South & Central Asia
Chevron inks LNG supply deal with ENN
Chevron signed a binding sales and purchase agreement with ENN LNG Trading Company, for the delivery of liquefied natural gas to China from its portfolio.
Norsafe lifeboats for Culzean FSO
Norsafe has signed a contract with Singapore-based drilling rig builder Sembcorp Marine to deliver freefall lifeboats and davit systems for and ‘FSO to be installed in the UK sector of the North Sea.’ While Norsafe does not reveal the name of the North Sea project, it is safe to say that the FSO is
Interview: More Boxships Set to Join Scrap Markets in 4Q
As the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied with depressed freight rates which signified a tough market, a number of shipowners opted to dispose of their vessels selling them for scrap. The second quarter of the year witnessed a
Sembcorp Buys Remaining Stake in PPL Shipyard
Singapore-based global marine and offshore engineering company Sembcorp Marine has completed the acquisition of the remaining 15% equity stake in its compatriot PPL Shipyard Pte Ltd (PPLS). Earlier in August, the company entered into a sale and purchase agreement with PPL Holdings Pte Ltd and E-Inte
Keppel Names Bumi Armada’s FPSO
The naming ceremony for the Floating Production Storage and Offloading (FPSO) vessel Armada Kraken was held at Singapore-based Keppel Shipyard on August 27. According to the shipbuilder, the harsh-environment FPSO vessel is on track for delivery to Armada Kraken, a subsidiary of Malaysia-based inter
Sembmarine completes PPL Shipyard acquisition
Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, has completed the acquisition of the remaining 15% equity stake in PPL Shipyard (PPLS). As reported last Wednesday, Sembmarine had reached a deal with PPL Holdings Pte Ltd (PPLH) and E-Interface Holdings Limited (EIHL) to ac
Armada Kraken FPSO on Schedule for North Sea Field
Keppel Offshore & Marine (Keppel O&M)’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a floating production, storage and offloading (FPSO) vessel to Armada Kraken, a wholly owned subsidiary of Bumi Armada. The naming ceremony of the FPSO, Armada Kraken, took place at Kepp
The Pasir Panjang Project Nominated for IADC Safety Award
The ‘Reclamation for Pasir Panjang Terminal Phases 3 and 4’ project, carried out by Penta-Ocean Construction, has been nominated for the IADC Safety Award 2016. Three aspects of this port project located in Singapore were recently nominated for its safety features. The first aspect is the “geo-bund”
More pressure on Swiber as $200M in claims piles-up
Singapore’s troubled offshore services company Swiber Holdings has seen a total sum of claims against it reach almost $200 million. Offshore Energy Today reported earlier that Swiber had applied to wind up the company following demands from creditors, and requested to be placed under provisional liq
Hyundai Heavy to Build Two Tankers for Enterprises Shipping
Greece-based shipping company Enterprises Shipping and Trading has placed an order for two 158,000 dwt tankers with South Korea’s shipbuilder Hyundai Heavy Industries, data published by VesselsValue shows. Although the price of the vessels was not disclosed, VesselsValue said that the market value o
Drewry: Container Shipping Rates See Signs of Reversal
Volatility in container shipping freight rates is expected to remain very high as long as over-capacity and carrier industry instability continue, according to shipping consultancy Drewry. Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes
Shearman & Sterling advises BW on Pakistan FSRU deal
New York law firm, Shearman & Sterling informed on Monday it has advised Singapore-based BW Group on its agreement with Pakistan GasPort Limited for providing the FSRU for Pakistan’s second LNG terminal.