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Asia Pacific

Set Alert for Lloyd's List Regional :: Asia Pacific

Sinanju seals two-year LNG-fuelled bunker tanker charter with Exxonmobil

The group will focus on building competencies in handling liquefied natural gas and will work towards bunker deliveries

Singapore Tankers and Gas

Samsung Heavy bags one more LNG carrier

Order comes following the company’s deteriorating bottom line in the second quarter

Asia Pacific Tankers and Gas

Maersk chief says trade war threatens global growth

Consumer spending and changing trade patterns are protecting Maersk from the full impact of the trade war, but recession threats loom

Containers Maersk Group

DBS backs Yangzijiang despite sell-off

DBS analyst Pei Hwa Ho argues Yangzijiang’s share plunge appears ‘overdone’, considering the company’s solid fundamentals

Asia Pacific Shipbuilding

Nam Cheong returns to profit on chartering income

Nam Cheong jumped into the chartering market, expanding its fleet to 34 vessels at the end of June and achieved high utilisation rates to push gross profit 81% higher to RM32.4m and raise overall gross profit margin to 31%

Asia Pacific Offshore

Thoresen Thai posts lower second-quarter profit

The company expects the Baltic Dry Index to continue its upward trend for the remaining quarters of the year

Asia Pacific Dry Bulk
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China

Set Alert for Lloyd's List Asia Pacific :: China

Maersk chief says trade war threatens global growth

Consumer spending and changing trade patterns are protecting Maersk from the full impact of the trade war, but recession threats loom

Containers Maersk Group

DBS backs Yangzijiang despite sell-off

DBS analyst Pei Hwa Ho argues Yangzijiang’s share plunge appears ‘overdone’, considering the company’s solid fundamentals

Asia Pacific Shipbuilding

US delays new 10% China import tariffs on key consumer goods

The hiatus on tariffs offers some relief for US importers ahead of holiday shopping season. The National Retail Federation has called on the Trump administration to develop an effective strategy to address China’s unfair trade practices

Asia Pacific China

US box imports still at near-record levels

Despite the recent imposition of new tariffs of 10% on some Chinese goods entering the US, retail importers expect inbound container volumes to remain strong. But some observers argue that raising those tariffs to 25% would result in lower trade projections

United States China

China mulls opening of coastal trade to foreign carriers

The idea was spelt out in policy planning documents released by the central government this week relating to the expansion of the Shanghai Free Trade Zone

Asia Pacific Containers

Shipbuilding slows on jitters about world economy and IMO red tape

Yangzijiang, which posted lower revenue on fewer newbuild deliveries for the first half to June, is diversifying it business by acquiring a majority stake in an Odfjell-owned LNG terminal

China Shipbuilding
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Japan

Set Alert for Lloyd's List Asia Pacific :: Japan

MOL joins domestic trio to develop fully electric vessels

The new company will also develop a platform to provide a line-up of services that take advantage of electrically powered vessels

Asia Pacific MOL

MOL sets up working group for zero-emission alternative fuel

The group will also engage in study and promotion of the fuel in co-operation with other industries, companies and government agencies

International Japan

Japan’s big three hit by lower dry bulk rates

Product tanker rates set to rise because of an increase in demand for gas oil transportation before the 2020 sulphur cap, said MOL

K Line MOL

ONE posts maiden quarterly profit

ONE has revised up its forecast of profit for this fiscal year to $90m because of a stronger performance in the first quarter

Asia Pacific Containers

35 Tokyo (Japan)

Japan's largest container port has continued to invest in new infrastructure, although throughput growth is slowing

Ports and Logistics Containers

63 Kobe (Japan)

Typhoon Jebi severely impacted throughput at the port, which grew by a fraction of results seen in previous years

Ports and Logistics Containers
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South Korea

Set Alert for Lloyd's List Asia Pacific :: South Korea

South Korea eyes support for US-led coalition in Strait of Hormuz

Although South Korean authorities say there is no plan to join a US-led coalition, observers note that additional parliamentary approval for the anti-piracy unit to join the coalition is not required if the number of personnel remains the same. The Gulf of Aden is just a four-day sail away from the Strait of Hormuz

Middle East and Africa Tankers and Gas

China mulls opening of coastal trade to foreign carriers

The idea was spelt out in policy planning documents released by the central government this week relating to the expansion of the Shanghai Free Trade Zone

Asia Pacific Containers

Restis signs orders for up to four MR2s at STX

Greek owner launches tanker renewal programme for wet arm Golden Energy Management

International Tankers and Gas

South Korea pledges $35bn investment in port expansion

A substantial amount of the funds will be invested in the port of Busan

Asia Pacific South Korea

55 Incheon (South Korea)

Encouraging results were seen at the port during a time of trade tension, with new routes showing diversification

Ports and Logistics Containers

06 Busan (South Korea)

South Korea’s number one port has clearly moved on from the collapse of Hanjin to pursue its next phase of growth
Ports and Logistics Containers
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Australia

Set Alert for Lloyd's List Asia Pacific :: Australia

ILWU International backs Australian dockworkers against DP World's plans for automation

Mr Adams said that DP World’s threat to automate its Australian operations ‘has been condemned internationally’ and that clauses ensuring workers are protected, retrained and reskilled following automation are ‘a priority issue’ for dockworkers around the globe

Australia US States

Zeamarine picks up project for BHP Australia mining complex

The project involves transporting about 450,000 freight tonnes from China to Port Hedland, Western Australia

Europe Germany

Woodside ups preparations at Scarborough gas

The proposed Scarborough gas development, which will pump 4m to 5m tonnes of LNG per annum via the Pluto complex, is due for a final investment decision next year

Australia Tankers and Gas

72 Sydney (Australia)

While volumes handled increased during 2018, the number of ship calls declined as larger vessels visited the port
Ports and Logistics Containers

59 Melbourne (Australia)

Healthy growth is expected to continue following refurbishment at the port

Ports and Logistics Containers

Anglo extends life of coal mine in Australia

The mine’s operations will be extended for six years, Anglo said, extending its life until 2028

Dry Bulk Australia
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