South & Central Asia
PHOTO: Milestone for Vroon Newbuilds
Vroon’s DP2 subsea-support walk-to-work (W2W) vessel VOS Start was launched last week at Fujian Southeast Shipbuilding in China. Aditional milestone took place at the shipyard earlier this week, with the keel laying of sister vessel, VOS Stone. Both are constructed to a new design and commissioned b
Yang Ming to Bolster Ties with RCL
Taiwanese carrier Yang Ming Marine Transport Corp has partnered up with Thai counterpart Regional Container Lines (RCL) to pool companies’ resources in overcoming the industry downturn. Under the agreement announced on Monday, the duo agreed to expand cooperation on terminal operations in both Taiwa
DHT Takes Delivery of VLCC DHT Lion
Bermuda-headquartered crude oil tanker company, DHT Holdings, has taken delivery of a very large crude carrier (VLCC) newbuilding from South Korean shipbuilder Hyundai Heavy Industries. The 299,900 dwt vessel is named DHT Lion and is entering the spot market. It is the third of a series of six VLCC
Singapore to allow LNG buyers to import 10 pct supply from spot market
Singapore’s gas customers will be allowed to import up to 10 percent of their annual long-term quantity from the spot market, according to the country’s trade and industry minister, S. Iswaran.
Sinotrans Plummets Further into Red
Hong Kong-listed Sinotrans Shipping Limited has plunged further into the red as its annual net loss dropped to USD 81.5 million in 2015 from a net loss of USD 12.7 million seen a year earlier. Full year revenue from the company’s dry bulk, container shipping and other operations were at USD 999.7 mi
King talks renewables in India
Sir David King, UK Foreign Secretary’s Special Representative for Climate Change, delivered a speech at 9th India Climate Policy and Business Conclave in Delhi today. During a recent visit by Indian Prime Minister Modi to the UK, the two countries issued a joint statement on climate change and energ
Second North Korean Ship Inspected in the Philippines
Another North Korean vessel was detained by the Philippines authorities at the Misamis Oriental port in light of the recently imposed stricter sanctions against North Korea, the Manila Bulletin reports. The vessel, which is being held at the country’s Mindanao Container Terminal (MCT), was boarded b
Vroon’s subsea support vessel launched in China
Offshore shipowner Vroon Offshore Services has reached two milestones in China with the launching of one vessel and the keel laying for another. The company on Tuesday said that VOS Start was launched last week at Fujian Southeast Shipbuilding Co. Ltd. in China. Earlier this week, with the keel layi
Sir David King Highlights Renewables Importance in India
Sir David King, UK Foreign Secretary’s Special Representative for Climate Change, delivered a speech at 9th India Climate Policy and Business Conclave in Delhi today. During a recent visit by Indian Prime Minister Modi to the UK, the two countries issued a joint statement on climate change and energ
Van Oord Reports Record Revenue for 2015
The 2015 was a year of major projects that made a significant contribution to Van Oord’s revenue and profit growth. The company reported a record revenue of EUR 2.579 billion (2014: EUR 2.104 billion), an increase of 23%, and a record profit of EUR 169 million (2014: EUR 119 million). These figures
China’s LNG imports up in January
China boosted its LNG imports in January by 16.4 percent, as compared to the same month a year before, according to the General Administration of Customs data. The world’s largest energy consumer imported 2.46 million mt of liquefied natural gas in January, the data shows. Chinese yearly imports of
MHI delivers LNG-powered cruise ship to AIDA Cruises
Mitsubishi Heavy Industries on Monday said it has delivered the AIDAprima, the first of two LNG-powered cruise ships, to AIDA Cruises of Germany.