South & Central Asia
Two Vietnamese Sailors Beheaded by Kidnappers
Two Vietnamese sailors who were kidnapped for ransom in November last year were found dead, the Armed Forces of the Philippines (AFP) informed. The bodies of the two decapitated seafarers, identified as Hoang Thong and Hoang Va Hai, were found in Barangay Tumahubong in Sumisip town on Wednesday, acc
SHI Crane Collapse Delays Total’s Construction Projects
The incident which occurred at the Samsung Heavy Industries (SHI) Geoje yard in South Korea on May 1 has caused delays to the projects under construction at the yard. According to the French oil and gas major Total, in the aftermath of the crane collapse, when six workers lost their lives and over 2
Indian Register of Shipping unveils rules for LNG-fueled vessels
Indian Register of Shipping (IRClass), has released Rules for LNG-fueled coastal and inland vessels in addition to its already established rules for ocean-going ships.
Sentinel Marine launches last in its fleet of nine new ERRVs
Scottish offshore support vessel provider Sentinel Marine has launched the Malin Sentinel vessel, the last in its fleet of new emergency response and rescue vessels (ERRVs), in China. The ERRV has been launched at a shipyard in Cosco and is currently berthed alongside one of the firm’s other vessels
OFE: Asia Tanker Rates to Remain Weak in 3Q
Weak supply side fundamentals as well as a seasonal lull in demand are expected to plague the Asian crude tanker market in the third quarter of 2017, the Ocean Freight Exchange (OFE) informed. A more worrying trend is that, according to BIMCO, very large crude carrier (VLCC) orders between January a
Post-Panamax Bulker Detained in Singapore Waters
The 2010-built bulk carrier Americana, operated by Greece-based Merchant Marine Management, has been arrested in Singapore waters, Supreme Court of Singapore’s data shows. Featuring 91,941 dwt, the bulker was detained in the afternoon hours of June 30, a day after it arrived in the port of Singapore
Royal Haskoning to Explore Deep Sea Port Potential for Myanmar
The topic of Myanmar’s port development will be discussed at the 15th ASEAN Ports & Shipping Conference 2017 taking place in Yangon, Myanmar, from July 6 to 7, Royal HaskoningDHV informed. Jason Chiang, Director of Ocean Shipping Consultants, a company of Royal HaskoningDHV, will be talking on the t
SM Line Eyes Nine More Ships
South Korean shipping company SM Line is keeping busy with fleet expansion plans as it sets sights on adding nine more ships by the end of the year. The intentions were revealed to the local media by company executives, according to which, the new ships will be deployed on the new intra-Asian and tr
Sevan Drilling extends Chinese rig delivery deferral period
Offshore drilling contractor Sevan Drilling has amended the delivery deferral period for the Sevan Developer until June 30, 2020. Sevan ordered the cylindrical rig from Chinese shipbuilder Cosco (Qidong) in 2011. The rig was originally scheduled for delivery in the third quarter of 2014. However, as
Singapore’s SSA Forms Marine Fuels Committee
The Singapore Shipping Association (SSA) is forming a new marine fuels committee in an effort to prepare Singapore’s bunkering sector for the 0.5% global sulphur cap and the rise of LNG as a marine fuel. “Bunkering has always been a very important segment of our industry, and issues relating to bunk
Van Oord Bags Kandla Port Dredging Deal
Van Oord has won a contract to keep the approach channel to the Port of Kandla, India, up to depth for the next three years. The approach channel is a crucial gateway to the port, which is one of the major ports in western India, said Van Oord. The contract was awarded by the Client […]
Korean Bank to Fund Philippines’ New Cebu Port
South Korean bank Korea Eximbank (KEXIM) has granted its approval for a financial injection for the Philippines’ proposed new Cebu International Container Port in Consolacion. The port project cost is estimated to be around PHP 9.19 billion (USD 181.6 million), according to the Philippine News Agenc