South & Central Asia
ICTSI’s Gains Increase with More Volumes
Manila-based International Container Terminal Services, Inc. (ICTSI) has reported a rise in its earnings, as well as an increase in volumes in the first half of the year. The company said that net income attributable to equity holders was at USD 103.6 million, up 19 percent from the USD 87.3 million
IRClass Gets USCG’s Nod to Conduct Ship Surveys
Classification society Indian Register of Shipping (IRClass) has received approval to undertake statutory surveys and certification for US and the EU. IRClass gained recognitions from US Coast Guard as well as European Union close on the heels of its accreditation for EU MRV services from RvA, an EU
BIMCO: More US Coal Exports to Aid Dry Bulk Market
US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row, according to BIMCO. The increase is driven by a growing demand from European importers. East Asian buyers have also ramped up their import of US coal, which is beneficial for th
Westwood: New Trade Routes to Drive Demand for LNG Carriers?
The growth of liquefied natural gas (LNG) carriers over the past decade has been synonymous with the growth in global LNG import and export capacity. However, in recent years the increase in LNG cargoes hitting the market has led to an oversupply problem, causing a significant decline in LNG spot pr
Introducing Dredging Today Conference Speaker Maurice De Kok
Dredging Today Conference (DTC) proudly confirms Maurice De Kok, Business Development Manager at Van Oord, as speaker during the event. Mr. De Kok will take part in the session named ‘Which current trends are your best friends?’. DTC, set to take place on 9 and 10 October 2017 at Amsterdam RAI, will
Drewry: Oversupply to Put More Pressure on Chemical Shipping Rates
The shipping fleet trading in chemical and vegoil markets is set to accelerate at a much faster pace than demand, weakening earning prospects, shipping consultancy Drewry said. Tonne-mile demand is expected to grow at 2.9% in 2017, and the fleet trading in chemicals/vegoils will expand by 9.5% by th
Shelf takes Nusantara DSV on two-year charter
Miclyn Express Offshore (MEO) has secured work for its Indonesian-flagged Nusantara dive support vessel. The vessel will be on a two-year charters, plus extension options, with Shelf Subsea. Shelf plans to use the DSV to provide integrated Diving and ROV services to clients across Asia Pacific. “We
Puducherry Beach Restoration Project Progresses
The Ministry of Earth Sciences, National Institute of Ocean Technology and Puducherry Government have just released the latest video about the Puducherry Beach Restoration Project. Since the construction of the Puducherry harbor in 1989, 8 kilometers of beach has disappeared and 30 kilometers of Pud
Video: Teekay’s Tangguh Hiri LNG carrier undergoes drydocking
Teekay LNG’s 2008-built LNG carrier Tangguh Hiri has undergone a 17-day makeover when it went in for drydocking in Singapore.
Navios Containers Wraps Up Rickmers Fleet Acquisition
The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four containerships previously owned by Rickmers Maritime, completing the takeover of the entire 14-vessel fleet. As informed, Navios Containers acquired the 14 boxships for a total pur
SeaIntel: Carriers to Pursue Increased Market Share?
The continuing delivery of containerships could affect the competitive dynamics, forcing some carriers to pursue increased market share, SeaIntel Maritime Analysis informed. The delivery of ultra-large tonnage will force especially COSCO and Evergreen to attempt to grow their market share significan
MH370 Search Back On?
The underwater search for the missing Malaysia Airlines flight MH370 could continue as the US-based seabed exploration specialist reportedly offered to take another stab at the likely search area. The two-year search was suspended in January this year after it failed to find the MH370 flight that va