South & Central Asia
Euronav’s Tanker Runs Aground, Crew Safe
Euronav’s crude oil tanker M/T Alex ran aground on Wednesday, April 12th on a soft mud bottom while sailing between Borneo and Sumatra on its way to Ningbo, China. According to the ship’s managers, Euronav Ship Management, the 299,446 DWT vessel was laden when it got grounded. “No injuries or pollut
Operator: Stellar Cosmo Not Heading for Repairs
Polaris Shipping’s Very Large Ore Carrier (VLOC) Stellar Cosmo has not broken down and is not heading for repairs to Cape Town, as disclosed to World Maritime News. Holman Fenwick Willan Singapore LLP, speaking on the authority of the ship’s operator, said that the reports indicating that the ship w
Extreme conditions analysis tool for WECs gets update
The WEC Design Response Toolbox (WDRT) for extreme response and fatigue modeling and analysis received an update to its environmental characterization model.
Survey: Carriers’ Service Rated as Poor to Average
The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey conducted by Drewry and the European Shippers’ Council (ESC). Several hundred of exporters, importers and freight forwarders from all over the world were contacte
PDZ’s Second Vessel Arrested for Unpaid Bunker Claims
Malysia’s PDZ Holdings Bhd has had its second feeder arrested amid unpaid bunker bills. The 1997-built PDZ Maju was served with a warrant of arrest on 21 February 2017 by Continental Platform Sdn Bhd (CPSB) based on a claim worth RM 563,311 (USD 127,662) for unpaid supply of bunkers in December 2016
OFE: A Glimmer of Hope for Asian Tanker Market
Already at the start of the second quarter of 2017 Asia’s crude tanker market finds itself flooded with a flurry of newbuilds that hit the water over the last quarter, according to a report from Ocean Freight Exchange (OFE). New tonnage delivered hit 15 million dwt in the first quarter and is expect
Swissco selling anchor handler to reduce debt. Seeks to avoid shareholder vote
Singapore’s debt-laden offshore vessel owner Swissco is set to sell its anchor handling vessel the Coral Knight. The company, currently managed by Interim Judicial Managers, said on Thursday it had agreed to sell the vessel to Australian Maritime Systems Asset holdings. The vessel, built in 2014, is
KBR scores Chevron contract
Houston-based LNG engineer KBR has signed a deal with Chevron to provide services for the energy giant in multiple global locations. Under the ten-year master contract, KBR’s engineering offices in various global locations could provide Chevron with engineering and procurement services across all ph
First Royal IHC Dredging Seminar in Indonesia
The first Royal IHC Dredging Seminar in Indonesia was well attended and received high rating from the participants, according to the company announcement. The seminar took place in Jakarta, 12 April 2017, showing IHC’s commitment to the Indonesian market and its desire to strengthen and support the
India to Develop Its First Modern Inland Waterway
The World Bank will support India with a $375 million loan in their plans to develop its first modern inland water transport fairway on a 1,360 km-stretch of the Ganga River between Varanasi and the seaport of Haldia. The World Bank’s Board yesterday approved this loan loan to help the Inland Waterw
Singapore opens LNG truck loading station
Singapore LNG Corporation and the Maritime and Port Authority of Singapore launched the LNG truck loading facility at the SLNG terminal on Jurong island.
LR Awards AiP to Natural Gas Operating Fleet Concept
Finland’s technology group Wärtsilä and COSCO Shipping Heavy Industry Co (CHI) have joined forces in the development of a natural gas operating fleet concept, a design which has now received Lloyd’s Register’s (LR) Approval in Principle (AiP) certificate. The development project was carried out unde