South & Central Asia
Samsung Engineering, KBR chosen to build Texas LNG plant
Texas LNG selected Samsung Engineering and KBR for the construction of its proposed 4 mtpa LNG export facility at the Port of Brownsville in South Texas.
Alphaliner: Carriers Bolster Capacity on New 2017 Alliance Networks
Capacity has been added across the board on the main Asia-Europe and Asia-North America routes by main carriers as they ready to launch new networks on the key East-West container routes next month, Alphaliner’s preliminary data shows. Capacity gaps resulting from the departure of Hanjin Shipping in
Clarksons: Product Tanker Fleet Enters Moderate Growth Era
Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet capacity at the start of February 2017, a low not seen since August 2000, according to Clarksons Research. At the start of February, the product tanker orderbook of 10,000+ dwt vessels
DEME to Boost Installation Capacity with New Vessel Order
DEME has ordered an offshore installation vessel ‘Orion’ at COSCO in China, set for delivery in 2019. The ‘Orion’ will be deployed by DEME’s subsidiary GeoSea for the construction of the offshore wind farms, to service the oil and gas industry and for decommissioning of offshore installations. With
IMO 2020 Rule to Cost Shippers USD 60 Bn More a Year?
Global bunker fuel costs could rise by up to USD 60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization’s (IMO) 0.5% sulphur cap for bunker fuels kicks in, Wood Mackenzie said. With the implementation of the IMO regulation in 2020, the shipping ind
Jiangsu Hantong Cuts Steel for Wind Farm Installation Vessel
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has held a steel cutting ceremony for a jack-up wind farm installation vessel being built for Nantong Ocean Water Construction.
DEME orders new offshore installation vessel in China
Marine engineering group DEME has ordered the “next generation” offshore installation vessel, to be named Orion, from China’s COSCO. DEME said on Wednesday that the Orion would feature a combination of high transport and load capacity, large lifting heights and green technology. According to the com
iSURVEY wins survey support work on board Solstad vessel
Following two years of operations, iSURVEY Pte Ltd, Singapore, has again been awarded a marine construction survey support contract with Solstad Offshore Asia Pacific for works on board the DLB Norce Endeavour. The provider of survey and positioning services to the global oil and gas industry is due
Shareholders Give Nod to HHI’s Split-Up
Shareholders of the South Korean shipbuilder Hyundai Heavy Industries (HHI) approved on Monday the firm’s plan to reorganize its businesses into separate companies with the aim of improving its financial status. Following the shareholders’ approval, HHI will be split into four sectors – shipbuilding
MSI: Boxship Sector Entering Calmer Waters
The containership sector has started 2017 in a positive mood, with each of the industry’s drivers – demand, supply and earnings – in a healthy shape. Maritime Strategies International (MSI) expects the sector to move into the next quarter with a reinforcement of this encouraging trend. In terms of d
Drewry: Liner Alliances Make Illogical Port Choices
By examining the correlation between carrier terminal ownership and the choice of port calls by the 2M and upcoming Ocean and THE liner alliances, Drewry said that the choice of port call is often not in line with carrier terminal ownership interests. The shipping consultancy conducted a research an
China Okays ABB Medium Voltage Wind Turbine Converter
ABB’s PCS6000 medium voltage wind turbine converter has received product certification from the China General Certification Center, CGC.