South & Central Asia
IACS Chair: Class Needs to Keep Up with Industry’s Digital Transformation
Classification societies need to keep pace with the digitalization of the shipping industry in order to support the industry needs, according to the new Chairman of the International Association of Classification Societies (IACS), Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Our industry is becom
Bahri Expands Fleet with Another VLCC
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the very large crude carrier (VLCC) Rimthan, built by Hyundai Samho Heavy Industries (HSHI) in South Korea. The 300,000 dwt carrier joins the company’s 40-strong VLCC fleet. Built to the latest environmental and fuel-efficient t
Navy to Assess USS John S. McCain’s Damage in Japan
US Navy’s recently damaged warship USS John S. McCain is to be transported aboard a heavy lift vessel to a ship repair facility in Yokosuka, Japan, the Naval Sea Systems Command (NAVSEA) informed. The Navy intends to issue a task order on an existing contract for the ship’s salvage patching and tran
Pirates Foiled in Stealing Oil from Product Tanker off Malaysia
Thai-flagged product tanker MGT 1 was boarded on September 6 by a group of pirates who tried to take the ship’s oil cargo while the vessel was underway from Rayong port, Thailand to the Andaman Sea. The incident that took place east of Kuala Dungun, West Malaysia involved 13 armed perpetrators who a
CSIC About to Seal Restructuring Deal
China Shipbuilding Industry Corporation (CSIC), which suspended trading of its stock back in May due to a “major asset restructuring”, is scheduled to sign an agreement with an unnamed party on the matter next week. CSIC revealed in a regulatory filing that it is expected to sign a deal on the compa
Sri Lanka decides on LNG import terminal
Sri Lanka has decided to go ahead with the setting up of a liquefied natural gas (LNG) terminal near Colombo with Indian and Japanese companies. It was reported earlier this year that India and Japan have joined forces to set up a $250 million LNG import terminal in Sri Lanka that would help meet th
SeaIntel: Q2 Results Paint a Better Picture for Container Carriers
Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016. Ten carriers posted black figures, while only two have reported losses for the quarter, those bei
LOC Renewables Inks Taiwanese Offshore Wind MoU
LOC Renewables, a part of LOC Group, has signed a Memorandum of Understanding (MoU) with four other parties to work together on furthering offshore wind farm development and construction in Taiwan.
Zhejiang ECA Low Sulphur Requirements Come into Force
All vessels calling at any port within the Zhejiang area must use fuel with a sulphur content not exceeding 0.5%m/m when berthing, effective September 1, 2017, marine and energy insurer Standard Club P&I informed. Zhejiang Emission Control Area (ECA) in China includes the ports of Ningbo, Zhoushan,
Strike at Hanjin’s Subic Yard in the Cards?
A strike seems to be looming at Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) amid workers’ demand for the recognition of their union. Namely, the workers are demanding for their union to be certified through an election so as to be able to negotiate a Collective Bargaining Agreem
Keppel, Partners Eye Small-Scale LNG Options in Indonesia
Keppel Offshore & Marine (Keppel O&M) has entered into a deal to explore opportunities in the development of small-scale liquefied natural gas (LNG) distribution in West Indonesia. The Heads of Agreement (HOA) was signed with Pavilion Energy and Indonesia state-owned PT Perusahaan Listrik Negara (PL
Empyrean identifies ‘exciting new prospect’ offshore China
London-listed Empyrean Energy has confirmed structural validity of two prospects and identified a third significant target in a block offshore China, following preliminary mapping of ‘raw seismic 3D data.’ Empyrean has completed the preliminary internal interpretation of the ‘fast-tracked’ processin