South & Central Asia
WISTA UK: Smart Ships to Carry Cargoes within a Decade
Smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order to make good use of the new technology and the huge amount of data that will be available as a result, according to the Women’s International Shipping & Trading Association (WISTA) UK.
BW LPG Remains in Loss amid Depressed Spot Rates
Oslo-listed gas carrier owner BW LPG has reported a loss of USD 60.4 million in the third quarter of 2016, compared to a profit of USD 106.1 million seen in the same quarter a year earlier, representing a 156.9 percent change. The loss for the current quarter was mainly due to depressed LPG spot rat
Ellicott Presents Debris Guard – Pump Defender
Ellicott Dredge Technologies (EDT) has announced new technology that will minimize down time by greatly reducing pump and cutterhead clogs in debris rich environments. EDT, through its IMS and Mud Cat™ product lines, is now offering the self-cleaning debris guard called the “Pump Defender” (patent p
Drewry: VLGC Oversupply to Put More Pressure on Freight Rates
High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry. VLGC rates remain under pressure on account of ample vessel supply and weak arbitr
LPG Carrier Quartet Postponed at Hyundai Mipo
Ulsan-based shipbuilder Hyundai Mipo Dockyard has agreed to push the deliveries of four liquefied petroleum gas (LPG) carriers, the company said in a stock exchange filing. The delivery of two LPG carriers, which were scheduled to join their owner in late March 2017, was pushed by four months. The n
Report: Hyundai Heavy’s Union Considering Strike
The labor union of South Korea’s shipbuilder Hyundai Heavy Industries (HHI) said that it would launch an industrial action as a response to the company’s plans to split its businesses, according to Yonhap News Agency. The union claims that the latest development in HHI’s plans to reorganize its busi
ReCAAP: Kidnappings Rise in Sulu-Celebes, Eastern Sabah Regions
Incidents involving abductions of crew from ships while underway have increased in the Sulu-Celebes Sea and eastern Sabah region in the period from March to November 2016, according to piracy watchdog ReCAAP ISC. Namely, since March, 44 crew member were abducted, 11 of which remain in captivity. Dur
EDF Wants Bigger Stake in Offshore Wind Market, Eyes China
EDF EN wants to boost its presence in the offshore wind sector as part of plans to increase its renewable energy capacity to more than 50GW by 2030. The French-based energy company is looking into China as one the international markets where it could expand. “We’ve started discussions with some Chin
Van Oord Enters Partnership Agreement in Jakarta
Rotterdam and Jakarta will be exchanging knowledge about urban water management and the effects of climate change for another three years. This was announced today, during Prime Minister Rutte’s economic mission to Indonesia where a new partnership agreement was signed. The exchange program, which i
Alphaliner: State Aid for Carriers to Delay Market Recovery
Increased government intervention to provide financial support to struggling carriers could ultimately delay a much-needed restructuring of the container shipping sector, according to Alphaliner. State aid might well prolong the industry’s recovery process, as shipping continues to grapple with the
Liebherr R 966 Crawler Excavator on Display in China
At the bauma China 2016 (November 22-25), Liebherr is exhibiting its R 966 crawler excavator in the 70-tonne size class. Powered by a Liebherr V8 engine, the R 966 achieves a rated output of 320 kW/435 HP. This engine complies with Stage IIIA/Tier 3/CHINA III exhaust emission limits. The backhoe buc
VIDEO: Höegh Autoliners Names Sixth Horizon Class PCTC
Norwegian RoRo shipping company Höegh Autoliners has named its sixth New Horizon class Pure Car Truck Carrier (PCTC) Höegh Trotter at China’s shipyard Xiamen Shipbuilding Industries. Höegh Trotter is the final vessel in a series of six Post-Panamax ships that Höegh Autoliners has taken delivery of w