South & Central Asia
Drewry: Going ‘Strategic’ with 2M Best HMM Could Have Hoped For
Entering into ”a strategic cooperation” with Maersk Line and the Mediterranean Shipping Company (MSC) via their 2M vessel sharing alliance and not becoming a fully fledged member is the best Hyundai Merchant Marine could have hoped for given what ”a traumatic year” this has been for the South Korean
Sixth PCTC Joins Höegh Autoliners’ Fleet
Norway’s shipping company Höegh Autoliners took delivery of Höegh Trotter, the firm’s sixth New Horizon Pure Car Truck Carrier (PCTC), in Xiamen, China, on December 8, 2016. Höegh Trotter is the final Post-Panamax vessel to be delivered by Chinese shipbuilder Xiamen Shipbuilding Industry to Höegh Au
Scorpio Bulkers to Pay Less for Kamsarmax Newbuilds
Monaco-headquartered dry bulk shipping company Scorpio Bulkers has reached agreements with Hudong-Zhonghua (Group) in China to reduce the price to be paid under the shipbuilding contracts for two Kamsarmax newbuilds. The price of the two Kamsarmax vessels, which are to be delivered between Q1 2017 a
JFD and Wuhu Ink Joint Venture Deal in China
James Fisher and Sons’ subsidiary JFD has expanded into the Chinese market through the signing of a joint venture with Wuhu Diving Equipment Factory. Wuhu Diving Equipment Factory is a subsidiary of Shanghai Salvage Company (SSC). SCC recently awarded a £35-million contract to JFD to manufacture a 2
Sri Lanka Navy Breaks Up Protests at Hambantota Port
The Sri Lanka Navy was called in on Saturday, December 10, to intervene and free two merchant vessels which had been held hostage for several days by port workers at the Hambantota Port. The port workers reportedly staged a protest campaign against the government’s plans to privatize the Hambantota
Royal HaskoningDHV: New Land Reclamation Method in Singapore
Singapore has announced that they will build a polder designed by Royal HaskoningDHV with local partner Surbana Jurong that will add 810ha to Pulau Tekong, one of Singapore’s largest islands. Traditionally, sand has been used to fill the area to be reclaimed above sea level. The new approach involve
Hyundai Heavy to Build Boxships, Tankers for IRISL
South Korean shipbuilder Hyundai Heavy Industries (HHI) has signed contracts to construct 14,500 TEU container ships and 49,000 dwt product/chemical carriers for Islamic Republic of Iran Shipping Lines (IRISL). The value of the contracts, which were signed in Seoul on December 9, 2016, was not revea
Non-OPEC nations agree to cut oil output
Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with s
Clarksons Research: Car Carrier Sector Braces For a Bumpy Road Ahead
The car carrier sector has seen an increase in scrapping and almost no new orders in 2016 as vessel owners are trying to combat a decline in global seaborne car trade, according to Clarksons Research. Given the strong link between economic growth, consumer demand and car sales, the car carrier secto
Popular news, December 5 – 11, 2016
Read the most popular offshore energy news of the week
Readers’ Picks of the Week (December 5 – 9, 2016)
Readers’ Picks of the Week (December 5 – 9, 2016)
Top news of the week December 4-10
GasLog moving forward with FSRU conversion Monaco-based LNG shipper, GasLog on Monday said that Singapore’s Keppel shipyard begun ordering equipment required for the conversion of an LNG carrier to a floating storage and re-gasification unit. Picture of the day: Italy’s first U.S. LNG cargo Italy ha