South & Central Asia
Mermaid Nets Six New Subsea Deals in Asian Region
Mermaid Maritime has, through its subsidiary Seascape Group, been awarded six different subsea works in the Asian region. The contracts have an estimated aggregate value of USD 15 million. The work scopes under the contracts include subsea survey, inspection, repair and maintenance using saturation
Mermaid Maritime lands six subsea contracts
Mermaid Maritime, an international subsea and offshore drilling services company, has been awarded six different deals in the Asian region with an estimated aggregate contract value of $15 million. The contracts were awarded through Mermaid’s subsidiaries, Seascape Surveys and PT Seascape Surveys In
International offshore rig count drops YOY
Oilfield services provider Baker Hughes reported on Tuesday that the international offshore rig count for May 2016 was up by nine rigs sequentially and down by 55 rigs year over year. This is the second month in a row that the international offshore rig count is exhibiting similar behavior as Baker
Japan plans first LNG bunkering station in Yokohama
Nippon Yusen Kabushiki Kaisha on Tuesday said it will participate in a committee including Japanese ministry of land, infrastructure, transport and tourism, set up to study the possibility of establishing LNG bunkering stations in Japan.
Infographic: Shipping Industry Needs to Raise CSR Awareness
The shipping industry needs to increase Corporate Social Responsibility (CSR) awareness as on average less than 50 percent of the industry fully commits to related activities, according to the Shipping CSR500 Survey report released by SAFETY4SEA. Conducted in the first quarter of 2016, the Shipping
Zhonggu Shipping Orders Four Boxships from Jinling
Jinling Shipyard, a shipbuilding arm of CSC Sinotrans, has signed a construction contract with Shanghai-based Zhonggu Shipping for four 2,500 TEU container ships. The boxships will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI) and will feature the latest energy-saving fea
Shipping Firms Still Far Away from Cyber Security Basics
While cyber security has become a hot topic on conference platforms and industry events around the world, implementation plans and training for crew are lagging as companies take time to develop top-down strategies, according to shipping industry’s provider of shipboard software solutions GTMaritime
Swiber Scores $215M Contract Hat-Trick
Singapore-listed EPCI contractor Swiber has secured three new contracts for projects with a total value of US$215 million in the Middle East and Southeast Asia regions. Swiber has been awarded an EPCI (engineering, procurement, construction and installation) contract from an undisclosed European oil
Otto Marine Gets Acquisition Offer, Extends Trading Halt
After last week’s reports that an undisclosed party was looking to buy Singapore’s offshore marine company Otto Marine Limited, the company said that it received a proposal from RHB Securities Singapore Pte Ltd (RHB), the financial adviser to the potential offeror. Namely, Otto Marine received a pro
Toho Gas inks deal to buy U.S. LNG
Japan’s Toho Gas said it has entered into a sale and purchase deal with Diamond Gas, a Mitsubishi Corporation unit, to buy liquefied natural gas from Cameron LNG export project in the U.S. This deal follows the heads of agreement the two companies signed in April last year. Under the agreement, Toho
Swiber bags $215M in new contracts
Swiber Holdings, an offshore construction services provider to the oil and gas industry, has secured three new contracts with a total value of $215 million in the Middle East and Southeast Asia regions. Swiber reported on Tuesday it was awarded an Engineering, Procurement, Construction and Installat
Otto Marine extends trading halt due to takeover offer
Following last week’s takeover approach by an unnamed firm, Otto Marine on Monday evening received a proposal in relation to a de-listing, which carries certain conditions, from RHB Securities Singapore (RHB), the financial adviser to the potential offeror. To remind, last Thursday, Otto received a