South & Central Asia
Explosion aboard Tanker Kills One, Injures Five
One crew member was killed and five personnel sustained injuries when an explosion occurred aboard their tanker vessel Heung-A Pioneer off the coast of Tanjung Dawai, Malaysia around 10 pm local time on April 18, according to local media. The explosion was preceded by a fire, which broke out in the
MSI: Capesize Upturn Remains Fragile
A rise in iron ore trade, higher steel prices and increased scrapping have been the main factors in the recent Capesize market uptick, however, according to Maritime Strategies International’s (MSI) latest Dry Bulk Freight Forecaster, the outlook is still fragile. In order for the uptick to be susta
Tepco’s March LNG imports down
Japan’s largest utility, Tokyo Electric Power (Tepco) revealed its LNG imports in March stood at 2.2 million mt, down 3.8 percent on the 2.28 million mt in the same month the previous year. Tepco’s consumption of liquefied natural gas reached 1.81 million mt in March, a drop of 7.3 percent as compar
HPH Trust’s Q1 Net Profit Soars amid Govt Refund
The first quarter of 2016 seems to be off to an excellent start for Singapore-listed container port business trust Hutchinson Port Holding Trust (HPH Trust) which saw its net profit surge by 94.2% when compared to last year. Namely, despite a fall in throughput of its deep-water ports of 8% during t
Spotted: Vroon Makes It Seven
In today’s spotted we present you Gudali Express, the seventh and last from the batch of livestock carriers built by COSCO for Dutch shipping company Vroon which was launched today at Chinese Cosco Guangdong Shipyard. The carrier features a length of 134.8 m and a breadth of 19.6 meters. Six newbuil
CIMC Raffles repairs two Russian semi-sub rigs
CIMC Raffles’ shipyard in Yantai, China has completed repair works on two semi-submersible offshore drilling units (MODU) of the sixth generation, Polyarnaya Zvezda and Severnoye Siyaniye. The repairs have been completed under a survey by the classification society Russian Maritime Register of Shipp
Hyundai Mipo Pushes Delivery of Six PCTCs
South Korean shipbuilding company Hyundai Mipo Dockyard has agreed to delay the delivery of a total of six pure car truck carriers (PCTCs), the shipbuilder confirmed in a Korea Stock Exchange filing. At the request of the owners of the new vessels, the first delay saw two in a series of four ships,
Busy Q1 for UniSite Group
UniSite Group, a Chinese company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took an active part in many project all over the world in the first quarter of 2016. In this time frame, UniSite supplied a significant amount of
MOL’s Hong Kong LNG carrier unit starts work
Mitsui O.S.K. Lines (MOL) on Tuesday said its newly established LNG carrier management company, MOL LNG Transport (Asia) started operations on Monday, April 18.
India, Germany Sign Agreement on Namami Gange
An Implementation Agreement for Ganga Rejuvenation under the Namami Gange Program was signed in New Delhi last week between the Ministry of Water Resources, River Development and Ganga Rejuvenation and German International Cooperation (GIZ) of Germany. The objective of the agreement is to enable res
Keppel profit affected by rig building business
Keppel Corp., a Singapore conglomerate, posted a 41 percent drop in net profit for the first quarter of 2016. The company’s profit was negatively affected by Keppel’s offshore rig building business, Keppel Offshore & Marine, as the low oil prices are taking a toll on everybody linked to the oil and
Chevron seeks buyers for Myanmar gas assets worth $1.3 billion – sources
By Denny Thomas and Anshuman Daga HONG KONG/SINGAPORE (Reuters) – U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’