Shanghai: Capesize and aframax specialist Shanghai Waigaoqiao Shipbuilding is moving into the VLCC sector having signed a letter of intent with Singapore's Ocean Tankers for construction of four 316,000 dwt tankers. SWS becomes China&apos...

Taipei: Chinese Petroleum Corp has granted Japan's NYK a 25-year contract for four LNG ships to move gas from Qatar to a new terminal near Taipei. The contract, starting 2008, is worth as much as $2.7bn a year to move 3m tonnes annually.  [11...

Busan: Busan Port Authority(BPA) said that the huge typhoon Ewiniar that passed by yesterday left no damage to Busan Port even though it struck the Korean peninsula leaving at least seven people dead or missing in torrential rains, flash floods...

Hanoi: The Viet Nam Shipbuilding Industry Group (Vinashin) is aiming to be the fourth largest shipbuilder in the world by 2015. President and CEO of Vinashin Group Pham Thanh Binh spoke about the plan at a ceremony in the capital on July 8 to mark...

New Delhi: The Indian government is finally getting around to upgrading its smaller ports with more than 100 slated for a big infrastructure upheaval as part of a plan to raise the nation's port capacity from 600m tonnes to 2bn tonnes by...

Busan: Indian owner Great Eastern Shipping is spending $50m a piece of a pair of 74,500dwt LR I-type product carriers from South Korean builder STX Shipbuilding for completion between 2008 and 2009. Great Eastern now has four LR I-type and ...

Singapore:  Info@SEA Pte Ltd, a jv involving BMT Asia Pacific and the MPA (Maritime and Port Authority of Singapore), has launched STRAITSFORECAST, an online Digital Tide Atlas for the Malacca and Singapore Straits, designed to support passage...

Nantong: PYI Corp, an investment firm controlled by tycoon Charles Chan Kwok- keung, will invest about HK$800m (US$95m) in the current financial year to acquire ports in the Yangtze River Delta. Possible target ports are Nanjing, Suzhou and...

Busan: Daewoo Shipbuilding & Marine Engineering, the world's second-largest shipyard, has won two orders totaling US$1.84bn for construction of offshore oil drilling equipment. DSME will build a semi-submersible drilling rig for the Brazilian...

Busan: After a brief six-month hiatus former Hyundai Heavy Industries president Yu Kwan Hong is back in the shipbuilding sector, assuming the chairmanship of SunDong Heavy Industries, taking over from the yard's founder H J Jong. SunDong...