South & Central Asia
JOGMEC Extends Seychelles Joint Survey Agreement
Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an extension to the joint survey agreement for the evaluation of the hydrocarbon potential in offshore Seychelles among Ministry Responsible for Hydrocarbons and PetroSeychelles Ltd on March 1, 2016. JOGMEC has been conducting geolog
Pha Rung Clinches Deal for Two Chemical Tankers
Vietnamese Pha Rung Shipyard has received an order to build two chemical tankers for a Korean ship owner BS Shipping, according to the shipbuilder. The 6,500 dwt vessels will feature a length of 110 meters and a width of 18 meters. The contract was signed as part of the eighth International Exhibiti
GAIL Delays LNG Tender Deadline Again, Gives More Time to Bidders
India’s gas utility has yet again pushed back the USD 7 million tender for nine LNG carriers, this time for one month. Namely, the bids were due by the end of February, nevertheless the deadline has been postponed until March 31st. As explained by the GAIL ‘s Chairman, BC Tripathi, quoted by the Ind
Three workers hurt in Sembcorp Marine shipyard incident
Following the collapse of a shipyard crane boom that caused damage to Noble’s newbuild jack-up rig, Singapore-based shipyard owner, Sembcorp Marine, has reported that three workers have been injured during the incident. On Sunday, February 28, 2016, at 3.40pm, a shore crane at Sembcorp Marine Tanjon
GAIL delays LNG carrier tender again
India’s GAIL has again postponed the tender seeking to hire nine LNG carriers to carry U.S. liquefied natural gas starting in 2017.
Shipyard crane collapses, damages Noble rig in Singapore
Offshore drilling contractor Noble Corporation has informed that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane boom operating near the rig. The rig is in the late stages of construction at the Sembcorp Marine’s Juron
Crane Collapses at Sembcorp Shipyard, Damages Rig
A crane collapse at the Sembcorp Marine Tanjong Kling shipyard in Singapore caused damage to a jackup rig under construction on February 28. According to the vessel’s owner, the offshore drilling company Noble Corporation, there were reports of minor injuries to some shipyard personnel. Namely, thre
Tokyo Gas books more Cameron LNG volumes
Tokyo Gas of japan said on Wednesday it has signed a deal with a Mitsubishi Corporation unit to buy liquefied natural gas from the Cameron LNG project in Louisiana.
Oil at two-month high on China demand hopes, easing supply glut
By Karolin Schaps LONDON (Reuters) – Oil prices rose on Tuesday after China’s surprise monetary policy easing stoked expectations for higher oil demand from the world’s largest commodities consumer and signs emerged that a global supply glut was starting to deflate. Benchmark Brent crude futures <LC
Two Missing After Fishing Vessel and Boxship Clash
At least two crew members are missing after a Taiwanese fishing vessel collided with a 1987-built containership Shin Chun off Kaohsiung in the morning hours of February 29, Taiwan’s Coast Guard informed. According to the official statement, the two missing people, Taiwanese and Indonesian nationals,
Petronas to axe 1000 jobs
Petronas of Malaysia on Tuesday said it will cut 1000 jobs as part of its group-wide transformation resulting from the effects of the current oil market.
Container Shipping: Consolidate or Die?
Consolidation in the container shipping industry is happening for the first time in a decade and will likely continue in 2016, according to a new report from AlixPartners advisory firm. The containerized-ocean-freight industry suffered considerably in 2015 amid continuing financial woes and all sign