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Singapore Approves Japan Shipping JV

Photo: Kawasaki Kisen Kaisha

 The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines.   Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK),  announced last year an integration of their

BW LPG Refinances Six Ex-Aurora Ships

Photo: BW LPG

 BW LPG Limited has signed a Debt Facility Agreement of USD290 million for the re-financing of six 2016 built ex-Aurora ships.    The re-financing has been raised from The Export-Import Bank of Korea (KEXIM) as ECA (Export Credit Agency) lender, with ABN AMRO Bank N.V., Singapore branch and Oversea-Chinese

Fast-Track to Operational Service

Photo: Royal Australian Navy

 Less than six months out of basic training, Seaman Maritime Logistics - Personnel Operations Jasmine Lortan is already on the front line of a multi-national operation to counter terrorism and promote maritime security in the Middle East.    Seaman Lortan is one of 190 sailors crewing HMAS Arunta,

CMA CGM Fidelio: Fire on Board

Photo: CMA CGM

 The container ship CMA CGM Fidelio caught fire on 15 nautical miles off Puerto de San Miguel (Ibiza), Spain.   The vessel was en route from Valencia to Malta, when flames erupted in the superstructure.    The Spanish Navy and Maritime Rescue attended the container ship after declaring a fire in the crew cabins at 04:20 hours on March 24.

India's Cochin Shipyard Gears up for IPO

Photo: Cochin Shipyard Ltd

 Cochin Shipyard Ltd (CSL),  India's largest public sector shipyard, has filed  initial public offering (IPO)document with  the market regulator Securities and Exchange Board of India (SEBI)  to go public.  The government approved a stake sale of up to 25 percent.   Cochin Shipyard IPO will consist of 34 million shares to raise about INR 1,

Thailand Boosts LNG Imports

Image: PTT LNG

 Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production, Bloomberg reported.   Southeast Asia’s second-largest economy will boost LNG imports by more than 70 percent this year.   The report said that the country is doing

Gazprom to Cement LNG Ties with Kuwait

Lena River gas carrier. Photo: Gazprom

 Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)  to Kuwait, reports Tass.   The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country, the report said. However, it is too early yet to speak about finalizing them.

Cristobal Colon Arrives in Sydney

ESPS Christobal Colon of the Spanish Amarda arrives in Sydney Harbour. The crew of ESPS Christobal Colon will be helping to train and familiarise crew's of Australia's Hobart Class Air Warfare Destroyers. Photo: Royal Australian Navy

 HMA Ships Darwin, Melbourne and Parramatta have escorted the Spanish Armada's Cristobal Colon into Sydney Harbour as part of her role in providing platform and familiarisation training to Australian personnel.   Over the next three months the ship will assist in enabling Australian Navy people to

UK Chamber Welcomes Immigration Rule Change for International Seafarers

Photo: UK Chamber of Shipping

 The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for international students, extending the time limit to three years for educational courses which are below degree level but subject to MCA regulations that the applicant must spend 12 months at sea.   Until now,

Hapag-Lloyd: Positive Operating Result in a Challenging Environment

Photo: Hapag-Lloyd AG

 Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC.   Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.

IMO Contributes to Meeting of Asia-Pacific Ship Safety Heads

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) is participating in the annual gathering of Asia Pacific Heads of Maritime Safety Agencies (APHoMSA) in Langkawi, Malaysia (20-24 March).    Participants from 24 IMO Member States as well as observers from IALA, IHO and SPC are taking part in discussions surrounding APHoMSA's work to promote safe,

Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates

File photo: Hapag-Lloyd

German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.   The shipping industry has been grappling with a prolonged downturn brought about by overcapacity in a faltering global economy,

Asian Spot LNG Prices Slip on Weak Demand

© Altin Osmanaj / Adobe Stock

 Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.   The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States.

Eight Damen Interceptors for Panama

(Photo: Damen)

The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on February 6, 2017.   Coinciding with the vessel handover,

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