South & Central Asia
Mermaid Recharters DSV for Indonesia Ops
Mermaid Maritime’s Indonesian business unit, Seascape, has entered into a one-year charter-in contract with Nusa Perkasa Permai for a DP2 dive support vessel, the DSV Mermaid Nusantara. Formerly known as ‘Windermere’, the vessel comes with a 15 man built-in saturation diving system and air diving sy
Kwai Tsing Container Terminals Area Requires More Dredging
With immediate effect and for a period of approximately 1 month, dredging operations will be carried out within the Kwai Tsing Container Terminals 6 and 7 area. According to the Hong Kong Marine Department (MARDEP), the works will be carried out by a grab dredger. Two tugboats, four hopper barges an
Belle Rose Hits Coral Reef off the Philippines
M/V Belle Rose, a Panama-registered bulk carrier, ran aground four nautical miles southeast off Malapascua Island in Daanbantayan, Cebu, the Philippines on June 13, the Philippine Coast Guard (PCG) said. The 2010-built vessel was carrying 48,000 tons of cement powder. The coast guard said the ship d
SHI Could Join the Construction of India’s FSRU LNG Terminal
One of the “Big Three” shipbuilders of South Korea, Samsung Heavy Industries (SHI), will reportedly be invited to take part in the construction of India’s first Floating Storage Regasification Unit (FSRU) LNG terminal. According to oil and gas company Fox Petroleum Limited, which will manage the fac
Hanjin Shipping Struggles to Cut Charter Rates
Financially-troubled South Korean shipping major Hanjin Shipping failed to receive any positive response in its first round of talks with 22 shipowners in an effort to cut charter rates, according to Yonhap news agency. One of the company’s creditors reportedly said that Hanjin Shipping is expected
Oil futures fall as global growth, Brexit concerns weigh
By Aaron Sheldrick and Henning Gloystein TOKYO (Reuters) – Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain’s possible European Union exit. Brent
Tokyo Gas posts higher sales in May
Total gas sales by Japan’s Tokyo Gas reached 1.121.358 million cubic meters in May, 6 percent up on the volumes during the corresponding period last year. Volume in the residential sector reached 263.984 million cubic meters, only 0.2 percent up compared to the volumes recorded in May 2015, while in
South Korea to Consider Merging HMM and Hanjin Shipping
South Korean shipping company Hyundai Merchant Marine (HMM) and its compatriot Hanjin Shipping could be merged if they succeed in normalizing their management, The Korea Times cited Financial Services Commission (FSC) Chairman Yim Jong-yong. The South Korea’s government said that if the companies ma
Shell completes Malikai platform fabrication
Shell and Technip-MMHE Joint Venture (TMJV) have concluded the onshore fabrication and commissioning of the Malikai deep-water platform. According to Shell, this milestone marks the sail away of Malaysia’s first Tension Leg Platform (TLP) to the site 100km offshore Sabah. The TLP will be making a 1,
Pacific Radiance calls off two Chinese PSV orders. Seeks refund
Singapore’s offshore vessel supplier Pacific Radiance has rescinded two platform supply vessel construction contracts with two Chinese shipyards. The company is also seeking money back for the pre-delivery installments paid. Pacific Radiance on Monday said its subsidiary Pacific Crest, had on June 1
Setting Up New Commission for Dredging Management
Central Dredging Association (CEDA) is setting up a new Commission for Dredging Management and has already issued an invitation to members interested in joining it. The Dredging Management Commission (DMC) is being established to fulfill a need for discussion, innovation and questions on the managem
India: implementation of LNG barges on Ganga moves closer
India’s ministry of shipping on Monday informed reviewed the follow up action on a memorandum of understanding between Inland Waterways Authority of India and Petronet LNG signed in April for providing alternative fuel on national waterways.