South & Central Asia
China’s May LNG imports climb YoY
Liquefied natural gas imports into China, the world’s largest energy consumer, rose 27.3 percent in May as compared to the same month a year ago, according to the General Administration of Customs data. China imported 1.43 million mt of the chilled fuel in May, as compared to 1.12 million mt a year
Gener8 Maritime Adds 11th ECO VLCC
Crude oil shipping company Gener8 Maritime has taken delivery of another ECO VLCC, the Gener8 Constantine, from South Korean shipbuilder Hyundai Samho Heavy Industries on June 27. The Gener8 Constantine is the eleventh of 21 ECO VLCCs to be delivered to the company. Upon delivery, the 299,019 dwt Ge
APLNG ships first cargo to Kansai Electric
ConocoPhilips-operated Australia Pacific LNG project shipped its first liquefied natural gas cargo to Kansai Electric Power of Japan, from its Curtis Island facility.
ClassNK amends rules for construction of ships carrying liquefied gases
Japan’s classification society ClassNK amended its Rules and Guidance for the survey and construction of steel ships as a response to the latest industry developments.
China Shipbuilding Selling Shares to Raise USD 586 Mn
In an effort to reduce its debt, China Shipbuilding Industry Co. has revealed plans to raise some CNY 3.9 billion (USD 586.7 million) through the sale of 718 million of its shares, Bloomberg cited data from the company’s stock exchange filing. The shares would be sold at a price of CNY 5.43 each to
FOWIND Studies Supply Chain, Ports and Logistics in India
The Global Wind Energy Council (GWEC) today launched the “Supply Chain, Port Infrastructure and Logistics Study” report for offshore wind development in the states of Gujarat and Tamil Nadu in India. The study is a significant step forward in preparing a roadmap for offshore wind power in India by t
FOWIND Studies Supply Chain, Ports and Logistics in India
The Global Wind Energy Council (GWEC) today launched the “Supply Chain, Port Infrastructure and Logistics Study” report for offshore wind development in the states of Gujarat and Tamil Nadu in India. The study is a significant step forward in preparing a roadmap for offshore wind power in India by t
Carriers’ Service Reliability at Six-Month High in May
Ocean carriers achieved a six-month high for liner service reliability in May, according to data provided by Drewry’s Carrier Performance Insight. The most reliable carrier in May was Hong Kong-based Orient Overseas Container Line (OOCL), which had an on-time average of 81.1%, very closely followed
COSCO Shipping Reshuffles Newbuilding Orders
China’s COSCO Shipping Company Limited (COSCOL) has decided to upgrade three from a total of seven heavy lift vessels currently under construction at Shanghai Shipyard. Under the letters of intent signed between the parties, the shipping firm said it would increase the capacity of two existing newbu
Interview with Polarcus CEO: What’s ahead for marine seismic?
Rod Starr (photo) was named the CEO of Polarcus, a marine geophysical company, in February 2015, at the time when the oil price was slightly over $50 a barrel, down from over a $100 in mid-2014, after having spent years at TGS-NOPEC (TGS), another Oslo-listed seismic company. We caught him on the ph
Terntank takes delivery of LNG-powered chemical tanker
Tanker owner Terntank said it has on Monday taken the delivery of the LNG-powered 15,000 DWT chemical tanker Ternsund from China’s Avic Dingheng Shipbuilding Co. The Danish-flagged Ternsund is the first vessel in a series of four 15,000 DWT chemical tankers the Chinese shipyard is building for Ternt
CMA CGM to Launch Total NOL Takeover
French container shipping major CMA CGM S.A. has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL) and now owns 91.28% of NOL’s share capital. Following its all-cash voluntary conditional general offer for NOL, which was launched on June 6, CMA CGM now owns