South & Central Asia
Thailand to Host Sustainable Energy & Technology Event
The inaugural Sustainable Energy & Technology Asia exhibition & conference will be held in March in Thailand. The event, hosted by Thai Ministry of Energy and the national Nuclear Society, will take place from 23 to 25 March in Bangkok’s International Trade and Exhibition Centre (BITEC). Thailand ha
Thailand to Host Sustainable Energy & Technology Event
The inaugural Sustainable Energy & Technology Asia exhibition & conference will be held in March in Thailand. The event, hosted by Thai Ministry of Energy and the national Nuclear Society, will take place from 23 to 25 March in Bangkok’s International Trade and Exhibition Centre (BITEC). Thailand ha
Shandong Highling HLC450 CSD Delivered to India
Shandong Highling Dredging Equipment and Machinery Co. recently delivered its HLC450 standard cutter suction dredger to an Indian client Rashmi Metaliks Limited. The dredger, handed over on January 11, will be used for an environmental dredging project. The dredging depth of this standard 18 inch dr
Wood Mac: Cost savings advanced deepwater projects in 2015
Wood Mackenzie’s mid-year prediction that only ‘a handful’ of major projects would make financial investment decision (FID) approval in 2015 proved close enough – only a few large upstream developments achieved the green light during the year, Wood Mackenzie, a global energy consultancy provider, sa
ExxonMobil: Oil & gas will make up 60 pct of global supplies in 2040
Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil, an oil and gas major, said on Monday in the 2016 edition of The Outlook for Energy. At the same time, energy efficiency gains and increased use of renewable energy sou
Creditors Approve Hanjin Heavy’s Financial Aid
Busan-based shipbuilder Hanjin Heavy Industries and Construction (HHIC) is in line to receive an emergency financial boost of USD 109 million from its creditors, led by Korea Development Bank, according to the Korea Economic Daily. The restructuring shipyard has agreed that it will hand over some of
Vessel Ordering Down 40% in 2015
Overall contracting of new vessels in 2015 dropped by 40% to 1,306 units from 2,162 in 2014, with estimated newbuild investment falling from USD 113bn to USD 69bn, according to Clarksons Research. Investors abstained from newbuild opportunities due to tough market, and the overall newbuilding price
Tepco’s December LNG imports drop 16 pct
Tokyo Electric Power (Tepco) revealed its LNG in December last year stood at 2.05 million tons, 16 percent down from 2.44 million tons during the same month 2014.
Royal IHC and Adani Sign Deal for IHC Beagle TSHD Duo
Royal IHC and Adani Group have signed a contract for two IHC Beagle® 8 trailing suction hopper dredgers (TSHDs). These two 8,000m³ vessels belong to the standardized IHC Beagle® series, designed and built by IHC using over a century of dredging experience. The IHC Beagle® series achieves high levels
CMES Expects Its 2015 Profit to Skyrocket
A state-owned shipping operator China Merchants Energy Shipping (CMES) said that it expects a 450 to 500 percent rise in its net profit for the 2015 financial year. CMES’s net profit should amount to some USD 180 million, compared to a net profit of USD 30.5 million in 2014, the Shanghai-listed comp
First Singapore LNG derivatives contract traded
Singapore stock exchange on Monday revealed the first trade of the new SGX FOB Singapore SLInG LNG derivatives contracts between Trafigura and Pavilion Gas.
Horizon Trader Beached at Shipbreaking Site in India
The Horizon Trader, a 42 year-old US flagged container ship that was acquired by New York-listed shipping company Matson when they purchased Horizon Lines in 2014 was beached at a notorious shipbreaking site in Alang, India. The ship contains hazardous materials, making its export and final voyage f