South & Central Asia
Essar Shipping Handles 22 Pct More Cargo in 2017
Indian shipping corporation Essar Shipping Ltd (ESL) has reported a strong operational performance with a 22% growth in cargo handling in fiscal year 2016-17. During this period, the company’s fourteen-vessel fleet also grew its capacity utilisation to 94% from 80% seen in the same period a year ear
Lloyd’s Register grants AIP for Wärtsilä and CHI’s LNG fleet concept
Natural gas operating fleet concept jointly developed by Wärtsilä and COSCO shipping Heavy Industry received Lloyd’s Register’s approval in principle (AIP).
IADC: Valuing Variations in Dredging Contracts
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named “Valuing variations in dredging contracts”. The article, written by David Kinlan, explains how variations are essential in dredging contracts and that they have the potential to gener
Handal wins crane maintenance deal with ExxonMobil
Malaysia’s offshore crane specialist Handal Resources has been awarded an offshore crane maintenance and service deal with ExxonMobil. Handal said in a Bursa Malaysia announcement on Thursday that it’s subsidiary Handal Offshore Services entered into a goods and services outline agreement with Exxon
MOL’s 20,000 TEU Behemoth Starts Plying the Oceans
MOL Triumph, the 20,170 TEU boxship owned by Japanese shipping company Mitsui O.S.K. Lines has been brought into service, the company said. Namely, the world’s second largest containership freshly delivered from Samsung Heavy Industries (SHI), arrived at Yangshan Port in Shanghai on April 10, 2017,
India’s Dockworkers Planning Nationwide Strike
India’s labour unions, representing dockworkers employed at major ports, have announced an indefinite nationwide industrial action starting April 19, 2017. The ports that are likely to be affected by the strike are Kolkata, Paradip, Visakhapatnam, Chennai, Tuticorin, Cochin, New Mangalore, Mumbai, J
World’s Largest Boxship Joins Maersk Line’s Fleet
Danish container shipping major Maersk Line has taken delivery of Madrid Maersk, a 20,568 TEU boxship, from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), the shipping company told World Maritime News. The ultra large container vessel (ULCV) has become the largest boxship
Samudera Shipping to Shed Older Indonesian Tonnage
In an effort to improve its asset utilization, the Singapore-based Samudera Shipping Line said that it is planning to dispose of six Indonesia-flagged vessels in its Indonesia domestic shipping fleet. The company informed that the ships in question “are no longer giving economic benefit” due to thei
PHOTO: Meet Maersk Oil’s Culzean-bound FSO Ailsa
Danish oil firm Maersk Oil has shared a photo on its social media channels showing the Culzean-destined Ailsa floating storage and offloading (FSO) vessel currently under construction in Singapore. The company said that almost 600 Maersk Oil staff took part in the naming competition with Ailsa emerg
OPEC over-delivers on oil cuts, but sees rivals’ output rising
By Alex Lawler LONDON (Reuters) – OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. But the Organization of the Petrole
GALLERY: SPT Offshore installs wellhead platform on Ophir field
Dutch contractor SPT Offshore has completed the installation of the wellhead platform on the Ophir oil field offshore Malaysia. SPT said on Wednesday that the installation of the jacket began on April 9 while the boat-landing was lifted on the next day. The topside was lifted and placed on the jacke
Sewol Transferred to Land, Search for Remains to Start
The Sewol wreck has finally been moved into a dry dock at the South Korean Port of Mokpo, the country’s Ministry of Oceans and Fisheries said in a statement. On April 12, the exterior condition of the ship’s hull will be examined, cleaned and disinfected. Following this, safety checks will be carrie