Category archives for: South & Central Asia

IMB Warns about New Charter Party Fraud Tactics

IMB Warns about New Charter Party Fraud Tactics

The ICC International Maritime Bureau (IMB) has warned of new charter party fraud incidents and is advising that all counterparties be investigated before deals are carried out. The warning comes after a case where a voyage charterer received payment for freight but failed to pass this on to the ship owner, who subsequently refused to […]

Golden Ocean Buys Ice Class Panamax Vessel

Golden Ocean Buys Ice Class Panamax Vessel

Golden Ocean Group Limited (Golden Ocean) has entered into an agreement to purchase one ice class Panamax vessel resale built at Pipavav Defence & Offshore Engineering Company (Pipavav). Golden Ocean is expected to take delivery of the vessel ex yard during second quarter 2014. The vessel will be named Golden Ruby and is acquired from […]

DongFang Orders Four Bulkers

DongFang Orders Four Bulkers

Shanghai DongFang International Investment Company and shipbuilder China Shipping Industry (Jiangsu) have entered into an agreement for the construction of four 64,000 dwt bulk carriers. Under the deal, construction of the vessels is to start this month, with the delivery slated for May 2015. The newbuildings will be chartered out to China Shipping Group’s bulk shipping […]

Austal Hands Over First Vessel to Turbine Transfers

Austal Hands Over First Vessel to Turbine Transfers

The first of three 27 metre Austal wind farm support vessels has successfully completed sea trials at Austal’s Philippine shipyard and is heading to Europe, where it will commence operations for Turbine Transfers. Christened Church Bay, the first Wind Express 27 catamaran will arrive in the UK in late April 2014 and commence operations shortly […]

Twenty-Nine Vessels Changed Owners Last Week

Twenty-Nine Vessels Changed Owners Last Week

Lion Shipbrokers said that a total of twenty-nine vessels have been acquired by various shippers last week. Seven bulkers, three container vessel and nineteen tankers changed their owners. Lion Shipbrokers said in its weekly report: “The BDI is going south for one more week, standing at 1002 today, just two points away from breaking the […]

Top News of the Week April 7 – April 12, 2014

Top News of the Week April 7 – April 12, 2014

Video: Damen’s Shipment Reaches Rotterdam Last Friday, a shipment that left China seven weeks ago carrying 13 new Damen Stan Pontoons and 10 other Damen vessels arrived in Rotterdam. ILO Visits ‘B Ladybug’ Drifting off Malta International Labour Organization (ILO) representatives visited the crew of the B Ladybug, a Ro-Ro ship, which has been stranded […]

Better Protection for Seafarers

Better Protection for Seafarers

The International Labour Organization (ILO) in Geneva has today agreed in principle two key proposals for amendments to the Maritime Labour Convention (2006) (MLC) which will give seafarers better protection under the Code for repatriation and ship-owners’ liability. Global maritime welfare charity The Mission to Seafarers attended the Special Tripartite Committee meeting and week-long sessions […]

Celsius Shipping on the Rise

Celsius Shipping on the Rise

Monaco-based Celsius Shipping has increased its current orderbook for 24,600 dwt stainless steel chemical tankers to ten firm vessels. Celsius and Nantong Mingde Heavy Industry recently signed a contract for the construction of seven more 24,600 dwt chemical tankers with options for additional four. However, the company didn’t want to comment, other than to say that the […]

ICTSI and GCPI Sign Deal for Iraq’s Largest Port

ICTSI and GCPI Sign Deal for Iraq’s Largest Port

Philippine-based International Container Terminal Services Inc (ICTSI) is about to invest $130 million in Iraq’s largest port, the Port of Umm Qasr, located on the Gulf coast. Through its subsidiary ICTSI (M.E) JLT, the company signed, on April 8th, a contract with General Company for Ports of Iraq (GCPI) to operate, develop and expand container […]

IMO, Bangladesh to Improve Ship-Recycling Industry

IMO, Bangladesh to Improve Ship-Recycling Industry

The International Maritime Organization (IMO) and the Government of the People’s Republic of Bangladesh have signed an agreement to work together to improve safety and environmental standards in the country’s ship-recycling industry. A Memorandum of Understanding formalizing the cooperation between the two was signed by Mr Nicolaos Charalambous, Director, Technical Cooperation Division, IMO and Mr […]

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