Category archives for: South & Central Asia

Global Liner Reliability Drops

Global Liner Reliability Drops

A global decline in performance of shipping lines has been recorded in July for the first time since February, according to SeaIntel’s latest Global Liner Performance report. The drop amounts to almost four percentage points from 75.6% in June to 71.6%, the report shows. Shipping giants Maersk Line, Hamburg Süd and Hanjin are still the most reliable liners, […]

East-West Shippers Get Some Breathing Space

East-West Shippers Get Some Breathing Space

Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 6% between March and July, enabling hard-pressed shippers to reduce their costs, according to the results of Drewry’s Benchmarking Club. The cost reduction, based on contract freight rate data provided confidentially by Asian, American and European retailers and manufacturers to the […]

Van Oord Strengthens SRI Fleet

Van Oord Strengthens SRI Fleet

Van Oord has ordered a new subsea rock installation vessel. Sinopacific Shipbuilding Group Shanghai will build the vessel at its Ningbo yard in China, with delivery scheduled for 2016. Subsea rock installation is a proven technique for the protection and stabilisation of offshore structures and pipelines, and is one of Van Oord’s main activities for […]

India Eyes Port of Chabahar’s Upgrade

India Eyes Port of Chabahar’s Upgrade

The Government of India has assigned USD 100 million for upgrading the port of Chabahar in Iran, the final objective being trade boost with Afghanistan and other Central Asian countries, as explained by Afghan envoy to India Shaida Mohammad Abdali cited by the Press Trust of India (PTI). The Port of Chabahar is the only Iranian port with […]

Sewol Bill Still Pending as Victims’ Families Head to the Streets

Sewol Bill Still Pending as Victims’ Families Head to the Streets

A strong pressure is being exerted on South Korean National Assembly to adopt a special bill which is aimed at determining the cause behind the Sewol ferry tragedy that killed around 300 people in April, predominantly high school students. The pressure is further fuelled by the protest of hundreds of people who, as reported by Yonhap, joined  […]

Have Your Say on Green Agenda

Have Your Say on Green Agenda

Growing concerns about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. The Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling, are working together to investigate perceptions of the ‘Green Agenda’ and whether shipping companies […]

Chinese Boxship Sinks

Chinese Boxship Sinks

Chinese container ship Tao Yan sank following a collision with another container ship Gang Tai Tai Zhou on August 25 some 10 nautical miles off Tianjin port, the Bohai Sea, China. Tao Yan’s side cargo holds under the waterline were breached by Gang Tai Tai Zhou’s bow,  allowing for water ingress and causing the vessel to list heavily and subsequently […]

Interlink Invests Heavily in Bulker Fleet

Interlink Invests Heavily in Bulker Fleet

American bulk carrier owner Interlink Maritime is pursuing an aggressive fleet expansion plan comprising up to eighteen bulkers ordered at three Chinese yards. Five  39,000dwt bulker orders have been placed with Zengzhou Shipbuilding. The contract includes options for five more. The five, worth $240m, will start delivery at the end of the 2015, continuing into the middle of 2016. The quintet, […]

Batam Shipyard Explosion Kills Three

Batam Shipyard Explosion Kills Three

Three workers of Batam-based PT Bandar Abadi shipyard, Indonesia died and eighteen were injured in a blast that occurred on Friday, August 29 onboard a ship that was undergoing repairs at the yard, the Jakarta Post writes. One person is still missing, based on the latest reports. According to the local police chief Comr. Zainal Arifin, the […]

SHI Merging with Samsung Engineering

SHI Merging with Samsung Engineering

South Korean shipbuilding giant Samsung Heavy Industries (SHI) has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. The merger between Samsung Heavy Industries and Samsung Engineering was decided during their board of directors meeting on September 1 to create a “world-class total solution provider […]

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