Singapore: It's a bumper issue of exclusives in the latest issue of Seatrade Asia Week out Friday afternoon. One the front there's news of a fire sale under way of  the ships that were owned by now bankrupt Korean line Samho Shipping. Product carriers and the VLCC Samho Dream are converging in Hong Kong waters to be sold off by lead creditor Shihan Bank.

    LNG demand to soar

    Inside we look at the curious juxtaposition whereby AP Moller-Maersk decides to offload its LNG fleet, while BW's boss Andreas Sohmen-Pao suggests there's a need for 50 more LNG ships by 2015. We recall how Maersk offloaded its dry bulk interests in 2002, ahead of a five year bonanza for bulk freight rates.

    Rena casualty update

    There's also the very latest from the North Island of New Zealand and the stricken Rena containership where salvage operations are proving tricky.

    India Shipping Summit special

    In the week of the Seatrade co-organised India Shipping Summit there is a strong focus on news from the sub-continent including Mercator's plans to up its number of dredgers.

    If you would like to read more of these stories, and much more on what is happening in shipping and maritime in Asia contact us for a free trial by emailing info@seatrade-asia.com

(source:www.seatrade-asia.com )