South & Central Asia
Bernhard Schulte Starts Managing 20,146 TEU MOL Tribute
Germany-based company Bernhard Schulte Shipmanagement (BSM) informed that it has taken on the management of the 20,146 TEU MOL Tribute, one of the newest vessels in Mitsui O.S.K. Lines’ (MOL) fleet. As disclosed, the newbuilding was handed over to BSM’s Hong Kong ship management center on July 10, 2
Deltares, KIOST Ink Cooperation Agreement
The South Korean east coast is frequently suffering from erosion which threatens its coastal infrastructure and community, Deltares said in its latest announcement. So far the processes driving the coastal erosion are not well understood and measures such as nourishments, (submerged) breakwaters, gr
Bulacan and Pampanga Form Alliance
Local government officials in the coastal areas of Bulacan and Pampanga, together with various institutions, have formed an alliance that will address flooding and rise of sea levels caused by the ill effects of climate change and global warming, the Philippine News Agency informs. Malolos City Mayo
Samsung Heavy Wins Conditional Deal for Vessel Pair
South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional and is subject to final approval of the ship
Hyundai Vinashin Tied to USD 160 Mn Tanker Deals
Vietnam-based Hyundai-Vinashin Shipyard, a joint venture between Hyundai Heavy Industries and Vietnam Shipbuilding Industry Corporation, has reportedly secured five tanker orders over the past week from three Japanese shipowners. Namely, Fukujin Kisen and Masumoto Shipping are linked to an order for
BV, Ascenz Join Forces in Ship Performance, Monitoring
Classification society Bureau Veritas and Singapore-based Ascenz have signed an agreement to provide ship performance and monitoring solutions to shipowners. As informed, the agreement will enable Bureau Veritas to offer Shipulse, Ascenz’s solution for real time ship performance and monitoring. Ship
COSCO Shipping Energy Transportation Warns of Over 50 Pct Profit Fall
Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between RMB 800-900 million (equivalent to approximate
Innovative Modelling in Coastal Developments by IADC
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named ‘Innovative Modelling: A Tool for Coastal Developments’. There are numerous examples across the globe that attest to environmental damages and detrimental economic consequences that c
Video: Ichthys Venturer FPSO Sails Away
Ichthys Venturer, the INPEX-operated Ichthys LNG Project’ floating production, storage and offloading (FPSO) facility, sailed away on July 18 from waters near its construction site in Okpo, South Korea, en route to Australia. This follows the completion of commissioning and preparation work, accordi
HHI Presents Integrated Smart Ship Solution
South Korea’s shipbuilder Hyundai Heavy Industries (HHI) has developed Integrated Smart Ship Solution (ISSS), its ICT technology capable of realizing economical and reliable navigation and management of ships. ISSS standardizes ways of navigation varying depending on levels of skills and experiences
Video: Ichthys LNG FPSO leaves for Australia
Ichthys Venturer, the floating production, storage and offloading facility for the Ichthys LNG project, sailed away from the Daewoo Shipbuilding & Marine Engineering yard in South Korea en route to Australia.
DSC Dredgers Delivers Three CSDs to Bangladesh
DSC Dredge, a Louisiana based company specialized in production of portable dredgers, recently shipped one of three new 18-inch Shark Class portable cutter suction dredgers to contractors in Bangladesh. The contractors will use the new dredgers to restore navigability to Bangladesh’s critical waterw