South & Central Asia
Top news of the week June 13-18, 2016
KDB bankrolls U.S. FLNG project Korea Development Bank said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project, 50 miles off the coastline of Cameron Parish, Louisiana. Flex LNG co-founders call it quits Flex LNG, the company controlled by billionaire John Fredriksen, infor
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (June 13-19, 2016). CCCC Shanghai Dredging Wins Qiupu River Contract CCCC Shanghai Dredging, a subsidiary of China Communications Construction Company Ltd, has won a contract for the survey and design of the Qiupu
Hyundai Glovis Refuses to Use US-Registered Vessels
South Korean logistics company Hyundai Glovis, a unit of auto giant Hyundai Motor Group, has rejected the proposals offered by the US government to use US-registered vessels, The Korea Herald cited undisclosed company sources. Namely, US officials paid a visit to the country with an aim to discuss m
Crude oil prices rise for the first time in seven days
By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 pe
Hilong to Install MDA-MBH Fields Jackets Off Indonesia
Hilong Petroleum Offshore Engineering has won a contract from TIMAS to provide a “Hilong 106”pipe-laying derrick barge to install jackets for the HCML Madura MDA – MBH offshore gas field development project jointly funded by China National Offshore Oil Corporation and Husky. This is Hilong’s first o
Tepco receives 2500th cargo at Higashi-Ogishima LNG terminal
Japan’s largest utility, Tokyo Electric Power (Tepco) recently reached a milestone with the 2,500th LNG delivery to its East Ogishima thermal power plant.
DSME’s Orderbook Still Ranked First
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) stayed at the top of the list in terms of the balance of order backlog for 19 consecutive months, The Korea Economic Daily reported. The shipbuilder’s current backlog stands at 111 vessels, representing over 7.47 milli
Armed Robbers Board Anchored Vessel off Indonesia
An anchored heavy lift carrier was boarded by four robbers armed with guns off Batu Ampar, Batam Island, Indonesia, according to data released by International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). During the attack, which occurred on June 16, the robbers held hostage the duty AB at g
Gazprom continues LNG discussions with Gasunie
Russian giant Gazprom on Friday extended its list of companies it engaged with in talks on cooperation in the small-scale LNG sector.
Sinopec slaps Repsol with $5.5B arbitration notice
Spanish oil company Repsol has been served a $5.5 billion arbitration notice by China’s Sinopec. Sinopec, together with its subsidiary, Addax Petroleum UK, has served the arbitration notice to Repsol’s subsidiaries Talisman Energy and Talisman Colombia. According to a statement by Repsol, Sinopec an
Coscocs Sets Up Dry Bulk Shipping Arm
China’s shipping major China Cosco Shipping Group (Coscocs) has officially established its dry bulk shipping arm, Coscocs Bulk Shipping in Guangzhou, China on Thursday. The newly established company owns and operates a fleet of over 380 bulk carriers, with a total of some 34.5 million deadweight ton
Focal Marine Sees Its CSV and DSV Designs Launched
Two DP 3 offshore support vessels, designed by Focal Marine & Offshore, have been recently launched in China. Namely, a construction support vessel (CSV) FOCAL 530 and dive support vessel (DSV) FOCAL 523. FOCAL 530 CSV is with LOA of 115m, diesel electric azimuth propulsion, two offshore cranes, one