South & Central Asia
VIDEO: Thorco’s Tenth Newbuilding Makes a Splash
The tenth newbuilding of the Copenhagen-based shipping company Thorco Shipping hit the water on February 9 in Japan. The new vessel, named Thorco Lohas, was built and launched by the Japanese shipbuilding company Honda Heavy Industries. Thorco Lohas, the final general cargo vessel of the L-class bui
Infographic: Ins and Outs of IMO’s Polar Code
The International Code for ships operating in Polar waters, better known as the Polar Code, will enter into force on January 1, 2017, and will apply to ships operating in Arctic and Antarctic waters. The Polar Code provides for safe ship operation and protects the environment by addressing the uniqu
Barakah Offshore wins Petronas FLNG 1 deal
Barakah Offshore Petroleum informed on Tuesday that its subsidiary PBJV Group won a subcontract for offshore works on Petronas’ first floating LNG facility, the PFLNG1.
Vopak’s New LPG Facility in Singapore Gets Its First Cargo
Tank storage company Vopak has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island, marking the start-up of Southeast Asia’s first independent LPG import and storage facility. The shipment from the vessel “Sun Aries” will deliver fully r
U-Ming Inks Deal for Two 81,500 dwt Bulkers
Singapore-based ship owner U-Ming Marine Transport has signed a contract for the construction of two 81,500 dwt bulk carriers. According to the company, the new vessels will be built by Japanese shipbuilder Oshima Shipbuilding. The price tag and the particulars of the new bulkers have not been discl
Thai PTT to delay LNG purchase from Shell, BP due to weak demand
Thailand’s PTT Pcl plans to delay its purchase of liquefied natural gas (LNG) from Shell Eastern Trading (PTE) and BP Singapore PTE Ltd due to weaker-than expected domestic demand, its executive said on Tuesday.
MSI: Tanker Earnings to See Muted Upside by April
Tanker market earnings should experience a limited upside from current levels by April with time charter rates being under pressure as a result of growing supply of large crude and products tonnage, Maritime Strategies International reports in its latest Tanker Freight Forecaster. After what was a s
APM Terminals Pipavav Welcomes 1st Indian RoRo Service Call
APM Terminals Pipavav welcomed the IDM Symex car carrier, which arrived with a cargo of 800 Hyundai cars loaded at the Port of Chennai on February 5th, in a pioneering use of coastal transportation of Indian-manufactured automobiles. This is the first domestic consignment since the Indian Ministry o
Vopak commissions Jurong Island LPG facility
Vopak’s liquefied petroleum gas facility at the Banyan terminal on Jurong Island received its first cargo to start-up the first independent LPG import and storage facility in Southeast Asia.
Cosco’s Net Loss at USD 407.6 Mln for 2015
Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair and marine engineering and shipping group, recorded a net loss of SGD 570 million (USD 407.6 million) in 2015, compared to a net profit of SGD 20.9 million (USD 14.9 million) in 2014. Cosco’s turnover decreased by 17.4 percent to
Sembcorp Marine’s 4Q 2015 hit by impairments
Sembcorp Marine, a Singapore-based offshore rig builder, posted a loss of $537 million for the fourth quarter of 2015, down from $174 million profit in the fourth quarter of 2014. The company’s profit was affected by impairment and provisions of $609 million for Sete Brasil projects and other rig pr
APM Terminals Mumbai Goes Paperless
APM Terminals Mumbai became the first Indian container terminal to go paperless by providing shipping lines electronically with the required export form 13 for export containers entering the terminal by truck. APM Terminals Mumbai has also introduced an ‘Online Import Delivery Process’ to simplify a