South & Central Asia
Payra Port Test Operations Start
Bangladesh’s third seaport at Payra in Patuakhali started its test operations phase today by unloading goods from its first ocean vessel MV Fortune Bird. The port is being built on the west bank of Ramnabad channel in Kalapara upazila of Patuakhali. The formal activities of the Payra Port are set to
Drewry: Container Port Operators Eye Mergers and Acquisitions
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to a report released by global shipping consultancy Drewry. Global and international conta
China boosts LNG imports
Liquefied natural gas imports into China, the world’s largest energy consumer, rose 28 percent in June as compared to the same month a year ago, according to the General Administration of Customs data. China imported 2.21 million mt of the chilled fuel in June, as compared to 1.72 million mt a year
MPA Revokes AC Oil’s Bunkering Licenses
The Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier and the bunker craft operator licenses issued to AC Oil Pte Ltd, due to violation of required license terms, effective July 29. MPA said that AC Oil will no longer be allowed to operate as a bunker supplier or bunke
Malta LNG FSU ready for work
A sail away ceremony for the floating storage unit (FSU) Armada LNG Mediterrana was held in Singapore on Monday. The FSU will be dispatched in the coming days to Malta where it will be deployed at the Delimara LNG regasification terminal and power station. Bumi Armada won the US$300 million LNG FSU
Aqualis to oversee first journey of ‘world’s largest’ jack-up rig
Marine and offshore engineering consultancy Aqualis Offshore has been contracted by Noble Corporation to oversee the load-on, transportation and load-off operations of the first journey of the ‘world’s largest’ jack-up rig, the Noble Lloyd Noble. Aqualis Offshore said on Monday that its scope of wor
Euronav Purchases VLCC Newbuilding Duo
Antwerp-based tanker owner and operator Euronav NV has decided to further expand its fleet as it purchased two newbuilding resale vessels from the Greek ship operator Product Shipping and Trading SA on July 27, data provided by VesselsValue shows. The two vessels in question are Very Large Crude Car
Malaysia’s Coastal Contracts taps into Indonesian LNG market
Malaysian oilfield services firm and rig builder Coastal Contracts said it has entered into a joint venture deal with Indonesia’s PT Jaya Samudra Karunia Internasional. Coastal Contracts will have a 49% stake in the JV which will allow the company to “tap into the growing LNG supply chain and to fur
BW Group Orders Two VLCCs from DSME
Oil and gas transporter BW Group has ordered two oil tankers at South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME), the company confirmed to World Maritime News. “Some of our VLCCs have spent many years at sea, and this latest purchase is part of our regular fleet renewal program,” a
Hess extends contract for Perisai jack-up rig
Oil company Hess has extended a farm-out deal for a jack-up rig with Malaysia’s Perisai Petroleum Teknologi. Hess hired Perisai Petroleum’s jack-up drilling rig Perisai Pacific 101 in October 2015 through a farm-out agreement. Namely, the rig was originally contracted by the Malaysian oil company Pe
Drewry: Idle Boxship Fleet Increases across All Ship Sizes
Growing overcapacity is causing an increase in the idle containership fleet across all ship sizes and apparently in all seasons and, according to shipping consultancy Drewry, it is likely that some of the newly idled ships will be sold for demolition, particularly the older Panamax vessels. Increase
Malaysia: no injuries after fire at Petronas LNG complex in Bintulu
A fire broke out on Saturday morning at one of the substations at the Petronas-operated LNG complex in Bintulu, Malaysia causing no injuries nor disruption to the LNG production. According to a statement by Malaysia LNG, a unit of Malaysia’s state-owned Petronas that operates the LNG complex, the co