South & Central Asia
Former Singapore LNG CEO to take helm at Sembcorp
Singapore’s Sembcorp Industries named Neil McGregor, former CEO of Singapore LNG, as its new chief executive officer from April. He will succeed Tang Kin Fei, who is retiring after 30 years with Sembcorp. Tang Kin Fei, who has led Sembcorp as chief executive since 2005, will remain as advisor and as
NGO Shipbreaking Platform Calls for Responsible Recycling of Berge Stahl
The NGO Shipbreaking Platform has called on the owner of the iron ore bulker Berge Stahl and the Dutch authorities to ensure the responsible recycling of the 30-year-old vessel. Berge Stahl, owned by Singapore-based dry bulk owner Berge Bulk, has called at Rotterdam’s ore terminal 249 times over the
Sembcorp CEO calls it quits after 30 years
Singapore’s energy, water, and marine group Sembcorp Industries has announced that its Group President & CEO, Tang Kin Fei, will retire in 2017 after 30 years with the company. Sembcorp said on Tuesday that Kin Fei would retire on March 31, 2017, and would be succeeded by Neil McGregor, effective Ap
Swiber’s ONGC Projects Suspended (India)
Singapore-listed Swiber informed that India’s Oil and Natural Gas Corporation (ONGC) has suspended projects carried out by its two subsidiaries, reportedly due to ongoing legal actions started by certain creditors in the India Courts against ONGC and Swiber’s two units. Specifically, subsidiaries af
Taiwan’s LNG imports rise in October
Liquefied natural gas (LNG) imports into Taiwan, the world’s fifth largest importer, increased 14 percent in October year-on-year. Taiwan, that uses LNG to fuel its gas-powered power plants, imported 1.38 million mt of LNG in October, as compared to 1.21 million in the same month last year, accordin
Operators Ink Co-Management Deal for Kwai Tsing Terminals
COSCO-HIT Terminals (Hong Kong) Limited (CHT), Asia Container Terminals Limited (ACT) and Hongkong International Terminals Limited (HIT) have signed a co-management deal in relation to the operation of the 16 berths across Terminals 4, 6, 7, 8 and 9 of Kwai Tsing, New Territories, Hong Kong. Taking
Hulhumale Phase II Shore Protection Works Almost Complete
The shore protection work for the Hulhumalé Phase II islands is now 96 percent complete, according to the Maldives Housing Development Corporation (HDC). The protection work includes construction of armor rock revetment and sand haulage of Hulhumalé Phase II offshore islands (Yacht Marina and Cruise
ZIM Upgrades Services on Pacific, Atlantic Routes
Israel’s shipping company Zim Integrated Shipping Services (ZIM) plans to enhance its services on Pacific and Atlantic routes, starting from April 2017. The company intends to add a new service between Asia and the Pacific North West which will replace the current North Pacific services. In addition
Forland Gives More Time to EMAS AMC
Forland Subsea said it has reached a temporary agreement with EMAS AMC AS over charter payment for the LCV/IMR subsea vessel Lewek Inspector. To remind, EMAS AMC AS has defaulted on its payment for the month of October 2016 due to financial distress. Since EMAS informed Forland that it is ‘unable to
K Line Strengthens Its China Vietnam Indonesia Service
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has unveiled plans to launch a new containership service of China Saigon Indonesia (CSI) services. The company said that the service will have direct port coverage from China to Ho Chi Minh, Vietnam and Indonesia. “This ensures faster transit
Evalend Buys Paragon’s Three Newbuilds
Greek shipping company Evalend Shipping has bought three resale Panamax bulk carriers currently under construction at China’s Jiangsu New Yangzijiang shipyard, which were initially ordered by its compatriot Paragon Shipping, VesselsValue’s data shows. The vessels in question are the 82,100 dwt Inspi
Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects
International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover float