South & Central Asia
DHI Study: Supporting Bhutan Land Reclamation
The city of Phuentsholing, located at a geographically and commercially strategic position on the Indo-Bhutan border, is facing a serious shortage of land for development and expansion due to increasing population. High monsoon flows from the Ammochu River are eroding the land along the river banks
Vallianz closes yard in Singapore
Singapore-based offshore services provider Vallianz has closed its shipyard in Singapore as part of its strategic business review in response to the market environment. The company informed on Friday that, to mitigate the challenges of slower market conditions in the offshore & marine industry, the
Drewry: Box Rates on East-West Routes above 5-Year Average
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, according to shipping consultancy Drewry. The latest weekly reading is USD 1,770/40ft container for the composite index, reflecting increases on individu
Report: India’s ministries urging tax-free LNG imports
India’s ministries of energy and environment are pushing for the government to remove the LNG import tax imposed on the imports of the chilled fuel that is not used in the power sector.
Videos from OTEC Symposium now available online
OTEC Foundation has released the video recordings of the presentations delivered during a two-day OTEC Symposium held in Amsterdam late in October 2016.
HDC and TUMAS Enter Agreement on Hulhumale Phase II
Housing Development Corporation of Maldives and TÜMAŞ, Turkish Engineering Consulting & Contracting Co, have entered into an agreement for the design and construction of bridges, channels, harbors and shore protection works for the Hulhumalé Phase II. The agreement was signed today in a ceremony hel
Oil Spill Clean-Up Efforts Continue after Boxship Collision off Johor
Oil spill containment and clean-up efforts are being carried out in Singapore’s waters following the collision of container vessels Wan Hai 301 and APL Denver off Pasir Gudang Port, Johor, Malaysia. As of January 5, 2016, a total of 17 vessels and 222 personnel have been deployed in the operation an
China Sets Aside USD 361 Billion for Renewable Energy Projects
China plans to invest CNY 2.5 trillion (USD 361 billion) in renewable energy projects by 2020, according to the country’s National Energy Administration (NEA). The announced investment is part of the country’s 13th Five-Year Plan for Renewable Energy Development which is expected to ensure that rene
IADC: Spotlight on FIDIC Blue Book
In 1999, Federation Internationale des Ingenieurs-Conseils (FIDIC) or the International Federation of Consulting Engineers published new standard forms of contract, but those contracts did not meet the specific needs of dredging and reclamation work. The International Association of Dredging Compani
MES Hands Over Bulker to Sea Trade Holdings
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) has delivered a 60,000 dwt type bulk carrier MV STH Chiba to the Marshall Islands-based shipping company Sea Trade Holdings. This is the 19th ship of the shipbuilder’s ”neo60BC” eco-ship design, capable of accommodating up to 24 persons an
China to invest over $360B in renewables by 2020. Tidal included
China has revealed plans to invest 2.5 trillion yuan ($363 billion) in renewable energy by 2020.
Moore Stephens: Shipping to Find Ways to Survive Downturn
The shipping industry is expected to use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017, shipping adviser Moore Stephens said. The oil prices should continue on an upward trend on the strength of the recent OPEC production cuts.