South & Central Asia
Hapag-Lloyd Names Second 10,500 TEU Ship
German shipping company Hapag-Lloyd named its second new 10,500 TEU containership Cartagena Express at the Hyundai Samho Heavy Industries shipyard in Samho, South Korea, on January 23, 2017. Scheduled to be deployed in the company’s SW service, Cartagena Express is the third ship of the Post-Panamax
ZIM Unveils Upgraded Transpacific Network
Israel’s shipping company Zim Integrated Shipping Services (ZIM) has launched a new service linking Asia and the Pacific Northwest and presented a revised coverage on the Transpacific route, scheduled to start in April 2017. The ZIM North Pacific (ZNP) service will connect major ports in South East
Tullett Prebon, SGX to launch Middle East, India LNG index
London-based interdealer broker Tullett Prebon, joined forces with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian LNG markets.
Drewry: New Tonnage the Biggest Risk for Industry Recovery
One of the key performance indicators that needs to be ticked off before the containership industry recovery gets back on solid ground is when the industry does not have to squeeze ships into trades that are not equipped to handle them. “We are more optimistic than we have been in a long while as de
Clarksons: Contracting Activity Drops to 30-Year Low
The previous year was very weak for newbuild ordering as contracting activity fell to its lowest level in over 30 years in numerical and tonnage terms, according to Clarkson Research. Low levels of newbuild demand have continued to limit ordering across the majority of vessel sectors, and the majori
Tokyo Gas December sales boosted by winter temperatures
Total gas sales by Japan’s Tokyo Gas reached 1,424.418 million cubic meters during the last month of 2016, a 7.1 percent increase compared to December 2015.
China’s 2016 LNG imports rise 33 pct YoY
Liquefied natural gas (LNG) imports into China, the world’s largest energy consumer, rose 33 percent in 2016 as compared to the year before, according to the General Administration of Customs data. China imported 26.06 million mt of the chilled fuel in 2016, as compared to 19.63 million mt in 2015,
Yinson, Talisman in talks for Ca Rong Do field FPSO
Malaysia’s Yinson Holdings has entered into exclusive negotiations with Talisman Vietnam for the supply of an FPSO vessel for the Ca Rong Do Field offshore Vietnam. The field is located in Block 07/03 in the Eastern Sea offshore Vietnam. Yinson said that the final contract award was subject to succe
JX: Train 9 at Petronas’ Bintulu LNG complex starts commercial ops
JX Nippon Oil & Energy on Monday said that the Train 9 at the Petronas LNG complex in Bintulu, Sarawak started commercial operations earlier this month.
DryShips Wraps Up First VLGC Purchase
Greek owner of drybulk carriers DryShips Inc. has acquired a very large gas carrier (VLGC) for a price of USD 83.5 million, the first vessel under a “zero cost” option agreement signed earlier in January. Currently under construction at Hyundai Heavy Industries (HHI), the VLGC will be employed on a
LNG Limited’s Magnolia LNG to supply India’s first East coast terminal
Magnolia LNG, Perth-based LNG Limited’s U.S. unit, signed a heads of agreement with Vessel Gasification Solutions for a 20-year supply of 4 mtpa of liquefied natural gas from its project in Lake Charles, Louisiana.
Popular news, January 16 – 22, 2017
The most popular articles of the week, January 16 – 22, 2017