South & Central Asia
No New Orders for COSCOCS, Existing Orders Enough to Reach 2Mln TEU Mark
China Ocean Shipping Corporation’s (Coscocs) plans to up the ante by reaching a 2 million TEUs operational capacity mark by the end of 2018 will not include new orders. Coscocs, created from a merger between China Shipping and Cosco, has no intention to order a substantial number of containership ne
VIDEO: Installation of offshore flowlines at Ichthys field complete
Japan’s oil and gas exploration and production company Inpex announced it has completed the installation of 140 kilometres of rigid subsea flowlines for its Ichthys LNG project in the Browse Basin, approximately 220 kilometres offshore Australia. The company said this was the final infield pipelay a
CMA CGM Denies Talks with Korean Builders on New Mega Boxships
French container shipping giant CMA CGM denied media reports on being in preliminary discussions with Korean shipbuilders on a potential order for new ultra-large containerships. Namely, CMA CGM was reported to be in talks with Korean big three Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and
Tepco’s January LNG imports slide
Tokyo Electric Power (Tepco) revealed its LNG imports in January stood at 1.8 million mt, 21 percent down from 2.28 million mt during the same month 2015.
McDermott, Larsen & Toubro Join Forces in India
McDermott International has signed a long-term agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the relationship between McDermott and LTHE, both
McDermott partners up with L&T for subsea projects off India
McDermott, a provider of integrated engineering, procurement, construction and installation (EPCI) services, has signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India.
Peru resumes LNG exports, ships cargo to South Korea
Peru’s only natural gas liquefaction facility at Pampa Melchorita restarted exports after a pipeline caused a halt in operations recently.
Fitch: Renewables Shielded from Pricing Risk
Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at F
Fitch: Renewables Shielded from Pricing Risk
Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at F
Sri Lanka Wants a Partner for Remaining ECT Stake
Sri Lanka Ports Authority (SLPA) is looking for a shipping company or a terminal operator to take over 49% of the remaining shares in its East Container Terminal (ECT) in Colombo. Sri Lanka’s Ports and Shipping Minister Arjuna Ranatunga revealed that the authority is launching a Request for Proposal
MOL Ties Up Tokyo and Sendai with New Feeder Service
Tokyo-based shipping company Mitsui O.S.K. Lines (MOL) launched a domestic feeder service between Tokyo and the port of Sendai, Miyagi on February 16, 2016. According to the company, the new service will offer frequent connections between the two ports, while connecting with MOL’s global network thr
February Brings Flickers of Improvement for Boxships
There have been some ‘flickers of improvement’ in February in the container shipping industry after an opening to the year which saw 1.3m teu of capacity idle, freight rates struggling and the charter market on its knees, Maritime Strategies International reports. Having suffered a torrid end to 201