South & Central Asia
Alphaliner: Third Alliance in the Making?
The eight container carriers left out of the two major alliances, the 2M and Ocean Alliance, could team up under a single arrangement that would represent a serious counterweight on the East-West corridors, according to Alphaliner. The companies at stake are Hapag-Lloyd, Hanjin, Hyundai Merchant Mar
Noble Group rebuilding LNG trading desk
Hong Kong-based commodity trading house, Noble Group, has reportedly appointed former Total SA LNG trader Idoia Monje Norte to its liquefied natural gas desk in London.
DSME Misses Its Q1 Forecast
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) managed to turnaround its net profit for the first quarter of 2016 recording KRW 31.4 billion (USD 2.7 million) against a loss of KRW 1.12 trillion in the previous quarter. However, DSME’s operating profit remained in
Drewry: No Recovery for LNG Shipping Rates until 2018
Liquefied natural gas (LNG) shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the LNG Forecaster report from global shipping consultancy Drewry. The first quarter of 2016 was no better than the previous quart
India’s Shipyards Win Infrastructure Status
India’s shipbuilding industry has received an infrastructure status as the country’s Ministry of Finance has placed the shipyards on its Harmonized Master List of Infrastructure in an effort to support indigenous vessels program. With this move, the country’s shipyards will be eligible to receive lo
Hanjin Shipping’s Restructuring Cleared
South Korean shipping company Hanjin Shipping has received approval from creditors to move forward with its voluntary restructuring proceedings, the company said in an exchange filing. The approval comes after Hanjin submitted a formal request to restructure its debt with its seven lenders, led by s
MAKE: Offshore Wind LCOE Bound to Go Down
The offshore wind market is set to experience a significant improvement in Levelized Cost of Electricity (LCOE) over the next five years, as technology and supply chain gains improve, according to the renewables market analyst MAKE. The improvements in LCOE within the offshore market will be mainly
MAKE: Offshore Wind LCOE Bound to Go Down
The offshore wind market is set to experience a significant improvement in Levelized Cost of Electricity (LCOE) over the next five years, as technology and supply chain gains improve, according to the renewables market analyst MAKE. The improvements in LCOE within the offshore market will be mainly
Castle Peak Power Station Jetty Requires More Dredging
With immediate effect and for a period of approximately 10 months, dredging operations will be carried out within the Castle Peak Power Station Jetty, Tap Shek Kok area. According to the Hong Kong Marine Department (MARDEP), these operations will be carried out by one grab dredger with two split hop
Reliance Power wins in-principle approval for LNG-based Bangladesh power project
Reliance Power’s 750 MW LNG-based power project and FSRU liquefied natural gas terminal in Bangladesh has received government’s approval-in-principle.
Adani Ports Exceeds USD 1 Billion Mark
India’s port developer and part of Adani Group, Adani Ports and Special Economic Zone Limited (APSEZ), has handled 17 percent more containers in the full year ended March 31, 2016, as it reported a rise in its total operating income of over USD 1 billion. The company saw 3.35 million TEUs during the
CNOOC expanding Fujian LNG terminal’s capacity
China National Offshore Oil Corp (CNOOC) has reportedly started constructing two additional storage tanks at its Fujian LNG terminal in the city of Putian in southeast China.