Asia News

Stena Sonangol pool returns slashed

Houston-based operator Stena Sonangol Suezmax Pool has blamed high levels of tanker deliveries for plunging returns this year.The company, which runs 20 suezmaxes of 3.15m dwt, said time charter equivalent earnings (TCEs) were $13,616 in the first quarter, from $24,719 in the same period of 2017.It logged 1,642 revenue days…
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ABS Informs Industry at Singapore Maritime Week

ABS executives informed the industry conversation at Singapore Maritime Week, with presentations on the growing cyber security threat to maritime, new opportunities to take advantage of data and the huge potential of LNG shipping for the region.Speaking at the Singapore Maritime Cyber Security Seminar, ABS Chief Digital Officer…

Cables hit by typhoons but Internet links here intact, Singapore News & Top Stories

Internet users in Singapore managed to escape severe slowdowns and service disruption despite damage to undersea cables in the wake of typhoons that ravaged Hong Kong and Macau last week.Although cables belonging to Internet service providers (ISPs) Singtel and StarHub were damaged during the storms, redundancies put in…

Facility Monitoring System Allows Logistics Company to Focus On Supply Chain For Drug Manufacturers

Keppel Logistics operates world-class logistics facilities with state-of-the-art IT infrastructure, and relies on the new Rotronic Monitoring System in their warehouses.In Keppel’s storage spaces, temperature monitoring is key. Koppel’s customers in the pharmaceuticals sector utilize both air conditioned and non air conditioned…

Asia-Pacific Subsea Tree Market Outlook, Geographical Segmentation, Industry Size & Share, Comprehen

A new research study from HTF MI with title Asia-Pacific Subsea Tree Market Report 2018 provides an in-depth assessment of the Subsea Tree including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts…

Texas City hosts first supertanker as U.S. crude gushes | Work & Money

A 2-million-barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export.The Nave Quasar, which is called a Very Large Crude Carrier, signaled from the jetty at the Gulf of Mexico terminal on Friday morning, according to vessel-tracking data compiled…

Retrenchment from global trade will hurt U.S. workers and logistics network – Daily News

The ports in Southern California, and all the vast freight rail and intermodal infrastructure that support them, are on the front lines of the current uncertainties surrounding U.S. trade policy. The volatility surrounding international trade has been intense, particularly with China and our North American trading partners. While this dynamic underscores the strength and importance of U.S.

Retrenchment from global trade will hurt U.S. workers and logistics network – Press Telegram

The ports in Southern California, and all the vast freight rail and intermodal infrastructure that support them, are on the front lines of the current uncertainties surrounding U.S. trade policy. The volatility surrounding international trade has been intense, particularly with China and our North American trading partners. While this dynamic underscores the strength and importance of U.S.

Business news in brief

Time Warner pays CEO $49M for 2017NEW YORK -- Time Warner Inc. gave Chief Executive Officer Jeff Bewkes a 50 percent pay increase from 2016 to $49 million, with most of the raise tied to its pending merger with AT&T Inc.Bewkes, 65, got 332,226 restricted shares valued at $32 million that will vest over five years, according to a regulatory filing Friday.

Wooden Philippine boats to retrace historic China voyage

1 / 2The wooden boats from the Philippines are retracing a historic 15th-century voyage to China (AFP Photo/NOEL CELIS)Crafted from a centuries-old design, three identical wooden boats set off from the Philippine capital for China on Saturday to retrace a historic trip by a Filipino sultan and showcase longstanding maritime…

Global Marine Grease Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2018-202

Worldwide Marine Grease Market 2018 Report presents a professional and deep analysis on the present state of Marine Grease Market. The study of Marine Grease industry is very important to enhance business productivity and for the study of Marine Grease market forecast. Global Marine Grease market 2018 is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025…

Ship Breaking Market Is Driven by Rising Demand from Emerging Nations, Globally - Press Release

This press release was orginally distributed by SBWireAlbany, NY -- (SBWIRE) -- 04/27/2018 -- Ship breaking is the process of dismantling decommissioned ships and similar vessels to extract scrap metal and demolish the huge ship structure. It is also known as ship demolition, ship cracking, or even ship recycling, at times.

Better battery packaging on planes overlooks other safety concerns

A passenger plane flies through aircraft contrails in the skies near Heathrow Airport in west London, April 12, 2015. REUTERS/Toby MelvilleMoreBy Allison Lampert and Jamie FreedMONTREAL/SINGAPORE (Reuters) - New global packaging standards expected in late 2018 will allow lithium-ion batteries back into passenger plane cargo holds…
Renewable Propulsion for Marine Vessels Market

Deltamarin, Eniram, Norsepower, Echandia Marine – Northwest Trail

The latest industry report that focuses on Renewable Propulsion for Marine Vessels Market and gives a professional and in-depth Global Renewable Propulsion for Marine Vessels market analysis and future prospects of Renewable Propulsion for Marine Vessels market 2018. The analysis report begins with the audit of the business condition and characterizes industry chain structure…

Deutz (ETR:DEZ) PT Set at €7.00 by Commerzbank

Commerzbank set a €7.00 ($8.54) price objective on Deutz (ETR:DEZ) in a report issued on Thursday, April 19th. The firm currently has a neutral rating on the stock.Several other analysts also recently issued reports on the company. Warburg Research set a €9.30 ($11.34) price target on Deutz and gave the company a buy rating in a research note on Thursday, April 19th.

Comparing Dril-Quip (DRQ) & Its Competitors

Dril-Quip (NYSE: DRQ) is one of 14 public companies in the “Oil & gas field machinery” industry, but how does it weigh in compared to its peers? We will compare Dril-Quip to similar companies based on the strength of its dividends, valuation, earnings, risk, institutional ownership, analyst recommendations and profitability.

WFW advise on Euronav financings

Watson Farley & Williams LLP (“WFW”) acted for Crédit Agricole Corporate & Investment Bank in relation to a US$173.5m loan facility for Euronav NV signed on 22 March 2018. This facility provides financing for four ice-class suezmax newbuildings under construction by Hyundai Samho Heavy Industries Co., Ltd., two of which…

Australia's forgotten indigenous World War II veterans - KTVQ.com | Q2 | Continuous News Coverage

By Aaron Smith CNN TORRES STRAIT, Australia (CNN) -- Almost every able-bodied Indigenous man throughout Australia's Torres Strait Islands signed up to defend their country against the threat of invasion during World War II, despite not being recognized as citizens.The country's first and only all Indigenous army unit, the Torres Strait Light Infantry Battalion…

206 Ships Were Sold for Demolition During the First Quarter of 2018

There were a total of 206 ships broken in the first quarter of 2018. Of these, 152 ships were sold to the beaches of South Asia for dirty and dangerous breaking [1]. So far this year, 10 workers have lost their lives and 2 workers have been severely injured when breaking ships in Chittagong, Bangladesh. Another two workers were reported dead after an accident at a shipbreaking yard in Alang…

Texas City hosts first supertanker as U.S. crude gushes out

LONDON (Bloomberg) -- A 2 MMbbl-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export.The Nave Quasar, a Very Large Crude Carrier, signaled from the jetty at the Gulf of Mexico terminal on Friday morning, according to vessel-tracking data compiled…