South & Central Asia
Jera in talks on international LNG alliance
Japan’s Jera, the Tepco-Chubu JV entered talks with Kogas of South Korea and China’s CNOOC to form a large LNG buyers alliance.
SBI Offshore gets termination of jack-up rig deal
Singapore’s SBI Offshore announced on Thursday that a consortium of six Middle East-Chinese parties have terminated a $24 million worth jack-up drilling rig design and engineering contract it had with SBI. SBI Offshore said that the consortium filed a termination request in view of the downturn in t
World’s Largest Underwater Restaurant En Route to Maldives
Global shipping & logistics services provider, GAC, has organised move of the world’s biggest underwater restaurant from New Zealand to Maldives resort. The 22.5 meters long acrylic and steel structure is on its way to the Maldives, thanks to GAC’s project logistics expertise. It took 12 months of d
VIDEO: Boxship Arrested after Hit-and-Run
A 1999-built container ship MV Olf, which was involved in a hit-and-run incident with two other vessels, was arrested in Malaysian waters on February 23, the Malaysian Maritime Enforcement Agency (MMEA) reported. The incident, which occurred some five days earlier off Batu Ayam in the Singapore Stra
India OKs USD 150 Mln Investment in Iran’s Chabahar Port
The Indian government has approved a USD 150 million credit facility to support the development of Iran’s Chabahar port which lies outside the Persian Gulf, near Iran’s border with Pakistan. According to the government, India is negotiating this project to facilitate the growing trade and investment
South Korea: gas rates cut on declining LNG import costs
South Korean ministry of trade, industry and energy (MOTIE) on Wednesday revealed retail natural gas rates will be cut by an average of 9.5 percent starting March 1.
ST Marine Disposing of Design Arm in China
ST Marine, a marine arm of Singapore’s ST Engineering, has placed its China-based ST Marine (Wuhan) Engineering Design Consultancy under members’ voluntary liquidation. ST Engineering said that the decision to liquidate the design firm is a result of the company’s ongoing business review aimed at st
China tenders 18 offshore blocks
China has issued a tender offering eighteen offshore blocks for exploration to foreign companies with half of those located in the Pearl River Mouth basin, in the South China Sea. The blocks cover an area of 52,257 km2 and are are available for cooperation between the national oil company CNOOC and
Moscow Forum of Dredging Companies Starts
The 3rd International Forum of Dredging Companies, organized by the media group PortNews with FSUE Rosmorport and IADC as partners, kicks off today in Moscow. The visitors will have chance to learn more about new dredging and land reclamation technologies, to review the equipment for operations in s
Kogas, Enagas ink LNG collaboration deal
South Korea’s Kogas said it has signed on Tuesday a technical memorandum of understanding with Spanish LNG terminal operator Enagas.
Nam Cheong’s quarterly revenues drop 54 percent
Malaysia’s offshore support vessel builder, Nam Cheong, has informed that its revenues for the fourth quarter 2015 dropped by 54%. The company’s revenues dropped from RM523.9 million in 4Q 2014, to RM241.8 million in 4Q 2015. Further, the company’s net loss for the quarter was RM21.5 million, compar
Aqualis Offshore lands FPSO topside warranty survey gig
Marine and engineering consultancy Aqualis Offshore has won a contract to provide marine warranty surveyor (MWS) services for transportation of Petrobras’ FPSO P67 & P70 topside modules from Brazilian ports to COOEC’s yard in Qingdao, China. Aqualis Offshore, part of Oslo-listed Aqualis ASA, is to p