South & Central Asia
How ChemChina tried to gatecrash Shell’s BG mega-deal
By Dmitry Zhdannikov, Freya Berry and Ron Bousso LONDON (Reuters) – Chemical giant ChemChina approached BG Group with a possible bid late last year, just as Royal Dutch Shell was preparing to close a $52 billion (36.11 billion pound) deal to buy the British energy company, seven banking and industry
MISC Berhad Looking to Buy FPSOs and Tankers
Due to a depression in the offshore oil and gas industry, the Malaysia International Shipping Corporation (MISC) Berhad, a shipping arm of Petronas, is contemplating the acquisition of distressed floating, production, storage and offloading (FPSO) units, the company’s CEO Yee Yang Chien said at a pr
Transocean Postpones Delivery of Two Drillships
Owner and operator of mobile offshore drilling units Transocean Ltd. has reached an agreement with Sembcorp Marine’s subsidiary, Jurong Shipyard, to postpone the delivery of two drillships. Featuring the Jurong Espadon 3T design, the dynamically positioned ultra-deepwater drillships, which are being
Japan’s 2015/16 LNG imports down 6.2 percent
Japan’s imports of liquefied natural gas dropped 6.2 percent in the fiscal year that ended March 31, preliminary data from Japan’s Ministry of Finance showed on Wednesday. The world’s largest buyer of chilled gas imported 83.57 million mt of LNG in the fiscal year spanning from April 2015-March 2016
Cambodia Dredging Workshop Nears
The Ministry of Public Works and Transport is studying the effects of bank erosion in the Mekong River during workshops taking place this week in Siem Reap. Organized by the U.S. Agency for International Development and the U.S. Department of the Interior, the workshops will be held April 18-21 (nat
COSCOCS to Reveal New Carrier Alliance
The newly-created shipping major China COSCO Shipping Corporation (COSCOCS), created from a merger between China Ocean Shipping and China Shipping Group, is set to announce members of its new container shipping alliance. The announcement is expected to be made today by China Shipping Cosco Group in
Korean Register to Examine, Certify Indian Ships
Korean Register (KR), an IACS member classification society, has inked an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration. Under the deal, Korean Register is to carry out relevant vessel surveys and audits and issue certificate
Transocean puts off delivery dates for two drillships again
Two ultra-deepwater drillships being built in Singapore for one of the world’s largest offshore drilling contractors, Transocean, have been delayed for the second time. Transocean said on Tuesday that an agreement has been made with with Sembcorp Marine’s subsidiary, Jurong Shipyard, to defer the de
Jio Sees Launch of Bay of Bengal Gateway Subsea Link
A new, 8,100 km long submarine cable, the Bay of Bengal Gateway (BBG), has been launched, Reliance Jio informed. BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia. Reliance Jio owns and operates the undersea cable landing facilit
Sinopec’s Guangxi LNG terminal begins commercial ops
Sinopec’s Beihai LNG import terminal in China’s Guangxi region has officially started commercial operations, the state energy giant said on Tuesday. The 3 mtpa facility received its first commercial cargo from the ConocoPhillips-operated Australia Pacific LNG project in Australia. The cargo was deli
Carnegie closes EMC transaction, starts Mauritius project
Carnegie Wave Energy has started working on Mauritius project following the completion of the agreement with solar and microgrid operations developer Energy Made Clean (EMC).
HHI’s Orderbook Hit Hard in Q1
South Korean shipbuilding major Hyundai Heavy Industries Co. (HHI) saw a 42.2 % fall in new orders for the first quarter of 2016 when compared to the order intake from the corresponding period from last year. The value of the new orders placed at the yard during January-March 2016 totaled in USD 1.7