South & Central Asia
DW: 2016 shaping up to be just as challenging as 2015?
2015 was a tough year. Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern, Douglas-Westwood, an energy intelligence group, said in its latest DW Monday report. Recent trends in commodity prices have not helped, DW noted. Late Dece
Longyuan Power Hooks Up First Four Turbines off Nanri Island
Chinese utility Longyuan Power Group Corp connected to the grid the first four wind turbines at the 400MW Longyuan Putian Nanri Island wind farm on December 21, the company’s parent said in a release. The four 4MW Siemens SWT-4.0-130 wind turbines are situated in the waters off the city of Putian, F
ISS, Chembulk Expand Cooperation to South America and Asia
Inchcape Shipping Services (ISS), a maritime and logistics service provider, and Connecticut-based deep-sea chemical shipping company Chembulk Tankers have expanded their agreement into South America and Asia. With this move ISS said it will handle some 150 additional port calls for Chembulk Tankers
ITF Calls for Coronial Inquiry into Seafarer Death
The International Transport Workers’ Federation has formally called for a coronial inquest into yet another seafarer death on board a Panamanian registered Flag of Convenience coal carrier. Namely, a 26-year-old Filipino national died on 19 December 2015 on board the Japanese owned, Panamanian regis
China Insurance Investment fund eyeing Yamal LNG stake
China Insurance Regulatory Commission (CIRC) on Monday said a new investment firm raised 40 billion yuan (US$6.1 billion) to fund energy projects abroad.
Colombo Wants a Spot Among World’s Top 20 Container Ports
Sri Lanka’s port of Colombo wants to secure a spot among the top 20 global container ports and now seems to be the perfect time to do so seeing that major global ports have seen their cargo throughput decline in 2015 whereas Colombo experienced growth. Namely, the Port of Colombo marked a growth of
Huisman Cuts Steel for COOEC’s Vertical Lay System
Dutch firm Huisman has marked the start of construction of the new pipelay system for COOEC, a subsidiary of CNOOC, by holding a steel cutting ceremony at its facility in China. It is a 325mt vertical lay system (VLS) for flexible pipe, and it will be the first ever operated and owned by a Chinese c
Xu Lirong to Head China Cosco Shipping Group
The acting chairman of China Shipping Group (CSG) has been appointed the new chairman of China Cosco Shipping Group, an entity to be created following the merger of China Ocean Shipping (Cosco Group) and China Shipping Co. The merger was cleared by China’s State Council earlier in December. Under th
Major offshore energy events of 2015, Vol. 2
Major offshore energy events of 2015, Vol. 2
Two More Bodies Confirmed as Thorco Cloud Crew Members
The two lifeless bodies of the three found by local search and rescue teams near the sunken Thorco Cloud in the Singapore Strait have been confirmed as two of the initially six missing crew members. The six crew members of the Antigua and Barbuda-flagged freighter Thorco Cloud went missing after the
KrisEnergy hikes production, boosts reserves estimates
KrisEnergy, an independent upstream oil and gas company, has reported an increase in oil and gas production and reserves estimates for the year-end 2015. According to KrisEnergy, its working interest production of oil and gas stood at 19,935 barrels of oil equivalent per day (boepd) as at January 1,
BIMCO: 2016 Another Challenging Year for Shipping
As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to BIMCO, as hope for a bounce-back in 2016 fades away. Despite this, the International Monetary Fund has forecast higher GDP growth rates for 2016 across the board. The shipping industry