South & Central Asia
More Dredging Work at Causeway Bay Typhoon Shelter
With immediate effect and for a period of approximately 10 months, marine works involving dredging operations, removal of breakwater and piling works will be carried out inside Causeway Bay Typhoon Shelter. The works will be carried out by a flotilla of vessels including one grab dredger, two hopper
Damar Laut Basin Dredging Work Underway
The Maritime and Port Authority of Singapore (MPA) has just released an update on the Damar Laut Basin dredging project. According to the MPA notice, the dredging work is being carried out by grab dredgers Tarvos, Greip and Bestla. The dredged materials will be transported to the designated dumping
Update: JBIC splashes out on Tangguh’s third train
The Japan Bank for International Cooperation is reportedly providing around 120 billion Yen (US$1.16 billion) in financing for the expansion of the Tangguh LNG facility in Indonesia.
Drewry: No Respite for Multipurpose Fleet Until 2018
The demand outlook for the multipurpose vessel (MPV) fleet has not improved since the first quarter of 2016 and is set to remain unchanged until the end of 2017 due to persisting weakness in breakbulk and project cargo sectors, according to the latest Multipurpose Shipping Market Review and Forecast
APM Terminals Proves Ready for VGM Container Rules
The Netherlands-based APM Terminals has reported a smooth incorporation of the new Safety of Life at Sea Convention (SOLAS) Verified Gross Mass (VGM) regulations for containers into its daily operations across over 70 locations during the first three days since the rules came into force. Back in 201
Fincantieri, CSSC Tap Into China’s Growing Cruise Industry
Italian shipbuilder Fincantieri and China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) have signed an agreement for the constitution of a joint venture aimed at developing and supporting the growth of the Chinese cruise industry. Under the agreement, the joint venture will
HMM to Increase Middle East-Asia Coverage
As Hyundai Merchant Marine aims to take advantage of a surge in shipping demand following the lifting of sanction on Iran, the South Korean shipping giant revealed plans to expand its routes which link the Middle East and the Asia regions, according to Yonhap News Agency. The company reportedly said
Gibson: Tanker Fleet Grows by 203 Units in a Year
After a period of very limited tanker fleet growth across all but the MR sector, the tanker fleet has surged over the past twelve months by another 203 units amounting to 21.9 million dwt, according to Gibson Shipbrokers. The strength of the tanker market during the low oil price regime meant that o
Thousands Sign Petition to Free Seaman Guard Ohio Crew
The Mission to Seafarers and families of the British guards of the anti-piracy vessel the MV Seaman Guard Ohio, who have been detained and imprisoned in India, have called for a parliamentary lobby and supporter rally to hand in a petition at Downing Street on the July 7. This marks the day when the
CSCL Rebrands, Switches Focus from Boxships to Finance
Following the approval for a major asset restructuring received in February 2016, China Shipping Container Lines (CSCL) now said that it is expected to switch from a container liner operator into an integrated financial services platform with leasing businesses. The company’s new segments would cove
Drewry: Carriers Cut Asia-WCNA Services ahead of Q3 Peak Season
Depressed rates and slowing demand during much of the second quarter have now forced the carriers to withdraw services in their Asia-West Coast North America loops – action which is quite unprecedented just ahead of the third quarter peak season, according to shipping consultancy Drewry. Cosco termi
Ezra, EMAS Strike FPSO Sale Deal
Ezra Holdings and EMAS Offshore Production Service (EOPS), a fully owned subsidiary of EMAS, and Ezra, have today entered into a agreement with PetroFirst Infrastructure for the sale of a combined equity share of 80 per cent in PV Keez. PV Keez is incorporated in Singapore and owns FPSO “Lewek EMAS”