July 9th, 20180Just as China has signalled its exit from the international ship scrapping scene, Bangadesh has stepped up to the plate, sealing its first ever deal to recycle a ship to Hong Kong Convention compliant rules.
When Beijing announced it would stop accepting overseas ships for recycling at the end of this year it left a big hole for...
May 28th, 20180Bangladeshi owner Meghna Marine has placed an order at China’s Taizhou Shipbuilding for the construction of a 64,000dwt ultramax bulker, with an option for one more, according to brokers.
Delivery for the firm vessel is scheduled in 2020.
Chittagong-based bulker player Meghna Marine is a shipping unit of Bangladesh’s...
November 6th, 20170Greek owner New Vision Shipping has sold the 53,000 dwt , a 14-year-old supramax, to Bangladeshi buyers, Akij Group, sources tell Splash.
Akij Group is an emerging vintage specialist, hungry for tonnage. This week the outfit paid $9.7m for the elderly ship, a little more than it usually pays for its ships. Last year the Akij Group had...
October 30th, 20170China continues to reshape energy flows into the Bay of Bengal.
Having constructed pipelines through Myanmar into China, Beijing has just signed up to help Bangladesh build its own oil import infrastructure.
China will help build a 220 km pipeline, which includes a 146 km offshore stretch, taking oil from tankers into the south...
October 24th, 20170Bangladesh now has a ship recycling yard that is in line with the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships (HKC). Italian class society RINA has given PHP Family’s recycling yard in Chittagong a statement of compliance (SoC).
Dr Anil Sharma, president and CEO of cash buyer GMS, commended PHP,...
September 25th, 20170Clarkson Research has clearly illustrated how secondhand bulker prices have risen in the past 12 months.
Aggressive Bangladeshi owner Meghna Shipping have been revealed by the London research outfit as the buyers of the supramax. The 2006-built vessel was inspected by over ten buyers with Japanese owner Sanzo Enterprise managing to...
September 12th, 20170Little known Bangladeshi company Symphony has doubled its money in just over a year in its first asset play.
Broking sources tell Splash that it’s just flipped a ship it bought in July last year, one of three bulker handies it bought in 2016.
Last year it took the 48,000 dwt Blue Sapphire from Greece’s Diversified Shipping for...
July 31st, 20171Bangladesh Shipping Corporation (BSC) is in negotiations with Chinese lenders for an eight-ship order.
BSC already has three bulk carriers and three product tankers on order in China for delivery from the middle of next year with funds made available from China’s Exim Bank.
The new orders are likely to be placed at BSC’s...
July 26th, 20170Four NGOs in Bangladesh are calling for management at the nation’s Shipping Ministry to be forced to publish their bank statements in a bid to fight massive corruption seen within the government body.
The four organisations point out that nothing has been done to fight the systematic corruption dogging the department despite...
July 25th, 20170Two Chittagong dockworkers were found dead this morning. The two men were helping unload logs from a Precious Shipping vessel, the . The pair were found deep inside one of the holds of the ship.
A local police chief commented: “We are still not sure about how they died. They might have slipped from the stairs in the ship and died...
