South & Central Asia
New Magenta Vessel Joins Ocean Network Express
Ocean Network Express has taken delivery of a new magenta coloured containership, ONE MINATO.
Prosafe, Cosco in another flotel delivery delay
Prosafe and Cosco have agreed to extend a standstill agreement regarding the delivery of two accommodation units.
COSCO Takes Majority Stake in OOCL
COSCO Shipping has taken the helm at OOCL as it acquired a majority stake in the company.
DPWH: Villar Orders Pampanga River Dredging
The Secretary of Public Works and Highways of the Philippines (DPWH), Mark Villar, today ordered the de-silting and clearing of the Pampanga River and improvement of its water-catching capacity. According to the latest Philippine News Agency’s (PNA) announcement, Mr. Villar visited the province to i
NGO Platform: 169 Ships Sold to South Asian Beaches
NGO Shipbreaking Platform: From a total of 220 ships that were scrapped in 2Q 2018, 169 vessels hit the South Asian beaches.
Maldives: MTCC Wins K. Huraa Land Reclamation Contract
The Government of Maldives’ Ministry of Housing and Infrastructure today signed a contract with the Maldives Transport and Contracting Company Plc (MTCC) for the K. Huraa land reclamation project. During the signing ceremony, the Minister of Housing and Infrastructure, Dr. Mohamed Muizzu, stated tha
Korea Okays USD 1.2 Bn Boost for Shipping Support Entity
South Korea approved a KRW 1.35 trillion investment in the recently launched state entity, Korean Ocean Business Corp.
Blockchain Threatens to Eradicate Trade Intermediaries
Blockchain technology is expected to have a profound impact on trade and transport.
All Crew Kidnappings in 2018 Occurred in Gulf of Guinea
IMB report says that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in 6 separate incidents.
Tap Oil identifies 32 new leads in Thai concession
Tap Oil has identified 32 leads in the G1/48 concession, which contains the Manora oil field, located in the Northern Gulf of Thailand.
Chinese duo to build LNG terminal in Yueyang City
Chinese pair, China Huadian and Guanghui Energy shave agreed to build a liquefied natural gas (LNG) receiving and storage facility in Yueyang city on the Yangtze river.
HMM Joins NYSHEX
Hyundai Merchant Marine has become the newest carrier member of NYSHEX.