South & Central Asia
Caley Dive Bell Handling Systems for UDS’ Newbuilds
Offshore handling systems specialist, Caley Ocean Systems, is supplying Singapore-based, diving and subsea equipment company Flash Tekk Engineering with saturation dive bell handling systems for its client Ultra Deep Solutions’ vessels Deep Installer and Van Gogh DSCVs. The Caley dive bell handling
UMW Naga 6 jack-up rig hired by Petronas
Malaysia’s UMW Offshore Drilling has received a conditional Letter of Award from Petronas Carigali Sdn. Bhd. (PCSB) for a contract for the provision of a jack-up drilling rig. The UMW Naga 6 jack-up rig has been selected for the job. The contract duration has been set to two years plus one-year exte
MDL Energy to Fund New Vessels Project
MDL Energy, through it’s Singapore subsidiary, WaterBridge Ventures will be investing in a series of new-build vessels based on its proprietary new design (V 4910). Reportedly, these vessels are aimed at both the oil and gas IMR market including walk to work, diving and ROV operations, as well as in
MDL Energy to Invest into New Line of OSVs
New Delhi-based offshore services provider MDL Energy plans to invest in a new series of offshore support vessels based on its proprietary new design – V 4910. The new OSV will be equipped with a heave compensated offshore crane, and is designed to serve both the Oil&Gas inspection, maintenance, and
MDL Energy to Invest into New Line of OSVs
New Delhi-based offshore services provider MDL Energy plans to invest in a new series of offshore support vessels based on its proprietary new design – V 4910. The new OSV will be equipped with a heave compensated offshore crane, and is designed to serve both the Oil&Gas inspection, maintenance, and
Canada: Pacific NorthWest LNG dismisses claims on GHG emissions
Petronas-led multi-billion Pacific NorthWest LNG project in Canada dismissed claims by “climate experts” saying it would become one of Canada’s largest greenhouse gas emitters.
Hibiscus returns to profit thanks to Anasuria buy from Shell
Malaysia’s independent exploration and production company Hibiscus Petroleum returned to profit for the financial period ended March 31, 2016 due to completion of acquisition of Shell’s Anasuria cluster in the UK North Sea. To remind, in August 2015, Shell reached an agreement to sell a batch of its
Heung-a-Shipping Orders Tanker Pair from Dae Sun
South Korean shipping company Heung-a-Shipping has placed an order at compatriot shipbuilder Dae Sun Shipbuilding and Engineering Co for two small clean chemical/product tankers. The 6,500 DWT duo is slated for delivery in 2018 from the yard. The value of the contract has not been disclosed. The shi
JMU Clinches RoRo Order, Delivers Capesize Bulker
Tokyo-headquartered shipbuilder Japan Marine United Corporation (JMU) has increased its orderbook as it received a contract to build a 10,000 gross ton RoRo vessel, according to data provided by VesselsValue. Under the contract, signed with an undisclosed buyer on May 27, the new 6,200 dwt ship is e
Iran to Set Up Regular Shipping Line to Japan
Iran plans to launch a regular shipping line to Japan in the next few weeks, Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeidi said at a ceremony in Tehran on Monday, Tasnim News Agency reports. According to Saeidi, during the sanction era, there was only one
Drewry: Upsizing Ships on Asia-USEC Trade Slow but Sure
The direction of travel on the Asia-USEC via Panama trade is unstoppably moving towards bigger ships and fewer services as the shipping industry gears up for the opening of the expanded Panama Canal, but the speed at which this process takes place will be restrained, according to UK-based shipping c
Jinhui Shipping Opts for Restructuring to Stay Liquid
In light of the prevailing extreme shipping market conditions, Hong Kong-based Jinhui Shipping and Transportation Limited has initiated restructuring discussions with its lenders in an effort to manage liquidity risk and preserve its financial resources. The company said that, although it was able t