South & Central Asia
Korean Register: Boxship Conversion Good Alternative to Ordering Newbuilds
The Korean Register (KR) has completed a feasibility study for the conversion of an 8,600 TEU container ship into a 10,000 TEU vessel which showed that the method could potentially save time and money to ship owners and operators when compared to ordering a new boxship. This new capacity specificati
Thai PTTEP gets to operate SK410B block in Malaysia
Malaysia’s Petronas has awarded a Production Sharing Contract (PSC) to Thai PTTEP, Kuwait’s KUFPEC, and Malaysia’s Petronas Carigali Sdn Bhd for the exploration Block SK410B. The PSC was signed at Petronas Twin Towers, in the presence of the President and CEO of Petronas, Zulkiflee Wan Ariffin. Petr
New Cochin Shipyard Limited Dry Dock Gets OK
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL). The main objective of this plan is to strengthen the CSL’s shipbuilding/ship repair ca
India OKs construction of large dry dock at Cochin Shipyard
Cochin Shipyard, India’s ship and offshore structure building company, has secured an approval by the Indian government for the construction of a new $267 million dry dock, to boost the shipbuilding and shiprepair capacity of the country. The approval was granted on Wednesday by the Cabinet Committe
Cochin Shipyard Cleared to Build USD 268 Million Drydock
India’ Cabinet Committee on Economic Affairs has given its approval for construction of a new drydock within the existing premises of Cochin Shipyard Limited (CSL) at an estimated cost of INR 1,799 crore (USD 267.7 million). The objective of the project is to increase the shipbuilding and ship repai
Petronas Hands Over Berantai Job to Vestigo
Petronas has appointed its wholly-owned subsidiary, Vestigo Petroleum to continue the operations and maintenance of the Berantai field on its behalf. Located about 150 km offshore Peninsular Malaysia, the Berantai field produced first gas in October 2012. The field comprises a wellhead platform conn
L&T confirms $1.6B Saudi Aramco contract
Following reports on Wednesday of Saudi Aramco awarding contracts for it Fadhili development in Saudi Arabia, a confirmation came from India’s Larsen & Toubro (L&T). L&T said that its subsidiary L&T Hydrocarbon Engineering (LTHE), in consortium with Emas Chiyoda Subsea (ECS) has won a large EPCI con
Oil Search backs out of InterOil bid, clears way for ExxonMobil
Oil Search has pulled out of bidding for Papua New Guinea-focused explorer InterOil, allowing U.S.-based energy giant ExxonMobil to proceed without a battle. ExxonMobil earlier this week made a $2.2 billion offer, challenging an earlier bid from Oil Search, which was backed by the French energy gian
China COSCO Gets Subsidy to Scrap, Upgrade Its Fleet
Hong-Kong listed shipping and logistics company China COSCO Holdings Co (CCHC) received on July 18 a subsidy amounting to CNY 189 million (USD 28.3 million) from China COSCO Corporation, the indirect controlling shareholder of the company, for the decommissioning and upgrading of its vessels. The co
NGO Shipbreaking Platform: ECSA Feigns Ignorance about Alang Beaching Method
The European Community Shipowners’ Association (ECSA) has ignored shortcomings of the beaching method at the Alang shipbreaking yards in India, the NGO Shipbreaking Platform said with reference to ECSA’s report on its visit to the yards last April. According to this coalition, the beaching method is
CSL to tap into LNG carrier building market with newly approved dry dock
Cochin Shipyard on Wednesday received approval from the Cabinet Committee on Economic Affairs to build a new dry dock at the shipyard to enable construction and repair of larger vessels such as LNG carriers.
Chevron inks LNG deal with China’s JOVO
U.S.-based oil and gas giant Chevron said it has signed a deal to supply liquefied natural gas to JOVO, a privately-owned Chinese energy company. Chevron’s wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a key terms agreement with Singapore Carbon Hydrogen Energy Pte. Ltd., a unit of JOVO,