South & Central Asia
AlixPartners: Carriers Start 2017 with Grim Outlook
As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 financial crisis, the outlook for global container carriers remains grim at the start of 2017, consulting firm AlixPartners said. Sluggish demand levels are exacerbating supply-and-demand im
Alphaliner: Last Hanjin Ship Sold for Demolition
The former South Korean shipping giant, the name Hanjin will disappear from the annals of container shipping as the last Hanjin ship, the 5,302 TEU Hanjin Rome, was sold on March 1, according to Alphaliner. The containership had been under arrest since August 29. Following the sale by the Singapore
Boskalis Posts 2016 Results: Year of Extreme Transition
Boskalis has just announced that they achieved an operating net profit of EUR 276 million in 2016. Including non-cash impairment charges of EUR 840 million after tax the company reported a net loss of EUR 564 million (2015: net profit of EUR 440 million). Revenue declined by 20 per cent to EUR 2.60
V.Group to manage Ultra Deep Solutions’ new DSV in Singapore
V.Ships Offshore, a part of V.Group, has been awarded a contract to provide full technical and crew management services for the dive support vessel (DSV) Lichtenstein owned by Ultra Deep Solutions (UDS) Singapore. The vessel, which can accommodate up to 130 personnel including 30 crew members, will
V.Group to Manage DSV Lichtenstein
V.Ships Offshore, part of V.Group, has been awarded the contract to provide full technical and crew management services for the dive support vessel ‘Lichtenstein’ owned by Ultra Deep Solutions (UDS) Singapore. The new vessel, which can accommodate up to 130 personnel including 30 crew members, will
CAEI Ports Event Takes Place in New Delhi
Consulting Engineers Association of India (CEAI) has announced that their ‘Seminar on Ports & Industrial Corridors’ will take place on April 7, 2017 at Multi Purpose Hall India International Center in New Delhi. The mission of this seminar is to highlight the new and emerging opportunities in the In
CECI and Wind Minds Team Up on Taiwanese Offshore Wind Project
The Taiwanese company CECI Engineering Consultants and the Dutch consultancy Wind Minds signed a Memorandum of Understanding to cooperate in a tender for a 110MW offshore wind farm off Changhua County in Taiwan.
Panama-Flagged Bulker Arrested in Singapore
The 1995-built Hong Harvest has been arrested in Singapore waters, according to data provided by the Supreme Court of Singapore. Featuring 42,529 dwt, the bulker, operated by China’s shipping firm Hongyuan Marine, was detained in the country’s Eastern Petroleum Anchorage in the morning hours of Marc
K Line Faces Penalty for Price-Fixing in South Africa
Japanese shipping company Kawasaki Kisen Kaisha Ltd (K Line) is facing a fine for its alleged involvement in a price-fixing cartel, according to South Africa’s competition commission. The commission said it had recommended a fine equivalent to 10 percent of K Line’s local turnover. The authority’s i
International offshore rig count goes further down in February
The international offshore rig count for February 2017 was down both sequentially and year over year, which is the third time in a row, according to Baker Hughes’ monthly rig count reports. The report by the oilfield services provider shows that the international offshore rig count for February 2017
HMM Inks Sale and Leaseback for Ten Boxships
South Korea’s shipping firm Hyundai Merchant Marine has entered into a Memorandum of Understanding to sell ten of its containerships as it looks to raise fresh funds. Namely, the company will sell the vessels to the state-backed ship financing firm Korea Shipping Co for a price of KRW 150 billion, w
AG&P, Air Liquide in Asian small-scale LNG pact
Atlantic, Gulf and Pacific Company (AG&P) signed a memorandum of understanding with Air Liquide to develop small-scale LNG infrastructure across Asia.