South & Central Asia
Ezra bags $300M in new deepwater project wins
Ezra Holdings, a provider of integrated offshore solutions to the oil and gas industry, has received the awards for several new deepwater projects from international oil companies valued at approximately $300 million. Ezra said on Monday that these contracts will be executed in various offshore oil
Drewry: Peak Season Volume to Stay on 2015 Level
The 2016 third-quarter peak season will not bring much respite to carriers as the period is not expected to see much of a volume uplift in the container shipping industry, a recent study conducted by shipping consultancy Drewry shows. Nearly half of the 51 shippers who responded to the survey said t
Update: Grounded Belle Rose Refloated off the Philippines
M/V Belle Rose, the bulk carrier that ran aground off the Philippines on June 13, was refloated today at Monad Shoal after two-day operations to pull it back to deep waters, local media reported. M/V Belle Rose ran aground four nautical miles southeast off Malapascua Island in Daanbantayan, Cebu, th
HHI’s Unionized Workers Prepare to Strike
The financially troubled South Korean shipbuilder Hyundai Heavy Industries (HHI) could be hit by another hurdle as the company’s unionized workers are planning to launch a strike, according to The Korea Times. Namely, the workers said that this year’s wage negotiations with the company are behind th
New Excavator for San Fernando
In preparation for the rainy season, the local government of San Fernando recently purchased an hydraulic backhoe excavator that will be used in dredging river channels surrounding the city. The equipment was inaugurated last Friday at the Mapalad Creek in Brgy. San Nicolas through the initiative of
Swiber shuffles directors, names new CEO
Swiber Holdings, an integrated construction and support services provider to the offshore oil and gas industry, has named Yeo Chee Neng as the company’s Chief Executive Officer (CEO). According to Swiber’s statement on Monday, Yeo Chee Neng succeeds Francis Wong Chin Sing as the latter was re-design
Kogas posts lower sales in May
South Korea’s Kogas, the world’s largest corporate buyer of LNG, reported a decline of 8.6 percent in its sales volume in May. Kogas sold 1.91 million tonnes of LNG in May, compared with 2.09 million tonnes a year ago, the company said in a filing to the stock exchange. Gas sales into the power sect
Swiber Elects New CEO and President
Singapore-listed EPCI contractor, Swiber, has appointed Yeo Chee Neng as the chief executive officer and group president of the company with effect from June 20, 2016. Yeo Chee Neng, also known as Darren Yeo, will succeed Francis Wong Chin Sing, also know as Francis Wong, who has been re-designated
Japan’s May LNG imports down, coal up
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 4 percent in May when compared to the same month a year ago, provisional data from Japan’s Ministry of Finance showed on Monday. Japan’s imports in May decreased to 5.52 million mt of LNG while the
Readers’ Picks of the Week (June 13 – 17, 2016)
COSCO Vessel Sets Sail to Make History in Panama The Neopanamax container vessel COSCO Shipping Panama has set sail from the Greek Port of Piraeus on its way to Panama where it will make the inaugural transit of the Expanded Panama Canal… Read More DSME Workers Vote for Walkout The unionized workers
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 13 – June 19). Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently
Popular news, June 13 – 19, 2016
Read the most popular news of the week.