South & Central Asia
Report: New Carrier SM Shipping Starts First Service in March
SM Shipping, a new container carrier established by South Korea’s Samra Midas (SM) Group after the group acquired Asia-US route from bankrupt Hanjin Shipping, plans to start its first service on March 8 along the East and the South China Sea, Korean news site Pulse informed. The service will depart
Royal IHC Lays Keel for Adani’s New Dredger
Last week, Royal IHC at its shipyard in Krimpen aan den IJssel, held a keel laying ceremony for the 8,000m³ TSHD SHANTI SAGAR 18. The keel laying represents the beginning of the construction of the second dredger for Adani Group in India. Both vessels belong to the standardized IHC Beagle® series, d
China Punishes 14 Carriers for Not Reporting Freight Tariffs
China’s Ministry of Transport has fined 14 international container shipping companies because they either failed to report freight tariffs to the ministry or were inconsistent with the reported ones. Companies have been punished with a total of RMB 2.39 (around USD 350,000), the ministry informed. T
Oil Search returns to profit
Oil Search, the owner of a 29 percent stake in the PNG LNG project, has reported a full-year net profit of $US89.8 million, compared to last year’s $39.4 million loss. However, its core profit, excluding one-offs, fell 70 percent to $106.7 million as average LNG prices dropped by a third and oil pri
CGG to run Shell’s seismic data processing center in Brunei
French seismic services provider CGG has been awarded a contract by oil major Shell to operate a dedicated processing center at its Seria office in Brunei. CGG said on Tuesday that the deal would run for six years, from January 1, 2017, until December 31, 2022. Under the terms of the contract, CGG w
Japan’s LNG imports rise 14.6 percent in January
Liquefied natural gas (LNG) imports into Japan increased 14.6 percent in January as demand for the chilled fuel for power generation rose on the back of low winter temperatures. Japan imported 8.30 million mt of LNG in January, as compared to 7.24 million mt the year before, according to the provisi
Bahri Expands Presence in India
National Shipping Company of Saudi Arabia (Bahri) has opened a new office in Mumbai to strengthen its presence in the Indian maritime industry. “The opening of our new office in Mumbai is a strategic, long-term investment by Bahri and underscores the company’s strong commitment towards the Indian ma
K Line Unit Becomes Part of Indian Shipowners’ Association
A subsidiary of Japan’s shipping company Kawasaki Kisen Kaisha, K Line (India) Shipping Private (KLISP), joined the Indian National Shipowners’ Association (INSA) at the end of January 2017. “By becoming an INSA member, we anticipate this will enable us to become more actively engaged in the Indian
GTT scores new FSRU order
French LNG containment specialist GTT received an order from Hyundai Heavy Industries to equip a new FSRU with its Mark III cryogenic membrane containment system.
NMDC Wins $23 Million Contract in Maldives
UAE’s National Marine Dredging Company (NMDC) has won a $23 million contract for the marine works in Male, the Republic of Maldives. This capital development project, undertaken for DAMAC Properties from Dubai, will involve construction of three islands for a 5 star resort, including reclamation of
Pirates Kill One, Abduct Six Off Philippines
Pirates killed one and abducted six sailors of a Vietnam-flagged ship in an attack off the southern Philippines on February 19, according to a report issued by ReCAAP ISC. The 4,739 dwt MV Giang Hai was boarded by gunmen northwest of Doc Can Island, while the vessel was underway from Indonesia to Il
Clarksons: 2016 Busy Year for Scrapping
2016 was a busy year for global ship recycling, especially when it comes to boxships and bulkers. What is more, shipbreaking is expected to remain at elevated levels this year as well, bringing some ease to the shipping industry plagued by oversupply, according to Clarksons Research. In 2016, a tota