South & Central Asia
KHI develops new tank for LNG-fueled ships
Kawasaki Heavy Industries has reportedly developed an LNG storage tank for liquefied natural gas-fueled vessels with a capacity five times larger than that of the existing model.
Chinese 3.4MW tidal device starts generating power
The 3.4MW tidal energy device, developed by China, has started generating limited amounts of power, Chinese media report.
Sinotrans’ First Half Loss Widens
As the global economy dragged forward in uncertainty and instability during the first half of 2016, the Hong Kong-listed Sinotrans Shipping Limited reported its loss widened to USD 40.2 million in the first half of the year compared to a loss of USD 18.2 million seen in the same period a year earlie
VIDEO: Royal IHC Completes Largest TSHD in China
After 19 months of building, trailing suction hopper dredger (TSHD) JUN YANG 1 left Royal IHC yard in Kinderdijk on 15 August 2016. A ceremony to celebrate the on-time completion was held before the vessel set off for Guangzhou, China where it will be handed over to CCCC Guangzhou Dredging Company (
Tokyo Gas July sales slide
Total gas sales by Japan’s Tokyo Gas reached 1,167.457 million cubic meters during July 2016 dropping 7.1 percent compared to the corresponding month in 2015.
Hanjin Shipping to Sell Stake in US Container Terminal?
In an effort to boost its liquidity and reduce its quarterly loss, the South Korean shipping company Hanjin Shipping is looking to sell its stake in US container terminal, located in Long Beach, Korea Herald cited sources close to the matter. Namely, the company would reportedly sell its share in th
Mitra buys stake in two blocks off Vietnam from Inpex
Mitra Energy has entered into an agreement with Inpex to buy 30% interest in Blocks 05-1b and 05-1c, located offshore Vietnam. Mitra’s subsidiary Mitra Energy (Vietnam 05-1) Pte Ltd, as buyer, and Mitra, as guarantor, have signed a definitive sale & purchase agreement (SPA) with Teikoku Oil (Con Son
Paradigm Flow Services in ‘largest ever Malaysia contract’
Paradigm Flow Services, a UK-based oil and gas services company, has secured its largest ever Malaysian contract for deepwater umbilical unblocking technology with an undisclosed client in Malaysia. The company said on Tuesday that the deal involves the use of its React Locate Remediate (RLR) umbili
India: Petronet commissions regasification facilities at expanded Dahej LNG terminal
India’s largest importer of liquefied natural gas, Petronet LNG, said that the newly built regasification facilities under the Dahej LNG terminal’s expansion project have been commissioned and are under stabilization.
OPEC deal a tough task, as oil output freeze expectations rise
By Rania El Gamal and Alex Lawler DUBAI/LONDON (Reuters) – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles t
Minister: India saving $3 bln on revised LNG import deal with Qatar
India’s saving on the renegotiated long-term LNG supply deal between the country’s largest importer of the chilled fuel Petronet and Qatar’s RasGas, could amount to US$3 billion according to the prime minister Narendra Modi.
Bangladeshi Payra Port Inaugurated
Bangladesh’s Payra Bandar (Payra Port), located at the southern region of Patualhali, was inaugurated and opened for limited operational activities with the arrival of MV Fortune Bird on August 13, 2016. The Fortune Bird transported a shipment of stone from China for Padma Bridge. The port is expect