South & Central Asia
Hyundai Mipo scores order to build LNG-powered bulk carrier
Hyundai Mipo Dockyard of South Korea has secured an order to build an LNG-powered bulk carrier for shipowner Ilshin Shipping. The 50,000-dwt bulk carrier, expected to be delivered in the fourth quarter of 2017, will transport limestone used by South Korean steel giant Posco from Gangwon province to
Petronet proposes 5 mtpa LNG import terminal in Bangladesh
India’s largest importer of liquefied natural gas, Petronet LNG is reportedly planning to build an import terminal at Kutubdia islands in Bangladesh.
Alphaliner: Asia – Europe Carriers to Use New FAK Rates
Carriers in the Asia – Europe trade are expected to implement new ‘Freight All Kinds’ (FAK) rate structures, as part of a commitment to address the European Commission’s concerns over General Rate Increase (GRI) announcements, according to Alphaliner. The latter had become a controversial feature of
World’s Bulk Terminals Get New Representative
A new trade association has been established to provide the world’s bulk terminals with a united front at governmental level in order to ensure the sector can better face the environmental and commercial challenges ahead. The Association of Bulk Terminal Operators (ABTO) seeks to provide a voice for
Shing Mun River Dredging Plan Introduced
With immediate effect and for a period of approximately 7 months, marine works involving dredging operations will be carried out on the Shing Mun River channel in Sha Tin. According to the Hong Kong Marine Department (MARDEP), these works will be carried out by a flotilla of vessels including one de
HMM Adds Final of Six New 10,000 TEU Boxships
South Korean shipping company Hyundai Merchant Marine has taken delivery of all six 10,000 TEU containerships with the addition of the final one, the Hyundai Pluto, on July 6. The new boxships started joining the company’s fleet in January 2016, when the first vessel of the type, the Hyundai Earth,
New LPG Carrier Joins Unique Shipping’s Fleet
Hong Kong-based Unique Shipping Group has christened its new 84,000 LPG carrier, Oriental Jubilee, in Ulsan, South Korea. The 225-meter Oriental Jubilee was built by Hyundai Heavy Industries (HHI). Prior to the delivery, the vessel made its maiden voyage to the Persian Gulf in mid-June. The next LPG
Drewry: Container Rates to Rise after Hitting Bottom
Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to shipping consultancy Drewry. Liner shipping has had a torrid time so far in 2016
HR Wallingford: Reducing the Costs of Port Operations
The global economic outlook is uncertain and this uncertainty is leading to depressed investment worldwide, particularly in energy and mining activity. The international ports and terminals sector forms an important part of the infrastructure supporting these activities, HR Wallingford said in its l
Unique Shipping christens LPG carrier
Hong Kong-based Unique Shipping Group’s new vessel Oriental Jubilee has recently been christened at the Hyundai Heavy Industries shipyard in Ulsan.
Wärtsilä Gensets for Chinese Container Ships
Finland’s ship engine maker Wärtsilä has been awarded the contract to supply newbuild Chinese container vessels with a total of 24 9-cylinder Wärtsilä 32 Auxpac generating sets. The engines will power six 21,000 TEU ships being built at the Shanghai Waigaoqiao Shipyard (SWS) for China Shipping Conta
KBAT, PDA Team Up on Diving Courses in Singapore
KBA Training Centre (KBAT) and the Professional Diving Academy (PDA), Dunoon, Scotland have signed a MOU to train commercial divers in Singapore to the UK HSE offshore diving standard. Delegates who have successfully completed the nine-week inland/inshore commercial diving training with KBAT can the