South & Central Asia
Happy New Year 2016!
LNG World News staff would like to thank our readers for the support in 2015 and wish you all a happy and prosperous 2016. Happy New Year!
Carnival Returns to Fincantieri for Four More Cruise Ships
Cruise shipping giant Carnival Corporation & plc has signed a memo of agreement with Italian shipbuilder Fincantieri S.p.A. to build four new cruise ships with final contracts expected to be executed in 2016. Two of the four new ships will be built for Costa Asia for deployment in China, and one wil
South Korea Setting Up USD 1.2 bn Shipping Fund
The South Korean government is planning to set up a USD 1.2 billion ship investment fund to boost its shipping industry, Yonhap news agency informed. The fund is expected to be led by local commercial banks and state-run financial institutions including the Korea Development Bank, Export-Import Bank
Happy New Year 2016!
World Maritime News team wishes all our readers joyous holidays and a happy and prosperous New Year! We would also like to thank our readers for continuous support over the year and we look forward to bringing you the latest stories about the maritime world next year as well. May 2016 bring you fair
Triyards Wins Order for Two Oil Barges
Singapore-listed Triyards Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (USD 21.82m) from a new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. The new contracts stipulate the cons
Samudera Sells Tanker Duo
Singapore-based Samudera Shipping Line Limited has sold two of its oil tankers, namely, Sinar Tokyo and Sinar Bukom to PT Samudera Energi Tangguh, a subsidiary of PT Samudera Indonesia Tangguh. The sale price for Sinar Bukom and Sinar Tokyo was USD 360,000 and USD 4,500,000 respectively. The company
Top Interviews of 2015
The end of December and coming holidays are traditionally the time when we look back at the highlights of the ending year. World Maritime News is kicking off the 2015 retrospective with its Top 5 series, the first of which is the list of our 5 most read interviews of the year. Interview: Insufficien
China’s November LNG imports up
LNG imports into China reached 1.8 million tons in November, rising 3.47 percent year on year according to the General Administration of Customs data.
PetroChina consolidates its natural gas businesses
PetroChina informed that it has signed the agreement to sell its equity in PetroChina Kunlun Gas to Kunlun Energy for approximately US$2.28 billion.
Three Bodies Recovered near Sunken Thorco Cloud, One of Them Missing Crew Member
Three bodies have been recovered near the wreckage of the sunken Thorco Cloud and one of them has been confirmed as one of the six missing crew members of the sunken vessel. The six crew members of the Antigua and Barbuda-flagged freighter Thorco Cloud went missing after their ship sank in the Singa
HHI Keeps Up the Momentum with KSS Line’s Newbuilds
South Korean shipbuilder Hyundai Heavy Industries (HHI) has laid the keel for a 84,000 cbm Very Large Gas Carrier (VLGC) for its compatriot shipping company KSS Line. This is the second LPG carrier HHI started building for KSS this month. The ship, priced at KRW 91.4 billion (USD 76.7m), is due for
Petronas FLNG1 Reaches 95 Pct Completion
Petronas’ first floating LNG facility (PFLNG1) being constructed by South Korean Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo has reached a 95% overall construction progress and will come on stream in 2016, according to Malaysia’s Petronas. “All project updates of the PFLNG1 will be offic