South & Central Asia
TAS Offshore suffers contract loss for two offshore vessels
Malaysian shipbuilder TAS Offshore has lost a contract for the construction of two offshore vessels. According to the company’s statement, the contract was for two anchor handling tug oil recovery supply vessels. In a filing on Bursa Malaysia on Friday, Tas Offshore said its subsidiary TA Ventures h
Alam Maritim bags Petronas award
Alam Maritim Resources’ wholly-owned subsidiary, Alam Maritim, has recently received a letter of award from Petronas for the provision of a workboat. According to the company’s Bursa Malaysia filing on Monday, the contract value is approximately RM54.2 million ($13.1 million). The contract is for a
Helios LPG Pool Takes 8 VLGCs on Board from Oriental Energy
Helios LPG Pool LLC, an LPG vessel pool jointly operated by Dorian LPG and Phoenix Tankers Pte, has reached an agreement with Oriental Energy Company, a propane dehydrogenation plant (PDH) operators and importers in China, whereby Helios LPG will operate Oriental Energy’s eight VLGCs. In addition, H
VIDEO: AIDA Cruises Takes Delivery of AIDAprima
German cruise line AIDA Cruises took delivery of AIDAprima, its first newbuild of a new ship generation, from Mitsubishi Heavy Industries (MHI) in Nagasaki on March 14. AIDAprima, the 11th cruise ship in the AIDA fleet, left Nagasaki and is currently on its way to Hamburg, where it will be homeporte
Bumi Armada Files Suit against Woodside
Malaysia-based offshore services provider Bumi Armada Berhad filed a writ of summons in Western Australia’s supreme court against the Australian oil and gas company Woodside on March 14 due to a notice to terminate a charter contract. The move comes on the back of Bumi Armada’s decision to take lega
Interview: Investors Bearish as Appetite for Risk Drops
With the shipping industry embarking on yet another tough year and owners rushing to preserve their financial stability which had been severely hit by the industry slump and overcapacity, the topic of finance is given a central role. As a result, the recent period has seen owners negotiate new and r
Notice of Asset Freeze Served to MV Jin Teng
The seized North Korean cargo ship MV Jin Teng has received a notice of asset freeze from the Philippine Coast Guard, local media reported. The station commander of the Subic Philippine Coast Guard said that the captain of the 1997-built cargo vessel did not object the notice. The notice comes in re
Tokyo Gas February sales drop
Total gas sales volume by Japan’s Tokyo Gas for the month of February 2016 came to about 1,471.195 million cubic meters, down 3.0 percent from February 2015.
NYK Aims at Developing New Shipping and Logistics Solutions
Tokyo-based shipping line NYK Group (Nippon Yusen Kaisha) has decided to establish a new company, Symphony Creative Solutions (SCS) in Singapore, to develop and market new solutions in the shipping and logistics fields. NYK, along with its subsidiaries, the Monohakobi Technology Institute and NYK Bu
Royal HaskoningDHV Reports Increase in Orders
Royal HaskoningDHV is in good shape having expanded its order book by 27% and increased net profits with 87% in 2015. According to the company, efforts have been focused on developing existing business and seeking growth within countries and markets where Royal HaskoningDHV already has a strong posi
Two Dead in Helicopter Crash during Salvage Efforts
Two persons died and one sustained severe injuries after Taiwan Coast Guard’s helicopter crashed on Friday while assisting the grounded containership TS Taipei off Shimen, Taiwan, according to local media. The pilot and a rescue team member were reportedly killed in the crash, while other crew membe
Readers’ Picks of the Week (March 7th – 11th, 2016)
VIDEO: Maersk Tankers to Use Drones to Slash Costs Maersk Tankers, part of Danish Maersk Group, has resorted to using drones to cut costs for deliveries at sea and has completed the first test drone delivery of urgent parc… Read More Interview: Investors Bearish as Appetite for Risk Drops With the s