South & Central Asia
Osaka Gas looking to sell surplus LNG
Osaka Gas of Japan is looking to sell surplus amounts of liquefied natural gas it will have in the short to medium term, according to the utility’s president Takehiro Honjo.
Dismal Prospects for Container Shipping
Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful prevailing spot and contract freight rates will lead to a major trigger point at some stage later this year, according to shipping consultancy Drewry. “This will happen either through radical
TAS Sees OCV Shipbuilding Deal Canned
TAS Offshore Berhad’s (TAS) subsidiary, TA Ventures (L) Ltd has received notice of termination of a shipbuilding contract from QMS1 Offshore Services Ltd (QMS1), via email on April 5, 2016. In a filing with Bursa Malaysia on Thursday, the Malaysian shipbuilder informed that the contract between TA V
International offshore rig count down by over 100 rigs YOY
Oilfield services provider Baker Hughes announced on Thursday that the international offshore rig count in March 2016 was down by more than one hundred offshore rigs year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According
Evergreen Adopts BNTC as Its New Home
Taiwan’s shipping company Evergreen Line has chosen South Korea’s Busan New Container Terminal (BNTC) as its new home at Busan’s port. As part of the company’s two 5,600 TEU vessel deployment on the BEX2 service, the boxship Ever Utile made its first call at the terminal on April 5. Evergreen’s BEX2
BDI Reaches New High in 2016
As the dry bulk market is currently experiencing a slight recovery, the Baltic Dry Index (BDI) jumped by 13 points and reached 500 points on April 6, marking the highest level so far in 2016. The Capesize index was up by 11 points reaching 477, the Panamax index was up by 23 points hitting 619, whil
Terntank names two LNG-powered tankers
Danish shipping company, Terntank Rederi recently held a naming ceremony for the two of its four LNG-powered newbuilds at AVIC Dingheng Shipbuilding in China.
Jiangsu Haihong Orders MAN Engines for Two TSHDs
Jiangsu Haihong Engineering Technology Co., Ltd. has ordered 4×MAN 32/40 engines in connection with an order for 2×8,000 m³ trailing suction hopper dredgers. The scope of delivery covers two ship-sets, with each including a propulsion package consisting of 2×9L32/40 engines, an MAN Alpha twin-screw
MOL Unveils Its Next-Generation Car Carrier Hull Design
Japanese shipping company Mitsui O.S.K. Lines (MOL) has presented the hull design for its next-generation car carrier FLEXIE that will be constructed at Minaminippon Shipbuilding Co. and is slated for delivery in 2017. MOL says the rounded bow shape is going to minimize wind resistance and is expect
Triyards Earns More. Increases Orderbook
Singapore-based Triyards Holdings Limited has seen its net profit increase by 10% to USD 5.3 million for the quarter ended February 29, 2016, compared to the USD 4.9 million recorded in same period a year earlier. For the six-month period, the company saw a decrease of 9% in its net profit, which fe
TAS Offshore sees another vessel deal slashed
Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV). TAS Offshore’s wholly-owned subsidiary, TA Ventures, received the notice of termination from
Suez Canal Cuts Tolls for Boxships on US East Coast-SE Asia Route
The Suez Canal Authority has decided that container ships coming from Port of New York and its southern ports heading to South East Asian ports, such as port of Port Kelang and its eastern ports, shall be granted a reduction of 30% of the Suez Canal normal tolls. Any company wishing to benefit from