South & Central Asia
South Korea Takes the Lead in Ship Orders in September
Following the last year’s turmoil in the sector, shipyards from South Korea won the majority of orders worldwide in September 2017 and their order backlog increased for the first time in almost a 2-year period. Specifically, the country’s shipyards bagged orders amounting to a gross tonnage of 1.46
ONGC Hands Daman EPCIC Work to L&T
L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro, has secured an offshore contract from Oil & Natural Gas Corporation (ONGC) for the transportation and installation on Daman Development Project. The contract encompasses total engineering, procurement, construction, install
Pacific Basin Eyes More Second-Hand Ships
Following the purchase of five dry bulkers in August, Pacific Basin Shipping Limited is exploring more acquisitions of second-hand tonnage lured by attractive prices. “We will continue to look at attractive secondhand ship acquisition opportunities if they can generate a reasonable payback at prevai
India: Larsen & Toubro takes over Daman project from Swiber
L&T Hydrocarbon Engineering Limited (LTHE), a wholly owned subsidiary of Larsen & Toubro, has bagged an offshore contract for work on the Daman development project off India. L&T said on Wednesday that it won a $177 million transportation and installation deal on the Daman project from the Oil & Nat
India’s government approves LNG cooperation deal with Japan
India’s government has approved the memorandum of cooperation between India and Japan for the establishment of a liquid, flexible and global LNG market.
Indonesia’s Humpuss to form FSRU JV with Exmar
Indonesia-based shipping service provider Humpuss Intermoda Transportasi signed a deal with Belgium’s Exmar to cooperate on an FSRU development.
Greystoke bags LNG consultancy job on Jafrabad FSRU project
Greystoke Marine Management has been contracted by Swan LNG Private to provide marine and LNG consultancy services to support the development and commissioning of the Jafrabad FSRU project in India.
Better Steel Market Drives Essar Ports’ Cargo Volumes Up
India’s port company Essar Ports saw a 19 percent growth in cargo handled during the first half of fiscal year ended September 30, 2017, compared to the same period a year earlier. Namely, the company said that it handled 17.35 million tonnes of cargo in the six-month period, up from the 14.61 milli
NGO Shipbreaking Platform Slams ACL for Scrapping ConRo Duo in India
The NGO Shipbreaking Platform is urging German authorities to hold Atlantic Container Line (ACL), a subsidiary of the Italian Grimaldi Group, accountable for alleged breach of European waste laws. In a letter sent to the German authorities, the Platform said that the company purposely sold two of it
PHOTO: TSHD Tommy Norton Arrives Home
The recently delivered trailing suction hopper dredger ‘Tommy Norton’ has started work to deliver safe and reliable ocean access for the commercial vessels that cross the entrance bar to the Gippsland Lakes area. The vessel, built at Damen Shipyards Yichang, China, was delivered to her new owner, th
Brokers: Chinese Yards Cashing In from Bulker Ordering
The insatiable appetite for bulker newbuilds continued into last week as brokers reported orders for at least 14 bulker newbuilds being ordered. The Chinese shipyards were the preferred choice for owners, with Jiangsu Yangzijiang Shipbuilding Group scoring a huge chunk of placed orders. Namely, asid
Brødrene Aa Wins Order for Catamaran Trio
Norwegian ferry builder Brødrene Aa, Hyen, has received an order for three high-speed carbon fiber catamaran ferries intended for the Chinese market. As informed, the company signed a contract with Zhongshan Hong Kong Passenger Shipping Co-op Co., Ltd. The construction of the vessels is expected to