South & Central Asia
Mermaid Slips to Loss
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $27.3 million for the twelve-month period ended December 31, 2018. This result compares with profit of some $4.2 million for the twelve months period in 2017. The Singapore-lis
Fincantieri Delivers Costa’s 1st Ship Designed for China
Costa Cruises took delivery of Costa Venezia, its first ship designed specifically for the Chinese market.
ZPMC Invests in COSCO to Enhance Business with Terminal Companies
ZPMC acquiring USD 62.8 million worth of COSCO shares.
Mubadala enters its first gas project in Thailand
Mubadala Petroleum has signed a Production Sharing Contract together with its Thai partner PTTEP for offshore Block G1/61 containing the Erawan producing gas field in Thailand.
MOL takes delivery of LNG-fueled tugboat Ishin
Mitsui O.S.K. Lines (MOL) took delivery for the LNG-fueled tugboat the company ordered from Kanagawa Dockyard.
Grindrod, Vitol Go Separate Ways with Tanker JV
Grindrod Shipping and Vitol started the wind up of their joint venture Leopard Tankers.
Vitol to explore LNG opportunities with KOMIPO
Korea Midland Power (KOMIPO) and Vitol Asia have signed a memorandum of understanding (MOU) on cooperation in various sectors including liquefied natural gas.
Ulstein Secures Contract for Fourth SunStone Expedition Ship
Ulstein to design the 4th expedition cruise vessel for SunStone Ships.
Keppel acquires stake in Golar’s second FLNG conversion
Singapore’s Keppel Corporation, through its First FLNG Holdings unit, has agreed to acquire 30 percent interest in Golar LNG’s entity owning the Gimi floating liquefied natural gas vessel.
DEME’s LNG-fueled dredger heads out to sea trials
Belgian dredging specialist DEME on Tuesday said its LNG-fueled trailing suction hopper dredger Bonny River has kicked off sea trials in the South China Sea.
DEME Group: TSHD Bonny River Kicks Off Sea Trials
DEME, an international group of specialized companies involved in complex marine engineering works, said in the latest release that sea trails of their newbuild 15,000m³ trailing suction hopper dredger (TSHD) Bonny River has officially started near Dawanshan Island in the South China Sea. “The techn
PTTEP to invest almost $32 billion in Erawan, Bongkot fields
Thailand’s PTTEP has officially signed production sharing contracts for the Erawan and the Bongkot fields in the Gulf of Thailand, after beating Chevron for the operatorship of the fields last month.