South & Central Asia
IMB: Kidnappings Persists Despite Drop in Piracy
Kidnapping and hostage-taking persists off the coasts of West Africa and South East Asia, despite a 20-year low in piracy on the world’s seas, according data provided by the International Chamber of Commerce (ICC) International Maritime Bureau (IMB). IMB’s latest global piracy report shows that pira
Picture of the day: K. Jasmine loads its 175th Sakhalin II LNG cargo
Sakhalin Energy, the operator of Russia’s only LNG export plant, said the 145,700-cbm LNG carrier K. Jasmine has loaded its 175th cargo at the Sakhalin II liquefied natural gas export facility.
Moore Stephens: Ship Operating Costs to Rise in 2016 and 2017
Vessel operating costs are expected to rise in both 2016 and 2017, with repairs, maintenance and spares set to record the most significant increase in each of the two years, according to shipping consultant Moore Stephens. Vessel operating costs are expected to rise by 1.9% in 2016 and by 2.5% in 20
Drewry: Big Three’s Liner Merger Is All about Survival
The latest merger of liner shipping businesses, revealed by Japan’s Big Three shipping companies yesterday, is further evidence of survival mergers and acquisitions sweeping the industry, according to shipping consultancy Drewry. Namely, the agreement between Kawasaki Kisen Kaisha (K Line), Mitsui O
Hudong-Zhonghua delivers APLNG-dedicated tanker
Mitsui O.S.K. Lines (MOL) said that the Australia Pacific LNG-dedicated liquefied natural gas carrier CESI Gladstone has been delivered on Monday at Hudong-Zhonghua Shipbuilding in China.
First LNG Carrier Delivered for Sinopec Project
The first in a series of six liquefied natural gas (LNG) carriers, the CESI Gladstone, ordered by the joint venture of China COSCO Shipping Corporation Limited (China COSCO Shipping) and China Petroleum & Chemical Corporation (Sinopec), was delivered on October 31. Featuring a length of 290 meters a
Aquamec Launches New Watermaster Dredger – Classic V
The Finnish company Aquamec Ltd. has launched its new Watermaster dredger – Classic V, with 50% more suction dredging capacity compared to the Classic IV model. Aquamec’s research and development work has also generated the Watermaster Urban dredging concept and new features for hard soil dredging.
Odfjell Orders Four Stainless Steel Chemical Tankers
Norwegian Odfjell has officially signed contracts for the construction of a series of four chemical tankers with stainless steel cargo tanks at China Shipbuilding Trading and Hudong-Zhonghua Shipbuilding. Featuring 49,000 dwt and a cargo capacity of 54,600 cbm, these vessels are said to be the world
Carnegie to change name
Australian wave energy developer, Carnegie Wave Energy, plans to change its name to Carnegie Clean Energy.
Highlights of the Month: October 2016
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
Highlights of the Month: October 2016
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
Hess takes UMW jack-up for Malaysian ops
UMW Offshore Drilling, a subsidiary of Malaysian company UMW Oil & Gas, has won a contract for the provision of a high-pressure high-temperature (HPHT) jack-up drilling rig from Hess Exploration and Production Malaysia. UMW said last week that the contract entails the provision of drilling rig servi