South & Central Asia
Aegean Shipping Management Breaks into Dry Bulk Market with Kamsarmax Order
Greek tanker owner Aegean Shipping Management S.A. has signed an order with Chinese Cosco Shipping Heavy Industry for up to eight 82,000 DWT Kamsarmax bulk carriers, thus venturing into the dry bulk sector. The order comprises four firm and four optional ships in a 4+2+2 series to be constructed by
Bangladesh Takes Over Another Batch of Damen Dredgers
Following recent dredger deliveries in Bangladesh, and successfully organised Dredging Seminar last month in Dhaka, Damen has again delivered multiple dredgers from available stock. According to Regional Sales Director, Rabien Bahadoer, Damen has again confirmed its long-term commitment to Banglades
All Set for Brahmaputra River Dredging
The Brahmaputra River dredging project – taking place from Sadiya to Dhubri of Assam – is set to begin this month, the Dhaka Tribune reports. The Inland Waterways Authority of India (IWAI) will carry out the dredging activities in a phased manner to get the National Waterway 2 operational, according
Mercator Bags Visakhapatnam Dredging Contract
Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for the Director General Naval Project (DGNP) maintenance dredging work in Visakhapatnam. DGNP was established at the Naval Base Vizag for setting up a composite comp
DMSE in Talks to Delay Delivery of LNG Carrier Duo
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a stock exchange filing that it was in discussions on changes to the delivery schedule for a liquified natural gas (LNG) carrier pair. The two ships were ordered by an unnamed European owner in October 2014 and were s
NSB Group Takes 31 More Ships under Management
German ship manager NSB Group has grown its fleet to up to 96 vessels following the formation of a joint venture with Indonesian shipping company Temasline named PT Asia Marine Temas. So far, the group had 65 ships in operation, among them two specialized vessels for installing offshore wind turbine
Drewry: SM Line Soon to Join Top 20 Carriers
South Korea’s recently established SM Line is on the verge of joining the Top 20 of carriers by operated fleet as it continues its second-hand shopping spree, shipping consultancy Drewry informed. The ambitious newcomer SM Line emerged out of the ashes of bankrupt compatriot Hanjin Shipping, when it
Emas Offshore eyes $50 million investment as part of restructuring
Offshore services provider Emas Offshore has started restructuring process in Singapore and entered into an agreement with potential investors who will put in $50 million into the company as part of its financial restructuring. The restructuring application was filed at the end of August. With this
CMIT Deepening Strategies Discussed
Vietnam’s Prime Minister Nguyen Xuan Phuc recently visited Cai Mep International Terminal (CMIT) to discuss potential development strategies in the area. The Prime Minister was welcomed by CMIT acting Managing director Nguyen Xuan Ky, who expressed the facility’s appreciation to the Vietnamese natio
Great Eastern Invests in Gas Carrier
India’s Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a second-hand medium gas carrier of about 35,420 cbm, the company informed. As disclosed, the 1997-built vessel is expected to join the company’s fleet in the second quarter of the 2018 fiscal year. What is mo
China Merchants Port Buying Brazil’s TCP for USD 923 Mn
Hong Kong-listed port investor China Merchants Port Holdings Company has inked a deal to buy 90 percent of shares in Brazilian port operator TCP Participações S.A. The acquisition of TCP, worth USD 923.7 million, will allow the group to expand its business to the Latin America region and further con
Spotted: ESL Shipping Splashes LNG-Powered Bulker
Viikki, the new eco-friendly dry cargo vessel of Finnish dry bulk shipping company ESL Shipping, part of Aspo Plc, was launched on August 31 in China. “The longstanding work in this project becomes concrete today when we see the vessel floating for the first time. There is still a lot of work ahead