South & Central Asia
Xeneta: Container Shipping’s Peak Season Weakens?
Due to a glut of surplus capacity in the container shipping industry, the peak season seems to have lost its previous impact, which was instead spread out through the year, the market intelligence platform for containerized ocean freight Xeneta said. As the traditional peak shipping season is fast a
ExxonMobil offer ‘inadequate’, former InterOil CEO says
Former InterOil CEO Phil Mulacek on Monday issued a comment on the recent ExxonMobil’s US$2.5 billion offer to acquire InterOil, claiming the shareholders will forego billions of dollars of value.
MV Benita Being Towed to Indian Coast
Following the refloating of the bulk carrier MV Benita on July 23, the Greek owner of the vessel Unit Maritime is making arrangements to tow the vessel to Alang, India. Tug Ionian Sea FOS with salvage crew on board remains connected to the 44,183 dwt bulker and is currently towing at slow speed towa
Land Reclamation for Hulhule Airport Expansion Begins
Gulf Cobla Tennssor Maldives Pvt Ltd (GCTM) has started the land reclamation operations for the expansion of the Ibrahim Nasir International Airport on Hulhule, Maldives. According to the GCTM’s announcement, around 4 million m³ of sand from the inner lagoon will be reclaimed and used for the new ru
Universities discuss ocean RE research collaboration
Representatives from the Australian Maritime College (AMC) have met with the delegation from the National Taiwan Ocean University to discuss potential opportunities for collaboration.
MOL to Upgrade Its Car Carriers with Fleet Xpress Service
Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to introduce the Fleet Xpress service across the majority of its car carrier fleet. Namely, the company signed an agreement for the service with JSAT MOBILE Communications, a partner of satellite communications services provider Inmarsa
Oceanteam and KCI Take a Crack at Chinese Offshore Wind Market
Oceanteam ASA and KCI the Engineers have signed a long-term representing and consultancy agreement with OFFCO (Offshore Cooperation) for projects relating to offshore wind installations and cable lay operations in China. According to the agreement, Oceanteam Solutions will provide marine equipment a
GALLERY: First steel cut for Maersk Oil’s Culzean FSO in Singapore
Singapore’s Sembcorp Marine has cut first steel for the floating, storage and offloading (FSO) vessel meant for the Maersk Oil-operated Culzean development in the UK sector of the North Sea. The fist steel was cut in Singapore on Friday, July 22, 2016, Maersk Oil reported through its social media ch
Protean appoints new Managing Director
Australian wave energy developer, Protean Wave Energy, has named Stephen Rogers as its Managing Director, effective July 26, 2016.
Bunbury wave farm set for more WECs
Protean Wave Energy plans to deploy additional wave energy converters (WECs) at Bunbury wave farm during this quarter after an independent review of the results from the recent offshore trial is completed.
Swiber disputes Vietnam project termination
Offshore construction services provider, Swiber Holdings, is disputing a termination of a contract worth $21 million, offshore Vietnam. To remind, Swiber informed it won the contract for the provision of transport and installation services for a full field development project in the waters off Vietn
Scientists hit gas reserves in Indian Ocean
The United States Geological Survey, together with the government of India and the government of Japan made a discovery of large, highly enriched accumulations of natural gas hydrate in the Bay of Bengal.