South & Central Asia
IRISL Seals Cooperation Deal with PIL
The Islamic Republic of Iran Shipping Line (IRISL) has penned a Memorandum of Understanding with Singapore-based counterpart Pacific International Lines (PIL), Iran’s Mehr News Agency reports. Under the MoU, the two countries laid the groundwork for collaboration in the field of maritime transport,
First North Korean Vessel Stopped in the Philippines
The first North Korean cargo vessel was inspected in the Philippines by coast guard officials since the United Nations Security Council adopted the US-led resolution to impose new and tighten existing sanctions against the Democratic People’s Republic of Korea (DPRK), the Associated Press informs. T
CMA CGM’s Behemoths to Sail from Asia to US West Coast
French liner giant CMA CGM Group said that it will deploy its flagship fleet of six 18,000 TEU vessels between Asia and the West Coast of the U.S. starting end of May. The company said that the decision to send its flagship fleet on the most active and dynamic market to date – the trans-Pacific mark
Petronas Names Its First FLNG
The first floating liquefied natural gas (FLNG) facility of Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) has been named today at its shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, South Korea. “Today, we have pushed the boundaries and turned our technologi
South Korea: Petronas holds naming ceremony for its first FLNG unit
Malaysian energy giant Petronas held a naming ceremony on Friday for its first floating LNG unit, the PFLNG1, at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo. “Today, we have pushed the boundaries and turned our technological aspirations of having an LNG plant on a
Bulker Sinks off Shanghai, 14 Crew Evacuated
A Chinese bulk carrier Bao Jiang 88 capsized and subsequently sank some two nautical miles off Shanghai’s Yangshan port in Jinshan Fairway on February 29, according to the Shanghai Maritime Safety Administration. The cause of the incident is currently under investigation, however, there are reports
DNV GL Adds Scrubber Ready Class Notation
Norwegian-based ship classification society DNV GL has developed a new class notation aimed at helping shipowners to prepare newbuildings for the installation of a scrubber. As DNV GL claims, Scrubber Ready standard ensures that the necessary preparations are in place for a smooth and cost-efficient
World’s first FLNG unit named in South Korea
Malaysian energy company Petronas has moved a step forward to deploying the world’s first Floating LNG (FLNG) unit. Namely, the company has revealed that the naming ceremony for the PFLNG-1 unit, or Satu, as it is called, was being held on Friday, March 4, in South Korea. “Today, we have pushed the
Gazprom secures 2 billion euro loan from Bank of China
Russian gas giant Gazprom said Thursday it has secured a five-year 2 billion euro loan from Bank of China’s London branch. This is Gazprom’s largest-ever direct loan from one financial institution and the first bilateral loan facility agreement with a Chinese bank, the company said in a statement. G
Matrix wins new order from China
Australia’s Matrix Composites & Engineering, a provider of engineered products and services for the energy sector, has been awarded a contract to supply drilling riser buoyancy to an equipment manufacturer based in China. According to the company, the contract is worth approximately AU$6 million ($4
Nigeria LNG names new tanker
Nigeria LNG recently named a liquefied natural gas carrier built by Samsung Heavy Industries for its shipping unit, Bonny Gas Transport.
Gazprom enters into $2.2B loan with Chinese bank
Russian energy company Gazprom and Bank of China, London Branch, entered on Thursday in Shanghai into a five-year EURo 2 billion ($2.2B) loan facility agreement. The agreement was signed by Gazprom’s Deputy Management Committee Chairman Andrey Kruglov, and by the Deputy General Manager Wang Huabin,