South & Central Asia
HHI, SWS in The Race for 22,000 TEU Behemoths
South Korean shipbuilding major Hyundai Heavy Industries (HHI) is competing with the Chinese rival Shanghai Waigaoqiao Shipbuilding (SWS) for the construction of up to nine 22,000 TEU containerships, Asiasis reports. The order for the record-breaking Ultra Large Containership Vessels (ULCV) has been
MMHE net loss deepens
LNG carrier repair specialist Malaysia Marine and Heavy Engineering (MMHE) reported a deeper loss during the second quarter of 2017.
Royal IHC Expert at Dredging Today Conference
The countdown has begun for the first ever Dredging Today Conference that will take place on 9 and 10 October 2017 at Amsterdam RAI Convention Center, under the theme ‘Changing Climate, Resilient Business’. We are pleased to announce that Mr Erik van der Blom, Development and Innovation Manager at R
Control Measures Planned in Xiamen Bay during BRICS Summit
Temporary restrictions are being introduced on the sulfur content of fuel used and the movement of vessels carrying certain types of cargo in Xiamen Bay, China during the BRICS summit in September 2017, Xiamen People’s Government said in a notice. As a result, ships entering the waters of the Port A
Dockers in Indonesia on Strike
Dockers unions in Indonesia are striking and protesting as they want better working conditions, the International Transport Workers’ Federation (ITF) informed. Namely, workers of Serikat Pekerja Jakarta International Container Terminal (SPJICT) will be striking from August 3 to 10 over “ruthless att
WoodMac: Bangladesh’s LNG demand to hit 8 mtpa after 2020
Petrobangla’s deal signed last month with Qatar’s RasGas has marked Bangladesh’s official entrance into the LNG buyers club.
Pacific Basin Spends USD 104.6 Mn on Bulker Quintet
Dry bulk shipping company Pacific Basin Shipping Limited has inked a conditional agreement to acquire five dry bulk vessels worth USD 104.6 million availing of the attractive secondhand prices on the market. The acquisitions relate to two 2014-built Supramaxes worth USD 34 million, a 2014-built Hand
Mermaid lands pipeline repair gig in Singapore
Mermaid Maritime’s Singapore subsidiary has recently been awarded a subsea contract with an estimated value of $5 million. The contract was awarded by an unnamed international upstream oil and gas company. The work is scheduled to start in the third quarter and to be completed in the fourth quarter
‘Early mover’ Petronas increases Mexico footprint
Malaysian oil and gas company Petronas has further increased its footprint in Mexico, and is now set to open a new office in the country to strengthen its commitment to the country’s oil and gas sector. In a recently held licensing round, Petronas has, in partnership with Colombia’s Ecopetrol, been
Drewry: Firm Demand to Drive Recovery in Dry Bulk Shipping
Dry bulk shipping charter rates are expected to continue to recover with firm demand and controlled fleet growth, shipping consultancy Drewry said. In it latest report, Drewry has revised its charter rates forecast in the short term as the date to implement ballast water management systems (BWMS) ha
Report: Navibulgar Orders Four New Bulkers
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) is looking to expand its fleet with four new Handymax bulk carriers. The company has ordered the 42,000 dwt ships at China’s Chengxi shipyard, plus two optional vessels of identical size, VesselsValue’s data shows. Navibulgar will p
Tokyo Gas buys stake in PetroVietnam’s unit PVGas D
Japan’s biggest city gas supplier, Tokyo Gas, acquired a 24.9 percent equity interest in PetroVietnam’s gas distribution company, PVGas D.