South & Central Asia
TORM Secures Financing for LR2 Newbuildings
Danish shipping company TORM has entered into a financing agreement for four LR2 newbuildings scheduled for delivery in 2017 and 2018. The financing agreement for the 114,000 dwt vessels is for an amount of up to USD 115 million. TORM concluded the deal, which runs for twelve years, with The Export-
Platts: Qatari LNG exports to India, Pakistan rise in H1 2016
Liquefied natural gas deliveries from Qatar to India and Pakistan jumped 46 percent year on year due to lower demand from East Asia and higher output.
Report: Fire Briefly Halts Prelude FLNG Construction at Geoje
The construction works on the Prelude floating liquefied natural gas (FLNG) project resumed immediately after a small fire which occurred at the site in Samsung Heavy Industries’ Geoje shipyard, South Korea, where the vessel is being built, according to a spokesperson from the oil and gas giant Shel
PHOTO: Removal of TSHD Hansita Underway
Days after the trailing suction hopper dredger Hansita got caught on the Kollam coast, efforts have begun to tow it to the deep sea, according to the Indian Express. The ship, owned by Mumbai-based Megha Dredging Private Limited, had got stuck at Mundakkal beach in Kollam after it lost moorings. The
Keppel, Shell Form LNG Bunkering JV in Singapore
KS Investments Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered into a shareholders agreement with Shell Eastern Petroleum, a part of Royal Dutch Shell, to form a joint venture company which will establish an LNG bunkering business in Singapore. The joint venture’s pri
ClassNK: Fire Safety Issues Main Reason for Ship Detentions
Fire safety-related defficiencies are still the main reason ships are detained, according to the report on Port State Control (PSC) for 2015 issued by Japanese classification society ClassNK. Moreover, international safety management (ISM), emergency systems and lifesaving appliances remain major it
International offshore rig count tumbles in June
Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, an
Update: fire hits Prelude FLNG construction site
Small fire at the Samsung Heavy Industries’ shipyard in South Korea interrupted work at Shell’s Prelude FLNG facility leaving two workers in need of medical attention.
DSME’s Former CEO Questioned over Accounting Fraud
The former Chief Executive Officer of Daewoo Shipbuilding & Marine Engineering (DSME), Ko Jae-ho, was called in for questioning as part of an accounting probe into the financials of the South Korean shipbuilder, according to The Korea Times. Ko Jae-ho, who was at the helm of the company in the perio
KGLNG given environmental clearance for Indian FSRU
Krishna Godavari LNG Terminal recently received the approval from the Ministry of environment, forest and climate change to develop the offshore LNG FSRU at Kakinada Deep Water port in Andhra Pradesh.
Genting Rebrands German Yards, Keeps Focus on Cruise Ships
Holding company Genting Hong Kong Ltd has renamed the three shipyards in the German State of Mecklenburg-Vorpommern, which were bought in April, to MV Werften, which will focus on building large new cruise ships. Lloyd Werft, located in Bremerhaven and bought last September, will focus on its prior
EU: Financial Incentive Could Enhance Sustainable Recycling
Ships regardless of their flag should not be allowed to call at any EU port without a ship recycling license to incentivise sustainable ship recycling, the NGO Shipbreaking Platform cited a report from the European Commission. The report, written by Ecorys, classification society DNV-GL and the Eras