South & Central Asia
Report: Remains Found on Seabed Belong to Sewol Victim
South Korean authorities have identified a bone found at the Sewol sinking site in early May as belonging to one of the nine still missing persons, according to the country’s Ministry of Oceans and Fisheries. The bone was identified to be from Danwon High School teacher Go Chang-suk, Korea Herald in
Rickmers Maritime Gets a Breather as Noteholder Backs Down from Injunction
Rickmers Maritime seems to have dodged a bullet and can resume with the sale of its boxship fleet to Navios Partners now that the noteholder who filed an injunction against the deal has withdrawn the application. “The plaintiff has on the 17 May 2017 withdrawn his application and discontinued his co
Oceanlinx wave device still awaits removal
The removal of the stranded Oceanlinx wave energy device has not started yet due to delays with Federal Court proceedings, the Australian media report.
Wintermar, lenders in debt deal
Indonesia’s offshore vessel owner PT Wintermar Offshore Marine has agreed with lenders to delay debt payment, citing tough market conditions as the reason. The company running a fleet of 70 offshore vessels said on Tuesday that a number of its subsidiaries has completed loan rescheduling agreements
Kogas’ earnings drop despite rise in sales volume
South Korean Kogas reported a drop in net income despite a slight increase in natural gas sales volume.
AAE-1 Subsea Cable Lands in Cambodia
The Asia Africa Europe-1 (AAE-1) submarine cable system has landed in Cambodia. Optic Marine Offshore and the crew of the cable laying barge ‘Cable Orchestra’ have completed the shore end lay at Sihanoukville, Cambodia. AAE-1 is a 25,000 km system owned by a consortium of 19 global service providers
Fire breaks out at Samsung Heavy’s shipyard
A fire reportedly broke out on Wednesday at Samsung Heavy’s shipyard in Geoje, South Korea. According to a Wednesday report by Yonhap, a South Korean news agency, the blaze started from a cooling installation at 10:07 a.m. and was extinguished around 10:30 a.m. No casualties were reported. The news
Thoresen Shipping Adds Secondhand Supramax
Thoresen Shipping Singapore (TSS), a subsidiary of Thoresen Thai Agencies, has purchased and taken delivery of the secondhand dry bulk vessel Karaweik, which will be renamed Thor Future. Featuring 54,170 dwt, the Supramax was bought for a price of USD 7.9 million. Although the company did not reveal
Protean makes non-exec appointment
Australian clean energy developer Protean Energy has appointed David Wheeler as its Non-Executive Director.
Drewry: Rates for Small LPG Vessels to Strengthen Further
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to shipping consultan
Semco Maritime Wins Culzean Hook-Up Job
Maersk Oil UK has selected Semco Maritime to participate in the installation and preparation (hook-up) of the new gas production field Culzean, which is located 240 kilometres east of the coast of Aberdeen in the UK sector of the North Sea. The contract is the largest ever for Semco Maritime’s Aberd
Report: Fire Erupts at SHI Geoje Yard
A fire erupted at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, on May 17, Yonhap News Agency reports. The fire was brought under control and there were no casualties, Yonhap cited firefighters as saying. The blaze reportedly started in air condition equipment at the shipyard at aro