South & Central Asia
UN Issues Dire Warnings as Paris Agreement Enters Into Force
The international Paris Agreement to limit global warming to under 2oC this century compared to pre-industrial levels has come into force on 4 November, but UN has warned that even if the Paris pledges are fully implemented, the world is on track for a temperature rise of 2.9 to 3.4 degrees this cen
POLB, TTI to Clear Backlog of Hanjin Empties
US Port of Long Beach and terminal operator Total Terminals International (TTI) plan to bring in a container ship to remove up to 4,300 empties in an effort to clear a backlog of empty Hanjin Shipping cargo containers from Southern California. The parties would secure an empty vessel to reposition t
India Invests in Safety Training at Alang Shipbreaking Yard
The Indian Ministry of Shipping has unveiled the first financial boost for capacity building and safety training of 20,000 workers involved in the ship recycling activities at Sosiya recycling yard in Alang, Gujarat. Contributed as part of the country’s Coastal Community Development Programme under
Wartsila to Supply Engines for New Dredger
The Wartsila Yuchai Engine Company Limited (WYEC), a joint venture company founded in 2013, has been contracted to supply two 16-cylinder Wartsila 32 engines for a large new dredging vessel. The ship is being built at the Dongguan Xiandai Shipbuilding yard for a private Chinese operator. The newbuil
Navig8 Chemical Secures Funds for Stainless Steel Duo
Chemical shipping company Navig8 Chemical Tankers has secured financing for its remaining two 25,000 dwt stainless steel chemical tanker newbuildings. Namely, the company entered into a USD 54.3 million secured loan facility to finance the two vessels, which are currently under construction at Japan
CCCC Nabs Hong Kong 3RS Contract
China Communications Construction Company Ltd. (CCCC) has won a bid for land reclamation of the Hong Kong International Airport’s (HKIA) Three-Runway System (3RS), with a contract value of some 13.130 million yuan ($1.94 billion). The eight-year construction of 3RS is expected to be completed in 202
Diana Shipping Abandons Kamsarmax Order
Athens-based dry bulk shipping company Diana Shipping has decided to cancel the shipbuilding contract for a Kamsarmax dry bulk carrier due to a delay in delivery. Namely, the company said that the cancellation was served in relation to the shipbuilding deal signed in April 2014 with China’s Yangzhou
Report: DSME Rolls Out Revised Self-Rescue Plan
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) intends to raise an additional KRW 700 billion (USD 612 million) through asset sales in 2016, as the shipbuilder expects to add up to five times less orders to its order book this year than initially projected, Yonhap News Agen
Tanker Fire at Gadani Shipbreaking Yard Still Active
The fire is still ongoing at the Gadani shipbreaking yard in Pakistan following a series of explosions aboard an oil tanker on November 1, according to IndustriALL global union. The union added that up to 150 workers are still trapped inside the 1995-built tanker Aces, which supposedly ignited due t
Gazprom, Mitsui talk LNG cooperation prospects
Gazprom’s head, Alexey Miller, discussed the prospects of partnership in the LNG sector with Mitsui’s chairman Masami Iijima during a meeting on Wednesday.
Carnegie hosts Cornwall’s inward investment arm in WA
Australian wave energy developer, Carnegie Wave Energy has welcomed Invest in Cornwall, the inward investment arm of the Cornwall Council, with the aim of encouraging further investment opportunities between Australia and the UK.
Report: Oil Tanker Explodes at Gadani Shipbreaking Yard
Some ten workers were killed while over 45 others were injured in a chain of explosions which occurred earlier today at Pakistan’s Gadani shipbreaking yard, according to local media. At the time of the incident, some 100 workers were reportedly dismantling an unused oil tanker at the yard. The weldi