South & Central Asia
OEEC 2016 – Great Success
With 667 exhibitors, 25.000m² floor space and visitors representing 99 nationalities, Offshore Energy Exhibition & Conference 2016 (OEEC) was not only a great success, the event also grew compared to last year. A great achievement in the current offshore energy market. 11.989 people came to Amsterda
Gener8 Maritime Takes Delivery of New VLCC
US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO Very Large Crude Carrier (VLCC) the Gener8 Miltiades on October 25, 2016. Delivered from China’s shipbuilder Shanghai Waigaoqiao Shipbuilding, the 301,000 dwt vessel represents the sixteenth of 21 ECO VLCCs expected to
CSPL’s Freight Volumes Up in First Nine Months of 2016
Hong Kong-based terminal operator COSCO SHIPPING Ports Limited recorded a 3.9% increase in its total container throughput for the nine months ended September 30, 2016, with the group’s terminals handling 70.2 million TEUs, compared to 67.6 million TEUs in the same period last year. The group’s termi
Reliance Industries Secures Funds for Six Ethane Carriers
Mumbai-based conglomerate Reliance Industries Limited (RIL) has, through its subsidiaries, signed term loan deals for a total of USD 573 million to partially finance the construction cost of its six very large ethane carriers (VLECs). The loans, which have a tenor of 12 years, comprise of a Korea Tr
HSH: Maersk Line to Operate Six of Hanjin’s Boxships
Six container ships of the bankrupt South Korean shipping company Hanjin Shipping Co. will now be operated by Danish shipping giant Maersk Line, according to Germany’s HSH Nordbank. The six container ships under the new long-term charter deals are Neopanamax vessels with a capacity of 13,100 TEU eac
Tanker Supply – A Gift and a Curse
While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may have a pronounced impact on freight rates, according to the latest report from McQuilling Services. Ton-mile data for crude/dirty petroleum product tankers (DPP) and clean petroleum pr
MSC Upgrades Asia-USWC/Canada Services
Switzerland-based Mediterranean Shipping Company plans to revise its services connecting Asia and US West Coast/Canada, starting from the middle of December 2016 with departures from Asia. The services undergoing change are New Orient, New Eagle and Maple. MSC said its New Orient and New Eagle servi
CCCC Dredging Wins Davao Land Reclamation Contract
CCCC Dredging, one of the world’s largest players in the dredging industry, has won a contract to build four artificial islands totaling 208 hectares of reclaimed land in the Davao area, the Philippines. The agreement was signed during the Philippines President Rodrigo Duterte’s visit to China last
Societe Generale Goes All In on Offshore Wind in 2016, Cuts Coal Financing
Societe Generale was involved in 100% of offshore wind farm projects financed in Europe this year, the French multinational banking and financial services company said in its announcement that it will stop dedicated coal financing and step up its commitment to renewable energies. This decision will
Societe Generale Goes All In on Offshore Wind in 2016, Cuts Coal Financing
Societe Generale was involved in 100% of offshore wind farm projects financed in Europe this year, the French multinational banking and financial services company said in its announcement that it will stop dedicated coal financing and step up its commitment to renewable energies. This decision will
Prime Minister to Open Mongla Waterway, Inaugurate 11 Dredgers
Sheikh Hasina, the Prime Minister of Bangladesh, will inaugurate the recently dredged Mongla-Ghasiakhali Channel today through a video-conference from her Gonobhaban residence. During today’s opening ceremony, the Prime Minister will also inaugurate eleven newly procured dredgers. A significant amou
NAT to Increase Fleet with Suezmax Trio
Bermuda-based tanker owner Nordic American Tankers Limited has decided to up its fleet to 33 vessels as it signed agreements for three new Suezmax tankers with South Korea’s shipbuilder Samsung Heavy Industries. Featuring 157,000 deadweight tons each, the new vessels are scheduled for delivery to NA