South & Central Asia
Opus Tiger Class Drillship Passes Second Round of Sea Trials
CSSC Shanghai Shipyard-built Opus Tiger-1 drillship has completed the 12-day second sea trial in East China Sea. The trial, in water depth of some 82 meters, was focused on the mooring system and drilling system integrated acceptance test. The drilling package, designed and manufactured by Honghua G
Hyundai Heavy Sets USD 19.5bn Order Target in 2016
South Korean shipbuilder Hyundai Heavy Industries (HHI) has set its order target at USD 19.5 billion in 2016, compared to last year’s target of almost USD 23 billion. The company experienced a bumpy year, as it was hit by significant losses following contract cancellation of a semi-submersible rig a
ST Marine Wraps Up 2015 in Style
Singapore Technologies Marine Ltd (ST Marine), a marine arm of ST Engineering, has secured new orders worth about $344m for its shiprepair and engineering business groups in the fourth quarter of 2015. The company said that the contracts cover major upgrades, conversion, maintenance and repair of ve
MOL Sees Few Prospects for Recovery
Japanese shipping company Mitsui OSK Lines’ (MOL) CEO Junichiro Ikeda said that the company sees “few prospects for recovery” during 2016 due to China’s historically low levels for containership and dry bulker markets. According to Ikeda, MOL continues to experience issues with fleet oversupply as t
Shipping Bodies Launch Cyber Security Guidelines
Shipping organizations comprising BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have launched a set of guidelines to help the global shipping industry prevent major safety, environmental and commercial issues that could result from a cyber incident onboard a ship. The cyber guidelines launched today a
Genting Hong Kong Takes Remaining Stake in Lloyd Werft
Genting Hong Kong Limited said in a stock exchange filing that it has exercised the call option to buy the remaining 30% in German shipbuilder Lloyd Werft. The deal has been carried out for a total consideration of EUR 16.4 million and includes approximately 50% stake in Lloyd Investitions und Verwa
Woodside Finds Gas Offshore Myanmar
Woodside informed that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. The well reached the planned original total depth (TD) of 4810 m, referenced from the rig rotary
Opus Offshore’s first drillship completes its second sea trial
Opus Offshore-owned drillship, the Opus Tiger-1, has completed its second sea trial in China. The drillship will be managed by a joint venture company between Songa Offshore and Opus Offshore, named Songa Opus Offshore Drilling Pte Ltd. The Opus Tiger-1 drillship was built by Shanghai Shipyard and t
Petronet, RasGas agree new LNG price, penalty waived
India’s largest LNG importer, Petronet said it has come to an agreement with RasGas of Qatar to revise the 7.5 mtpa LNG import deal terms significantly cutting the price.
Minister Inaugurates Mormugao Port Capital Dredging
Shri Nitin Gadkari, the Union Minister for Road Transport, Highways and Shipping, inaugurated the capital dredging scheme at the Mormugao Port cruise berth in Goa last week. Speaking on the occasion, the Minister said that Mormugao is going to be the first port in the country with a draft of 19.5 m.
Offshore Wind Could Boost Indo-Norwegian Business Ties
Offshore wind energy could be an area of great interest for further Indo-Norwegian partnerships in business and research, as Norwegian companies can contribute to India’s offshore wind sector with their expertise and technological know-how necessary to create cost-effective projects, according to th
Woodside strikes gas offshore Myanmar
Australia’s Woodside has informed that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. Approximately 15 m of net gas pay is interpreted within the primary target interv