South & Central Asia
Chang Myung Sells 2 Capesize Bulkers
South Korean shipping company Chang Myung Shipping has sold two 179,185 dwt Capesize bulk carriers to an unnamed buyer, its compatriot, according to data provided by VesselsValue. The two Panama-flagged vessels, C Blossom and C Atlas, were each sold for USD 18.7 million. C Blossom and C Atlas were b
Pakistan selects BW’s FSRU for its second LNG terminal
Singapore-based BW, signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a newbuild floating storage and regasification unit for the second Pakistan LNG terminal.
Minister Inaugurates Visakhapatnam Port Development
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Shri Nitin Gadkari inaugurating several projects during his visit to the port last Friday. The Minister inaugurated a container freight capacity developed project as well as the commissioni
China receives U.S. LNG cargo
World’s largest energy consumer, China has on Monday received the first cargo of LNG from Cheniere’s Sabine Pass liquefaction and export terminal in the United States. The cargo was brought onboard the 161,870-cbm Maran Gas Apollonia, chartered by the Hague-based LNG giant Shell, that was the first
SGX, Baltic Exchange Reach Deal on Takeover Terms
Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) have agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange. The announcement follows a period of extensive consultation with Baltic Exchange shareholders and oth
GE O&G scores three-year deal with ONGC
GE Oil & Gas has entered into a frame agreement by Oil and Natural Gas Corporation Limited (ONGC) India for 55 subsea wellheads for the company’s drilling campaign offshore India. GE said on Monday that the contract further expands a long cooperation between the two companies spanning for more than
GE Bags ONGC Wellhead Deal
GE Oil & Gas has been awarded a multi-million dollar frame agreement by Oil and Natural Gas Corporation Limited (ONGC). Under the agreement, GE will provide an estimated 55 subsea wellheads over next three years for the operator’s offshore drilling campaign, in shallow to medium waters offshore Indi
Taiwanese and US Companies to Work on Disaster-Proof Foundations
A group of Taiwanese companies has signed a Memorandum of Understanding with three US-based companies involved in certification and development of offshore wind technology as part of the recent visit of Taiwan’s Ministry of Economic Affairs (MOEA) to the United States. Representatives from Taiwan’s
Gener8 Maritime Adds New VLCC to Its Fleet
US-based crude oil shipping company Gener8 Maritime took delivery of the newly built 300,973 dwt Very Large Crude Carrier (VLCC) Gener8 Chiotis from China’s Shanghai Waigaoqiao Shipbuilding (SWS) on August 18. The company acquired the contract for the Gener8 Chiotis along with thirteen other shipbui
Petronas: Uncertainties remain despite modest oil price recovery
Malaysian oil and gas company Petronas, while acknowledging a slight recovery in oil prices, expects uncertainty to persist for a while. Presenting its half-year results on Monday, the company posted profit after tax of RM6.2 billion ($1.54 billion) for the half-year ended, a 72 per cent dip from RM
VIDEO: Genting Dream Floats Out
Genting Dream, a new cruise ship being built for the Asian cruise operator Dream Cruises, left the Meyer Werft shipyard in Papenburg, Germany, on August 19. Following the float-out of the ship, the remaining work as well as trials and tests will be carried out in the next few days, with the ship bei
India’s LNG imports decline in July
India’s imports of liquefied natural gas dropped 3.8 percent in July, marking the first monthly decline this year as gas consumption remained flat and domestic gas production rose. India imported 1,960 million metric standard cubic metres (mmscm) of LNG in July compared with 2,037 mmscm in the same