South & Central Asia
APL Enhances China-Indonesia Coverage
Singapore-based container shipping company APL, part of French CMA CGM, is launching the China Southeast Asia Service 6 (CS6), a new weekly service connecting North and Central China with Indonesia. The company said that the new CS6 service complements its China-Southeast Asia Service 1 (CS1) that s
Report: Havila sheds anchor handler as part of restructuring plan
Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH
OSM, Ventis to Jointly Provide Crew for K Line’s LNG Fleet
Ship management company OSM Crew Management has signed a joint venture agreement with crewing agency Ventis to provide Filipino crew for K Line’s entire LNG fleet. The memorandum of understanding (MOU) for establishing the JV was inked at a meeting in Manila on April 18. “This development cements th
VIDEO: Launch of Adani’s First IHC Beagle 8 Hopper Dredger
Royal IHC has released a video showing the construction and launch ceremony of the 8,000m³ TSHD SHANTI SAGAR 17. The new trailing suction hopper dredger – built for Adani Group- was lunched at IHC’s shipyard in Krimpen aan den IJssel, the Netherlands, on 31 March 2017. This is the first of two Beagl
ICTSI Welcomes KTP Service’s First Boxship
The first container vessel in the new South Korea-Taiwan-Philippines (KTP) service has arrived at the International Container Terminal Services, Inc. (ICTSI)-operated Subic Bay Freeport container terminals, signaling the start of the new Intra-Asian trade route. New container terminals 1 and 2 servi
BIMCO: Tanker Freight Rates Continue Dropping
Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued their decline following the brief lift at year-end, according to international shipping association BIMCO. Although average earnings stood at USD 18,853 per day by April 7, 2017, down f
Yang Ming Halts Share Trading
Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has voluntarily suspended the trading of its stock on the Taiwan Stock Exchange from April 20 to May 3, 2017. The suspension is a “standard procedure” amid the company’s recapitalization plan announced earlier this year, a
GasLog’s LNG newbuild floated out
Monaco-based LNG shipper GasLog on Monday said it’s latest newbuild has been floated out at the South Korean shipyard, Hyundai Heavy Industries.
China to Build Four More Vessels for Thun Tankers
Dutch coastal shipping company Thun Tankers, part of the Gothia Tanker Alliance, has contracted four 17,500 dwt IMO II product/chemical tankers to be built at China’s Avic Dingheng Shipbuilding. The vessels are expected to be delivered between April 2019 and January 2020. Furetank Rederi AB, Thun Ta
Smart Ships Are Coming!
In a time dominated by smart technology and automation being applied across the board, from industrial production to our homes and smart phones, we are witnessing an advancement of this technology in the marine sector as well aimed at making even ships autonomous. World Maritime News spoke with Oska
Metrostar Orders Aframax Tanker Duo from Daehan
Greek shipping company Metrostar Management Corporation has reached a shipbuilding agreement with South Korean Daehan Shipbuilding, according to data provided by VesselsValue. Under the contract signed between the parties on April 19, the shipbuilder will construct two Aframax tankers and deliver th
Chevron working to reach $10B in asset sales as it unloads Bangladesh fields
After months of talks, U.S. oil major Chevron has made an agreement to sell its assets in Bangladesh. To remind, Chevron in October last year confirmed to Offshore Energy Today it had been in commercial discussions about its interest in Bangladesh. At the time, the company’s spokesperson told Offsho