South & Central Asia
Klaveness Sells Final Newbuilt Kamsarmax Bulker
Norwegian shipping company Torvald Klaveness has sold its final newbuilt Kamsarmax vessel MV Bavang to Asian interests, according to the company. The 82,000 dwt bulk carrier, which was delivered in February this year from China’s Yangzijiang Shipbuilding (YZJ), was one out of an eight order deal mad
BIMCO: Demolition Activity Rising Again
Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association BIMCO. A total of 36.2 million dwt was demol
AG&P Unveils Ultra-Shallow Draft LNG Carrier
The Philippines-based infrastructure solutions provider AG&P (Atlantic, Gulf and Pacific Company) has launched its ultra-shallow draft 4000 – 8000m³ liquefied natural gas (LNG) carrier, capable of accessing rivers and shallow harbors with a draft of only two meters. In a first for the rapidly emergi
Gothia Tanker Alliance companies order two LNG-fueled vessels
Furetank Rederi and Älvtank have extended the order for two more intermediate product/chemical tankers with LNG propulsion at Avic Dingheng Shipbuilding.
GulfNav Orders Six Chemical Tankers from Wuchang
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has placed an order for six chemical tankers at China’s Wuchang Group as part of the company’s strategic long-term partnership with the shipbuilder. GulfNav said that the move aims to meet the increasing demand for transferring chem
AG&P launches new small-scale LNG carrier design
AG&P (Atlantic, Gulf and Pacific Company) on Wednesday launched a new design for an ultra-shallow draft 4,000-8,000-cbm LNG carrier.
OEECLive: Watch Two Live Streams on Wednesday!
Offshore WIND crew are at the Offshore Energy Exhibition and Conference in Amsterdam, the Netherlands. On the second and final day of the event, we will be live streaming two talk shows from Community Square at the exhibition floor. First up is a talk show themed “From bust to boom” where there will
Clarksons: World Fleet Growth Returning to ‘Pre-Boom’ Levels?
The pace of world fleet growth has slowed down with the fleet expanding by 3.1% over the last 12 months, representing the lowest level of monthly year-on-year growth reported since the early 2000s, according to Clarksons Research. More limited contracting and lower delivery volumes combined with fir
Hanjin Disposes of Capesize Bulker
South Korea-based shipping company Hanjin Shipping is selling its bulk carrier Hanjin Cape Lambert for a price of USD 19 million, according to data provided by VesselsValue. The 2009-built Capesize, which features 179,100 dwt, was purchased by Indian shipowner Great Eastern Shipping. The bulker was
DSME Hires GTT to Equip Two LNG Carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered the NO96 cryogenic membrane containment systems for two new liquefied natural gas (LNG) carriers from French marine engineering company GTT. The NO96 systems, scheduled for delivery in 2019, will be installed on two
SeaPlanner Eyes Southeast Asian Offshore Wind Market
UK based company, SeaPlanner Ltd, is to launch an international tender for businesses in the South East Asia offshore wind market interested in entering a reseller agreement for the company’s marine management software solution – SeaPlanner. SeaPlanner is a management and monitoring system which has
OEEC: O&G Supply Chain Can Benefit from Renewables
Oil & gas supply chain sector should start looking into ways to diversify into renewables as oil is expected to gradually lose its share in the fossil fuel mix and renewables are projected to be the fastest growing fuel source, Paul Appleby, BP’s head of Energy Economics, said during a panel discuss