South & Central Asia
UniSite Group Recaps Busy Q2 Period
UniSite Group, a Chinese company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took an active part in a lot of projects all over the world in the second quarter of 2016. In this time frame, UniSite supplied a significant amo
CMA CGM Enters Total NOL Takeover Mode
French container carrier CMA CGM S.A. has reported that its all-cash voluntary unconditional general offer for Neptune Orient Lines Limited (NOL) closed on July 18, 2016, with CMA CGM now owning approximately 97.83% of NOL’s share capital. With the public float of NOL shares below the minimum thresh
Report: Samsung on verge of securing Eni FLNG deal
Samsung Heavy Industries, one of South Korea’s largest shipbuilders, is reportedly on the verge of winning a large deal to build a floating LNG facility. As a matter of fact, according to South Korea’s Yonhap News Agency, the shipyard has ‘virtually secured’ a $2.5 billion order for the FLNG unit, r
Strainstall Moring Solution for Pengerang Deepwater Terminal
Strainstall, part of James Fisher and Sons, has been awarded a contract with the Japanese Penta Ocean-Toa joint venture, for its mooring solution to be installed at the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) in Malaysia. The phase two development of the terminal, comprising 11 ne
AU: PM Turnbull reshuffles Cabinet, expands environment and energy portfolios
Australian Prime Minister Malcolm Turnbull has revealed the new Ministerial line-up today, with the appointment of Josh Frydenberg to lead the expanded Environment and Energy portfolio.
SHI to Enter USD 2.5 Bn FLNG Construction Project?
South Korean shipbuilder Samsung Heavy Industries (SHI) is very close to signing a USD 2.5 billion deal to construct a floating liquefied natural gas (FLNG) facility for Italian oil and gas company Eni, Yonhap News Agency cited industry sources. SHI is leading a consortium consisting of French multi
Unique Group Buys Oceanvision
Unique Maritime Group has completed the acquisition of Singaporean company Oceanvision and Oceanvision Equipment Services. Oceanvision is the third acquisition that Unique has made in the last nine months. Oceanvision specialises in manufacturing and supplying imaging and intervention products for s
Report: SHI lining up $2.5 bln FLNG contract
South Korean shipbuilder Samsung Heavy Industries is reportedly in the pole position to secure a US$2.5 billion deal to build an FLNG unit for Eni of Italy.
World’s largest semi-submersible rig delivered in South Korea
A weekend of ‘world’s largest’ rig deliveries is behind us. After Singapore’s Sembmarine said it delivered the world’s largest jack-up rig to Noble Corporation, South Korea’s Hyundai Heavy Industries boasted with the delivery of world’s largest semi-submersible drilling rig. In a statement on Monday
Drewry: Bad Time to Own Old Boxships
More containership capacity is being demolished than ever before, including old-design ships made redundant by the new Panama Canal; however, the trend will not make a significant impact on the current capacity surplus unless owners also refrain from ordering many new vessels, according to shipping
PHOTO: Sembmarine says delivers world’s largest jack-up rig
Singapore’s offshore rig builder Sembcorp Marine has delivered what it says is the world’s largest jack-up rig to Noble Corporation. Noble Lloyd Noble, the seventh ultra high-specification harsh environment jack-up rig completed for Noble Corporation, is based on the GustoMSC CJ70 design as well as
Unique acquires Singapore’s Oceanvision
Unique Group, an integrated subsea and offshore solution provider, has completed the acquisition of Oceanvision PTE and Oceanvision Equipment Services PTE. The acquisition was done through Unique’s subsidiary, Unique Maritime Group (SEA) PTE. Oceanvision will now be part of the Unique Group of compa