South & Central Asia
Video: Teekay’s third MEGI LNG newbuild, Torben Spirit
Teekay Corporation currently has seven MEGI LNG carriers in various stages of build at the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
Chevron produces first gas at Bangka
Chevron has achieved first natural gas production on Wednesday from the Bangka field development project in East Kalimantan, Indonesia.
BP, CNPC pen second shale gas PSC
BP on Thursday said it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).
Vallianz won’t pay $63 million sought by Swiber judicial managers
Vallianz Holdings, a Singapore-based offshore vessel owner, does not want to pay a multi-million claim sought after by Interim Judicial Managers of Swiber Holdings, a struggling oilfield services provider. In a statement on Wednesday, Vallianz Holdings said it had been served with letters from the i
IOC to utilize expanded Dahej LNG terminal capacity
Indian Oil Corporation is reportedly aiming to continue importing a minimum of two cargoes of liquefied natural gas each month following the recent expansion of the Dahej LNG terminal.
Maersk Tankers, Wärtsilä Sign EC BWMS Order
Maersk Tankers, the tanker operating arm of the Danish shipping conglomerate Maersk, has ordered Wärtsilä’s Electro Chlorination (EC) Ballast Water Management System (BWMS) for three new 50,000 dwt medium range (MR) tankers being built at the Samsung Heavy Industries (Ningbo) yard in China. The orde
Picture of the day: Teekay’s second MEGI LNG carrier Oak Spirit
Teekay’s second M-type, Electronically Controlled, Gas Injection (MEGI)-Type LNG carrier began its service under a five-year charter agreement with Cheniere Energy on August 1.
Royal IHC Lays Keel of TSHD Mahaa Jarraafu
Royal IHC recently held a keel-laying ceremony for Maldives Transport and Contracting Company (MTCC) new hopper suction dredger “Mahaa Jarraafu”. The keel of the new dredger was laid on 25th August at a special ceremony held at Nantong Rainbow Marine Technology Boat Yard in China. The ceremony was i
Second LNG MEGI Joins Teekay’s Fleet
Owner and operator of liquefied natural gas carriers Teekay LNG Partners took delivery of the Oak Spirit, the second of nine LNG newbuilding vessels powered by M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, on August 1, 2016. The Oak Spirit joined its sister vessel, the Creole
MOL to Start Study on Big Data in Ocean Shipping
Japanese shipping company Mitsui O.S.K. Lines (MOL) has, together with its subsidiary MOL Information Systems, entered into an agreement with Yokohama National University to conduct a joint study on the analysis and use of big data related to ocean shipping. The joint study is aimed at developing th
Hanjin Files for Court Receivership, HMM to Buy Its Assets
The financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the South Korean carrier decided to file for court receivership. Following the company’s move, Korean Financial Services Commission (FSC) said that the government “will promote sales of Hanji
G E Shipping Takes Delivery of Newbuilding Resale Bulker
Mumbai-based Great Eastern Shipping Company Ltd. (G E Shipping) has taken delivery of a newbuilding resale Kamsarmax dry bulk carrier Jag Akshay. Featuring 82,044 dwt, the vessel was built by China’s Jiangsu New Yangzi Shipbuilding. The company had contracted to buy the ship in April 2016, G E Shipp