South & Central Asia
MHB in EPCC deal for Petronas’ wellhead platform
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has secured contracts worth RM 527 million ($122.5M) including a contract with Petronas. The contracts were secured through MHB’s wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE). The first contract entails the
SapuraKencana posts drop in 3Q profit. Revenue rises
Malaysia’s SapuraKencana posted a rise in its revenue for third quarter 2015 of RM 2.9 billion ($674 million), up from RM 2.4 billion ($557.7 million) a year ago. The company’s net profit was around RM 130 million ($30.2 million), down from 348 million a year ago ($80.86 million). Shahril Shamsuddin
Sinotrans, Dynagas and CLNG agree Yamal LNG deal
One of China’s largest shipping companies, Sinotrans said it signed deals on Monday with Dynagas and CLNG for the construction of five LNG carriers for Russia’s Yamal project.
VIDEO: Royal IHC Splashes TSHD JUN YANG 1
The naming and launch ceremony of the trailing suction hopper dredger (TSHD) JUN YANG 1 took place on Saturday, 19 December 2015, at Royal IHC’s shipyard in Kinderdijk, the Netherlands. The dredger is being built for CCCC Guangzhou Dredging Co., Ltd (GDC), and the ceremony was performed by Ms. Li We
SapuraKencana Takes Profit Hit
Malaysia’s SapuraKencana Petroleum has seen its profits slashed almost 63 per cent in the third quarter ended October 31, 2015, mostly on high impairments, despite a revenue growth of close to 20 per cent. In the third quarter, the company generated revenue of approximately $671.2 million, or 2.89 b
MAN duel-fuel engines ordered for Heerema’s NCSV
MAN Diesel & Turbo recently signed a deal to provide dual-fuel propulsion system for a new DP3 semi-submersible crane vessel (NSCV) built by Sembcorp Marine in Singapore for Heerema Offshore Services.
India: Cochin Shipyard fit to build LNG carriers
India’s Cochin Shipyard has completed all requirements to be licenced by France’s GTT to build LNG carriers with the Mark III membrane containment system, according to India’s ministry of shipping.
KSS Line Lays Keel for VLGC, Orders One More at HHI
South Korean shipbuilder Hyundai Heavy Industries has signed a contract for the construction of another LPG carrier with its compatriot chemical shipping company KSS Line. The order for the 84,000 cbm carrier, signed today, has secured the company an orderbook of total of thirteen carriers to be con
Cowi to Design India’s First Offshore Wind Farm
Danish consultancy Cowi has won a contract to design India’s first offshore wind farm and to head capacity building within the Indian authorities, including preparation of an offshore wind policy. The wind farm is to be located off the coast of Gujarat in northwestern India. The size of the demonst
CMES Inks Deal for Further Six VLCCs
Chinese state-owned shipping operator China Merchants Energy Shipping (CMES) has signed building contracts for further six of its planned ten very large crude carriers (VLCC). The vessels, which will feature 308,000 dwt, will be built by Dalian Shipbuilding Industry Group, a joint venture shipyard c
Dozens Missing, Three Dead after Ferry Sinks off Indonesia
Over 70 people are missing and three have been confirmed dead after a passenger vessel Marina Baru capsized on December 19 off southern Sulawesi, Indonesia, due to rough weather, according to local media. At the time of the incident the vessel was reportedly carrying some 125 passengers and crew mem
Busan Port on Track to Reach Its 19.5 Million TEU Goal
The South Korean Busan Port Authority has handled a total of 16.2 million containers in the ten-month period from January to October of 2015, setting a clear path toward the port’s goal of 19.5 million TEU for this year. According to the authority, this represents an increase in container volumes of