South & Central Asia
Vires picks Sevan Marine’s HiLoad tech for LNG terminal
Sevan Marine of Norway said its HiLoad LNG unit signed a technology licence agreement with Vires Energy Corporation for an LNG terminal in the Philippines.
Pioneer Marine Takes Delivery of 2nd Green Dolphin
Oslo-listed shipowner and dry bulk transporter Pioneer Marine Inc has taken delivery of its second 38,419 dwt Green Dolphin eco-design handysize vessel, the MV Kite Bay, from Yangzhou Guoyu Shipbuilding. MV Kite Bay’s fuel consumption is about 6 tonnes per day lower than the non-eco design vessels,
COSCO Zhoushan Hands Over Front Ocelot
COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 111,000 DWT tanker Front Ocelot, to an undisclosed European buyer. However, registry data indicate that the Marshal Islands-flagged vessel is owned by Front Aphhrodite Inc, a shipowning arm of Frontline, an
Net loss for Emas Offshore
Singapore’s offshore services provider Emas Offshore has reported a net loss of $3.2 million for the three months ended November 30 2015, (“1QFY2016”). Emas Offshore’s revenue for the quarter was $49.8 million. The company said the result was a consequence of the challenging operating conditions und
DNV GL to class first LNG-powered bulkers
DNV GL informed that the ESL Shipping’s LNG-fueled bulk carrier will be built to its new set of classification rules.
Readers’ Picks of the Week (Jan 4 – Jan 8, 2016)
ISIS Attacks Libya’s Largest Oil Port Libya’s largest oil port of Sidra was attacked early Monday by Islamic State militants who were trying to seize the port… Read More Four Cruise Ships Joining Carnival’s Fleet in 2016 Cruise shipping giant Carnival Corporation & plc said it will launch four new s
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 04 – January 10). Oil services company, Subsea 7, saw its stock price hit a five-year low after dropping below NOK 55 on Wednesday. The stock has fallen some 36 percent since May this year aft
Popular news, January 4 – 10, 2016
Read the most popular news of the week.
Top news of the week January 4-9, 2016
Croatian LNG project receives seven equity interest bids LNG Hrvatska, the company established to build and operate the first Croatian liquefied natural gas terminal on the island of Krk concluded the public call for investment in the project. Update: Cheniere confirms it will ship first LNG export
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (January 3-10). Boskalis Strengthens Market Position in Germany Royal Boskalis Westminster N.V. has reached a heads of agreement with STRABAG SE for the acquisition of the dredging activities and assets of STRABAG W
Sinopec discovers oil and gas in Beibu Gulf (China)
China’s Sinopec has reportedly made a “high-yield” oil and gas discovery in a test well in the Beibu Gulf, offshore China. The country’s oil and gas giant, focused primarily on onshore exploration, on January 5th said it had completed testing at the Weizhou 4 well, with high yielding results. Accord
Ezra issues profit warning. Expects net loss
Ezra Holdings Limited, a Singapore-based offshore services provider, has issued a profit warning for the first quarter 2016 results. The company said its board of directors expect Ezra Holdings will report a net loss, compared to the corresponding period of the previous year. While it did not provid