South & Central Asia
Cosco delivers newbuild ERRV to Sentinel
A newbuild emergency response rescue vessel (ERRV) has been delivered to offshore vessel operator Sentinel Marine by China’s Cosco Shipyard, a 51% owned subsidiary of Cosco Corporation, in Singapore. Cosco said on Tuesday that Cosco Dalian Shipyard delivered the vessel to the buyer and that the deli
Baltic Exchange Reaches Deal with Panellists
In light of the potential acquisition of London’s Baltic Exchange by Singapore Exchange (SGX), the Baltic Exchange today sent an agreement to each of its 48 shipbroking panellists for signature, which documents and reinforces existing processes established by the exchange and the panellists. The pro
Bangladesh Step Closer to Its 1st LNG Import Terminal
The US-based specialist in floating LNG solutions Excelerate Energy, Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), and the Government of Bangladesh have signed final agreements for the construction and operation of Bangladesh’s first LNG import terminal Moheshkhali Floating LNG. The sig
ZOSCO Sells Two Capesize Bulkers to Sinokor
China’s shipping company Zhejiang Ocean Shipping Co (ZOSCO) has sold two of its Capesize bulkers to the South Korean shipping firm Sinokor Merchant Marine, according to data provided by VesselsValue. The vessels in question are Zosco Jiaxing and Zosco Shao Xing, each featuring 176,000 dwt. Built in
South Korea: construction starts on Jeju LNG power plant
Korea Midland Power (KOMIPO), the South Korean power utility said it has recently held a groundbreaking ceremony for Jeju LNG combined cycle power plant (CCPP) located in Jeju City. When completed in June 2018, the 240MW LNG power plant will supply about 20% of the total power demand in the Jeju reg
Expro scoops well testing work from India’s ONGC
International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation Ltd (ONGC). Worth in excess of $17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India, including offshor
Keppel refutes latest bribery allegations in Brazil
Singapore’s offshore rig builder Keppel has refuted bribery allegations in connection with an ongoing corruption investigation against oil company Petrobras in Brazil. In a filing to Singapore exchange (SGX) on Sunday, Keppel denied the company’s involvement in a massive corruption scandal involving
IMB: Maritime Crimes Hit Lowest Levels in Decades
Piracy and armed robbery at sea have fallen to their lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s global piracy report shows 98 incidents in the first half of 20
Report: GAIL seeking LNG contract revision with Gazprom
India’s utility GAIL is reportedly looking to renegotiate its 20-year gas purchase agreement with Gazprom of Russia due to low spot prices and weak local demand.
Singapore court places Technics Oil & Gas under judicial management
Technics Oil & Gas and its subsidiary Technics Offshire Engineering have been placed under judicial management. Technics Oil & Gas, a solution provider for the oil and gas industry, applied to the High Court of Singapore for an order to place the company and the subsidiary under judicial management
South Korea’s KOMIPO launches LNG cargo tender
Korea Midland Power (KOMIPO), the South Korean power company launched an international tender to purchase one cargo of liquefied natural gas. KOMIPO is seeking a 2.20-2.33 TBtu LNG cargo on DES basis for delivery between August 26-28, according to a notice on the utility’s website. The deadline for
Batamec Shipyard Arrests Chemical Tanker Ratna Blessing
The Indonesian shipyard PT Batamec, a subsidiary of the Singapore-based offshore marine company Otto Marine Limited, started proceedings in the High Court of Singapore on July 23 against the chemical tanker Ratna Blessing, which led to the arrest of the 2008-built ship for unpaid ship repair related