South & Central Asia
Pan Asia LNG carrier completes sea trials (Gallery)
Teekay said its first liquefied natural gas carrier built in China, the Pan Asia, has completed sea trials off the east coast of Shanghai in the East China sea.
Registrations Open for Dredging Today Conference
Maritime & Offshore Media Group Navingo has just announced that the registrations for the first annual Dredging Today Conference are now open. The event will take place on 9 and 10 October 2017 at Amsterdam RAI under the theme ‘Changing Climate, Resilient Business’. The conference is part of Navingo
Carrier Reliability Up in May
Carriers’ overall on-time schedule reliability improved 4.7%, increasing from 58.6% in April 2017 to 63.3% in May 2017, according to the latest data provided by intelligence provider CargoSmart. Regarding schedule reliability by trade, 10 of the 12 trades improved from April 2017 to May 2017. The tr
Report: Ocean Longevity Orders 3 Panamax Bulkers at Oshima, Sasebo
Hong Kong-based shipping company Ocean Longevity has been tied to the order of three Panamax bulk carriers at two Japanese shipyards. Namely, data from VesselsValue shows that the company has placed the order for one 77,000 dwt and one 84,000 dwt bulker at Oshima shipyard. In addition, Ocean Longevi
DNV GL and Goldwind Form Offshore Wind Connection
DNV GL has signed a Memorandum of Understanding (MoU) with China’s Goldwind International to develop a new portfolio asset management platform to support Goldwind’s international offshore and onshore wind market operations.
OOIL Denies Reports on OOCL Sale Talks
Orient Overseas International Ltd (OOIL) has refuted media reports which inform that the company is involved in talks to sell its subsidiary Orient Overseas Container Line (OOCL). OOIL stated that it “is not aware of, nor is it involved in any bid relating to the company or OOCL” with other shipping
Fitch: Capacity Cuts Crucial in Container Shipping Recovery
Despite a modest increase in freight rates seen in 2017, a sustainable recovery in the container shipping market would be possible only by reaching a viable supply-demand balance through capacity cuts, Fitch Ratings said. Container transport volumes outstripped capacity growth in 2016 for the first
Inpex sets up LNG trading unit
Japan’s Inpex moved towards strengthening its liquefied natural gas marketing business by establishing a dedicated LNG trading unit.
Spotted: Teekay’s 1st LNG Carrier Built in China Aces Sea Trials
Pan Asia, the first of four 174,000 cbm Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings to be constructed by Chinese shipbuilder Hudong-Zhonghua Shipbuilding, has completed sea trials off the coast of Shanghai in the East China Sea. The vessels are owned by a joint v
OTE appoints OTEC sustainability advisor
Ocean Thermal Energy Corporation (OTE) has appointed Thomas Kostigen to its advisory board in the role of Senior Sustainability Advisor.
Clarksons: Shipowners Favor VLCCs
With contracting this year only slightly less subdued than in 2016, there has been a welcome influx of activity in the very large crude carrier (VLCC) sector, Clarksons Research informed. In the first five months of 2017, there have been 27 VLCCs of a combined 8.5 million dwt reported ordered. This
ABS grants AIP for Chiyoda’s FSRU, FLNG power plant designs
The American Bureau of Shipping (ABS) granted approval in principle (AIP) for Chiyoda Corporation’s floating LNG power plant and FSRU design concepts.