South & Central Asia
Wan Hai, K Line Work Together on South-East Asia Service
Taiwanese container carrier Wan Hai Lines and Japan-based Kawasaki Kisen Kaisha (K Line) are planning to add coverage in the south-east Asia network with Thailand-Belawan Service (TBS), starting from January 7, 2017. The service, which will be jointly operated by the two companies, will offer a dire
Oil steady in quiet holiday season trade; supply cut deal to kick in January 1
By Osamu Tsukimori TOKYO (Reuters) – Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in. London Bren
PHOTO: Petrobras FPSO hull ready for integration ops
Brazilian oil giant Petrobras informed on Friday that the hull for the P-68 FPSO has arrived at a Brazilian shipyard for integration operations. The hull for Petrobras’ FPSO unit, meant for the Santos Basin offshore Brazil, arrived at Sembcorp Marine’s Jurong Aracruz shipyard in Brazil on Wednesday,
Japan reveals plan to turn Yokohama port into LNG bunkering hub
Japan’s Ministry of Land, Infrastructure, Transport and Tourism, on Monday informed a feasibility study report on the development of LNG bunkering hub at the port of Yokohama has been completed.
Clarksons: Niche Sectors See Better Earnings in 2016
Market conditions across most sectors of the shipping industry in 2016 have been highly challenging and things in many sectors appear to be as bad as they have ever been, according to Clarksons Research. In the wider fleet some niche sectors have seen better earnings, but even so, most shipowners wi
CIMC sets up partnership to build two offshore platforms
CIMC Offshore has entered into an agreement with Shenzhen Mangrove Venture Capital and China Industrial International Trust to establish a partnership that will build and operate two offshore platforms. To promote the group’s offshore business, CIMC Offshore, a subsidiary of China International Mari
Jiangsu Longyuan Zhenhua Orders Wind Turbine Installation Vessel at ZPMC
Jiangsu Longyuan Zhenhua Marine Engineering has ordered a wind turbine installation vessel (WTIV) at Shanghai Zhenhua Heavy Industries (ZPMC). The wind turbine installation vessel will be 101 metres long, 43 metres wide, with a draft of 8.4 metres. The vessel will have a lifting capacity of 2,000 to
Icon wins work on EnQuest’s Malaysian assets
Malaysian offshore support vessel provider Icon Offshore has been awarded a contract to provide a vessel to EQ Petroleum Production Malaysia, a subsidiary of the UK-based oil and gas company EnQuest. The Malaysian company will provide one straight supply vessel (SSV) to EnQuest on Seligi oil field a
New Shipping to Order VLCC Quartet in China
Greek shipowner New Shipping Ltd is looking to expand its very large crude carrier (VLCC) fleet as the company signed a Letter of Intent (LOI) for the construction of two 320,000 dwt tankers, VesselsValue data shows. The shipowner is reportedly paying a price of USD 70 million for each ship. Besides
Peru ships LNG cargo to South Korea
Peru’s only liquefaction facility at Pampa Melchorita dispatched a cargo of liquefied natural gas to South Korea.
OOCL to Withdraw Sailings amid Low Demand
Hong Kong-based container carrier Orient Overseas Container Line (OOCL) has decided to withdraw a number of Trans-Pacific and Asia-Europe sailings amid the expected low demand following the Chinese New Year. Namely, on the Asia-North America route the company plans to remove the sailings on the Sout
Japan’s IHI delivers drillship hull to Singapore
Japanese manufacturer of heavy, industry equipment IHI Corporation has delivered a drillship hull to a Singaporean customer. The hull, which was constructed at IHI Aichi Works, was delivered on December 17, 2016. According to the company, the drillship, ordered by an unnamed client from Singapore, i