Increasing business transactions between Greece and China has led to a strengthening of relations and the development of the mutual cooperation in the field of commercial arbitration.
Shanhaiguan Shipbuilding Industry Co, subsidiary of China Shipbuilding Industry Company (CSIC), has inked an order to build two 38,500 dwt dry bulk carriers for a domestic shipowner.
The Russian Maritime Register of Shipping (RS) has signed a contract with Baku Shipyard to class three 38 m high-speed crew boats (designer - SHIPTECH, Singapore) for Azerbaijan State Caspian Sea Shipping Company.
Hong Kong line Orient Overseas Container Line (OOCL) had a good second quarter with total volumes rising 11.2% to 1.45m teu from 1.31m teu previously. Total revenues also increased by 6.8% to $1.50bn from $1.41bn in the second quarter of last year.
Sarawak-based shipping conglomerate Shin Yang Shipping Corp (Syscorp) is expanding steadily, initiating services between ports in Indonesia, while also starting up operations at the new Samalaju Port in Bintulu.
GTT has received a major order for LNG containment systems to be installed on nine icebreaking LNG carriers under construction at Daewoo Shipbuilding and Marine Engineering for Russia's Yamal LNG project.
CNOOC Energy Technology & Service, Teekay LNG Partners, China LNG Shipping (Holdings) Limited and BW Gas have raised $787m to part finance the four LNG carriers.
Sometimes the global fight against piracy is bit reminiscent of one of those “whack-a-mole” games in amusement arcades – every time you bash down the mole in one place it pops up in another. In the late 1990’s and into the first part of the 2000’s Southeast Asia was the global blackspot, however, pressure on regional governments saw the problem brought under control.
China Offshore Oil Engineering Co’s (COOEC) subsea division is planning to acquire a deepwater multi-purpose subsea services support vessel at a price of RMB1.42bn ($229.2m).
In the wake of the Glenn Marine debacle, big corporate raiders are picking up the spoils with major yard players Boustead Holdings acquiring 69.88 acres of land in Pulau Indah for MYR310m ($97.7m) as it eyes expansion in the oil and gas (O&G) sector, local reports said.