South & Central Asia
G E Shipping Adds Supramax Bulker
India-based shipping company Great Eastern Shipping (G E Shipping) has taken delivery of Jag Rohan, a secondhand Supramax dry bulk carrier, from Japan’s Kambara Kisen. G E Shipping inked a contract with Kambara Kisen to buy the 52,450 dwt vessel in March 2017. Jag Rohan, previously known as Tenshou
HHIC Philippines Wins Order for Aframax Tanker Duo
Subic-based Hanjin Heavy Industries & Construction – Philippines (HHIC-Phil) has recently inked a newbuilding contract for a pair of 114,000 dwt crude oil tankers amid signs of recovery in the global shipbuilding industries. Featuring 249,9 meters in length and 44 meters in breadth, the tankers woul
VV: Newbuilding Orders Drop in April
Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report released by Vessels Value. When compared to April 2016, newbuilding orders have decreased by 27.6 percent. Out of 21 orders placed in April 2017, five were for bulkers and sixteen for
IMB: 58 Seafarers Kidnapped in Q1, 2017
Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to the latest ICC International Maritime Bureau’s (IMB) piracy report. The global report highlights persisting violence in piracy hotspots off N
Report: Samsung Heavy Wins Four More VLCC Orders?
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for four more very large crude carriers (VLCCs), according to data provided by VesselsValue. This time the order was allegedly placed by Greece-based holding company Capital Maritime and Trading on May 3. The financial det
VIDEO: Statoil’s first Mariner module heads for North Sea
Norwegian oil major Statoil has posted a video on its YouTube channel showing the departure of the first module for the Mariner topside from South Korea. The Mariner module left the DSME yard in South Korea on May 2 onboard the heavy transport vessel Forte. It is now on its way to the Mariner oilfie
Authorities Raid SHI’s Offices Following Crane Incident
South Korean police officials have raided a number of Samsung Heavy Industries’ offices in the aftermath of a crane incident which caused the deaths of six workers at the shipyard’s Geoje facility on May 1, Yonhap News Agency cited relevant authorities. Up to 30 investigators were reportedly sent to
Video: TP Ocean’s take on ocean energy insurance
TP Ocean has released the recording of the recently held webinar that analyzed the current situation and solutions for mainstreaming warranties, guaranties and insurance in ocean energy.
ABS, DSME team up on conceptual FLNG design development
American Bureau of Shipping (ABS) signed an agreement with Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea to support safety in the development of a conceptual FLNG design.
ABS to Help DSME Develop FLNG Design
Classification society ABS has signed an agreement with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) to support safety and apply class guidance to a conceptual floating liquefied natural gas (FLNG) unit. The project is planned to commence at the end of May and last for tw
Ship Finance charters jack-up to Asian NOC
Oslo-listed company Ship Finance International Limited (SFL) has secured a contract for one of its jack-up drilling rigs with an unnamed national oil company in Asia. SFL said on Thursday that the rig in question was the 2007-built drilling rig Soehanah. The jack-up will be employed under a drilling
Pan-United Eyes Demerger of Ports Business
Singapore-based Pan-United Corporation is looking to undertake a demerger of its subsidiary Xinghua Port Holdings, the holding company of the group’s Ports Business. Following the completion of the proposed demerger, Xinghua, formerly known as Pan-United Infrastructure, and its group of subsidiaries