Category archives for: South & Central Asia

Readers’ Picks of the Week (Sep 15-19, 2014)

Readers’ Picks of the Week (Sep 15-19, 2014)

Battling for Supremacy in Shipping World As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel.…Read more Cosco Books Five Mega Container Ships China Cosco Holdings Co (CCHC) has placed an order for the construction of […]

IMO Secretary-General Rules Out Reappointment

IMO Secretary-General Rules Out Reappointment

International Maritime Organisation (IMO) Secretary-General Koji Sekimizu has disclosed his decision not to seek reappointment at the fulfilment of the current term at the end of 2015. Secretary-General Sekimizu stated that reasons of personal nature led to the decision not to seek reappointment. “I would like to retire from IMO at the end of the current term […]

Battling for Supremacy in Shipping World

Battling for Supremacy in Shipping World

As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel. The slightest upgrades in size or efficiency can bring in enormous profits or slash operational costs on a global scale. As a result, the industry will soon […]

Irano Hind Value Estimates USD 37 Million Apart

Irano Hind Value Estimates USD 37 Million Apart

Shipping Corporation of India (SCI) and Iran Shipping Lines are finding it hard to wrap up their 39-year-old joint venture Irano Hind Shipping Lines due to the differences in the valuation of the company.  SCI estimates its 49% stake in the joint venture to be USD 132 million, while Iran Shipping Lines has valued SCI’s stake at USD 95 million, […]

Maersk CEO Meeting with Chinese Authorities on 2M

Maersk CEO Meeting with Chinese Authorities on 2M

Chief Executive of Danish container shipping company Maersk Line, Soren Skou, is in China paying visits to local authorities so as to clear the air for the proposed vessel sharing alliance with its Swiss counterpart Mediterranean Shipping Company (MSC). Maersk Line’s CEO has met with the director-general of Commerce Ministry’s Anti-Monopoly Bureau, Shang Ming, with whom he […]

Maersk, MSC Call US Regulator to Approve 2M

Maersk, MSC Call US Regulator to Approve 2M

Senior executives representing shipping giants Mediterranean Shipping Company (MSC) and Maersk Line are in Washington to clear any doubts the US Federal Maritime Commission (FMC) might have on giving the green light to the recently-announced 2M vessel-sharing agreement between the two companies. The executives asked U.S. regulators to swiftly approve their joint venture so as […]

Platts JKM: October Spot LNG Prices on the Rise

Platts JKM: October Spot LNG Prices on the Rise

Prices of spot liquefied natural gas (LNG) for October delivery to Asia gained 19.8% on a month over month to an average $12.826/MMBtu per million British thermal units (/MMBtu), according the latest Platts Japan/Korea Marker (Platts JK) for month-ahead delivery released yesterday at the 2014 Platts LNG Forum in London. This marked the first month-over-month […]

Cosco Sheds Deadweight

Cosco Sheds Deadweight

China Cosco Holdings Company Limited  had disassembled eight bulk carriers with the aggregate capacity of 553,798 deadweight tonnes throughout July and August 2014. The scrapping is in line with Cosco’s recent decision regarding restructuring of its shipping fleet, and the decommissioning and disposal of aged vessels. The vessels, sold as scrapped to third-party buyers for RMB 155.5 million (USD […]

Things to Know when Navigating in Sea Ice

Things to Know when Navigating in Sea Ice

There are many sea ice properties that can affect an offshore vessel’s navigation performance in sea ice. The most obvious is the thickness of the ice but other properties, such as hardness, are also important. In the following excerpt taken from OCIMF latest report on Offshore Vessel Operations in Ice and/or Severe Sub-Zero Temperatures in […]

Image of the Day: Blending with the Sea

Image of the Day: Blending with the Sea

The image shows Princess Cruises’ MS Royal Princess steaming her way to the next adventure as the sunset-lit sky embraces the sea. The ship was built in 2013 by Fincantieri at their shipyard in Monfalcone, Italy.   World Maritime News Staff, September 18, 2014; Image: Princess Cruises   Follow @worldmaritimene

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