South & Central Asia
MAN D&T engines ordered for LNG-powered bulk carrier
MAN Diesel & Turbo said it has received an order to supply its ME-GI dual fuel low-speed diesel engine for a 50,000 dwt bulk carrier South Korean shipowner Ilshin ordered at Hyundai Mipo Dockyard.
Robbers Strike Again in Indonesian Anchorage
A number of robbers boarded an anchored Indian-registered bulk carrier, Vishva Nidhi, unnoticed and escaped with ship’s properties on July 10, according to data from the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). At the time of the incident, the 57,144 dwt bulker was anchored
Moody’s assigns A3 foreign currency issuer rating to Petronas LNG
Moody’s Investors Service said it has assigned an A3 foreign currency issuer rating to Petronas LNG Ltd (PLL), a trading company owned by Malaysian energy giant Petronas. Moody’s has also affirmed Petronas LNG’s A3 local currency issuer rating, the rating agency said on Wednesday. “PLL’s A3 foreign
Report: KDB to Finalize SHI’s Self-Rescue Plan This Week
South Korean shipbuilder Samsung Heavy Industries (SHI) could see its self-rescue plan finalized as the company’s creditor state-run Korea Development Bank (KDB) is set to wrap up SHI’s plan during the week, Yonhap News Agency cited industry sources. Under the KRW 1.5 trillion (USD 1.3 billion) plan
Tribunal overwhelmingly rejects Beijing’s South China Sea claims
By Anthony Deutsch and Ben Blanchard AMSTERDAM/BEIJING (Reuters) – An arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea and has breached the Philippines’ sovereign rights with its actions, infuriating Beijing which dismissed the case as a farc
Ezra Parts with Close to 61 Pct Stake in Triyards
Ezra Holdings, has relinquished close to 61 percent of its controlling interest in Singapore-based shipbuilder Triyards in a share-based payment arrangement with two banks. According to the agreement, DBS Bank and Oversea-Chinese Banking Corporation (OCBC) have both obtained 30.455 percent stake in
Infographic: Asian Maritime Crimes Drop by 64 Pct
Piracy and armed robbery against ships in Asia saw a decrease of 64 percent in the first half of this year, according to Asian piracy watchdog ReCAAP ISC. Namely, during the period, a total of 41 incidents occurred, two of which were piracy incidents and 39 were armed robberies. Compared to 114 inci
Hanjin Shipping to Sell Vietnamese Terminal Stake
South Korea’s cash-strapped shipping firm Hanjin Shipping decided to sell its stake in the Vietnamese Tan Cang Cai Mep International Terminal (TCIT) as it struggles to raise more money, the company said in a stock exchange filing. On Tuesday, the shipping firm said that it is selling its stake of ov
UECC launches second LNG-powered PCTC
United European Car Carriers (UECC) recently launched its second LNG-powered pure car and truck carrier, the TBN Auto Energy at the NACKS shipyard in Nantong, China.
UECC Launches Second Dual-Fuel LNG Car Carrier
European short-sea operator United European Car Carriers (UECC) launched the second of its two new pure car/truck carriers, TBN Auto Energy, at the Nantong Cosco KHI Ship Engineering (NACKS) shipyard in Nantong, China, on June 30. The new PCTC is a dual-fuel liquefied natural gas (LNG) vessel, featu
Drewry: Cargo Shift to US East Coast in Steady Evolution
Poor container shipping freight levels and the countdown to the reformation of alliances in March of 2017 have pre-empted any mass invasion of new capacity in the Asia-East Coast North America (ECNA) trade, thus further drift of cargo from a West Coast routing to an East Coast carriage will be gradu
AU: Kangaroo Island explores tidal, wave energy options
University of Technology Sydney (UTS) Institute for Sustainable Futures, in partnership with Kangaroo Island Council, is undertaking a study on whether Kangaroo Island in South Australia can switch to 100% renewable energy.