South & Central Asia
Spotted: Terntank Welcomes Second Chemical Tanker
On September 12, 2016, Swedish tanker owner Terntank took delivery of M/T Ternfjord – the second in a series of four 15,000 dwt chemical tankers with a dual-fuel two-stroke engine being built by China’s Avic Dingheng Shipbuilding. M/T Ternfjord left the shipyard one day later to load cargo destined
MES Hands Over Newbuild Bulker to SBI Poseidon Shipping Company
Japanese shipbuilding company Mitsui Engineering & Shipbuilding (MES) has delivered a 60,432 dwt bulk carrier MV SBI Poseidon to SBI Poseidon Shipping Company, Marshall Islands. The SBI Poseidon represents the 14th ship in MES’ neo60BC series and the third eco-ship in the shipbuilder’s neo series. T
India to set up storage facilities to support inland LNG shipping
Haldia Dock Complex under India’s Kolkata Port Trust has recently earmarked about 10 acres of land for a period of 30 years for setting up of LNG storage facilities set to support the use of LNG as fuel for barges.
Indonesia Opens New Priok Container Terminal
The first of five expansion phases at Indonesia’s Tanjung Priok port was officially inaugurated on September 13 as the country’s President Joko Widodo opened the New Priok Container Terminal (NPCT) One in Kalibaru. The new container terminal is expected to add 1.5 million TEUs per year to the port o
IEA: Oil demand growth slowing at faster pace
Global oil demand growth is slowing at a faster pace than initially predicted, International Energy Agency said in its Oil Market Report (OMR) for September. For 2016, a gain of 1.3 mb/d is expected – a downgrade of 0.1 mb/d on IEA’s previous forecast due to a more pronounced third quarter 2016 slow
Klaveness to Take Delivery of 3 CABU Carriers Soon
Norwegian shipping company Torvald Klaveness has revealed that three 80,500 dwt CABU combination carriers being built for the company by China-based Zheiang Ouhua Shipbuilding will be delivered soon, starting from this September. The naming ceremonies for the first two vessels, MV Balboa and MV Baff
Eastern Pacific Orders Tanker Duo from Hanjin Subic
Singapore-based shipping company Eastern Pacific Shipping has placed an order for two 115,000 dwt ECO Aframax tankers with the Philippines’ shipbuilder Hanjin Subic, according to data provided by VesselsValue. The contract, which will see the company pay USD 43 million for each ship, includes an opt
WATCH: Kreuz Subsea Launches Newbuild DSV
Singapore-based Kreuz Subsea has launched its second newbuild diving support vessel (DSV) the “Kreuz Challenger”, constructed at Vard. The vessel of VARD 3 17 design, with a total length of 91.2 meters and a beam of 21.5 meters, has been developed especially for undertaking light construction, SURF
Gener8 Maritime Adds Two More ECO VLCCs
US-based crude oil shipping company Gener8 Maritime has taken delivery of two ECO Very Large Crude Carriers (VLCCs), the Gener8 Perseus and the Gener8 Oceanus, from South Korean shipbuilders. The Gener8 Perseus was delivered to the company from Hyundai Heavy Industries (HHI) on September 9, 2016, an
Kogas Aug sales rise 5.6 pct
South Korea’s Kogas, the world’s second-largest buyer of LNG, said its sales volume rose 5.6 percent in August as compared to the corresponding month a year ago. Kogas sold 2.20 million mt of LNG in August, compared to 2.08 million mt in August last year, it said in a filing to the stock exchange. S
Gabadi in LNG deal with Chinese shipyard
Gabadi of Spain said it has signed an agreement with a Chinese HRDD Shipyard (Huarun Dadong Dockyard) for the repair of liquefied natural gas carriers.
Oil Search, ExxonMobil buy exploration acreage offshore PNG
Oil Search and ExxonMobil, partners in the US$19 billion PNG LNG project, have agreed to purchase acreage in the Gulf of Papua from a company owned by China’s CNOOC Limited. The two companies entered into agreements with Gini Energy Limited to acquire each a 40% interest in PPL 374 and PPL 375, loca