South & Central Asia
Japan plans to launch LNG trading hub by early 2020s
Japan, the world’s buyer of liquefied natural gas is aiming to establish an international LNG trading hub by the by the early 2020s, according to a statement by Japan’s Ministry of Economy, Trade and Industry.
Nordic American Tankers to Add Four Suezmaxes
Bermuda-based tanker owner Nordic American Tankers (NAT) has inked a deal with an undisclosed party to acquire four 150,000 dwt Suezmax vessels for a price of USD 106 million. The company expects that the crude oil tankers, which were built at a Japanese shipyard, will be delivered during May, June
Fourth New LNG Carrier Joins MOL’s Fleet
Japanese shipping company Mitsui O.S.K. Lines (MOL) took delivery of the liquefied natural gas (LNG) carrier Kumul at Hudong-Zhonghua Shipbuilding in Shanghai on April 29. The 290-meter long vessel, which was ordered by MOL subsidiary Gemini LNG Shipping Limited, is the last in a series of four newb
MOL takes delivery of Kumul LNG carrier
Mitsui O.S.K. Lines on Friday said it has taken delivery of the LNG carrier Kumul from the Chinese shipbuilder Hudong-Zhonghua Shipbuilding.
Protean about to start WEC testing
Following completion of pre-deployment preparations, Protean Wave Energy has announced the imminent deployment of the first Protean wave energy converter (WEC) buoy at Port of Bunbury, Western Australia.
NIGC, Kogas ink LNG MOU
National Iranian Gas Company (NIGC) on Sunday signed a memorandum of understanding with the South Korean LNG import giant Kogas for cooperation in the gas industry.
Pirates Free Ten Kidnapped Indonesian Crewmembers
Ten Indonesian crewmembers who were kidnapped on March 26 in the Philippine waters have been released from captivity, according to the Indonesian Ministry of Foreign Affairs. The crew were taken following the hijacking of tug Brahma 12 and the barge Anand 12 during their voyage from Sungai Puting, S
Oil prices fall on rising OPEC crude production
Oil prices fell on Monday as rising production in the Middle East outweighed a decline in U.S. output and a recent slide in the dollar, which has been supporting crude.
MARDEP: More Dredging Work at Hong Kong Coliseum
With immediate effect and for a period of approximately 13 months, marine works involving dredging operations and modification of finger pier will be carried out off Hong Kong Coliseum, Hung Hom. According to the Hong Kong Marine Department (MARDEP), these operations will be carried out by a flotill
Top news of the week April 24-30, 2016
Shell to shut BG’s head office in Reading Hague-based LNG giant Shell said it will close BG Group’s head office in Reading by the end of this year following the multi-billion merger that was completed in February. Update: Shell scraps FLNG order at SHI South Korean shipyard, Samsung Heavy Industries
Popular news, April 25 – May 1, 2016
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Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating liquefied natural gas (FLNG) units from oil and gas giant … Read More Drewry: Orphaned Carriers Will Have to Find New Partners The formation o