South & Central Asia
VesselsValue: Newbuild Orders See Record Decline
Global ship newbuilding orders dropped to record lows in the second quarter of 2019, VesselsValue said.
Tuas Next-Generation Port Phase 2 Kicks Off
Phase two of the Tuas Next-Generation Port project was officially inaugurated today with the installation of the first caisson for the new terminal. The Maritime and Port Authority of Singapore (MPA) will develop Tuas Next-Generation Port in four phases. MPA awarded the Tuas Terminal Phase 2 project
VesselsValue: LNG carrier orders slip in H1 2019
The number of liquefied natural gas (LNG) carrier orders slipped by 39 percent during the first half of 2019, compared to the same period last year, data from VesselsValue shows.
Tianjin Container Terminals Merge
COSCO Shipping Ports signs a merger agreement with Tianjin Port Holdings and CM Terminals regarding the trio’s respective subsidiaries.
ZIM Expands Partnership with Maersk, MSC
ZIM further expands its strategic cooperation with the members of the 2M Alliance – Maersk and MSC.
Worldwide offshore rig count in June up by 56 rigs year-over-year
The worldwide offshore rig count in June 2019 rose by 9 units sequentially and rpse by 56 units year-over-year, according to monthly rig count reports by Baker Hughes, a GE company.
JXTG, Petrolimex join forces on Vitenamese LNG business study
JXTG Nippon Oil and Energy Corporation (JXTG) inked a memorandum of understanding (MOU) with Vietnam National Petroleum Group (Petrolimex) to look into the development of LNG business in Vietnam.
Bassoe: The offshore rig market should love China’s energy independence policy
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market.
Global Energy Ventures Selects CIMC Raffles to Build CNG Ships
Global Energy Ventures signs a letter of intent (LOI) with CIMC Raffles for the construction of CNG Optimum 200 ships.
OPEC+ extends oil output cuts till March 2020
Following OPEC’s decision on Monday to extend the voluntary oil production cuts in order to keep oil prices stable, the Russia-led block of non-OPEC nations has agreed to the same on Tuesday.
Police raids Singapore rig builder’s Brazil office in bribery probe
The search warrant the Brazilian authorities execute was related to the “Operacao Lava Jato”
B. Fulhadhoo Harbor Deal Includes Dredging
The Maldives Transport and Contracting Company (MTCC) has won a contract to build a harbor in B. Fulhadhoo area, one of inhabited islands of Southern Maalhosmadulhu Atoll in the Maldives. The harbor construction deal was signed on July 2 by Director General of Planning Ministry, Fathimath Shana Faro