Category archives for: Asia Pacific

Port Owners and Operators Overwhelmingly Optimistic

Port Owners and Operators Overwhelmingly Optimistic

The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed the most optimistic outlook on investment since the annual industry survey began in 2010. 93% of port owners and operators are expecting capital expenditure budgets to increase over the next twelve months and 88% are expecting operational […]

DSME Bags VLGC Duo

DSME Bags VLGC Duo

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured orders for two 84,000-cubic-meter very large gas carriers (VLGCs) from an Asian client.  The price tag of the two vessels, to be built at Okpo yard, stands at a total of USD 160 million. The delivery of the vessels is slated for 2017.  DSME has […]

Scorpio Rejuvenates Tanker Fleet

Scorpio Rejuvenates Tanker Fleet

Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet, all recently delivered. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began […]

Canada’s Energy Sector Looking towards Asian Markets

Canada’s Energy Sector Looking towards Asian Markets

The latest HSBC Global Connections Trade Forecast – which focusses on trends in Canada’s energy sector – advises that global economic activity is expected to strengthen over the coming year, and increased momentum in the US and China should lift Canada’s exports in the short run. In the longer term, Canada’s ability to access fast-growing […]

Australian Maritime Unions to Appeal Court Visa Decision?

Australian Maritime Unions to Appeal Court Visa Decision?

  Australian maritime unions are considering an appeal to the full Federal Court in the wake of yesterday’s ruling of Justice Buchanan in favour of the Abbott Government’s decision covering workers in the offshore oil and gas sector. The Maritime Union of Australia (MUA) and the Australian Maritime Officers Union (AMOU) took the Abbott Government to court […]

Fewer Yards Delivering Ships on Global Scale

Fewer Yards Delivering Ships on Global Scale

The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered together with variations in the number of yards delivering ships (1,000 GT and above), according to the latest report on shipbuilding issued by London-based Clarksons. “In 2005, 334 yards delivered almost 1,600 ships of 72.2m dwt. This rose to 576 yards […]

IMO Finalizes LNG Use Rules

IMO Finalizes LNG Use Rules

United Nations’ International Maritime Organization (IMO) has finalized draft consolidated, internationally binding regulations on the use of liquefied natural gas. The regulations were finalized at the annual session of the IMO Sub-Committee on the Carriage of Cargoes and Containers (CCC 1), where the member States agreed on the contents of the new international code. The […]

Drewry: Tanker Market to Remain Volatile

Drewry: Tanker Market to Remain Volatile

The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, according to the Shipping Insight report published by shipping consultancy Drewry. The index was held back by weaker tanker and LPG charter rates, but overall earnings would have fallen further were it not for some […]

NASSCO Kicks Off 5-Tanker Construction Project

NASSCO Kicks Off 5-Tanker Construction Project

General Dynamics NASSCO and City of San Diego Mayor Kevin Faulconer signaled the start of construction of five American Petroleum Tankers at a steel cutting ceremony for the first tanker, the APT-1, at the NASSCO shipyard in San Diego. “Today’s start of construction ceremony signifies our ongoing relationship with American Petroleum Tankers. NASSCO is pleased […]

Readers’ Picks of the Week (Sep 08-14, 2014)

Readers’ Picks of the Week (Sep 08-14, 2014)

Unmanned Vessels to Take Over Our Seas? Researchers at Norwegian Marine Technology Research Institute (MARINTEK) believe that in ten to twenty years time there will be 200 metre cargo vessels plying the oceans without the need of a captain or crew.…Read more Limited Data Put Svendborg Maersk in Dire Straits The Danish Maritime Accident Investigation […]

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