South & Central Asia
Wan Hai Boxship Runs Aground off Hong Kong
The Singapore-flagged containership M/V Wan Hai 506, owned by Taiwan-based shipping company Wan Hai Lines, was refolated after it ran aground following its departure from the port of Hong Kong on December 24, the owner said. The 2005-built boxship is now on its way to Shekou dry dock where it will u
China Fines Eight Liner Companies
Eight container shipping companies are facing fines from China’s Ministry of Transport for violation of freight rate-related regulations. An inspection found that the companies in question failed to report their freight rates or did not meet the standards set by the ministry regarding freight rate s
Pertamina’s Tanker Duo Hits the Water at NCS
China’s privately-held shipbuilder New Century Shipbuilding hosted a launching ceremony for two 40,000LTDW crude oil tankers being built for Indonesian state-owned oil and gas company Pertamina. The two ships, are the second and third crude oil tankers Pertamina ordered through its subsidiary Pertam
China Teaches Seven Car Carriers a Lesson
China’s National Development and Reform Commission (NDRC) has fined seven shipping companies for taking part in price-fixing as the country aims to decrease competition in the Chinese auto industry. Among the companies that violated China’s anti-monopoly law are South Korean EUKOR Car Carriers, Norw
Concordia Maritime Charters Out P-MAX Tanker
Swedish tanker shipping company Concordia Maritime has signed a contract with an undisclosed Chinese shipping company to charter out a P-MAX tanker. The contract is for two years and comes into effect in late January/early February 2016. “The contract is fully in line with our fleet and earnings str
Bad weather hits PetroChina’s LNG imports
China’s National Petroleum Corporation informed on Saturday that its unit PetroChina halted LNG unloadings at the Tangshan terminal due to fog and strong winds which resulted in tighter gas supplies in Northern China and Beijing.
Indian state public wants tidal energy
Odisha-based social outfit Jana Jagaran Manch (JJM) has called the state government to acquire skills and technology for tidal energy utilization in order to meet the energy needs of this Indian state. Odisha, one of India’s 29 states, located in the east of India, has potential to generate power fr
Douglas Westwood: Offshore prospects for 2016: Playing the waiting game?
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come, Douglas-Westwood, an ener
Popular news, December 21 – 27, 2015
Read the most popular news of the week.
Top news of the week December 21-26, 2015
Shell plans more cuts after BG deal Hague-based energy giant Shell said Tuesday it reduced capital spending plan for next year as it prepares to finalize the combination with BG in a low oil price environment. Egypt expanding LNG infrastructure Egyptian Ministry of Petroleum recently revealed a US$3
Readers’ Picks of the Week (Dec 21st – 25th, 2015)
Still No Sign of MV Thorco Cloud’s Missing Crew The six crew members of the Antigua and Barbuda-flagged freighter Thorco Cloud that went missing after their ship sank in the Singapore Strait in the evening hours of Dece… Read More Dutch Shippers: Container Shipping Alliances Threat to Competition Du
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (December 21-27). Boskalis Dredger Freeway Busy in Portsmouth Boskalis’ 4,500 m³ trailing suction hopper dredger Freeway has arrived at the HMNB Portsmouth and is dredging the channel ahead of the arrival of the Q