South & Central Asia
Pirates Board Tanker off Malaysia, Steal Diesel Oil
Armed pirates attacked a tanker off Malaysia on June 23, stealing the ship’s diesel cargo, the IMB piracy reporting center informed. The attack occurred some 33 nautical miles northeast of Kuantan while the tanker was en route from Singapore to Songkhla, Thailand. After approaching in a speed boat,
Report: USS Fitzgerald Failed to Respond to Warning Signals before Collision?
USS Fitzgerald, a US Navy warship which collided with the Philippine-flagged containership ACX Crystal in Japanese waters on June 17, did not respond to warning signals and change the course moments before the incident, Reuters said, referring to a report from the boxship’s captain. The warship coll
JP Morgan Tied to Bulker Purchase
JP Morgan Global Maritime is said to have set sights on buying the 2012-built Supramax bulk carrier Ocean Symphony. The company allegedly entered into a sub-sale agreement with Japan-based United Ocean Group, according to information provided by VesselsValue. Once the transaction is completed, the 5
Ultra Deep Solutions Receives DSCV Lichtenstein
Shipbuilding company China Merchants Heavy Industries (CMHI) has officially delivered the diving support construction vessel (DSCV) Lichtenstein to Singapore-based Ultra Deep Solutions. The 120.8 meters long Lichtenstein is equipped with JFD LEXMAR built 18 man twin bell saturation system for depth
Report: Seadrill lands drillship work with Petronas
Drilling contractor Seadrill has reportedly been awarded a contract with Malaysian oil giant Petronas for the West Capella ultra-deepwater drillship. According to data from VesselsValue, Petronas hired Seadrill’s drillship for a three-month contract starting October 1 until December 31, 2017. No det
Wan Hai Boosts China-Vietnam-Thailand Links
Taiwan’s shipping company Wan Hai Lines revealed plans to expand the service network on China-Vietnam-Thailand corridors in July by restructuring China-Vietnam-Thailand (CVT service). The company also intends to cooperate with COSCO Container Lines on a new joint N.PRC-Thailand service (CT1) and sec
Global Maritime names manager for Indonesia
Offshore marine services provider Global Maritime has appointed Oliver Stettner as Country Manager for Indonesia.
Gibson: MR Segment Sees Positive Developments
Although the overall performance in the product tanker market remains disappointing, some positive dynamics have been seen in the MR segment, according to a report from Gibson Shipbrokers. MRs have fared somewhat better than larger product carriers in recent months despite the continued weakness in
JFD, Vanguard on Track with ‘Safety-Advanced’ SPHL Project
JFD, the subsea operations and manufacturing company and part of James Fisher and Sons, nears completion of two newly designed self-propelled hyperbaric lifeboats (SPHL), developed in partnership with Composite Engineering. In February 2016, JFD won a multi-million pound contract to design and manuf
Drewry: Multipurpose Prospects Continue to Strengthen
Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, shipping consultancy Drewry informed. This year started out well with most demand drivers for the breakbulk sector strengthening fr
BIMCO: Ordering Ramping Up in H1 Is Not What Industry Needs
The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017, BIMCO’s figures […]
Cheniere Kicks Off Sabine Pass LNG Supply to Kogas
Cheniere Energy has marked the start of its 20-year Sales and Purchase Agreement (SPA) to supply U.S.-sourced LNG to Korea Gas Corporation (KOGAS) from the Sabine Pass Liquefaction facility in Louisiana. The SPA, which was originally signed in January of 2012, officially commenced on June 1, 2017, w