South & Central Asia
Japan Trio’s JV to Be Named Ocean Network Express
Japan’s big three container shipping companies informed that their new joint venture (JV) will operate under the tradename “Ocean Network Express”. Establishment of a holding company between Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK Line) is cu
Oshima’s Tween Deck Design Gets DNV GL AiP
Classification society DNV GL has awarded an Approval in Principle (AiP) to Oshima Shipbuilding’s new tween deck solution. The parties presented the 65,000 open-hatch general cargo carrier design at Nor-Shipping conference and exhibition in Oslo, Norway. The design concept was developed by both comp
Marubeni joins coalition advocating LNG as fuel
SEALNG, the industry coalition promoting the adoption of LNG as a marine fuel has been joined by Japan-based Marubeni.
SEALNG Bolsters Coalition with New Member
The multi-sector industry coalition SEALNG has further strengthened its membership with the addition of Japan-based Marubeni. With the new member, the SEALNG coalition bolsters its efforts to drive forward the widespread adoption of liquefied natural gas (LNG) as a marine fuel, and to progress its v
Wind up hearing adjourned for Emas Offshore unit
A wind up hearing against Emas Offshore’s subsidiary, Lewek Champion Shipping, related to debts for the charter of the Lewek Champion vessel has been adjourned for July. The owner of the Lewek Champion pipelay construction vessel, Hai Jiang 1401, filed an application with the High Court of Singapore
Sumitomo companies switch from coal to LNG for power generation
Members of the Japanese Sumitomo Group, Sumitomo Chemical and Sumitomo Metal Mining, intend on scaling down on use of coal and move to liquefied natural gas for power production.
Fincantieri to Develop Cruise Ship Park in China
Italian shipbuilder Fincantieri signed a letter of intent (LOI) with China State Shipbuilding Corporation (CSSC) and Shanghai’s district of Baoshan aimed at creating a cruise ship industrial park. Under the deal signed on May 31, the three parties will engage in the creation of a hub, mainly dedicat
Alphaliner: Global Port Volume Growth Revised to 4.6 Pct
Driven by strong volume growth recorded across key container ports in the first quarter of 2017, the full year global port throughput growth was revised to 4.6%, compared to earlier projections of only 2%-3%. Based on Alphaliner’s survey of over 150 ports around the world, global container port thro
Sevan Drilling still stalling Chinese rig delivery decision
Offshore drilling contractor Sevan Drilling needs more time to decide whether to further postpone the delivery of its Sevan Developer rig built in China. Sevan ordered the cylindrical rig from Chinese shipbuilder Cosco in 2011. The rig was originally scheduled for delivery in the third quarter of 20
Charter contracts for Alam Maritim anchor handling trio
Malaysian marine services provider Alam Maritim has been awarded charter contracts for three anchor handling tug & supply (AHTS) vessels. According to a Wednesday Bursa Malaysia filing by its parent company, Alam Maritim Resources, the charters are with unnamed “reputable oil and gas companies.” The
Kyklades Maritime Sells 5-Year-Old Aframax
Greece-based shipowner Kyklades Maritime has reached an agreement to sell its Aframax tanker Nissos Santorini to Singapore’s Eastern Pacific Shipping. Under the deal, signed on May 30, the 115,700 dwt tanker is being sold for a price of USD 30.3 million, slightly over its market value of USD 29.7 mi
Framo scores marine pumping systems deal for Höegh LNG’s FSRU
Norwegian marine pumping systems specialist, Framo, an Alfa Laval company, signed a contract with Höegh LNG for the delivery of pumping systems to their new floating storage regasification unit (FSRU).