South & Central Asia
Colombo Land Reclamation Done, Preparations Underway for Second Stage
Sri Lanka’s CHEC Port City Colombo marked another significant milestone last week with the completion of land reclamation operations. At a ceremony held on January 16, Xin Hai Long, the last of the four state-of-the-art dredgers used for the sand mining operation left the project site. The 269 hecta
Vietnam Welcomes Its Largest Boxship to Date
Earlier this month, CMIT welcomed the largest container vessel to ever call a Vietnamese port.
Report: Oil industry to hike investment, grow workforce in 2019
Oil and gas companies are expected to increase spending, grow workforce, and focus more on digitalization and decarbonization in 2019, according to a report by DNV GL.
Abducted Sri Dewi 1 Crew Members Rescued
The Philippine authorities have rescued the two abducted fisherman of Sri Dewi 1.
India’s Dec LNG imports climb
India’s imports of liquefied natural gas (LNG) rose in December, logging the first monthly increase following a decrease for two straight months. India imported 2.17 billion cubic meters of LNG or about 1.55 million tonnes last month, a rise of 4.7 percent year-on-year, according to the data from oi
1st Gate for the World’s Largest Sea Lock Arrives in IJmuiden
The first lock gate intended for the giant IJmuiden sea lock has arrived to its final destination.
Mitsubishi shows interest in Novatek’s Arctic LNG 2 project
Japan’s Mitsubishi Corporation voiced its interest in the Arctic LNG 2 project, Russia’s largest independent natural gas producer Novatek is developing at a projected cost of $25.5 billion.
OOCL: No Plan to Order New Ships at the Moment
Orient Overseas Container Line Limited doesn’t plan to order any new ships at this moment.
CMES Poised to Reap Fruits from Profit Surge
China Merchants Energy Shipping expects its net profit for 2018 to increase by up to 104 percent year-on-year.
CNOOC sells stashed LNG cargo as demand eases
The diminishing natural gas demand over the course of the current winter has forced China National Offshore Oil Corp (CNOOC) to sell a cargo of liquefied natural gas on standby offshore South Korea.
Brightoil Faced with USD 250 Mn of Creditor Claims
Brightoil Petroleum (Holdings) Limited has accumulated around USD 250 million of total creditor claims.
GAIL selling three Sabine Pass LNG cargoes
State-run gas company GAIL (India) has reportedly floated a tender selling three liquefied natural gas cargoes from Cheniere’s Sabine Pass facility in Louisiana.