South & Central Asia
Hyundai Heavy to Split Its Businesses
One of South Korea’s Big Three shipbuilders, Hyundai Heavy Industries, is looking to reorganize its businesses into a number of separate companies next year, the company said in a stock exchange filing. In an effort to boost its competitiveness and improve the financial status, the company is set to
MAKE: Political Turmoil Dents Global Wind Growth Outlook
A host of political events have had a negative impact on global wind power growth expectations through 2025, MAKE said in its Q4/2016 Global Wind Power Market Outlook Update. Anticipated cuts to wind power targets in China under the country’s upcoming Thirteenth Five-Year Plan headline the most impa
MAKE: Political Turmoil Dents Global Wind Growth Outlook
A host of political events have had a negative impact on global wind power growth expectations through 2025, MAKE said in its Q4/2016 Global Wind Power Market Outlook Update. Anticipated cuts to wind power targets in China under the country’s upcoming Thirteenth Five-Year Plan headline the most impa
Indonesia: Kalla Group to build Bojonegara LNG import terminal
Indonesia’s Kalla Group on Monday said that, through its unit Bumi Sarana Migas, it is ready to build an LNG receiving terminal in Bojonegara, Banten.
Gallery: CNCo Names New Bulk Carrier
The China Navigation Company (CNCo), a deep sea shipping arm of the Swire Group, christened MV Tunsin, the last of four Handysize bulk carrier newbuildings at Imabari Shipyard in Japan on November 16, 2016. The Tunsin is part of the four-vessel order placed in June 2014. The deliveries of the first
European Shipping Industry Should Not Ignore China’s OBOR Project
The European shipping industry cannot afford to ignore China’s One Belt One Road (OBOR) policy, dubbed the biggest event of the 21st Century, which is set to redefine trade patterns between Asia and Europe with enormous impact on the maritime sector, according to international law firm Ince & Co. Th
South Korea focuses on LNG-fueled vessels to aid shipbuilding industry
South Korea is looking to increase the number of LNG-fueled ships in order to meet the global cap on sulphur content for marine fuels will come into effect from January 2020.
IEA: Gas and renewables set for big growth. Fossil fuels far from over
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
IEA: gas and renewables ‘winners’ of the next 25 years
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
Hanjin Sells Two Boxships for Scrap
Financially troubled South Korean shipping company Hanjin Shipping has sold two container ships for demolition, VesselsValue data shows. The vessels in question are the 5,302 TEU Post-Panamax boxship Hanjin Paris and the 4,024 TEU Panamax vessel Hanjin Los Angeles. The 62,800 dwt (deadweight ton) Ha
Sembcorp Sells Its Stake in COSCO Shipyard Group
Singapore-based marine and offshore engineering group Sembcorp Marine has decided to sell its 30 percent equity interest in COSCO Shipyard Group. The stake in COSCO Corporation (Singapore) Limited’s 51 percent-owned subsidiary would be purchased by shipping giant China Ocean Shipping (Group) Company
DSME Narrows Loss as Union Jeopardises Financial Boost
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has managed to narrow its net loss in the third quarter ended September 30 to KRW 238.1 billion (USD 203.9 million) compared to a net loss of KRW 1.14 trillion (USD 976.6 million) seen in the same quarter a year earlier. During