South & Central Asia
Drewry: LNG Shipping Rates to Improve from 2018
Liquefied natural gas (LNG) shipowners are facing a tough period as rates are expected to remain under pressure during 2017, according to shipping consultancy Drewry. This year has started on a positive note for LNG shipowners as spot rates have firmed up to the West of Suez because of seasonal dema
Clarksons: China Sees Record Iron Ore Imports
At the start of 2016 the outlook for Chinese iron ore import growth appeared challenging, however, the imports went on to significantly outperform expectations during the year and break the 1 billion tonne mark along the way, according to Clarkson Research. Chinese iron ore import growth performed a
Sembcorp Marine gets China’s nod to sell Cosco Shipyard shares
Sembcorp Marine has obtained approvals from the Chinese authorities to sell its stake in Cosco Shipyard Group. To remind, the Singapore-based rig builder in November 2016 said it would sell its shares in Cosco Shipyard Group for $220 million to China Ocean Shipping (COSCO). In an announcement on Mon
NMDC Ready for $316M LNG Terminal Project in India
UAE’s National Marine Dredging Company (NMDC) has won a $316 million engineering, procurement and construction (EPC) contract for a LNG terminal in India. According to the Emirates News Agency, NMDC last week presented plan for the construction of the terminal at Jafrabad in the Indian state of Guja
Höegh Autoliners Sells One More PCTC for Demolition
Norwegian RoRo shipping company Höegh Autoliners sold its 1987-built pure car and truck carrier (PCTC) City of Mumbai for green recycling in China on January 24, 2017. This is the second of two vessels operated by Sinor Lines in South East Asia which were sold for green recycling, the firm said. The
Drewry: Many ex-Hanjin Ships to Remain Idle for Some Time
Some five months after the collapse of Korean shipping group Hanjin Shipping, more than two-thirds of all Hanjin-operated containerships remains inactive, according to shipping consultancy Drewry. Although a number of ships was auctioned for a total of USD 460 million so far, Drewry estimates that t
BPS readies new cable for bioWAVE unit
BioPower Systems (BPS) has completed the onshore activities related to the cable replacement on its bioWave wave energy unit.
Arcadia Shipmanagement Disposes of Suezmax Tanker
Greek shipping company Arcadia Shipmanagement has decided to sell Aegean Navigator, a Suezmax tanker, to Shipping Corporation of India (SCI), according to data provided by VesselsValue. The 158,700 dwt vessel was sold for USD 31 million on January 27, 2017. Market value of the crude oil carrier curr
AG&P signs import terminal MoU with Hindustan LNG
AG&P (Atlantic, Gulf and Pacific Company) signed a memorandum of understanding with Hindustan LNG to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India.
BW LPG Carrier Collides with Oil Tanker off Chennai
Indian authorities have launched an investigation into a collision between the liquefied petroleum gas (LPG) carrier BW Maple, owned by Singapore-based BW LPG, and the oil tanker Dawn Kanchipuram. At the time of the incident, which occurred near Ennore’s Kamarajar Port at around 4 am local time, the
Interview with Vortex: Focus on Research and Development
Vortex International Ltd, a New Zealand based supplier of dredging equipment, tools and dredge systems, has had a busy and exciting 2016. Couple of days ago, we took the opportunity to have a quick chat with Mr Joe Goodin, Managing Director of Vortex International, who provided us with invaluable in
India’s Greatship sheds Greatship Disha platform supplier
Greatship India Limited (GIL), a subsidiary of Great Eastern Shipping, has agreed to sell its one of its platform supply vessels. GIL said last week that the Greatship Disha PSV would be delivered to the buyers in the fourth quarter of the 2017 fiscal year. The buyer and the financial details, howev