South & Central Asia
Cosco’s Post Panamax Duo Joins Baumarine Pool
China’s shipping giant Cosco has sent two of its bulk carriers into the Baumarine pool, run by Norwegian shipping company Klaveness. Although the shipping firm did not disclose the names of the two ships, it did say that the vessels in question are Post Panamaxes. Klaveness said that it looks forwar
HKND Group Signs Agreement with FUNDAR
HKND Group has entered into an agreement with Friends of the San Juan River Foundation (FUNDAR), a Nicaraguan environmental NGO, for the development of the first Biodiversity Management Plans for the Nicaragua Grand Canal Project. HKND will, in strict accordance with the recommendations made in the
Vinashin’s Former Execs Face Criminal Charges
Vietnam’s Ministry of Public Security has proposed criminal charges against three former executives of Vinashin Ocean Shipping, and another person, for pocketing an amount of some USD 16 million during the period from 2006 to 2008, local media reported. The former CEO of Vinashin Ocean Shipping, Tra
Navig8 Chemical Adds New Tanker
Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd. Featuring 25,000 dwt, the Navig8 Sirius is the first of six vessels contracted at Kitanihon to be deliv
Qatar National Bank: LNG market to be oversupplied until 2020
The liquefied natural gas (LNG) market is expected to be oversupplied over the next few years due to the start-up of new projects in Australia, the U.S. and Russia, according to a report by the Qatar National Bank. High oil prices in the past, to which LNG contracts are linked, have encouraged the s
Drewry: HMM Joining 2M Suggests Hidden Agenda
Financially troubled Hyundai Merchant Marine (HMM) is in talks with 2M carriers Maersk Line and MSC to join their alliance. However, these three carriers are not obvious partners, in terms of culture, size or trade mix, which hints at a hidden story, according to shipping consultancy Drewry. Last we
Aban Offshore lands drillship deal with ONGC (India)
India-based drilling contractor Aban Offshore has received a letter of award from India’s Oil and Natural Gas Corporation (ONGC) for one of its drillships. Aban said on Friday that the company received the letter for the deployment of the drillship Aban Abraham for a firm period of two years. Accord
Nordic Hamburg, Containerships to Build Eight Ships in China
German-based Nordic Hamburg and the Finnish shipping firm Containerships have ordered up to eight short sea 1,400 TEU dual-fuel containerships at Chinese shipbuilder Huangpu Wenchong Shipyard. Under the agreement, CSSC (Hong Kong) Shipping, the shipowning arm of the shipbuilding group of the same na
Aban Offshore Wins ONGC Contract
Aban Offshore’s step down subsidiary has received a firm letter of award from Natural Gas Corporation (ONGC) for the deployment of the deepwater drillship Aban Abraham. The Aban Abraham, which was retrofited in 2009 by Sembawang Shipyard in Singapore to enable the unit to drill in water depths of up
Wartsila Engines for Two Trailing Suction Hopper Dredgers
Wartsila has won an order to supply engines for two new 8000 m³ trailing suction hopper dredgers. The vessels are being built for the Adani Group, India’s largest private multi-port operator. The Wartsila scope of supply comprises two 8-cylinder Wartsila 32 main engines for the first vessel, and two
Royal Caribbean Names Ovation of the Seas in Tianjin, China
Miami-based cruise company Royal Caribbean International christened its new Quantum class cruise ship Ovation of the Seas at the port city of Tianjin in northeast China on June 24. Accommodating 4,180 guests at double occupancy and 1,500 international crew members, Ovation of the Seas is the first w
SKE: Petronas secures feedgas for MLNG plant
SapuraKencana unit, SapuraKencana Energy Sarawak on Monday informed that Petronas and the SK310 PSC contractors upstream gas sales agreement signed the upstream gas sales agreement for gas production at B15 field.