South & Central Asia
Ezra, Emas enter deal to sell FPSO Lewek EMAS
Ezra Holdings and Emas Offshore Production Services (Vietnam) have entered into an agreement for the sale of a combined equity share of 80% in PV Keez to PetroFirst. PV Keez is a single purpose company incorporated in Singapore and owns the floating production storage and offloading (FPSO) unit Lewe
Dockers Prepare to Take Action Globally
The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) are planning to organize an hour of activities on international dockers’ action day on July 7 at 8 am local time. Under the slogan “Defend Dockers Rights,”
Readers’ Picks of the Week (June 27 – July 1, 2016)
Hapag-Lloyd, UASC Agree on Merger Terms German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) have reached an agreement on the terms and conditions of a Business Combination Agreement (BCA)… Read More DSME’s Former CEO Taken into Custody Daewoo Shipbuilding & Marine Engineering’s
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 27 – July 03). NOPSEMA revealed a recent incident where a vessel lost position while diving activities were being conducted approximately 130 metres from a hydrocarbon facility offshore Western A
Popular news, June 27 – July 3, 2016
Popular news, June 27 – July 3, 2016
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (June 27-July 3, 2016). Wartsila Engines for Two Trailing Suction Hopper Dredgers Wartsila has won an order to supply engines for two new 8000 m³ trailing suction hopper dredgers. HAM 318 Completes Thinadhoo Lan
Qatargas Inks 20-Year LNG Supply Deal in Pakistan
LNG producer Qatargas has entered into a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL) to supply 1.3 tonnes of LNG per year to Pakistan for 20 years, with a possibility to increase this volume to 2.3 million tonnes. The LNG will be supplied from Qatarga
Petronet advocating LNG distribution via trucks
India’s Petronet LNG is looking to create a market for up to 1.5 million tons of liquefied natural gas per year distributed to remote areas in trucks in the next three years.
Korea’s Big Three to Lose State Aid if Restructurings Fail?
South Korea’s three major shipbuilders could be exempt from the government’s plan to inject KRW 750 billion (USD 653.7 million) into the shipbuilding sector in an effort to prevent major layoffs at over 7,800 companies related to the industry, according to Korea Times. The three cash-strapped shipbu
STX Shipbuilding in Talks to Cancel Vessel Orders
South Korean shipbuilding company STX Offshore & Shipbuilding Co. has initiated discussions to terminate shipbuilding orders in an effort to reduce losses, Yonhap News Agency cited industry sources. The company could soon cancel the construction of four ships for the tanker shipping company Frontlin
Indonesia: FID made on Tangguh third LNG train
JX Holdings of Japan and its partners in Indonesia’s Tangguh LNG project have made a final investment decision to build a third train at the facility.
IMO’s VGM Rules for Containers Come into Force
A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into force today, July 1, the International Maritime Organization (IMO) said. The regulation will assist in ensuring that the millions of containers carried on ships each year are optimally