South & Central Asia
Japan Buys Controlling Stake in Yokohama, Kawasaki Ports
The government of Japan has bought a 50 percent share in the company which operates the ports of Yokohama and Kawasaki for a price of JPY 500 million (USD 4.4 million), Japan’s Ministry of Land, Infrastructure and Transport informs. The government is now a majority holder in the company, reportedly
Sino-Global Sets Up New Subsidiary to Target US Market
Virginia shipping agency, logistics and ship management services company Sino-Global Shipping America has set up a new subsidiary, Sino-Global Shipping LA Inc., as it targets business expansion of logistics services focusing on goods bound for the US, including cargo forwarding, trucking and customs
South Korea: GasLog names LNG duo
LNG shipping company GasLog held a naming ceremony on March 22 for its two LNG tankers at the Samsung Heavy Industries shipyard in South Korea. The 174,000 cbm tri-fuel diesel electric (TFDE) carriers were named “GasLog Greece” and “GasLog Glasgow”. Once delivered during the year, both LNG tankers w
HMM, FESCO and CMA CGM Launch Joint CRS Loop
South Korean liner Hyundai Merchant Marine (HMM) has teamed up with Russia’s FESCO and French CMA CGM on a new China-Korea-Russia weekly service, under the name ‘China Russia South Service’ (CRS). Prior to the launch, HMM has been jointly operating two services ‘KRS’ (Korea Russia Service) and ‘KR2′
Schlumberger–Cameron Deal Gets Chinese Consent
The Chinese Ministry of Commerce (MOFCOM) has cleared a proposed merger between the world’s largest oilfield services company, Schlumberger, and Houston-based flow equipment specialist, Cameron, without any conditions, the companies informed on Friday. As a result of the MOFCOM approval, the parties
Chinese Underwater Robot Completes First Task
China’s unmanned submersible Qianlong No.2 has completed sea trials and delivered its first exploration mission in the southwest Indian Ocean. The 3.5 meters long and 1.3 meters high autonomous underwater vehicle (AUV) was designed and developed by the Chinese Academy of Sciences Shenyang Institute
Schlumberger-Cameron deal clears final regulatory hurdle
World’s largest oilfield services provider, Schlumberger, and Cameron International Corporation jointly announced on Friday that Chinese Ministry of Commerce (MOFCOM) has cleared their proposed merger without any conditions. MOFCOM approval represents the last major closing condition to the proposed
Keppel hands over two new jack-ups to Mexican client
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine, has delivered two jack-up rigs to Mexican company, Grupo R. Built to Keppel’s proprietary KFELS B Class design, the rigs, Cantarell I and Cantarell II, will be chartered to Pemex, Mexico’s national oil company, for operations in the
China approves Schlumberger-Cameron merger
Oilfield services giant Schlumberger said on Friday its acquisition of Cameron has been given the unconditional clearance by Chinese Ministry of Commerce (MOFCOM).
Popular news, March 21 – 27, 2016
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TS Taipei’s Oil Spill Reaches Taiwanese Coast
TS Taipei, the 2006-built containership which recently grounded off Shimen, Taiwan, caused a massive oil spill after its hull broke in two on Thursday, Taiwan’s Environmental Protection Department (EPA) said. Relevant authorities managed to pump out some of the vessel’s diesel fuel before it split,
Readers’ Picks of the Week (March 21 – 25, 2016)
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