South & Central Asia
Gibson: To LNG or Not to LNG?
The current orderbook for dual-fuel vessels shows some considerable growth in shipowners’ investment in LNG-powered vessels, Gibson Shipbrokers says in its weekly tanker market report. Some significant orders have been Sovcomflot’s 4 ice class Aframax tankers and AET’s order of 4 Aframaxes in additi
Eimskip, Royal Arctic Line Opt for Deltamarin Design
Finland’s ship designer Deltamarin has secured first contracts for its 2,150 TEU container vessel design from Icelandic Eimskip Ltd and Greenland-based Royal Arctic Line A/S, the company said. The duo has ordered three container ships in total and they will be built at the Guangzhou Wenchong Shipyar
Hyundai Mipo Wins Order for Ro-Ro Duo
South Korean shipbuilder Hyundai Mipo Dockyard has received an order to contruct two Ro-Ro vessels from an undisclosed European shipowner. The new vessels, which were ordered under a KRW 133.9 billion (USD 119 million) worth contract, are scheduled for delivery by the end of 2019, the company inform
Primeline closes Zhejiang Gas and COSL disputes
Primeline Energy has now completed all the procedures under the recently agreed settlement agreements relating to the disputes with Zhejiang Gas and China Oilfield Service Ltd (COSL). As previously announced on March 1, settlement agreements were signed between Primeline and CNOOC China Ltd (CCL) an
Transocean Maritime Linked to Bulker Duo Order
Monaco-based shipowning company specializing in bulk carriers Transocean Maritime Agencies has ordered two Panamax bulk carriers at China’s Jingling Shipyard Jiangsu, data from VesselsValue shows. As indicated, the 82,000 dwt newbuildings are priced at USD 24 million each. The first ship from the ba
BW LPG Hit by Depressed LPG Spot Rates
Affected by depressed liquefied petroleum gas (LPG) spot rates, Singapore’s gas carrier owner BW LPG has seen its profit plunge to USD 8 million in the first quarter of 2017. The company’s profit after tax fell from USD 59.9 million reported in the same period a year earlier, while its Time Charter
PT.OSI Executes Phase 2 of ONWJ Contract
PT. Offshore Services Indonesia (OSI) said it has completed the second phase of its Offshore North West Java (ONWJ) contract. The second campaign was part of the 3-year technical services contract in relation to provision of DSV and associated saturation diving services for state oil & gas company P
Clarksons: Further OPEC Cuts to Influence Tanker Demand?
Extension of oil production cuts until March 2018 could affect tanker demand, either via lower crude and product exports, or lesser import demand if high prices moderate demand growth. Global oil prices were buoyed in the fourth quarter of 2016 by OPEC’s decision to cut production. At their recent m
Drewry: Container Carriers Heading to Profit
The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry said that the industry would make an operating
Top news, May 22 – 28, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from May 22 – 28, 2017.
Readers’ Picks of the Week (May 22-26, 2017)
Readers’ Picks of the Week (May 22-26, 2017)
Top news of the week May 22-27
Quartet performs first LNG STS transfer in Philippines Koch Supply & Trading (KS&T) completed the first ship-to-ship (STS) LNG transfer with private Chinese company JOVO and Malaysian shipowner MISC. Nakilat takes over management of 8th LNG tanker from Shell Qatari LNG shipping giant Nakilat has tak