South & Central Asia
MOL Names New Iron Ore Carrier at Hiroshima Shipyard
Japanese shipping company Mitsui O.S.K. Lines (MOL) has held a naming ceremony for the Shinzan Maru, a newbuilding iron ore carrier, at Imabari Shipbuilding. The ceremony took place at Imabari’s Hiroshima Shipyard on October 27, 2016. The new vessel, featuring a length of 320 meters and a width of 5
SembMarine to sell its Cosco Shipyard Group stake
Singapore’s rig builder Sembcorp Marine is set to sell its 30 percent equity interest in China’s Cosco Shipyard Group. SembMarine as the company is also known, will sell its stake in Cosco Shipyard Group for $220.68 million to China Ocean Shipping (COSCO). Cosco Shipyard Group is a ship repair, conv
Parker Bestobell rounds up orders for Arctic LNG carriers
Parker Bestobell Marine, the supplier of cryogenic valves said it has secured the company’s largest order to date to supply its equipment for nine vessels worth US$5 million.
MSC Sets Up New Service on Transpacific Route
Switzerland-based Mediterranean Shipping Company (MSC) has revealed plans to launch a new service, the Sequoia service, on its Transpacific West Coast USA & Canada route, starting from December this year. The Sequoia service represents MSC’s sixth Transpacific service and will connect South China wi
Tokyo Gas October sales edge up
Total gas sales by Japan’s Tokyo Gas reached 1,146.425 million cubic meters in October, 6.9 percent up compared to the same month in 2015.
Damen Holds Environmental Dredging Seminar in China
Damen Shipyards Group has concluded an informative seminar on the subject of Environmental Dredging for key players in the Chinese dredging industry. The two-day seminar presented several new developments from the field of environmental dredging. More than 50 representatives from over 20 Chinese dre
APL Enhances Guam Saipan Express Service
Singapore-based shipping company APL, part of French shipping major CMA CGM, plans to add a second vessel to its Guam Saipan Express (GSX) service, upgrading this US flagged service from a fortnightly to a weekly coverage. The first sailing of the weekly service will commence in late December 2016 f
Austal delivers crew transfer vessel to Swire
Australian shipbuilder Austal has delivered its second high-speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6-meter, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It is the fourth offshore crew transfer v
Eagle Bulk Adds Another Ultramax Newbuilding
Connecticut-headquartered operator of dry bulk ships Eagle Bulk Shipping has acquired a resale 64,000 dwt SDARI-64 Ultramax dry bulk vessel currently under construction at China’s Chengxi Shipyard. The bulker, scheduled to be delivered to the company in January 2017, will be named M/V Singapore Eagl
Study: Shell tops ideal O&G employers list
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
Pakistan to build 1,200 MW LNG power plant
The government of Pakistan, through the Private Power and Infrastructure Board invited bids for the development of a 1,200 MW LNG-fueled power plant at the existing Muzaffargarj thermal power station.
Poten & Partners: Tanker Deliveries vs. Scrapping Potential
Given the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners. In recent years, tanker sales for scrap have been “few and far between,” while the average age of t