South & Central Asia
Rosneft spuds exploration well offshore Vietnam
Rosneft Vietnam B.V., a company of Russia’s Rosneft group, has started drilling the exploration well PLDD-1X at Block 06.1, in the Nam Con Son basin, located offshore Vietnam. This is Rosneft’s first drilling project as an operator in the international waters. The design depth of the well will be ar
HMM to Launch China-Thailand-Express
South Korean shipping company Hyundai Merchant Marine Co. (HMM) is about to launch a new Korea-Vietnam-Cambodia direct service under the name ‘China-Thailand-Express (CTX )’ as the company targets to enhance its market power in the intra-Asia. The CTX service will connect Tianjin, Busan, Gwayang, Sh
Qatar ships LNG cargo to Thailand
Thailand’s Map Ta Phut LNG terminal is scheduled to receive a cargo of liquefied natural gas from Ras Laffan near the end of the month.
SembMarine buys more Gravifloat stake
Sembcorp Marine has acquired an additional 44% equity stake in Gravifloat for $38 million. This will bring the company’s stake in Gravifloat to 56%. Under the agreement, the company will eventually increase its stake by a further 44% to 100% through an equity purchase at the same price. Gravifloat d
GM DSM Boosts Singapore Base
Global Maritime Deep Sea Mooring (GM DSM) has received its first shipment of mooring equipment into Singapore. According to the company, the first shipment consists of R5 chains, Stevpris Mk6 anchors, steel wire rope for mooring inserts and riser wires, MoorLink swivels, surface/subsurface buoyancy
Ravestein Builds World’s Largest Backhoe for Boskalis
The new backhoe dredger Magnor, currently being built for Boskalis by Ravestein, will be the largest and most efficient backhoe dredger in the world. Two large deck cranes are fitted for work on- and changing of the equipment (boom, stick and bucket) of the excavator. The vessel includes all the nec
Jumbo Sets Up World’s Largest Underwater Restaurant
Jumbo has installed the world’s largest underwater restaurant, located in Hurawalhi, Maldives. At The Maldives, Jumbo moored the transport vessel alongside a shallow coral reef where the acrylic and steel structure for the world’s biggest underwater restaurant was lowered onto pre-installed concrete
ICTSI’s Profit Sinks Despite Growth in Volume
Manila-based container terminal owner and operator International Container Terminal Services Inc. (ICTSI) has posted a net income of USD 58.5 million for the full year of 2015, down by 68 percent compared to the USD 182 million earned in 2014. During 2015, the company handled a total of 7.8 million
SK Shipping Linked to Tax Evasion Inspection, Company Refutes Claims
South Korean shipping company SK Shipping Co. is reported to be under investigation by the country’s National Tax Service, the Korea Herald informs. Namely, the company is linked to alleged tax evasion practices as the investigation is being conducted by the NTS’s division in charge of large compani
Wood Mackenzie expects faster oil market recovery than 30 years ago
Thirty years ago, the film ‘Back to the Future II’ made some amazingly accurate predictions about everyday technology, including video conferencing, biometrics and wearable tech. Around that same time, the US was also experiencing a major oil price collapse, which is an appropriate analogue for toda
Shizuoka Gas to start reselling LNG cargoes
Shizuoka Gas’s Sodeshi LNG terminal is close to starting liquefied natural gas reloading operations, company’s deputy general manager, feedstock department, Hirotaka Kaneda said.
DP World Looking to Boost Investment in Thailand
Dubai’s port operator DP World is exploring investment opportunities in Thailand including those in infrastructural as well as terminal developments in Laem Chabang International Terminal (LCIT). Discussions between the company’s Chairman and Taiwan’s Deputy Prime Minister Somik Jatusripitak revolve