South & Central Asia
Samsung Heavy Ups 2017 Orderbook Aim
South Korean shipbuilder Samsung Heavy Industries (SHI) has raised its orderbook goal for 2017 to USD 6 billion, from last year’s USD 5.3 billion target as the shipbuilding industry is expected to slightly improve during 2017, according to Yonhap News Agency. The announcement was made amid a protrac
Keel laid for Saga LNG Shipping’s newbuild
Haimen-based shipbuilder China Merchants Heavy Industry (Jiangsu) held the keel laying ceremony earlier this week for Saga LNG Shipping’s 45,000-cbm liquefied natural gas carrier.
PetroVietnam, ExxonMobil ink gas-to-power deal
State-owned PetroVietnam signed a deal with the U.S.-based energy giant ExxonMobil to develop the largest gas-to-power project in Vietnam. The natural gas would be sourced from the Ca Voi Xanh (Blue Whale) gas field located in the South China Sea about 80 km off the coast between Vietnam’s Quang Nam
TSHD Easydredge Mahaa Jarraafu Hits the Water
The Maldives Transport and Contracting Company’s (MTCC) new trailing suction hopper dredger Mahaa Jarraafu was launched today at Nantong Rainbow Marine Technology Boat Yard in China. This vessel is the largest in the Easydredge series of standard twin-screw trailing suction hopper dredgers, designed
PSA International Handles More Containers
Singapore-headquartered port operator PSA International saw an increase of 5.5% in volumes as a total of 67.63 million TEUs of containers were handled at its port projects around the world for the year ending December 31, 2016. The group’s flagship PSA Singapore Terminals contributed 30.59 million T
Ready for the New Dredging Today Vessel Directory?
After the successful premiere of the Cutter Suction Dredger (CSD) Vessel Directory in 2016, Dredging Today will add Trailing Suction Hopper Dredger (TSHD) vessels to the upcoming edition of the directory. The new Dredging Vessel Directory will be launched in the first quarter of 2017, and will also
Cosco Shipping Inks USD 26 Bn Financing Deal with CDB
Shipping giant China Cosco Shipping Group (Coscocs) has entered into a CNY 180 billion (USD 26 billion) financing agreement with China Development Bank (CDB), according to information provided by the company. The financing deal, which will cover the period of the next five years until 2021, would be
Drewry: Benchmarking Grows in Ocean Transport
International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to shipping consultancy Drewry. In the past 6 months, the ocean transport spend under carrier contracts benchmarked by beneficial cargo own
Trelleborg Boosts Its India Marine Center of Excellence
Trelleborg’s marine systems operation has relocated and almost doubled the size of its engineering and design center of excellence in a new 1,000 square meter premises in Ahmedabad, India. Since 2009, the marine center of excellence has provided detailed engineering design, modelling and analysis fo
Fifth Newbuilding Joins Navig8 Chemical Tankers’ Fleet
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of the Navig8 Saiph, a 25,000 dwt stainless steel chemical tanker, from Japanese shipbuilder Kitanihon Shipbuilding. The Navig8 Saiph is the fifth of six vessels ordered by the compan
Physical Suppliers to Reap Rewards in Smaller Ports
Physical suppliers should move away from fuel supply in the major bunkering hubs, and instead focus on smaller ports to reap the opportunities of a rapidly changing market, according to maritime consultancy 20|20 Marine Energy. Growing concentration of fuel supply in major bunkering hubs is expected
China craves EMEC’s tidal and wave knowledge
EMEC’s and other UK tidal and wave energy industry experts have visited China to support the creation of marine renewable energy test center in the eastern part of the country.