South Korean shipbuilder Samsung Heavy Industries (SHI) has secured an order for the construction of four very large crude carriers (VLCCs).
PTTEP has confirmed the start-up of gas production from the Rotan and Buluh fields off Malaysia, which will increase the domestic LNG production capacity
The Liberian Registry, the world’s second-largest ship registry, has decided to expand its presence in South Korea with the opening of its Busan branch office.
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.
Seaspan Corporation, a Hong Kong-based owner and operator of containerships and a subsidiary of Atlas Corp, has ordered ten 15,000 TEU LNG dual-fuel containerships from South Korean shipbuilder Samsung Heavy Industries (SHI).
Indonesia-based PaxOcean’s PT Graha Trisaka Industri shipyard signed a contract with Taiwan Navigation for the construction of five tugboats.
Palfinger has secured a contract with Yinson to provide cranes, lifeboats, a rescue boat, and davits for an FPSO bound for Brazil.
Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.
Northland Power is planning to submit applications for two new proposed development sites in the upcoming Round 3 offshore wind auction in Taiwan. Referred to as NorthWind and CanWind, the proposed sites can accommodate a total capacity of up to 1,800 MW and are located off the coasts of Taichung co
Danish wind turbine manufacturer Vestas has introduced the V236-15.0 MW offshore wind turbine. With the world’s largest swept area exceeding 43,000 m2, the V236-15.0 MW delivers industry-leading performance and moves the boundaries of wind energy production to around 80 GWh/year, enough to power aro
Despite the negative effects of COVID-19, South Korea’s national flagship carrier HMM closed 2020 with a significant earnings boost. The shipping company reported an operating profit of $831.1 million in 2020, against a loss of $254 million in 2019. The result recorded in 2020 represents HMM’s highe
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
