Hong Kong-listed China LNG on 23 September signed agreements with nine Chinese companies to finance LNG vessel projects in China. The nine companies are Jiangsu Dajin Heavy Industries, Jiangsu An Shun ...
China LNG to finance LNG vessel projects in China
Korea EXIM withholds Maersk payment from DSME
The Export-Import Bank of Korea (Korea EXIM) is withholding advance payments for Maersk ship orders from Daewoo Shipbuilding & Marine Engineering (DSME). This has resulted in friction between the ...
Indian government urged to back merchant fleet growth
Indian shipping needs a fund backed by the government to spur growth of the country's merchant fleet, David Rasquinha, deputy managing director of Export-Import Bank of India, has told the INMEX-SMM ...
Only 57% of Sewol victims have sought compensation
With less than a week to go before applications close for compensation relating to the Sewol disaster, only 57% of eligible victims or survivors have applied for compensation. Applications close on 30 ...
Australia’s Incat supplies ferries for London and Sydney Harbour
Australian vessel builder Incat Tasmania will soon have a showcase for its passenger ferries in both central London and Sydney Harbour. The Hobart-based company yesterday won an AUD50 million ...
Viking Supply Ships lays up three PSVs
A weak market has forced Viking Supply Ships, a listed Gothenburg-based offshore services vessel operator, to lay up three platform supply vessels. A company statement said that due to a continuing ...
HPH extends Barcelona concession
The Port of Barcelona has announced a deal with Hutchison (HPH), the operator of its Tercat container terminal, to extend the current 30-year concession by a further 15 years. The port authority said ...
Tropical storm halts Sewol salvage work
Salvage work on the capsized Sewol ferry has been halted for a second time by bad weather. South Korea's Ministry of Oceans and Fisheries said today that divers and other personnel working on the ...
Reclamation works for Busan New Port Phase 2-4 gets jumpstart
Phase 2-4 of the Busan New Port development is getting back on track, with the submission of application documents to commence reclamation works, South Korea's Ministry of Oceans and Fisheries (MOF) ...
China cracks down on port fee overcharging
The Chinese government is tackling port-related fee overcharging, in an effort to curb irregular charges reported in foreign trade. Four Chinese companies were found to be excessively charging for ...
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