South & Central Asia
TMC delivers compressor system for Catcher FPSO
Compressor supplier Tamrotor Marine Compressors (TMC) has delivered a marine compressed air system to BW Offshore’s Catcher FPSO being built in Singapore. TMC said on Thursday that it supplied a complete compressed air system consisting of three 185 kW instrument and service air compressors and two
Drewry: No Significant Recovery for Multipurpose Shipping before 2018
Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten years, with momentum expected to build over the next few years, Drewry’s latest Multipurpose Shipping Market Annual Review and Forecast 2017 says. Dry cargo demand is forecast to grow by
Yang Ming Posts Almost Doubled Loss in 2016
Taiwanese shipping company Yang Ming Transportation Corporation (Yang Ming) widened its net loss in 2016, reaching TWD 14.9 billion (USD 493 million) when compared to a net loss of TWD 7.7 billion (USD 258 million) seen in 2015. Total operating revenue decreased to TWD 115.4 billion in 2016 from TWD
Epic Gas Adds Final LPG Newbuilding
Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of the 11,000 cbm LPG carrier Epic Salina. The final vessel in a series of eight pressurised LPG newbuildings, constructed by Japanese shipbuilder Kyokuyo Shipyard, joined Epic Gas’ fleet on March 29. In Janua
Coalition advocating LNG as fuel joined by three new members
SEALNG, the industry coalition promoting the adoption of LNG as a marine fuel has been joined by three new members JAX LNG, Petronet LNG and Toyota Tsusho Corporation (TTC).
JX Nippon Oil & Energy, Hokkaido Gas in Kushiro LNG terminal deal
JX Nippon Oil & Energy is to join forces with Japanese utility Hokkaido Gas to provide liquefied natural gas (LNG) in Japan’s northernmost main island of Hokkaido. Under the deal, JX Nippon Oil & Energy, a unit of JX Holdings, will allow Hokkaido Gas to use its Kushiro LNG satellite terminal. “Throu
Oil rises on Libyan supply disruptions, likely OPEC output cut extension
By Henning Gloystein SINGAPORE (Reuters) – Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. Front-month Brent crude futures <LCOc1>, the intern
Alphaliner: SM Line to Enter the Market with Six Services
South Korea’s newly established SM Line is making a bold entry into the container shipping trades with an initial suite of six services covering the North East Asia – South East Asia, Far East – India and Transpacific routes, Alphaliner informed. The company, which was incorporated on December 15, 2
Nine Missing after Ship Sinks off Vietnam
Nine seafarers remain missing after their general cargo vessel Hai Thanh 26 BIDV sank some 44 nautical mile off the coast of Vung Tau, according to Vietnam’s Ministry of Transportation. The 3,074 dwt vessel sank in the early morning hours on March 28 following a collision with another ship. At the t
First 20,000 TEU LNG-ready containership delivered to MOL
Mitsui O.S.K. Lines said it has taken delivery of the world’s largest containership, MOL Triumph, from Samsung Heavy Industries earlier this week.
Atlantis bags turbine supply deal for Indonesian tidal energy project
Atlantis has signed a Preferred Supplier Agreement with SBS for the supply of turbines, engineering services and equipment for a 150MW tidal stream array in Lombok, Indonesia.
Interim chief financial officer leaves Ezra after 14-month run
Interim chief financial officer (CFO) of Singapore’s Ezra Holdings, Chan Eng Yew, has decided to resign from his role effective March 28, 2017. Ezra said on Monday that Chan would resign from the company after a 14-month run as the Interim CFO. His decision to resign comes only days after the Singap