South & Central Asia
Port Automation: Smart, Smarter, Smartest!
The global container handing equipment fleet is getting smarter as port operators apply more sophisticated IT in their operations. The amount of intelligence on both manned cranes as well as unmanned equipment is increasing in a quest for improved safety, productivity and eco-efficiency. As part of
USD 65 Bn Lost in Shipping Assets Value in 2015
Some USD 65 billion was lost in underlying market value in shipping assets in 2015, according to shipbrokers Barry Rogliano Salles (BRS), as the year proved worse for the industry than expected. “This year saw historic (adjusted) lows or near lows in almost all market sectors except tankers. Only th
GIIGNL: global LNG trade climbs 2.5 pct
Global LNG trade hit record high in 2015 driven by new volumes from Australia and Indonesia, GIIGNL, the International Group of Liquefied Natural Gas Importers said in its latest annual report. According to GIIGNL, global LNG trade has grown by 2.5% in 2015, with total quantities reaching an all-tim
Krishnapatnam Sends Boxship on First Direct Route to Bangladesh
An Indian containership departed from the country’s East Coast port of Krishnapatnam on a first direct route voyage to Bangladesh on April 4, the port confirmed to World Maritime News. The direct route is a part of a coastal shipping agreement signed between India and Bangladesh, and approved by the
Inpex expects net profit to plunge on low oil prices
Japanese LNG project developer Inpex expects 26 billion yen ($235 million) in net profit for the fiscal year ended March 31, two times lower than its previous forecast of 52 billion yen. The company said in a statement on Tuesday it expects to book 67 billion yen ($606 million) in impairment charges
Korean Shipbuilders Wrap Up Q1 with Only 9 Orders
The highly anticipated recovery of the shipbuilding industry seems to be far off for the world’s leading shipbuilding nation as only nine orders have been placed at South Korean shipbuilders during the first quarter of the year. The companies that did manage to brave the storm and secure some work s
MPA Lends a Helping Hand to Struggling Bulkers
The Maritime and Port Authority of Singapore (MPA) revealed its plans to grant a 10 per cent concession on port dues for bulk carriers with effect from 15 April 2016 as a countermeasure to the current downturn in the industry. This concession will be applicable if the vessels are carrying out cargo
Ship Design Efficiency Standard Set to Low
Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving efficiency improvements, according to a new independent study entitled Historical Trends in Ship Design Efficiency made for Clean Shipping Coalition (CSC) by CE Delft, a research and consulta
Security Guards Fire at Bangladeshi Shipbreaking Workers
Private security personnel of Kabir Steel shipbreaking yard, located north of Bangladesh’s major port city, Chittagong are reported to have fired shots and injured seven people protesting outside the yard. The group of shipyard workers and a deceased worker’s family members gathered outside the yard
Adani Ports Gets Go-Ahead to Buy Kattupalli Port
India’s port developer and operator Adani Ports and Special Economic Zone Ltd (APSEZ) has received a nod from the government of Tamil Nadu on its plans to purchase the Kattupalli port in Chennai, India’s newspaper LiveMint writes quoting unnamed government sources. The approval comes on the back of
Drewry: Big Ship Obsession Could Be Diminishing
The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable trades to deploy their big ships, in turn leading to a decrease in the economic imperative and the financial ability to order new vessel, according to shipping consultanc
FONASBA: Numerous Countries Unprepared for Container Weighing
There has been no guidance issued on the practical application of the measures regarding the implementation of the amendments to SOLAS VI.2 on container weighing in eighteen countries, a survey from FONASBA, an organisation representing the global ship agency and ship broking professions shows. This