South & Central Asia
Qatargas delivers commissioning cargo to Yuedong LNG terminal
Qatargas said it has delivered the commissioning cargo of liquefied natural gas (LNG) to China National Oil Corporation’s (CNOOC) Yuedong LNG terminal.
Courage Marine Faces Delisting if It Sells Final Ship
Hong Kong-based bulk carrier owner and operator Courage Marine Group could be delisted from the Hong Kong Stock Exchange if the company sells its final vessel. Namely, the company received a letter from the Hong Kong Stock Exchange after trading hours on April 28, 2017 in which it said that “upon co
TMC wins compressors supply contract for Höegh LNG’s FSRU
TMC Compressors (TMC) was selected to provide the marine compressed air system for a floating storage and regasification unit (FSRU) Hyundai Heavy Industries is currently building for Höegh LNG.
Gardline and Lion Energy in Myanmar Pact
Gardline has appointed Lion Energy (also known as Kaythayarzar Swanin) as its sole commercial agent in Myanmar. Lion Energy is a consulting practice in Myanmar, specialising in energy and information technology advice. The company will represent Gardline for its entire range of services from environ
Singapore to Be LNG Bunker-Ready as Early as 2020
Singapore is on the path to become liquefied natural gas (LNG) bunker-ready in line with the International Maritime Organisation’s (IMO) decision to limit global sulphur emissions to 0.5% from 2020. Speaking at Pavilion Energy’s Liquefied Natural Gas (LNG) bunkering launch ceremony, Koh Poh Koon, se
Spotted: Santos Express Joins Hapag-Lloyd’s Fleet
In today’s spotted, we bring you an image of Santos Express, a Neopanamax containership which was recently delivered to German shipping company Hapag-Lloyd from South Korean Hyundai Samho Heavy Industries shipyard. The 10,500 TEU boxship will soon be ready to ship cargo between Europe and South Amer
Drewry: Dry Bulk Shipping Market to Stay on Growth Path
The outlook for dry bulk shipping remains positive as the gap between supply and demand is set to continue shrinking over the next five years, while charter rates are expected to improve gradually, shipping consultancy Drewry informed. With high demolition activity and low deliveries the fleet would
COSCO Shipping Bounces Back to Profit
Shanghai-listed COSCO Shipping Holdings Co, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has returned to profit in the first quarter of 2017, driven by a recovery in the container shipping market. The company posted a net profit of CNY 270 million (USD 39.1 million) for the q
OBP: Nearly 2,000 Seafarers Affected by Piracy in West Africa in 2016
There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) program shows. Last year’s rise in piracy and armed robbery at sea in West Africa saw a recorded 95 incidents overall,
New Alliances to Moderately Impact Westports’ Volume Growth
The restructuring of the shipping alliances is expected to bring modest container volume growth to Malaysian port operator Westports Holdings Bhd, the Star reported, citing Ruben Emir Gnanalingam, the group’s CEO, as saying. “The industry will go through a recalibration process as the shipping lines
Samsung Heavy Clinches Order for Crude Carrier Quartet
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has received orders to construct four crude carriers, the company said in a stock exchange filing. Under the agreement, signed with an undisclosed Asian shipowner, the shipbuilder is expected to deliver the vessels by July 2019. Samsung Heavy
McQuilling: Ten VLCCs Set to Exit Trading Fleet in 2017
With demolition values on the rise and impending environmental regulations that will require costly upgrades to existing vessels, the very large crude carrier (VLCC) sector is set to see an accelerated scrapping program begin this year. The scrapping spree is expected to persist throughout the next