South & Central Asia
Gibson: China Takes the Lead in Crude Oil Imports
China has risen as the world’s largest importer of crude oil, moving ahead of the United States, according to data provided by Gibson Shipbrokers. Namely, China reached an average of 8.55 million b/d of crude oil imports in the first half of 2017 compared with 8.12 million b/d imported by the United
Kidnapped Vietnamese Crew Member Rescued in Philippines
The Philippine military has rescued a Vietnamese sailor kidnapped from the bulk carrier Royal 16, together with five more men in a November-hijacking off Basilan waters by the Philippines Abu Sayyaf Group (ASG) terrorists. After over nine months in captivity, the hostage managed to flee the militant
Emas seeking legal advice over Perisai put option
Singapore’s offshore services company EMAS Offshore Limited is seeking legal advice after Malaysia’s Perisai Petroleum moved to activate a previously agreed put option which would force Emas to buy Perisai’s share in SJR Marine. Namely, Perisai owns a 51 percent stake in SJR Marine, a company which
India’s Seabed Mining Licence Extended
India’s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years. These rights are over 75000 sq. km of area in international waters allocated by International Seabed Authority for developmental activities for polymetallic nod
Spotlight on Jan De Nul’s Controlled Connection of Floating Pipelines
The International Association of Dredging Companies (IADC) has just revealed the 6th nominee for its Safety Award 2017 – the Jan De Nul Group’s Controlled Connection of Floating Pipelines. The manual process of connecting floating pipelines has always been a risky task. Calm water conditions and com
Drewry: Asia-Southern Africa Rates at 7-Year High
The Asia to Southern Africa market has witnessed a significant growth as spot rates reached their highest in seven years, according to shipping consultancy Drewry. Instead of an earlier expected 13% decline in southbound volumes in the first quarter, Container Trade Statistics (CTS) is now reporting
Damen Presents Sandy – Free Dredge Calculator
Dredge projects are tendered around the globe on a daily basis. Consequently, dredging contractors have to make new calculations, involving various production parameters, when preparing their project quotations. Damen has introduced an online dredge job calculator to unburden contractors of this tim
MOL, NYK, Others Breach South Korean Antitrust Law
Japanese shipping company Mitsui O.S.K Lines (MOL) has been found guilty of violating South Korean antitrust law with respect to car carrier services. Following an investigation, the Fair Trade Commission of South Korea (KFTC) announced on August 21, 2017 (South Korea time) that several companies in
Photos: Oil Spills in Johor Waters after Ship Collision
Authorities are working on containing an oil spill resulting from a collision between the Sinica Graeca bulk carrier and Chemroad Mega oil/chemical tanker in Johor waters that took place on Thursday, August 17. There have been no casualties reported from the incident, however; the Marshall Islands-f
ClassNK Expands HKC Verification to South-East Asia
Tokyo-based classification society ClassNK has received its first application for verification from a recycling facility in South-East Asia, Tsuneishi Ship Recycling (Negros). ClassNK completed the document review for a Ship Recycling Facility Plan (SRFP) submitted by TSRNI verifying the facility to
Report: Four Dead in Explosion on Tanker in STX Yard
Four people have lost their lives in an explosion at an STX Offshore & Shipbuilding yard in South Korea, Yonhap News Agency cited the national fire agency. The incident occurred on an oil tanker under construction at the yard in Changwon, South Gyeongsang Province around 11:30 am local time on Augus
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 14 – August 20). BP Trinidad and Tobago (BPTT) announced first gas from the Juniper development, the fifth of BP’s seven upstream major project start-ups planned for 2017. The project is expect