South & Central Asia
Cash-Strapped Triyards Having Trouble Completing Projects, Seeks Restructuring
Singapore-based Triyards Holdings Limited said it was reassessing its ability to continue or to complete current projects with the existing financial resources available as it is experiencing liquidity shortage. The financially-troubled shipbuilder is “experiencing difficulties in gaining access to
Japanese Firms Join Forces on LNG-Fueled Ferry
Japan-based K Line Kinkai and Kawasaki Kisen Kaisha (K Line) have decided to team up in a joint study related to a newbuilding passenger ferry being fueled by liquefied natural gas (LNG). The work would focus on specifications, engine types and related technical verifications for LNG handling aboard
Cosco Shipping, PIL Pen Charter Deal for 12 Boxships
China’s Cosco Shipping Lines Group has signed a time charter agreement with Singaporean owner Pacific International Lines (PIL) for twelve containerships. Under the deal, Cosco Shipping will lease a 6,500 TEU containership with shore supply and five 4,250 TEU containerships from PIL. On the other ha
Dredging Today Conference Program Update: Keynote Sessions
The clock is ticking and with the Dredging Today Conference just around the corner, we have decided to unveil the latest updates on the DTC Program. Our first DTC Program update will focus on the Keynote Sessions, named ‘Which Current Trends Are Your Best Friends?’. In this session, high level speak
New marine transport contracts line up for Boskalis
Royal Boskalis Westminster N.V. has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Boskalis informed on Wednesday that its subsidiary Dockwise was awarded a contract by Husky Oil for the transportation of the West White Rose
Oldendorff Carriers Revives Contract for Handysize Pair at Samnjin
Oldendorff Carriers has renewed two newbuilding contracts, which were concluded originally in June 2012 with Weihai-based Samnjin Shipbuilding Ind. (SSI). The initial order, comprising four 36,000 DWT Handysize newbuildings of the FESDEC-36k eco type, was canceled in 2014 and 2015 after excessive de
DNV GL: natural gas to become world’s primary energy source by 2035
Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. DNV GL’s Energy Tr
Oil demand to peak in 2022 but gas to become primary energy source by 2035, DNV GL says
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition published on Tuesday. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas
Sumitomo: $1.48 Billion Deal for Penta-Ocean
Penta-Ocean Construction Co., Ltd. has won a contract from Sumitomo Corporation for the Matarbari Ultra Super Critical Coal-Fired Power Project in southern Bangladesh. In order to respond to the recent increase of electricity demand in Bangladesh, the country’s largest power plant is to be construct
SHI, Inmarsat Team Up on Smart Ship Connectivity
Samsung Heavy Industries (SHI) has joined forces with Inmarsat under a Memorandum of Understanding (MoU), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. Under the deal, the South Korean yard would install Inmarsat-appro
Pacific Basin Looking to Enhance Its Profile in China
Hong Kong-listed dry bulk carrier Pacific Basin Shipping has been included an eligible stock for Southbound Trading under Shenzhen-Hong Kong Stock Connect (SZ-HK Stock Connect). “We are very pleased to be included in the SZ-HK Stock Connect scheme. The southbound trading mechanism will help to enhan
DPWH Fast Tracks Six Flood Control Schemes
The Government of the Philippines’ Department of Public Works and Highways (DPWH) has recently kicked off work on a major flood control system which is seen to alleviate the problem of overflowing and erosion along Subang Daku River in Southern Leyte. DPWH Region 8 Director Edgar Tabacon said that t