South & Central Asia
Drewry: Rate Levels Surge from North Europe to Asia
Spot container freight rates from North Europe to China have reached a four-year high as they jumped by 45% this week, according to shipping consultancy Drewry. The market reading on the route from Rotterdam to Shanghai reached USD 1,076 per 40ft dry container on March 9, from USD 740 last week. “Ou
Defer, wait, repeat: newbuild jackup delivery outlook not improving (Bassoe)
While delivery dates for the 107 jackups under construction get pushed back toward 2020, the path to achieving deliveries couldn’t be more obstructive. By David Carter Shinn Last week, COSCO Shipyard announced that it “sees no notable upturn in the global market any time soon” and will close three
Amec Foster Wheeler wins Brunei work from Shell
Amec Foster Wheeler has been awarded a contract by Brunei Shell Petroleum (BSP) for the rejuvenation of assets in Brunei. The work includes concept, Front End Engineering Design (FEED), detailed design, construction, completions and commissioning, marine management, fabrication management, procureme
Icon Offshore secures 3-year charter for accommodation workboat
Malaysia’s Icon Offshore, a provider of offshore support vessels, has been awarded a long-term charter for one of its offshore accommodation workboat vessels for work off Brunei. Icon said in Thursday’s stock exchange filing that the contract was for the accommodation work barge (AWB) Icon Valiant.
Envirotek eyes more tidal energy projects in Southeast Asia
Envirotek, a Singapore-based clean-technology investment company, aims at leading the development of tidal in-stream energy projects in Southeast Asia, the company said following the deployment of a floating tidal energy platform featuring Schottel SIT 250.
General Cargo Ship Evades Pirate Attack off Philippines
A Vietnamese-flagged ship identified as MV Phu An 268 managed to escape pirate hands while sailing through Philippine waters on Sunday, March 5. Namely, a boat with six men started tailing the general cargo ship on Sunday afternoon while it was sailing off Lihiman Island, the Philippines and attempt
OPEC’s Barkindo: Russia doing a good job on production cuts
OPEC Secretary General Mohammad Barkindo has praised Russia’s commitment to the oil production cuts Opec and Non-Opec had agreed in December 2016. Asked about Russia’s level of compliance the OPEC Secretary General this week confirmed Russia had said from the start that it wouldn’t immediately be ab
BIMCO: Dry Bulk Fleet Tops 800 Mn dwt
Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in January 2017 exceeding 800 million dwt, according to shipping association BIMCO. Dry bulk demolition was halved in the first month of 2017 when compared to the same period a year earlie
Our New Dredging Vessel Directory Available!
Our new Dredging Vessel Directory (DVD), featuring more cutter suction dredgers (CSD) than the last year’s edition, is now finished and available online! Being introduced for the first time today at the IRO-CEDA meeting in Voorschoten, the new directory, which will provide the dredging industry with
THE Alliance Unveils Safety Net in Case of Bankruptcy
The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be used if one of the carriers suffers a bankruptcy. Through the contingency plan, the fund will be used to continue alliance operations in the event of insolvency of one or more members of
Peru ships first March LNG cargo to Japan
Peru’s only liquefaction facility at Pampa Melchorita dispatched another cargo of liquefied natural gas to Japan.
Gallery: 10th MR Tanker Joins Stena Bulk’s Fleet
Swedish tanker shipping company Stena Bulk has taken delivery of Stena Impeccable, the tenth of 13 IMOIIMAX MR tankers ordered from Chinese shipyard Guangzhou Shipbuilding International (GSI). The 50,000 dwt chemical and product tanker features a length of 183 meters and a width of 32 meters. The ta