South & Central Asia
New Priok Container Terminal Opens
Indonesian President Joko Widodo yesterday inaugurated an expansion of the country’s main seaport – the New Priok Container Terminal (NPCT) 1, Reuters reports. During the opening ceremony of NPCT 1, which is the first of five phases of an expansion of Indonesia’s Tanjung Priok Port, President Widodo
India Step Closer to Using LNG to Fuel Barges
The Haldia Dock Complex, under India’s Kolkata Port Trust, revealed plans to set up LNG storage facilities near the Haldia Oil Jetty No. 1 as it designated some 10 acres of land for a period of 30 years for the project in light of the country’s efforts to introduce the use of LNG as fuel for barges.
Terntank’s second LNG-powered tanker delivered
Danish shipping company, Terntank Rederi informed it has taken delivery of its second LNG-powered newbuild at AVIC Dingheng Shipbuilding in China.
Hanjin Shipping Gets Cash Injection from Parent’s Chairman
South Korean container carrier Hanjin Shipping received a cash injection from the head of its parent company, Hanjin Group, as well as from its former chief, according to Yonhap News Agency. Namely, the ailing shipping firm reportedly received some KRW 40 billion (USD 35.5 million) from Cho Yang-ho,
FKAB Completes 3rd Ship Conversion for ZPMC
Swedish marine engineering company Fartygskonstruktioner AB (FKAB) has completed the conversion of MV Zhen Hua 32 from a bulk carrier to a heavy deck cargo ship. Owned by China-based ZPMC’s Shanghai Zhenhua Heavy Industries Company Limited, the converted ship is now able to carry large equipment suc
Yokohama Receives First LNG Shipment from Gorgon
The 2009-built liquefied natural gas (LNG) tanker Energy Confidence has transported the first shipment of LNG produced by the Western Australia’s Gorgon project to an LNG terminal in Yokohama City, Kanagawa Prefecture. Featuring a length of 289 meters and a width of 49 meters, the tanker arrived at
BPS to replace faulty bioWAVE cable
BioPower Systems (BPS), an Australian wave energy developer, has identified a damage on the cable that links its bioWAVE wave energy device to the onshore grid.
Drewry: Perishable Reefer Trade to Continue Growing
Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach 120 million tonnes, increasing by an average of 2.5% per annum, according to global shippin
Tokyo Gas August sales flat
Total gas sales by Japan’s Tokyo Gas reached 1,216.46 million cubic meters in August, only 0.4 percent below the level reached in the same month in 2015.
IADC: New Terra et Aqua Available
The International Association of Dredging Companies (IADC) has just published the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standa
Kogas to build LNG terminal in Brazil
South Korea’s Kogas, the world’s second-largest buyer of LNG signed a memorandum of understanding for cooperation on the development of an LNG import terminal with the Ceara state in Brazil.
BIMCO: Lowest Level of Newbuilding Contracts in 20 Years
Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to BIMCO. After a decline from 2010 to 2012, shipbuilding had a rebound in 2013 and w