South & Central Asia
Report: KCA Deutag looking to hire 300 offshore workers
While many of its peers are looking to cut costs by slashing jobs, KCA Deutag, a drilling and engineering contractor headquartered in Aberdeen, is recruiting 300 new offshore workers. According to Offshore.no, a Norwegian-language website covering the country’s offshore oil and gas industry, the rec
India gives Ratna and R-Series fields back to ONGC
The Indian government has decided to take back the Ratna and R-Series fields located offshore Mumbai, and award them to ONGC. The field was originally developed by ONGC but the government, during 1995-96, issued an award of the contract for development of the field to a consortium of Essar Oil Limit
AAL, Peter Döhle Set Up New Semi-Liner Service
Singapore-based breakbulk, project cargo and heavy lift carrier AAL and Peter Döhle Schiffahrts-LG, a shipping company from Germany, have launched a new service – ‘Asia-Middle East-Europe’, following up their cooperation on multipurpose tramp solutions. The joint semi-liner service offers multipurpo
South Korea: Kogas sales edge up in February
South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 3.49 million mt in February, a rise of 3.4 percent as compared to the same month last year.
Keppel on track to deliver fifth flotel to Floatel
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine, is on track to deliver a fifth high-specification accommodation semi-submersible to Floatel International. The semi, which is built to Keppel’s SSAUTM 5000NG design, was named Floatel Triumph during a ceremony held earlier on Friday
DP World Gets ‘Go Ahead’ for Indian Holding Company
The Indian government issued today its approval to the proposed change in shareholding in the Container Terminal Projects of Dubai-based port operator Dubai Port World (DPW) Limited in major ports. The green light allows for the creation of an Indian holding company to DPW to operate and manage the
Osaka Gas expects similar LNG consumption figures in next 5 years
Japan’s Osaka Gas said Thursday it is expecting its yearly consumption of liquefied natural gas to be at almost the same levels in the next five years. The gas utility said in its five-year business plan that its consumption of the chilled fuel is expected to be at 6.997 million mt in the fiscal yea
DSME to Axe 12,000 Jobs by 2019
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) plans to slash its workforce by 12,000 to 30,000 by 2019 within its cost cutting measures. “We are planning to reduce the number of employees to a similar level to 2009 and 2010 when management efficiency was the highest,” DS
Chinese Bidding for Stake in Meerwind OWF
China Three Gorges Corporation and China Guodian Corporation have placed bids to buy Blackstone Group LP’s share in the 288MW Meerwind Süd/Ost offshore wind farm situated in the German part of the North Sea, Bloomberg quoted sources familiar with the matter as saying. The wind farm is owned and oper
Drewry: Megaships Not Delivering Mega Savings
The economies of scale that have been a key feature of the liner industry, may be running out, shows Drewry’s study of the operational and financial impacts on lines, terminal operators, ports and other supply chain stakeholders as vessel size increases up to and beyond 18,000 teu. Since 2009, leadi
ReCAAP: Asian Maritime Crimes at 12-Month Low
The number of incidents of armed robbery against ships in Asia has reached its lowest level in February 2016 when compared to the previous twelve months, according to the latest report from Asian piracy watchdog ReCAAP ISC. There was a total of three incidents reported, none of which was related to
South Korea’s DSME to slash thousands of jobs
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has reportedly announced that thousands of jobs will be cut by 2019. According to the Korea Herald, the daily newspaper with news from South Korea, DSME will cut 12,000 jobs, leaving the company with 30,000 employees by 2019 as part of ef