South & Central Asia
Sembcorp Marine Resorts to Arbitration over Sete Contracts
Singaporean shipbuilder Sembcorp Marine Ltd has launched an arbitration proceedings against various subsidiaries of Brazilian oil rig contractor Sete Brasil which had filed for a judicial recovery on April 20th, 2016. Sembcorp Marine said that the move is aimed at preserving interests under the tota
Singapore: Marco Polo granted stay of legal action in rig dispute case
Marco Polo Marine, a Singapore-based marine logistic services provider, has won a grant of stay of legal proceeding initiated by the PPL Shipyard against the company. To remind, the PPL Shipyard, a Sembcorp Marine subsidiary, in December 2015 started a legal action against Marco Polo over a jack-up
Platts: spot LNG prices to Asia lowest since 2009
Prices of spot market LNG for May delivery to Asia averaged US$4.24 per MMBtu, according to latest Platts Japan/Korea Marker data for month-ahead delivery.
KPCL Adds New Maersk Salalah Service
Danish container shipping major Maersk Line has launched a direct, weekly service from India’s deep water Krishnapatnam Port to Salalah in Oman by inaugurating the maiden call of M/V Maersk Bentonville. Featuring a gross tonnage of 4,504 t, the 53,201 dwt boxship was built in 2006. The weekly servic
Readers’ Picks of the Week (April 18 – 22, 2016)
China’s Biggest LNG Carrier Hits the Water China’s biggest liquefied natural gas (LNG) carrier, which features a length of 290 meters, was launched at the Hudong-Zhonghua Shipbuilding, Shanghai, on April 15… Read More Update: The New Carrier Alliance Is Here Container shipping majors CMA CGM, COSCO
Top news of the week April 18-23, 2016
FERC clears Magnolia LNG construction Australia’s Liquefied Natural Gas Limited on Monday informed it’s unit, Magnolia LNG, received the permit from the U.S. FERC to site, construct, and operate its LNG terminal in the Lake Charles District, Louisiana. Cheniere ships US LNG to Europe Cheniere’s Sabi
Popular news, April 18 – 24, 2016
Read the most popular news of the week.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 18-24, 2016). Boskalis’ Shoalway Busy in Aberdeen Aberdeen Harbor Board’s annual maintenance dredging campaign started last week. Boskalis Expands Dredging Fleet with Magnor The largest and most efficient
Ships Urged to Avoid Philippine Waters amid Piracy Surge
Indonesia has issued a warning to all vessels to stay clear of transiting areas around the southern Philippines as the number of hijackings along the shipping route between the Philippines and Indonesia increases, according to Reuters. The warning follows a recent surge in pirate attacks on the rout
Mulloor-Vizhinjam Breakwater Scheme Kicks Off
The construction works on a new breakwater, part of the Vizhinjam Seaport project, have started at the Mulloor port site, the Deccan Chronicle reports. Grand Four Group (GFG), a Thiruvananthapuram-based construction company, will supply the raw material for the breakwater. This coastal protection sc
Modest Volume Rise Fails to Counter OOCL’s Revenue Drop
Hong Kong-listed Orient Overseas Container Line (OOCL) saw a total volume rise of 4.2% in the first quarter of 2016 ended 31st March 2016, when compared to the same period last year. The worst hit was the company’s Asia to Europe trade with a 11.1 percent drop in volumes and 36.3 percent fall in rev
AET Taking Over Remaining Stake in Paramount Tankers
Singapore-headquartered petroleum logistics unit of MISC Berhad, AET, has agreed to purchase the remaining 50% of Paramount Tankers that it currently jointly owns under a 50/50 joint venture agreement with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax v