South & Central Asia
Ezra and Chiyoda set up new, joint subsea firm
Singapore’s oilfield services provider Ezra Holdings has announced that Japanese oil and gas industry engineering company, Chiyoda Corporation, has completed its investment into Ezra’s subsea services business, Emas AMC, to form a 50:50 joint venture, Emas Chiyoda Subsea. The duo entered into a join
EU and India join hands for clean energy
The EU and India have committed to dialogue and cooperation on clean energy, energy efficiency and climate action.
MOL Starts Cutting Its Dry Bulk, Boxship Fleets
Japanese shipping company Mitsui O.S.K. Lines (MOL) is reducing its Capesize fleet by about 10% by cancelling some charter-in contracts and selling some dry bulkers it owns, within its drastic restructuring plan announced in February. The company said that it has already started returning chartered-
COSCO Corporation Sinks to Loss
COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, suffered a net loss of SD 570 million (USD 423 million) compared to net profit of SD 20.9 million for the previous year. According to Wang Yu Hang, the Group’s Chairman, the significant net loss is
POSH Xanadu flotel stays in Brazil for another year
Singapore’s PACC Offshore Services has secured a contract extension in Brazil for its POSH Xanadu semi-submersible accommodation vessel. The company, also known as POSH, said the POSH Xanadu would keep on working in the Campos Basin for another year. The flotel, delivered by a Chinese shipyard in la
Petronas to spin drill bit in Turkmen sector of Caspian Sea soon
Malaysia’s state-owned oil giant Petronas will soon start drilling its first well on the Garagol Deniz West field, offshore Turkmenistan. The Garagol Deniz West field is located in the contract territory Block 1 in the Turkmen sector of the Caspian Sea. Quoting Petronas’ Ashgabat office, Nebit-Gaz,
G6 Alliance Voids More Sailings
More void sailings have been added to the G6 Alliance’s Asia-Europe service in response to the changes in market demand. The alliance, consisting of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, said that the changes would be
IEA, China to establish joint energy center in Beijing
The International Energy Agency (IEA) and China’s National Energy Administration (NEA) have agreed to launch the process of establishing a new IEA-China energy cooperation center in Beijing.
Imabari Installs First SOx Scrubber in Japan
Japanese shipyard Imabari Shipbuilding has installed the first SOx scrubber in Japan onto a new 84,000 dwt bulk carrier MV Nadeshiko built for an undisclosed local shipowner. After its completion, the vessel will conduct data collection and verification on the system, maintenance and operation. This
Infographic: Half of Capesize Deliveries Pushed Back
As the pains of the dry bulk market protract into this year as well owners feel propelled to delay deliveries of their fleet additions as they struggle to find decent rates for the existing fleet units. This is particularly hurting Capesize owners who have pushed half of their Capesize newbuildings
Songa takes delivery of its fourth and final Cat D rig
Songa Offshore on Thursday took delivery of its fourth and final Cat D rig, Songa Enabler, from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Enabler is the last rig in a series of four Category D rigs specifically built for and contracted to Statoil. According to its owner, Songa
Mercator Lines Sells Bulker for USD 2.9 Mln
Singapore-listed shipping company Mercator Lines (Singapore) Limited has reached an agreement to sell its MV Kalpana Prem bulk carrier for a price of USD 2.9 million. The 2000-built vessel was sold to an undisclosed buyer “on an arms-length basis”. The ship is secured to Mercator Lines’ major shareh