Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers…
The board members of China Merchants Energy Shipping (CMES) has approved of a plan to order an additional 10 eco-friendly VLCCs. These vessels will be operated by CMES’ Hong Kong-based subsidiary, China VLCC Company Limited, a tanker JV between CMES and Sinotrans & CSC Group…
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees…
The Assembly of the International Maritime Organization (IMO) has called on its Member States to accept a 2012 international fishing vessel safety agreement, in order to bring it into force and address the heavy casualty rate in the sector…
Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, IRNA reported. The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai…
The $10-billion Adani Group is stringing together a Sagar Mala or necklace of ports dotting India's coastline, said Karan Adani, reports ET. The group is keen to complete its own 'Sagarmala' (Necklace Ocean) dream by having presence in the three key states of Maharashtra…
Germany’s Linde Group will build the first FLNG (Floating Liquefied Natural Gas) facility in Iran, Iran’s oil minister Bijan Namdar Zanganeh said. Zanganeh said that building LNG-producing facility in line with exports of LNG to European countries is a priority for the ministry…
Port of Townsville Limited (POTL) has welcomed the announcement this morning by Treasurer Curtis Pitt and Minister for Ports and Energy and Water Supply Mark Bailey of the appointment of two new locally-based Directors to its Board. Mr Shane…
The Economou family's TMS Cardiff Gas Ltd. has exercised options on its contracts with Hyundai Heavy Industries of Korea for the construction of an additional two 78,700 cbm LPG carriers. Both vessels are scheduled for delivery in Q4 2017…
Sembcorp Marine, one of the world's largest offshore drilling rig producers, expects to record a net loss for the fourth quarter ending December, due to the challenging operating environment and customers deferring or seeking to defer their rig orders…
Rig-builder Sembcorp Marine (SembMarine) is currently embroiled in a dispute with Marco Polo Marine over a US$214.3 million rig construction contract that Marco Polo wants terminated. In a statement on Monday, Macro Polo reiterated its…
Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change…
The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change. The shipping industry is committed to ambitious CO2 emissions reduction across the entire world merchant fleet…
Wood Group has appointed three senior engineering specialists who will lead a new team of up to 20 people in the UK to further build Wood Group’s capability in vibration, dynamics and noise. This follows the acquisition of BETA Machinery Analysis…
The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval. The head of the Suez Canal Authority (SCA), vice admiral Mohab Mamish, has approved the construction of a new access…