South & Central Asia
POSH spat with Makamin Offshore heats up
A dispute is heating up between the Saudi offshore vessel provider Makamin Offshore, and Singapore’s shipowner POSH, following the legal proceedings initiated in Saudi Arabia by POSH in March, 2016. Makamin has rejected all the claims made by POSH, and has filed a counter lawsuit. To remind, POSH Se
HHI Linked to IRISL’s Boxship Order
Korean shipbuilder Hyundai Heavy Industries (HHI) is said to be on the brink of winning a potential order for three 14,500 TEU container ships from Iranian shipping company IRISL. IRISL, which is reportedly in talks with the HHI and some other yards in both Korea and China, is expected to pay USD 12
PSA International to Raise USD 500 Mln from Bonds
Singapore-based port operator PSA International is expecting to collect USD 500 million through an issue of ten-year notes due in 2026, according to a stock exchange filing. The bonds will be issued under a USD 3.5 billion medium term note programme established in August 2009, with an interest of 2.
South Korean Shipping Firm Fined for Oil Dumping
South Korean shipping company Doorae Shipping Co. has been fined by the US District Court of Hawaii for dumping oily bilge water into the ocean, court documents show. In February, the 2009-built oil tanker B.Sky, owned by Doorae Shipping, discharged polluted water into the ocean while several hundre
Infographic: Bulkers Squeezed Out
The interest of the shipbuilding players and owners in building and ordering bulkers in 2016 has subsided as shipyards believe they can earn more from constructing other types of ships as they are more profitable, such as tankers for example. On the other hand, the best time to invest in modern bulk
Modec selects Keppel for $136M FPSO module work
Singapore’s Keppel Offshore & Marine Ltd has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by the Japanese FPSO owner Modec. The work will be carried out in Brazil by Keppel’s subsidiary’s Keppel FELS Brasil SA’s BrasFELS shipyard. The va
Survey: Industry Urged to Shift to Smart Shipping and Big Data
The time has come for the maritime industry to make a move towards smart shipping as CEOs, chairmen and directors of maritime and offshore companies urge the adoption of new technology in order to capitalise on opportunities and navigate today’s increasingly complex operating environment, according
MacGregor to Equip Twelve 19,200 TEU Sea Giants
MacGregor, part of Cargotec, a Finnish provider of cargo-handling machinery for ships, has secured contracts to supply loose lashing equipment for twelve 19,200 TEU container vessels under construction in South Korea for an undisclosed European owner. The equipment is planned for delivery during 201
VIDEO: BigLift’s ‘Happy Star’ delivers topside module (Myanmar)
Dutch heavy lift and marine transportation company BigLift Shipping has recently delivered a wellhead production topside module for an offshore gas field in Myanmar. Using the Happy Star heavylift vessel,the company loaded the module in Ulsan, Korea, and took it to the Yadana offshore field, where S
Swissco Eyes Entire Stake in VM Marine
Singapore-headquartered Swissco Holdings Limited has, through its subsidiary Swissco International, entered into a non-binding memorandum of understanding (MOU) to buy the entire issued share capital of offshore vessel owner and operator VM Marine International Ltd. Swissco said that the company wil
MEYER WERFT Lays Keel for NCL’s 1st Ship Tailored for Chinese Market
German shipbuilder MEYER WERFT hosted on Tuesday the keel laying ceremony for Norwegian Cruise Line’s (NCL) first ever ship styled exclusively for Chinese guests, the Norwegian Joy (Xǐ Yuè Hào), arriving in summer 2017. During the ceremony, the first of 80 blocks that will comprise the 168,800 gross
WinGD, Doosan ready first Wartsila X62DF engine
Winterthur Gas & Diesel and Doosan Engine held a demonstration of the first low-speed low-pressure Wärtsilä 6-cylinder dual fuel engine for commercial application Changwon, Korea.