South & Central Asia
BIMCO: Carriers on SCFI Routes Earn 7 Pct Less in 2016
Due to the devastating low rates in the first half of 2016, container shipping lines earned an average of 7% less, than in 2015 on all Shanghai Containerized Freight Index (SCFI) trade routes, according to BIMCO. The freight rates managed to gain momentum through second half of 2016, and were 22% hi
7th Newbuilding LPG Carrier Joins Epic Gas
Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of Epic Sardinia, a 11,000 cubic meter liquefied petroleum gas (LPG) carrier, from Kyokuyo Shipyard in Japan. Epic Sardinia, which is the seventh vessel in Epic Gas’ series of eight newbuildings, was delivered
Japan’s 2016 LNG imports drop 2 pct
Liquefied natural gas (LNG) imports into Japan, the world’s largest consumer of the chilled fuel, dropped 2 percent in 2016. Japan imported 83.34 million mt of LNG in 2016, as compared to 85.05 million mt the year before, according to the provisional data released by Japan’s Ministry of Finance. Thi
Alphaliner: Boxship Additions Twice as High as Scrapping Forecast
The large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner. The overall delivery figure for the year stands at 1.6
Milaha to Link Saudi Arabia, India with Direct Service
Marine transport and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with the Kandla International Container Terminal (KICT) in India to start the first direct common carrier feeder service between Saudi Arabia and India. The company said that the new weekly service will con
DONG and Macquarie Invest in Taiwanese Formosa I Offshore Wind Farm
DONG Energy and Macquarie Capital have signed agreements to acquire a combined 85% ownership interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable. Completion of the transactions is subject to a number of conditions precedent including approval from the EU
DONG and Macquarie Invest in Taiwanese Formosa I Offshore Wind Farm
DONG Energy and Macquarie Capital have signed agreements to acquire a combined 85% ownership interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable. Completion of the transactions is subject to a number of conditions precedent including approval from the EU
Deepsea Metro I Bags Philippines Gig
Odfjell Drilling has, on behalf of Golden Close Maritime, secured a one well contract for the ultra deepwater drillship, Deepsea Metro I. The contract was signed with Galoc Production Company, a wholly owned subsidiary of Nido Petroleum. The area of operation is offshore Philippines. The Deepsea Met
Deepsea Metro I drillship hired for drilling off Philippines
Odfjell Drilling has secured a one-well contract for the ultra-deepwater drillship, Deepsea Metro I. The drillship has been hired by Galoc Production Company W.L.L., a subsidiary of Nido Petroleum Limited, for drilling offshore Philippines. According to Odfjell, the Deepsea Metro I will be contracte
West African Gas Adds LPG Carrier Duo
The West African Gas Ltd (WAGL) has taken delivery of two liquefied petroleum gas (LPG) carriers from the Hyundai Mipo Dockyard (HMD) in Ulsan, South Korea. Featuring 38,000 cbm, the new vessels, named MT Africa Gas and MT Sahara Gas, are expected to “ensure stability in the supply of LPG,” accordin
DHI VIDEO: Coastal Erosion and Protection
DHI Group, an independent research and consultancy organization, has released a video about engineering the coast by understanding its nature, named ‘Coastal Erosion and Protection’. “Coastal erosion and protection is an ongoing challenge. Information about wind, waves, depth conditions and sediment
Ship Finance Orders Two LR2 Tankers from Daehan
Bermuda-headquartered Ship Finance International Limited (SFL) has ordered two long range 2 (LR2) tankers from South Korea’s Daehan Shipbuilding, with an option for two more ships, VesselsValue’s data shows. SFL will invest USD 42 million in each of the two 114,000 dwt newbuildings, according to inf