South & Central Asia
Normand Baltic Gears for Vietnam Campaign
The dive support vessel Normand Baltic, currently on charter with DCN Diving, is set to depart Loyang Offshore supply base in Singapore for Lan Tay field 370 kilometers offshore Vietnam. DCN Diving took the vessel on a long-term charter from Solstad Offshore in October last year for subsea duties of
DSME says unaffected by court ruling on LNG technology
Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea said that despite the recent Supreme Court ruling over LNG boil-off technology it maintains the technological advantage over its compatriots.
New Forestal Gaia Enters Service
Tokyo-based Kawasaki Kisen Kaisha (“K” Line) took delivery of Forestal Gaia woodchip carrier from Tsuneishi Shipbuilding on May 24, 2017. Forestal Gaia is in a dedicated service to Nippon Paper Industries for carrying woodchips for paper materials. The vessel sailed on the same day for Dung Quat Por
KBR sets up Malaysian joint venture
U.S.-based KBR has signed a joint venture agreement with engineering solutions provider BIV Builders for a long-term joint venture based in Kuala Lumpur, Malaysia. The joint venture will be known as KBIV. KBR’s experience and differentiated professional services and project delivery, coupled with BI
Stolt-Nielsen Orders 2+3 LNG Carriers at Keppel Singmarine
Singapore-based Keppel Singmarine has secured a contract worth a total of SGD 103 million (USD 74.2 million) to build two small-scale LNG carrier vessels for Stolt-Nielsen Gas B.V., a subsidiary of Stolt-Nielsen Limited. As part of the contract, Keppel Singmarine has also secured options to build an
New Shuttle Service to Combat Congestion in Shanghai
Logistics company Kuehne + Nagel signed a strategic cooperation agreement with Jiangsu Taicang Port Authority and Shanghai Port Authority Zhenghe Terminal to provide a sea link between the Shanghai and Taicang ports. Under the agreement, Kuehne + Nagel will cooperate with both port authorities to su
Unique Group Delivers Dive System to Asian Client
Unique Group’s Diving & Life Support division has delivered a Zone 2 rated classed surface nitrox dive system to FSDS Diving Services, the Asian based subsea service provider. The system comprises an 1800 decompression chamber, a dive control and client area, a machinery and a gas storage space, eac
Jobs in renewables grow to almost 10 million
More than 9.8 million people were employed in the renewable energy sector in 2016, according to a new report from the International Renewable Energy Agency (IRENA).
Clarksons: Global Cargo Fleet’s OPEX Passes USD 100 Bn
Global ship operating expenses (OPEX) for the world’s cargo fleet have now breached USD 100 billion mark for the first time, up from USD 98 billion last year and USD 83 billion in 2008, maritime intelligence provider Clarksons Research said. Crew wages remain to be the largest constituent in the tot
ICC: USD 1.6 Trn Gap in Global Trade Finance
There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said citing recent studies, urging for an urgent UN-led review of the trade financing gap. As disclosed, the gap has grown since the peak of the 2009 financial crisis—with the biggest gaps pr
Five Die in RoPax Ferry Fire off Indonesia
Five people died in a fire on board Mutiara Sentosa I Ro-Pax ferry on Friday, May 19 while the Indonesian-flagged ship was underway in Masalembo waters of East Java. A total of 192 survivors have been rescued by the National Search and Rescue Agency of the Republic of Indonesia. After two days of se
Impairments drag Vallianz into red
Singapore’s Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions, recorded a net loss during FY2017 due to impairment charges. Vallianz on Monday reported its financial results for the 15 months ended March 31, 2017 (FY2017). The company’s financial year-end has