South & Central Asia
International offshore rig count goes further down YOY
Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count for September 2016 was down by 47 rigs year over year. According to the report, the international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 4
BIMCO: Dry Bulk Crisis Could Lead to Major Changes
The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of shipping such as tankers and containers, according to BIMCO’s latest report. Looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties, BIMCO predi
Drewry: Optimism for Multipurpose Shipping Remains Muted
The last three months have been some of the worst the multipurpose and project carrier sector has endured as the breakbulk and project cargo sector remained weak, with little suggestion that volumes will improve significantly until the end of 2017, according to shipping consultancy Drewry. Rates hav
Fiqran to Purchase Three Dredgers from Royal IHC
Fiqran International Trading Ltd, a private sector joint venture between the UAE and Bangladesh, plans to purchase three dredgers from the Dutch dredger builder Royal IHC, according to The Financial Express (FE). Two companies signed a Memorandum of Understanding (MoU) earlier this week in Chittagon
Two Anchored Boxships in Minor Collision off Singapore
The Panama-registered containership Hanjin New York came into contact with the Liberia-registered boxship MSC Claudia while both ships were anchored off Singapore on September 30, according to a Maritime and Port Authority of Singapore (MPA) spokesperson. Namely, at about 6 pm local time, Hanjin New
Report: Tokyo Gas considers swapping LNG cargoes
Tokyo Gas of Japan could swap its United States LNG volumes with equivalent quantities of Asian sourced liquefied natural gas.
BIWTA: Mongla-Ghasiakhali Waterway Reopens
Bangladesh Inland Water and Transport Authority (BIWTA) has reopened the crucial 31 kilometers long Mongla-Ghasiakhali channel, according to the National News Agency – Bangladesh Sangbad Sangstha (BSS). “We have reopened this crucial channel three days ago for vessels with draft as high as 14 feet w
Report: Cosco, China Shipping to Merge Shipbuilding Yards
Two of China’s major shipping companies could merge 11 shipbuilding yards into a single entity, The Wall Street Journal cited sources close to the matter. Namely, China Ocean Shipping Co. (Cosco) and China Shipping Group Co. would reportedly reveal their plans of the merger by early next year. China
Trelleborg provides bearings for Shell’s Prelude FLNG
Trelleborg said its engineered products operation manufactured and delivered bearing solutions for Shell’s Prelude floating liquefied natural gas facility.
Pacific Basin: Vessel Earnings Outperform Market Indices
Hong Kong-listed dry bulk shipping company Pacific Basin Shipping said that its vessel earnings outperformed the dry bulk freight market indices in the third quarter of 2016, which improved for all bulk carrier types from the historically low base recorded in the first quarter. The company generated
Taiwan Seeks Seismometers for Offshore Wind Farm
The government of Taiwan is looking for suppliers of seismometer monitoring equipment as part of an unnamed offshore wind project. The local company is looking for three to four seismometers to be used on an unidentified offshore wind farm, according to the UK’s Exporting Is Great programme. Seismom
APL Enhances Asia-Latin America Coverage
Singapore-based container shipping company APL has added three ports of call to its weekly Asia Latin America (ALX) service. Including Callao (Peru), Da Chan Bay (China) and Valparaiso (Chile), the expanded ALX service is said to offer “a more comprehensive coverage” across Asia, Manzanillo in Mexic