Category archives for: South & Central Asia

Additional Container Weighing Legislation Adds to the Burden

Additional Container Weighing Legislation Adds to the Burden

  Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers.   The proposition comes as ever growing number of shipping accidents are caused by overweight containers, incorrect declarations of the loaded container weights, […]

Demand for Ultra-Large Vessels Changes Course

Demand for Ultra-Large Vessels Changes Course

Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry.   The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could catch-up with the projected vessel supply by 2016, said Irish […]

Chinese Export Boom Beneficial to Shipping

Chinese Export Boom Beneficial to Shipping

Strong Chinese exports for the month of June triggered an increase in shipping and port operations worldwide.   Irish Maritime Development Office (IMDO) reports that the analysts expect favourable export tides to flow over to the second half of 2014, with some analysts projecting a double-digit improvements year-on-year. The latest customs data reveal that the […]

Ten Jack-Ups for East Sunrise

Ten Jack-Ups for East Sunrise

Hong Kong-based East Sunrise Group revealed that it has ordered ten jack-up platforms from China Shipbuilding Industry Corporation (CSIC).   The newbuilds, worth around USD 1.6 billion, are scheduled for delivery within 18 months from the start of construction. The first platform is expected to join East Sunrise Group by early 2016, whereas the rest […]

Rosneft to Study Northern Sea Route’s Marine Fauna

Rosneft to Study Northern Sea Route’s Marine Fauna

OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014, the company informed.   The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas with a […]

Bandar Abbas Hosts First Foreign Ship after Sanctions Lift

Bandar Abbas Hosts First Foreign Ship after Sanctions Lift

Wan Hai 512, a 4,680 TEU vessel owned by Thailand-based shipper Wan Hai Lines, has become the first international vessel to call at the port of Shahid Rajayee in Bandar Abbas after lifting of sanctions on the southern Iranian port on 15 July, Iranian Ports and Maritime Organization said.   The vessel was heading from […]

Swissco Wraps Up Scott and English Energy Takeover

Swissco Wraps Up Scott and English Energy Takeover

Singapore-listed Swissco Holdings Limited, a marine service provider for the offshore oil and gas industry, has approved the acquisition of Scott and English Energy Pte. Ltd., for approximately USD 230 million.   Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support major oil […]

Ordering Frenzy at COSCO Shipyards

Ordering Frenzy at COSCO Shipyards

Singapore based COSCO Corporation Limited  has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk carriers.   COSCO (Zhoushan) Shipyard Co., Ltd., has received orders from an unnamed European company to build one DP3 accommodation barge scheduled for delivery in 3Q2016. The same shipyard also received orders […]

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at Sinopacific Offshore & Engineering, China.   Each will be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine. The engines will run on ethane, which ethylene carriers are also equipped […]

Many Govts Still Not Ready for PSC Inspections ahead of Sulphur Switch

Many Govts Still Not Ready for PSC Inspections ahead of Sulphur Switch

The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonised approach to PSC inspections has been developed in advance of the 1 January 2015 deadline with respect to the implementation of the 0.1% Sulphur Emission Control Areas (ECAs), established in accordance with MARPOL […]

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