South & Central Asia
Report: EU, Japan Raise Concerns over DSME’s Rescue Plan
The European Union and Japan have raised concerns over Daewoo Shipbuilding & Marine Engineering’s (DSME) rescue plan as the shipbuilder secured the necessary approvals for the aid, according to Yonhap News Agency. Namely, the South Korea’s latest restructuring plan for the ailing shipbuilder was app
BIMCO: China’s Iron Ore Import to Boost Dry Bulk Market
Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, according to international shipping association BIMCO. During the first three months of 2017 the industry experienced an accumulated growth
TSHD Mahaa Jarraafu Ready for Sea Trials
Maldives Transport and Contracting Company (MTCC) just moments ago announced that their new Easydredge 3700 trailing suction hopper dredger, the Mahaa Jarraafu is ready for the sea trials. This vessel is the largest in the Easydredge series of standard twin-screw trailing suction hopper dredgers, de
Alphaliner: Vessel Demand Rises with New Alliances
With the launch of the new carrier alliances on the east-west trades on April 1, 2017, the demand for vessels and the final tally of containership tonnage is set to increase by 5% in TEU capacity and by 4% in vessel count compared to March, according to Alphaliner. Compared against the peak season d
Jiangsu Hantong Lays Keel for Nantong WFIV
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has held a keel laying ceremony for a jack-up wind farm installation vessel (WFIV) being built for Nantong Ocean Water Construction.
Euronav Arranges Salvage Ops for Grounded Tanker
Euronav’s crude oil tanker M/T Alex, which ran aground on April 12, could soon be freed as the ship’s managers hired two salvage firms to undertake the ship’s refloating operation. Namely, Euronav Ship Management agreed with SMIT Singapore Pte Ltd. and PT Samudera Indonesia to carry out the salvage
WoodMac: 60 pct of US LNG supplies to land in Europe
Europe is expected to be the number one destination for U.S. liquefied natural gas (LNG) supplies by 2020, consultancy Wood Mackenzie said. Houston-based Cheniere started exports from the Sabine Pass liquefaction plant in Louisiana, currently the only such facility to ship U.S. shale gas overseas, i
CNOOC Ltd. chief executive resigns
CNOOC Limited, China’s crude oil and natural gas producer, has made several changes in its senior management after the resignation of its chief executive officer (CEO). CNOOC said on Tuesday that Yang Hua has resigned as the company’s CEO. Yang, who was also the executive director and the chairman o
CNOOC shuffles management, names new CEO
China’s oil and gas producer and LNG stakeholder, CNOOC made changes to its leadership positions with the appointment of a new CEO.
New Search Areas Assigned for Missing Crew of Stellar Daisy
The Uruguayan Navy has designated new search areas for the missing crew of the ill-fated ship Stellar Daisy having found ship remains that gave different indications about the possible location of the last life raft. The navy said that six ships continued the search for the missing seafarers today a
Report: Aban Offshore lands jack-up contract with Vietsovpetro
Vietsovpetro, a Russian-Vietnamese joint company for oil and gas exploration, has reportedly hired one of Aban Offshore’s jack-up drilling rigs. According to information provided by VesselsValue, Vietsovpetro, a JV company between Zarubezhneft and PetroVietnam, hired the Deep Driller 8 jack-up drill
Alang Demolition Activity Declines by More than 30 Pct in 1Q
Demolition activity at Alang yards in the Indian state of Gujarat decreased by 34 percent from January to March 2017, according to NGO Shipbreaking Platform’s data. During the quarter, only 69 ships were sold to Indian shipbreaking yards, compared to 105 sold in the same period last year, NGO Shipbr