South & Central Asia
Oldendorff Carriers Converts Bulk Carrier to Transloader
German shipowner and operator Oldendorff Carriers has decided to convert its bulk carrier Tete Oldendorff to a transloader. In February 2017, the 88,266 dwt bulker entered Chengxi Shipyard, part of China State Shipbuilding Corporation (CSSC) in Jiangyin, China, where the conversion will be carried o
Asian LNG buying giants join forces to secure more flexible contracts
Japan’s JERA, the world’s largest corporate liquefied natural gas (LNG) buyer, has signed a deal with South Korea’s Kogas and China’s CNOOC Gas and Power Trading & Marketing to cooperate in the LNG business and to secure more flexible contracts. Under the memorandum of understanding, the trio would
More work on the horizon for drillship Deepsea Metro I
Odfjell Drilling has secured a letter of intent (LOI) with an undisclosed party for a two well contract for the ultra deepwater drillship, Deepsea Metro I. The unit is owned by Golden Close Maritime Corp. Ltd. and managed by Odfjell Drilling. The area of operation is in South-East Asia, Odfjell Dril
South Korea Lifts Sewol Wreck
The South Korean government managed to lift the wreck of the ferry Sewol in the morning hours of March 23 following overnight salvage operations, according to the country’s Ministry of Oceans and Fisheries. The hull of the vessel, which sank three years ago with over 300 people on board, was some 6
Submissions Open for IADC Safety Award 2017
The International Association of Dredging Contractors (IADC) has just announced that submissions for their annual IADC Safety Award are open. The Award seeks to identify the exceptional safety performance of a particular project, product, ship, team or employee. “The Award is open to all companies a
iContainers: New Alliances to ‘Shake Things Up’
New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, online freight forwarder iContainers said. Starting April 1 the previous four alliances will be regrouped to three, namely THE Alliance, Ocean Alliance and 2M. The effect of this new r
Owners Sending Fewer Ships to Scrapyards
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons. This causes new tonnage in the market to generate firm competition between cash buyers. The number of Capesize bulk carriers sold for demolition in the year to date is
Hyundai Heavy orders GTT tech for Knutsen’s LNG newbuild
Gaztransport & Technigaz (GTT), the French maker of LNG containment systems, has been selected by Hyundai Heavy Industries to equip a new LNG carrier with its Mark III Flex containment system.
Alphaliner: Global Box Volumes Prosper in Late 2016
Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global container volumes up by an estimated 1.8% during the year, compared to 1.4% seen in 2015, according to Alphaliner. The fourth quarter of 2016 was saw a particularly strong volume growth o
Eni Names FPU Set for Indonesian Deepwater Wells
Eni has held a naming ceremony of the “Jangkrik” Floating Production Unit (FPU) vessel at Saipem Karimun Yard in Indonesia. The FPU will operate in the Eni-operated Muara Bakau PSC located in the Kutei Basin, in the Makassar Strait offshore for the “Jangkrik Complex Fields”. Ten production deepwater
Japan’s February LNG imports climb almost 5 pct
Liquefied natural gas (LNG) imports into Japan, the world’s largest buyer of the chilled fuel, increased 4.8 percent in February, according to the provisional data released by Japan’s Ministry of Finance. Japan imported 7.79 million mt of LNG in February, as compared to 7.43 million mt in the same m
Alam Maritim bags subsea IMR deal
Malaysian offshore support vessels and subsea services provider Alam Maritim Resources has recently been awarded a contract for the provision of subsea inspection, maintenance and repair (IMR) services by an unnamed oil and gas E&P company. Alam Maritim said on Tuesday that the contract was awarded