South & Central Asia
Rig builder Sembmarine taking full control of PPL Shipyard
Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, is taking full control of its subsidiary PPL Shipyard (PPLS). The company has reached a deal with PPL Holdings Pte Ltd (“PPLH”) and E-Interface Holdings Limited (“EIHL”) to acquire the remaining 15% in the shipyard for $115
Sparrows, SapuraKencana in offshore cranes partnership
UK’s offshore crane services specialist Sparrows has through its subsidiary Sparrows Offshore Services entered into a partnership with Malaysia’s SapuraKencana Technology Sdn Bhd. The partnership will see both entities collaborating in the provision of offshore and onshore crane services including m
Daya spills the beans on Schlumberger contract value
Afer it last week informed the market on winning a contract with Schlumberger, Malaysian company Daya Materials Berhad on Tuesday shared more details. The company last week said it had won a deal to provide well services to Schlumberger in Saudi Arabia over a three-year period. In an update on Tuesd
TEN Sends New Panamax Tanker on Long-Term Charter
Greek tanker owner and operator Tsakos Energy Navigation (TEN) has taken delivery of the Panamax product tanker Sunray from South Korea’s shipbuilder Sungdong. Featuring 74,200 dwt, the vessel will immediately enter a long-term profit sharing contract with an oil major that could generate minimum gr
Drewry: VLGC Rates Under Pressure amid US Cargo Cancellations
A wave of cargo cancellations from the US is putting additional pressure on Very Large Gas Carrier (VLGC) rates, which were previously lowered amid excessive fleet growth and weak arbitrate opportunities caused by low LPG prices, according to shipping consultancy Drewry. Three cargoes from US export
Report: HPH to Open 2nd Pakistan Terminal This Fall
Singapore-based container port operator Hutchison Port Holdings (HPH) has reached an agreement with Karachi Port Trust (KPT) to launch the operation of its second terminal in Pakistan before the end of 2016. The operations at South Asia Pakistan Terminals, one of the deepest terminals in the region,
MTCC New Dredger Unveiled in the Maldives
Maldives Transport and Contracting Company (MTCC) CEO, Ibrahim Ziyath, was yesterday presented with a scale model of the company’s new trailing suction hopper dredger “Mahaa Jarraafu”. The scale model of the newbuild was handed over to MTCC CEO by the Area Director of IHC Holland, Mr. Amine N.H. Ezz
MISC Berhad enters Thai offshore market via Chevron FSO lease
MISC Berhad, Malaysian maritime solutions and services provider, has made first steps towards Thailand’s offshore oil and gas market via a floating, storage and offloading (FSO) vessel lease and operations contract with Chevron Offshore Thailand Limited (COTL). MISC said on Tuesday that its wholly-o
PNG LNG eyes multi-year spot contracts
The ExxonMobil-operated US$19 billion PNG LNG project is looking at multi-year contracts for spot sales of the chilled fuel as the project is producing above the nameplate capacity, according to Oil Search that has a 29 percent share in the JV. The PNG LNG project is producing 7.7 million tonnes per
India’s Major Ports Poised for Expansion
India’s container port Jawaharlal Nehru Port Trust has finalized the terms of external commercial borrowing in an effort to cater to the increase in traffic, according to the Indian government. As part of the country’s port-led development programme, the port signed an agreement with State Bank of I
PIL Strengthens Ties With CMPort, CMEC
Singapore-incorporated shipping company Pacific International Lines (PIL) has inked two Memoranda of Understanding (MOU) with the port operator China Merchant Port Holdings (CMPort) and the engineering and trade company China Machinery Engineering Corporation (CMEC), as part of the One Belt One Road
BW Wins FSRU Contract for Pakistan’s LNG Terminal
Oil and gas transporter BW Group has signed a 15-year agreement to provide liquefied natural gas (LNG) regasification services utilizing a newbuild Floating Storage and Regasification Unit (FSRU) for Pakistan’s second LNG terminal at Port Qasim, Karachi. The deal for the utilization of the FSRU, cur