South & Central Asia
Dalian Port Merges Container Terminal Facilities
Dalian Port (PDA) Company Limited revealed that its subsidiary Dalian Container Terminal Company inked deals to acquire the total assets, liabilities, interests, and businesses of two container terminal subsidiaries, Dalian Port Container Terminal (DPCT) and Dalian International Container Terminal (
IADC Introduces Nominations for the Safety Award 2017
The International Association of Dredging Contractors (IADC) has just announced that they are starting with announcing the nominees for the IADC Safety Award. The Award seeks to identify the exceptional safety performance of a particular project, product, ship, team or employee. Launched in 2015, th
South Korean Container Carriers Unite
South Korean container carriers have joined forces to form a cooperation body named Korea Shipping Partnership aimed at strengthening the country’s shipping industry. The move comes amid overall stagnation of the South Korean shipping market which has had its reputation marred following the collapse
G E Shipping to Acquire LR2 Tanker
India-based Great Eastern Shipping (G E Shipping) is continuing with the fleet expansion as it has signed a contract to buy a secondhand LR2 product carrier. G E Shipping has not disclosed the seller of the 105,000 dwt vessel. As informed, the 2009-built tanker is expected to join the company’s flee
Toshiba’s new unit to facilitate US LNG exports
Toshiba America has formed Toshiba America LNG Corporation, a new company with the aim of focusing on the liquefied natural gas (LNG) market.
DSD Shipping Orders MR2 Pair at Hyundai Vinashin
Norway-based shipping company DSD Shipping AS is to expand its fleet with new medium range 2 (MR2) tankers. Namely, the company has ordered two 50,000 dwt vessels at Vietnam-based Hyundai Vinashin shipyard, in addition to two optional vessels of the same size. DSD Shipping will pay USD 32 million fo
ExxonMobil hires Handal for offshore crane services in Malaysia
Malaysian offshore crane services company Handal Offshore Services has been awarded a three-year contract with ExxonMobil in Malaysia. According to a Bursa Malaysia filing on Thursday by Handal’s parent company, Handal Resources, the contract for the provision of onshore overhaul, major repair and r
Two Tankers Arrested in Singapore
Two chemical/product tankers have been detained in Singapore waters, Supreme Court of Singapore’s data shows. The ships in question are the 14,500 dwt Bravely Sincerity and the 9,200 dwt Captain Silver and they were arrested on August 1 and 3, respectively. Bravely Sincerity, previously known as Gol
Impairments Hurt FSL Trust’s Q2 Earnings
Singapore-based First Ship Lease Trust (FSL Trust) posted a net loss of USD 21.8 million in the second quarter of 2017 due to USD 24.1 million of non-cash impairment on eight ships in its fleet. The loss was reported against a USD 7.7 million profit booked for the corresponding quarter in 2016. Reve
Mermaid Scores $5M Work in Singapore
Mermaid Maritime’s Singapore wholly-owned subsidiary has recently been awarded a subsea contract with an estimated value of $5 million. The work is scheduled to start in the third quarter of 2017 and to be completed in the fourth quarter of 2017. The project will involve use of a company-owned ROV s
Torm Is On a Roll
Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two high-specification MR resale vessels. The two 50,000 DWT vessels are currently under construction at the Korean yard Hyundai Mipo and will be delivered to Torm later this quarter, the company said. The
SEA/LNG: More Needs to Be Done to Comply with 2020 Sulfur Cap
The industry needs to redouble its commitment to comply with and enforce the IMO Marpol VI Regulations despite prevailing economic challenges, according to SEALNG, the multi-sector industry coalition promoting adoption of liquefied natural gas (LNG) as a marine fuel. In that context, the coalition h