South & Central Asia
Stream Tankers Returns to Japan for Two Chemical Tankers
Norwegian company Stream Tankers has placed an order for two 19,900 dwt chemical tankers at the Japanese shipbuilder Fukuoka Shipbuilding on July 5, according to data provided by VesselsValue. The vessels are scheduled for delivery in 2018 and 2019, respectively. Under the contract, the company has
Japan’s NYK continues to develop LNG as fuel for ships
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) said it is continuing promotion and development of LNG as fuel for ships to reduce environmental footprint. NYK said in a statement on Monday it has been “conducting technical research and development on the use of LNG to fuel ships in orde
Three Indonesian Crew Kidnapped in Malaysian Waters
Three Indonesian crew members were kidnapped from their tugboat by armed pirates off the coast of Sabah, Malaysia, according to Reuters. The seafarers were taken in the evening hours of July 9 while their vessel was in the waters off the east coast of Sabah. At the time of the incident, the tugboat
Drewry: Capacity Cut Leads to Surge in Asia-ECSA Rates
Downsizing of capacity on the Asia-East Coast South America trade has paid dividends to carriers with much improved freight rates, which would tempt container carriers to replicate the plan elsewhere as they will have most success in trades that are most closely coordinated, according to shipping co
Japan’s spot LNG price posts first rise in 2016
The price of spot liquefied natural gas imported into Japan has shown the first glimpse of recovery in June following record lows in the previous two months.
New Orient Marine orders three ROVs from Forum Energy
Forum Energy Technologies has received an order from New Orient Marine for three remotely operated vehicles (ROVs) for multi-purpose ice-class vessel currently under construction in Singapore. Forum said on Monday that the order includes two Perry XLX 200 bhp, 4,000 meter Work Class ROV systems and
MSI: Brexit to Hit Container Shipping Recovery Prospects
The UK Brexit vote will have far-reaching effects on the container shipping market, despite the country’s relatively minor role in global trades, according to Maritime Strategies International (MSI). An analysis of the impact of the UK Brexit vote on the container shipping sector found that amid the
Petronas to take over Berantai field FPSO
SapuraKencana Petroleum and Petrofac Energy Developments have reached a mutual agreement with Petronas for the cessation of the Berantai Risk Service Contract (RSC), for the Berantai field, offshore Malaysia. The Berantai RSC was signed on 31 January 2011 with Petronas and was the first RSC awarded
DSME orders Bestobell valves for Teekay LNG newbuilds
Parker Bestobell Marine, a part of Parker, recently received an order from South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) to supply cryogenic valves for three Teekay LNG carriers.
Engie opens research centre in Singapore
French utility and LNG player Engie said Monday it has opened its first Asia-Pacific research centre in Singapore. Engie Lab Singapore, supported by the Singapore Economic Development Board (EDB), will act as a “regional hub for energy innovation and technology in Southeast Asia”, Engie said in its
Popular news, July 4 – 10, 2016
Popular news, July 4 – 10, 2016
Readers’ Picks of the Week (July 4 – 8, 2016)
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