South & Central Asia
Pan Ocean to Invest in Six New VLOCs
South Korean shipping company Pan Ocean informed that it is investing in the construction of six very large ore carriers (VLOCs). Pan Ocean has earmarked KRW 483.1 billion (USD 444 million) to finance the order. The new ships are intended to be employed on long-term cargo contracts. In a separate an
Yinson, THEE in talks over Layang FPSO takeover
Malaysia’s Yinson is set to take over the Layang FPSO contract THHE has with Japan’s JX Nippon. TH Heavy Engineering Berhad, which is building the FPSO, has applied to a Malaysian court to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia
Chennai Six Released from Prison, Ask Media for Privacy
The six British nationals, former security guards on board the Seaman Guard Ohio anti-piracy vessel, also known as the Chennai Six, have been released from prison after four years. “After four long years, we, along with the 29 crew of the Seaman Guard Ohio, have been cleared by the Appeal Court. We
No Delay to 2020 Sulfur Cap’s Entrance into Force
The 2020 sulfur emissions legislation will enter into force without delay, Edmond Hughes, IMO’s head of air pollution and energy efficiency (MEPC) said while speaking in Athens recently. The reassurance was made to put an end to the overall confusion plaguing the industry amid rumored delays in the
China’s November LNG imports to hit new high
China’s imports of liquefied natural gas (LNG) for the month of November could hit 4 million tons surpassing the previous record of 3.7 million tons the country imported in December last year.
Noble Group Selling Four Kamsarmaxes to Cut Debt
Commodities trader Noble Group said on Wednesday that it has inked a deal to sell four Kamsarmax dry bulk carrier vessels for a total of USD 95 million. “The consideration was arrived at after arm’s length negotiations between NGL and the buyers, on a “willing buyer willing seller” basis, and taking
COSCO Delivers Another Stingray to MSS
COSCO (Dalian) Shipyard has delivered the subsea support vessel “Maersk Involver” to offshore marine contractor Maersk Supply Service (MSS). The delivery follows the “Maersk Installer”, who was handed over in October this year. The two vessels are part of the $470-million contract a subsidiary of CO
Maersk takes delivery of new subsea support vessel
Danish Maersk Supply Service has taken delivery of a new subsea support vessel from China’s Cosco Dalian Shipyard. Delivery documents for the 137 meters long vessel were signed on Tuesday, November 28, the shipyard said on Wednesday. The vessel, named Maersk Involver, is part of a batch four Stingra
Second Stingray for Maersk Supply Service
Maersk Supply Service AS has taken delivery of its second of four Stingray vessels, Maersk Involver, from COSCO Dalian Shipyard. The delivery documents were signed by COSCO (Dalian) Shipyard Co. and Maersk Supply Service on November 28, 2017. The vessel boasts 400 ts AHC crane, dynamic positioning c
Alphaliner: Containership Fleet Breaks 21Mn TEU Mark
The cellular containership fleet has reached a new high of 21 million TEU in November, according to Alphaliner. However, the fleet growth was somewhat slower than expected over the past two years as it took 22 months for the fleet to pass the 20 million TEU threshold. As disclosed, this is the slowe
Teekay orders two more shuttle tankers from Samsung Heavy
Teekay Offshore Partners has ordered two shuttle tanker newbuildings for a total fully-built-up cost of approximately $265 million.
NSU Pens 25-Year COA with Vale
Japanese shipowner NS United Kaiun Kaisha (NSU) has signed another 25-year contract of affreightment (COA) to transport Brazilian iron ore with the world’s largest iron ore producer Vale on November 27, 2017. NSU said that the contract relates to the transportation of an estimated volume of 40 milli