South & Central Asia
Höegh LNG orders new FSRUs at South Korean shipyards
Höegh LNG on Wednesday signed shipbuilding contracts with Samsung Heavy Industries and Hyundai Heavy Industries for two FSRUs.
IADC Releases Facts About Adaptive Management
The International Association of Dredging Contractors (IADC) has released a new ‘Facts About’ publication on Adaptive Management. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime construction subjects
Euroseas Takes Discounted Ultramax from Dayang
Nasdaq-listed owner and operator of drybulk and container carrier vessels Euroseas has taken delivery of a bulker newbuilding from Dayang shipyard in China. The newbuilding Hull DY 160, to be renamed Alexandros P, is a 63,500 dwt Ultramax dry bulk carrier built in January 2017. Alexandros P is one o
CMA CGM Strengthens Asia-East Coast South America Links
French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America. Starting from January 20, 2017, the SEAS1 service will directly connect China, Hong Kong, Singapore, Brazil, Uruguay, and Argenti
Winning Shipping Acquires Capesize Duo
China’s Winning Shipping has purchased two Capesize bulk carriers from South Korea’s shipping company Dong-A Tanker (DAT), according to data provided by VesselsValue. The vessels in question are the 179,600 dwt Dong-A Leto and the 179,200 dwt Dong-A Ether and they were bought for USD 21.85 million a
ITF Lauds MLC Abandonment Provisions Coming into Force
The International Transport Workers’ Federation (ITF) has welcomed new Maritime Labour Convention (MLC) provisions on crew abandonment that come into force on Wednesday, January 18. Under the Maritime Labour Convention 2006 (MLC), ship owners must have insurance to assist the seafarers on board vess
Spotted: TTS Deck Kit Reaches Shanghai
Norway-headquartered marine crane and equipment manufacturer TTS Group has delivered the first of four shipsets of TTS deck equipment to Shanghai Shipyard to be used on vessels ordered by China Ocean Shipping (Group) Company (COSCO) . In April 2015, Shanghai Shipyard, part of the China State Shipbui
Report: Prosecutors Question DSME’s CEO over Accounting Fraud
The head of the financially-troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) was interrogated by prosecutors on January 17, 2017, due to allegations that the firm altered accounts and figures to hide its losses, local media reported. Jung Sung-leep, DSME’s President
Standard Chartered closes financing deal with BW, Marubeni LNG JV
Standard Chartered said it has concluded a US$684.5 million, up to 12-year non-resource shipping finance facility for BW Gas JuJu LNG, a joint venture between BW Group and Marubeni.
Standard Chartered Closes USD 1.6 Billion Worth of Shipping Deals
International banking group Standard Chartered has completed three shipping finance deals for clients in Asia and the Middle East valued in excess of USD 1.6 billion. In December 2016, Standard Chartered concluded a USD 684.5 million, up to 12-year non-recourse shipping finance facility for BW Gas J
CNOOC produces first oil from Enping 23-1 off China
Chinese oil producer CNOOC has started production from the Enping 23-1 oilfields, in the South China Sea. The Enping 23-1 oilfields are located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 90 meters. The company informed on Tuesday that, in addit
CMA CGM Sets Up Singapore Navigation and Port Operations Center
French container shipping specialist CMA CGM opened a Navigation and Port Operations Center in APL’s corporate headquarters in Singapore on January 11. Designed to be CMA CGM’s third navigation command center to its combined fleet of more than 500 container vessels, the new Singapore outpost is dedi