South & Central Asia
NADL delays West Rigel rig again. Exploring ‘JV’ with Jurong
Offshore drilling contractor North Atlantic Drilling could set up a joint venture company with a Singapore shipyard. Namely, the Seadrill subsidiary on Tuesday said it would extend its standstill agreement for the delivery of the West Rigel semi-submersible drilling rig from Jurong Shipyard in Singa
Industry Stakeholders Upbeat on Breakbulk Shipping’s Prospects
Shipping industry’s stakeholders predict that heavy lift breakbulk cargo movement ex Japan into Asia will grow over the next 18 months. Helping the mood of optimism about Japan’s project cargo exports voiced at AAL Japan’s one-year anniversary celebrations in Tokyo was news that local engineering co
BW Group’s CFO resigns
Singapore-based BW Group on Tuesday said the group CFO Nicholas Gleeson has resigned from his position, effective June 3, 2016.
Inpex begins drilling off Japan
LNG terminal developer, Inpex informed it commenced drilling operations during the weekend on an exploratory well offshore Shimane and Yamaguchi prefectures in Japan. The drilling operations are part of a project commissioned by Japan’s Agency of Natural Resources and Energy of the Ministry of Econo
Gibson: Tanker Owners Told to Invest Wisely in New Tonnage ahead of Price Cuts
Prompted by difficulties in accessing new finance, shipyards are likely to reduce further the newbuilding prices in the tanker sector in the face of stiff competition between yards for new orders. The move is seen as the probable course of action aimed at inciting new investments especially on the b
Interview: Most Ship Owners Still Opt for Worst Yards
In light of the overcapacity issue currently causing the majority of woes in the shipping industry, this year could be the busiest year on record in ship recycling, as the total amount of scrapped tonnage in 2016 is likely to increase to some 40 million dwt, compared to 30 million dwt which were dem
Maersk Accused of Setting Prices at Indian JN Port
The Danish conglomerate AP Moller Maersk Group, operating in global trade, shipping and energy, is allegedly taking advantage of its position at the Indian Jawaharlal Nehru Port to set prices by limiting competition in the container freight station (CFS) market, The Hindu Business Line cited a compl
Sarens performs heavy lift, load-out ops for two LNG projects
Belgian heavy lift specialist, Sarens, informed it has recently completed lifting and load-out operations for two liquefied natural gas projects.
CMA CGM Moves Ahead with NOL Offer
French container shipping major CMA CGM S.A. today launched an all-cash voluntary conditional general offer for all outstanding shares of Neptune Orient Lines Limited (NOL), NOL said in an update. As disclosed, CMA CGM currently owns 10.5% of all NOL shares, and intends to delist and privatise NOL t
10 Pct of Ships in Shanghai Fail to Meet ECA Requirements
Ten ships out of over 100 checked have been found to be in breach of new regulations on ship pollution introduced in Shanghai as of April 1st, the Shanghai Daily reports citing the Shanghai Maritime Safety Administration officials. At the end of last year, China said that eleven key ports will be al
ICS: EU’s CO2 Regulations Must Line Up with International Rules
The member national shipowners’ associations of the International Chamber of Shipping (ICS) have agreed to commence a co-ordinated campaign in an effort to persuade the European Union (EU) of the vital necessity of aligning its unilateral regulation on the monitoring of shipping’s CO2 emissions with
Ming Yang Shareholders Say Yes to Going Private
Shareholders of China Ming Yang Wind Power Group Limited voted in favour of the proposal to authorize and approve the previously announced agreement and plan of a merger which if completed would resulted in the privatisation of the company. The merger by and among Ming Yang, Zhongshan Ruisheng Antai