South & Central Asia
South Korea approves POSCO’s cryogenic manganese steel for LNG tank use
South Korean steel-making company POSCO has been given government approval to use its cryogenic high manganese steel (HMS) for manufacturing land-based liquefied natural gas (LNG) storage tanks.
ExxonMobil Hires Singapore’s 1st LNG-Fueled Bunker Tanker
The vessel will join Sinanju’s 13-vessel bunker fleet in December 2019.
Samsung Heavy scores LNG carrier order
South Korean shipbuilder Samsung Heavy Industries said it has secured an order for a liquefied natural gas carrier.
Samsung Heavy Wins USD 186 Mn LNG Carrier Deal
Under the construction contract, the vessel is scheduled for delivery in late October 2021.
EnergyQuest: Japan remains Australian LNG top importer
Japan still remains the largest importer of Australian LNG volumes, the latest monthly report by the energy consultancy EnergyQuest shows.
Teekay takes delivery of its fourth Yamal LNG-bound carrier
Shipping major Teekay LNG has taken delivery of the fourth Arc 7 Icebreaking LNG carrier newbuild set for the Novatek-operated Yamal LNG project in Russia.
MODEC issues $1.1 billion in bonds for FPSO project in Brazil
MODEC has decided to issue project bonds to international investors to refinance an FPSO vessel chartered to the TUPI consortium led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.
Teekay: Fourth Arc 7 Icebreaking LNG Carrier Delivered
Teekay has taken delivery of Vladimir Voronin, the fourth Arc 7 icebreaking LNG carrier.
Stena Bulk Seeks Help from Govt Leaders in Freeing Seafarers
The company asked for help in freeing the Stena Impero seafarers from India, Russia, Latvia and the Philippines.
India: New Liquid Cargo Jetty to Be Built at JNPT
The new terminal would increase liquid cargo capacity at JNPT by 4.5 MTPA.
FPSO market headed for major renaissance, Rystad says
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil, according to Rystad Energy.
Kreuz Subsea CEO Quits
Singapore-based subsea service provider Kreuz Subsea said that its CEO Ashit Jain (AJ) has resigned and is leaving for personal reasons. Under AJ’s leadership of the company during the last two and the half years, Kreuz became a Shell approved diving contractor and has since expanded its commercial