South & Central Asia
Report: Three Hanjin Boxships Auctioned Off in Rotterdam
Three containerships of the bankrupt Korean shipping firm Hanjin Shipping were sold at an auction in Rotterdam for a total of USD 392 million, according to Dutch media. The vessels in question are the 13,000 TEU Hanjin Europe, Hanjin Africa and Hanjin Harmony, built in 2012 and 2013, respectively. F
VV: Top Five Consolidated Container Fleets Worth USD 33.4 Bn
The top five consolidated container fleets are currently worth USD 33.4 billion and account for 33% of the entire container fleet, according to the latest data provided by VesselsValue. The report on the top five fleets, including the Moller Maersk AS/Hamburg Süd, China COSCO Holdings Co, CMA CGM/ A
DCI Expands Dredging Fleet with New Cutter Suction Dredger
The 1000m³ inland cutter suction dredger, named DCI ID Ganga, joined the Dredging Corporation of India’s dredging fleet yesterday. The dredging vessel was built by the Shoft Shipyard Pvt Ltd, located in Bharuch, Gujarat. The dredging trials of the Ganga were successfully carried out by the Shoft sta
Thai offshore services provider scraps subsea vessel order
Mermaid Maritime, an offshore services provider, has canceled the delivery of a subsea vessel it ordered in China back in 2014. In a statement on Wednesday, Mermaid said its subsidiary Mermaid Offshore Services had terminated the construction contract by mutual consent with the China Merchants Indus
Shipbreaking Activities to Restart at Gadani Yards
The activities at Pakistan’s Gadani shipbreaking yards are set to resume following an order by the High Court of Balochistan, NGO Shipbreaking Platform’s spokesperson said. The order was made after the Pakistan Ship Breakers Association called on federal and provincial bodies to restart the activiti
International offshore rig count goes up sequentially, down YOY
The international offshore rig count for November 2016 was up sequentially but down year over year. According to a report on Wednesday by the oilfield services provider Baker Hughes, the international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down
Mermaid Terminates Newbuild Contract
Mermaid Maritime and China Merchants Industry Holdings have mutually agreed to cancel the construction contract for the DP2 dive support and construction vessel ‘Mermaid Ausana’, effective December 6, 2016. The two companies previously settled to postpone the delivery of the vessel to June 30, 2017.
IEA urges India to use more LNG to reduce CO2 emissions
The International Gas Union is urging India to use more natural gas and LNG instead of coal in order to tackle growing air quality issues in the country. In a report titled “Global Gas Markets supporting Growth and Sustainability”, discussed at the fifth IEF-IGU Ministerial Gas Forum meeting held in
Korea Line Cancels Bid to Buy Hanjin’s Stake in US Terminal
South Korean shipping company Korea Line Corp., part of SM Group, has decided to withdraw from the race for Hanjin Shipping’s stake in US Port of Long Beach container terminal, the firm revealed in its stock exchange filing. The company withdrew its bid after local media reported it may propose a jo
APL Strengthens Oceania Trade with NZ2 Service
Singapore-based container shipping company APL, part of CMA CGM, plans to launch the New Zealand Express II (NZ2) service, starting from late December. The new weekly service, linking New Zealand and North Asian ports, is said to complement the company’s New Zealand Express (NZE) service. With the l
Carnegie scoops Techboard 2016 award
Carnegie Clean Energy has received Techboard’s ‘Top Ranked Listed Tech Company’ award for 2016.
Alphaliner: Carriers in Operating Losses for 5th Successive Quarter
The main container carriers’ average operating margins remained in negative territory with minus 7.8% in the third quarter of 2016, marking the fifth successive quarter of operating losses, according to Alphaliner. Out of the 12 main carriers surveyed by Alphaliner, only the German carrier Hapag-Llo