South & Central Asia
Rickmers Maritime Trust to Be Wound Up
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, said its business would be wound up, as its efforts to reach an agreement with lenders to restructure existing loans fell through. The trust was given until April 15th by the HSH Syndicate, comprising HSH Nordbank and DBS Bank, to
Taiwan Pinpoints Taichung Port as Offshore Wind Hub
The Port of Taichung has been identified as the optimal port to support offshore wind farm construction works in Taiwan, according to a review carried out by the Executive Yuan and the country’s Ministry of Economic Affairs (MOEA) in coordination with relevant industry representatives.
Taiwan Pinpoints Taichung Port as Offshore Wind Hub
The Port of Taichung has been identified as the optimal port to support offshore wind farm construction works in Taiwan, according to a review carried out by the Executive Yuan and the country’s Ministry of Economic Affairs (MOEA) in coordination with relevant industry representatives.
TSHD Mahaa Jarraafu on Its Way to Maldives
The new Easydredge 3700 trailing suction hopper dredger (TSHD) Mahaa Jarraafu is set to arrive in the Maldives by the end of this month, the Corporate Maldives reports. The $36 million dredger, built by Royal IHC for the Maldives Transport and Contracting Company (MTCC), was launched in January 2017
Clean energy investment fall 17% in Q1 2017
Global clean energy investment in the first quarter of 2017 was down 17% compared to the same period of 2016, according to the latest figures from Bloomberg New Energy Finance (BNEF).
McConnell Dowell wins Tangguh LNG expansion contract
Australian construction company McConnell Dowell has been awarded a job on the BP-operated Tangguh LNG plant expansion project in Indonesia.
Alphaliner: Container Carrier Giants End 2016 in Red
Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded
APL to Add Asia Fremantle Express Service
Singapore-based container shipping company APL, part of French CMA CGM, plans to launch the Asia Fremantle Express (AFX) service, a new weekly service connecting Singapore and Fremantle. The AFX service linking Asia and Australia will start sailing from Singapore on April 27, 2017. To use Singapore
Ooredoo: SEA-ME-WE 5 Set for Start Up
Ooredoo’s Southeast-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable system will be activated this year. Installed at its base station in Qalhat in the Governorate of Ash Sharqiyah South, the 20,000 kilometre cable has been developed as a multi-regional data superhighway that should improv
ICTSI Subic Becomes Part of Evergreen’s KTP Service
The container terminals managed and operated by the Manila-based International Container Terminal Services Inc. (ICTSI) at the Subic Bay Freeport have been included in a new direct service connecting Korea, Taiwan and the Philippines. The Korea-Taiwan-Philippines (KTP) service, launched by Taiwanese
Sandia Labs sets up wave energy webinars
Sandia National Laboratories has scheduled two webinars to be held this month with a focus on wave energy sector development.
Australian CSG to construct wave power plant in Turkey
Australia-based CSG Exploration & Production Services plans to build a 50kW pilot wave energy power plant in Zonguldak Province in the Black Sea region of Turkey.