South & Central Asia
ClassNK updates guidelines for gas-fuelled ships
ClassNK, Japan’s classification society on Tuesday said it has released the updated Guidelines for gas-fuelled ships.
POSH Finds Work for Eight OSVs in Middle East
Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has signed long term charter agreements for eight offshore supply vessels (OSVs) at a combined value of USD 167.5 million with an undisclosed Saudi Arabian national oil and gas major. Under the charter deals, the company w
No Bidders in Sainty Marine’s Second Auction
The second asset auction of Shenzhen-listed shipbuilder Jiangsu Sainty Marine has failed as the sale of the company’s assets did not attract any buyers. The 24-hour auction period, which started yesterday morning, was held on China’s online auction website Taobao. The starting bid price was set at C
Netherlands, Indonesia Forge Maritime Ties
The Netherlands and Indonesia have signed a maritime collaboration agreement in an effort to strengthen ties in the field of port development, shipbuilding, and fishery logistics. The agreement between the two countries was signed by the Dutch Minister of Infrastructure and the Environment, Melanie
The Netherlands, Indonesia Ink Maritime Collaborative Agreement
The Netherlands and Indonesia will intensify their maritime collaboration in the field of port development and shipbuilding, according to the Government of the Netherlands’ official website. In regard to this, Melanie Schultz van Haegen, Dutch Minister of Infrastructure and the Environment, signed a
Deep Sea Supply enters new PSV deals
Offshore supply vessel operator Deep Sea Supply has been awarded new contracts for four of its platform supply vessels (PSVs). Deep Sea Supply has been awarded a contract for 2 years firm plus 3 yearly options with Statoil in the UK for the 2013-built PSV Sea Falcon for operations in the North Sea.
DW: Recovery in oil prices is coming
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report. The
Drewry: Orphaned Carriers Will Have to Find New Partners
The formation of the Ocean Alliance by CMA CGM, COSCO Container Lines, Evergreen Line and OOCL means that carriers who have been left out of the major alliances will have to act quickly to remain competitive on the market either through mergers or finding new partners. Shipping consultancy Drewry ex
EKTANK Orders Chemical Quartet at CSSC Chengxi
Swedish shipowner EKTANK AB has signed a construction contract with Chinese shipbuilder CSSC Chengxi Shipyard for four chemical tankers. The 18,600 tanker feature 154 meters in length and 23.7 meters in width, and are scheduled to start delivery in 2018, local media reports. The order is said to be
MHI in Financial Woes Due to AIDA Cruises Ships
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has booked additional extraordinary loss of JPY 50.8 billion (USD 457.1 million) in its cruise ship business for the fourth quarter of fiscal year 2015 due to the delay in delivery of German-based cruise line Aida Cruises’ two new cruise ships AIDAprim
New Ice Class Dredger Severnaya Dvina Heading to Europe
The recently-launched ice class trailing suction hopper dredger “Severnaya Dvina” has just passed through the Malacca Strait and is heading for Rotterdam where the final testing of the ship’s dredging equipment will be performed. The vessel was built by Damen for the Russian Port Agency FSUE “Rosmor
CNOOC starts production from Panyu 11-5
CNOOC has announced that the Panyu 11-5 oilfield in the South China Sea has started production. The Panyu 11-5 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 110 meters. In addition to fully utilizing the existing facilities of