South & Central Asia
IADC to Present Ecosystem Services Report in Bali
René Kolman, Secretary General of IADC will be presenting on the topic of “Ecosystem Services” at the 30th IAPH World Ports Conference in Bali, Indonesia. The event will take place on 7- 12 May, 2017 at the Bali Nusa Dua Convention Center (BNDCC). Last year, IADC published the “Ecosystem services: T
Shipping Confidence Steady amid Fierce Competition
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from
Three Missing after Tanker Explodes off China
Three seafarers are missing, while 13 others have been rescued after their tanker Xing Long Zhou 569 exploded on Sunday in the East China Sea, Xinhua cited Shandong Province officials. The province’s Maritime and Rescue authority sent a number of units to assist in the search and rescue efforts, whi
Report: HHI to Close Another Dry Dock in Ulsan
Pressured by a slump in new shipbuilding orders, the South Korean shipbuilder Hyundai Heavy Industries (HHI) informed that it is looking to close another one of its dry docks at the Ulsan shipyard, the Korean newspaper Pulse reported. The facility in question is the 380-meter-long Dock 5, which has
BPS’ O-Drive poised to improve grid stability
BioPower Systems (BPS) has produced a power conversion module for wave energy projects called O-Drive with built-in short-term storage that could improve grid stability.
UK Turns to China to Boost Maritime Ties ahead of Brexit
The UK is steering its way to China to foster maritime ties ahead of the looming triggering of Article 50 which will lead to the break up of its unity with the European Union. The split-up will require the UK to establish new trade relations as those made through the EU would not be valid any more [
Geokinetics in 3D seismic survey off Brunei for Shell
Geokinetics, a provider of integrated seismic data acquisition, processing and reservoir analysis solutions, has been awarded a contract by Brunei Shell Petroleum (BSP) to acquire a high resolution 3D seismic survey, offshore Brunei Darussalam. According to Geokinetics’ statement on Monday, the acqu
COSCO Dalian Delivers Babylon
COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered Babylon, an oil tanker newbuilding, to a buyer from Singapore. The 24,200 dwt ship was delivered to Heng Tong Fuels and Shipping, according to information provided by VesselsValue. With a gross tonnage of 20,421, Babylon fe
London P&I Club: Warranty Surveyors to Reduce Cargo Shifting Risk
Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said it supports a recommendation to appoint a warranty surveyor to supervise high-risk marine construction and transportation project operations where appropriate. “In the past year, LOC has see
Thieves Board Maersk Aegean off Indonesia
Robbers boarded a product tanker owned by Danish Maersk Tankers and stole equipment while the vessel was at anchor off Indonesia, ReCAAP ISC informed. The incident aboard the 2013-built Maersk Aegean took place while the ship was anchored off Labuk Gaung, Inner Anchorage in Dumai in the morning hour
Van Oord Net Profit Drops in 2016
Van Oord, a Rotterdam based company specializing in dredging, marine engineering and offshore projects, has just announced that in 2016 their revenue decreased to an amount of EUR 1.71 billion (2015 EUR 2.58 billion) and net profits went down to EUR 90 million (2015: EUR 169 million). In dredging, r
Bank Gives Rickmers Maritime Deadline for Revised Restructuring Plan
German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm. Following discussions between the duo, HSH Nordbank h