’s net income for the period increased to KRW 392.3 b