South & Central Asia
Ezion scrambles for working capital. Posts 1Q loss
Cash-strapped liftboat specialist Ezion Holdings reported a net loss for the first quarter of $12.8 million on the back of lower revenue. The company’s revenue for the quarter was $28 million, down from $37 million in the corresponding quarter a year ago.
Yang Ming Forms Subsidiary in Indonesia
The new company will operate from three branch offices.
Jan De Nul’s TSHD Sanderus Hits the Water
Jan De Nul Group launched their 6.000m³ trailing suction hopper dredger (TSHD) Sanderus in Singapore last week. This green vessel – Jan De Nul’s fourth Ultra-Low Emission – is the first of two identical medium-sized hopper dredgers under construction at Keppel O&M’s shipyard in Singapore, fitted wit
Japan’s spot LNG price slides in April
The price of spot liquefied natural gas contracted in Japan has continued its slide with prices declining again in April.
Epic Gas Names New Chairman, Cuts Loss
Epic Gas has appointed a new Chairman as it narrowed its loss in the first quarter of the year.
North Korea Demands Return of Cargo Ship Seized by US
North Korea demanded the immediate return of the bulker seized by the US earlier in May 2019.
Empyrean discovers ‘gas clouds’ over prospects offshore China
China-focused oil and gas development company Empyrean has said that it has identified ‘gas clouds’ over two offshore prospects in the South China Sea, an indication of a presence large oil field.
Update: Two Dead, Several Injured after Explosion at Chittagong Shipbreaking Yard
Two workers died and several others sustained injuries.
ICTSI Ecuador: Contecon Guayaquil Dredging Already Pays Off
Contecon Guayaquil, the Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI), set a new operational benchmark after servicing the largest ship to dock in Ecuador – the 10,010-TEU neo-Panamax CMA CGM Cochin. According to the ICTSI’s latest announcement, “the vessel’s arriv
Mitsubishi christens Freeport LNG dedicated tanker
Mitsubishi Shipbuilding christened the liquefied natural gas carrier under construction for a joint venture of JERA and Nippon Yusen Kabushiki Kaisha (NYK Line).
AVIC International Leasing Behind Navios Tanker Quintet Financing
AVIC International Leasing revealed as the financier for five Navios Maritime Acquisition product tankers.
Mitsubishi Shipbuilding Christens New LNG Carrier for JERA
Mitsubishi Shipbuilding names JERA’s second Sayaringo STaGE LNG carrier for Freeport LNG Project.