South & Central Asia
Readers’ Picks of the Week (June 6 – 10, 2016)
Interview: Most Ship Owners Still Opt for Worst Yards As 2016 could be the busiest year on record in ship recycling, World Maritime News spoke to NGO Shipbreaking Platform’s Executive Director, Patrizia Heidegger, to find out more about the major issues behind South Asian beaching… Read More Report:
TEN Returns to Sungdong Shipbuilding for Oil Tanker Pair
Struggling South Korean yards exhibiting at this year’s Posidonia event in Greece seem to be on a roll over the past few days as they clinch the badly-needed new orders. One of those shipbuilders is certainly Sungdong Shipbuilding & Marine Engineering Co. (Sungdong), which has won its first order fo
Alphaliner: CMA CGM, PSA Singapore to Join Forces
French container shipping major CMA CGM and PSA Singapore Terminals are planning to establish a joint venture company to lease and operate four container berths in the port of Singapore, according to Alphaliner. The joint venture would be owned in proportions of 49% and 51%, respectively. With an es
CMA CGM Takes Majority Stake in NOL
French container shipping company CMA CGM S.A. has taken the controlling stake of approximately 78.07 percent of all Neptune Orient Lines’ (NOL) shares from the company’s majority shareholders, led by Singapore’s investment fund Temasek. The company satisfied on 9 June the acceptance condition in it
HMM Inks Deal with Owners on Charter Rates
South Korean shipping company Hyundai Merchant Marine has struck a deal with containership owners on 20 percent charter rate cuts, the company said in a filing to Korea Exchange. An agreement has also been reached with owners of bulk carriers for a 25 percent charter rate reductions. The final deal
First South American cargo unloaded at CNOOC’s Zhejiang LNG terminal
China’s CNOOC informed its Zhejiang LNG terminal received its first ever cargo from South America on June 5.
Shizuoka Gas inks LNG sales deal with Shell
Shizuoka Gas on Friday informed it has signed an agreement with Shell to supply one cargo of liquefied natural gas from its recently completed reloading facility at the Sodeshi terminal.
MV Infinity I Develops Crack, Starts Listing off Goa
The 1993-built asphalt/bitumen tanker MV Infinity I started taking on water and continuously listing to the starboard side on June 8 due to a crack in the ship’s hull. Crewed by fourteen Indian seafarers, including the Master, the tanker’s list was increasing despite the crew’s de-watering efforts.
DSME Clinches Order for Four Ships from Angelicoussis Shipping
Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), have placed an order for four new ships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). Based on the terms of the contract sig
Services agreement for Pakistan’s second LNG terminal approved
Pakistan LNG Terminals’ board of directors has given approval for signing the deal with Pakistan GasPort, the lowest bidder for setting up the country’s second LNG terminal.
Pirates Free Kidnapped Tugboat Crew
Four Malaysian crew members, who were taken hostage from their tug Massive 6 in April, have been released on Jolo, Philippines, Reuters cited a Philippine army spokesman as saying. The crew members were kidnapped on April 1 while their tug was underway some 17 nautical miles East of Pulau Sipadan, S
Navigability Survey in Bangladesh Nears Completion
A navigability survey on the country’s 53 river routes will be completed by the end of this month, according to Bangladeshi Shipping Minister Shahjahan Khan. With financial support from the World Bank, Bangladesh Inland Water Transport Authority (BIWTA) is conducting the survey under the project Inl