South & Central Asia
Japan’s LNG imports in February drop
Japan’s imports of liquefied natural gas reached 7.43 million mt in February, down 3.8 percent as compared to the same month in 2015.
Drewry: Liner Schedule Reliability Drops to 12-Month Low
Liner schedule reliability fell to its worst level in 12 months in February when the average on-time performance slipped by 7 percentage points to 62.7%, according to Drewry’s Carrier Performance Insight. The on-time average is reported to have fallen in each of the previous five months and is now a
Daiichi Chuo Files Its Rehabilitation Plan
Japan’s dry bulk shipping company Daiichi Chuo Kisen Kaisha and its wholly owned subsidiary Star Bulk Carriers submitted their rehabilitation plans to the Tokyo District Court on March 17. Under the rehabilitation plan, Daiichi Chuo would buy all of the company’s existing shares without consideratio
HMM’s Capital Reduction Approved as Creditors Reject Debt Rescheduling
Troubled South Korean shipping company Hyundai Merchant Marine (HMM) has been allowed to stay listed on the local stock exchange as the company’s shareholders approved a 7-to-1 capital reduction proposal at a general meeting today, the company said in a stock exchange filing. The proposal adoption c
India Softens Cabotage Measures for Container Ports
In an effort to support the country’s trade and economic growth, the government of India has relaxed cabotage restrictions for ports that transport at least 50 percent of the container volume they handle. With the lifting of some cabotage restrictions, shipping lines will now be able to consolidate
China Tightens Port Measures due to Zika Virus
Chinese quarantine authorities now require mosquito eradication certificates from vessels arriving from countries with reported Zika virus transmissions, Norway’s marine insurance company Gard said citing its correspondents Huatai Insurance Agency & Consultant Service. The Chinese Entry-Exit Inspect
Operation at Hanjin Incheon Container Terminal Kicks Off
Hanjin Incheon Container Terminal (HJIT), the second container terminal of Incheon New Port in Korea has opened today, 18th March 2016 with the arrival of Hanjin Mexico containership, Incheon Port Authority announced. The Hanjin Mexico, which is the first-calling-vessel at HIJT, sails on the weekly
Lenders Push for Court Auction of Mercator’s Bulker
Creditors of Singapore’s Mercator Lines are trying to push a court auction of the arrested vessel MV Garv Prem, which the company already agreed so sell to them in January 2016. Madison Pacific Trust Limited has taken steps in the Bombay High Court, on behalf of the syndicate lenders, to launch a sa
CMA CGM Expands West African Services
French container shipping major CMA CGM has upgraded its services linking the West African coast to Europe, Asia, Middle East and India as a part of the company’s new strategy in the West African region. The new MIDAS service calls at 7 West African ports from India and Middle East. An extended cove
India: government reschedules R-LNG tender
India’s ministry of power canceled the results of the e-auction for the allocation of subsided imported regasified LNG for stranded gas-based power plants.
Viking Offshore & Marine CFO takes on CEO role
Viking Offshore & Marine has announced a re-organization of its structure by appointing Low Jooi Kok as Executive Director and Chief Executive Officer (CEO) of the company in place of Ong Choo Guan. The offshore and marine specialist said the appointment is effective from the date of the company’s f
TAS Offshore sheds more light on OSV contract loss
Malaysian builder of offshore vessels TAS Offshore has shed more light on the recently announced contract terminations for two offshore support vessels, following a query by the Bursa Malaysia. To remind, the company last week only said its subsidiary TA Ventures had received the notice of terminati