South & Central Asia
Tanker Chemroad Journey Refloated off Vietnam
The 2009-built chemical tanker Chemroad Journey was refloated after being stranded off the coast of Vietnam for over three weeks. The owner of the vessel, Japan-based shipping company Iino Kaiun Kaisha, confirmed that there were no injuries or pollution reported following the grounding incident, whi
World’s 1st Converted FLNG Vessel Named
Keppel Shipyard, Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, hosted a naming ceremony on July 2 for the world’s first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG. The vessel was named Hilli Episeyo and is abo
Yinson FPSO to stay on Lam Son field
PTSC Asia Pacific (PTSC AP) has accepted an offer to continue deploying the FPSO PTSC Lam Son on the Lam Son field offshore Vietnam. PTSC AP is a joint venture company owned by Yinson Holdings and PetroVietnam Technical Services Corporation (PTSC) each holding 49% and 51% interest in it, respectivel
iContainers: Industry Unprepared for Cyber Attacks
The ocean freight and freight forwarding industries are ‘ill-prepared’ for cyber attacks, online freight forwarding company iContainers has warned. In the wake of last week’s ransomware virus attack on Maersk, iContainers reported being left temporarily limited in terms of taking bookings and managi
Demolition: Time to Take The Bitter Pill
Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand. Freight rates have experienced a solid rebound from the 201
Spotlight on Myanmar’s Port Development Plans
Jason Chiang, Director of Ocean Shipping Consultants, a company of Royal HaskoningDHV, will be discussing the topic of Myanmar’s port development at the 15th ASEAN Ports & Shipping Conference 2017, taking place for the first time in Yangon, Myanmar from 6-7 July. Mr. Chiang will be talking at the ev
Drewry: Freight Rates Bounce Back from 2016 Levels
This year is one of huge correction after a disastrous 2016 for rates, buoyed at the same time by better supply and demand fundamentals, according to shipping consultancy Drewry. Global spot market freight rates were more than one-third higher in the first half of 2017 with big increases across most
Korean Register to Survey, Class Bangladeshi-Flagged Ships
Classification society Korean Register (KR) has signed an agreement with the Government of Bangladesh to deliver services on behalf of the Bangladeshi flag administration. Under the agreement, KR will conduct vessel surveys and audits and issue certificates to Bangladeshi-flagged ships for complianc
Japanese Trio Says All Needed Approvals Secured
Japan’s shipping majors Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha (K Line) have missed the establishment date for their joint venture company despite claiming to have received all necessary approvals for compliance with local competition laws. Accordin
Keppel names Hilli Episeyo FLNG conversion
Keppel Shipyard, Keppel Offshore & Marine’s unit, is set to deliver the converted floating liquefaction vessels (FLNG) to Golar LNG.
Keppel on track to deliver ‘world’s first converted FLNG’ to Golar
Keppel Offshore & Marine’s subsidiary, Keppel Shipyard, will soon deliver what it says is the world’s first converted Floating Liquefaction (FLNG) vessel owned by Golar Hilli Corporation, a subsidiary of Golar LNG. The vessel was named Hilli Episeyo at a ceremony in Keppel Shipyard on Sunday. Upon i
Digitalization: Future’s Cornerstone – But at What Cost?
In the aftermath of the NonPetya cyber attack that hit one of the major industry players A.P. Moller-Maersk, shutting down its terminals across the globe, World Maritime News spoke with DNV GL on the process of digitalization in the industry that seems to be gaining ground. According to Albrecht Gre