South & Central Asia
Daitoh Trading Tied to Orders for Five Tankers
Japan’s Daitoh Trading linked to orders for five chemical/product tankers with compatriot builders.
Woodmac: Oil firms need to start spending $600B a year to meet demand
Oil and gas companies need to start spending more – around $600 billion a year – to satisfy future demand growth.
HMM to Sell USD 883 Mn of Bonds to KDB
Hyundai Merchant Marine to sell KRW 1 trillion of bonds to state-owned Korea Development Bank.
WoodMac: Asia-Pacific Offshore Wind Capacity to Rise 20-Fold by 2027
Asia-Pacific’s offshore wind capacity will rise 20-fold to 43GW in 2027 according to new research from global natural resources consultancy Wood Mackenzie.
Exciting Third Quarter of 2018 for UniSite
UniSite Group, a Ningbo based company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took part in some interesting events all over the world in the third quarter of 2018. The Projects and Products Maintenance of the world fam
CWind Taiwan Completes Yunlin Survey
CWind Taiwan has completed its first project – a bathymetric survey at wpd’s Yunlin offshore wind project in Taiwan.
HMM Introducing Fuel Surcharge as of January 2019
Hyundai Merchant Marine to add fuel adjustment surcharge ahead of the 2020 sulphur cap.
Eleven Missing after Cargo Ship Sinks off China
Eleven seafarers are missing after a cargo ship sunk off China’s Liaoning Province.
IEA: More LNG Carrier Orders Needed to Keep Market Balance
Lack of timely investment in the LNG carrier fleet could pose a threat to market development and security of supply.
Hyundai Heavy to Build VLGC Duo for Latsco
Hyundai Heavy Industries received an order for two VLGCs from Greece-based Consolidated Marine Management.
IMO MEPC 73 Approves Follow-Up Actions for GHG Strategy
IMO’s MEPC 73 approved the follow-up program for GHG reduction strategy.
Seal of approval for Hyundai’s FPSO topside design
ABS has granted an approval in principle to Hyundai Heavy Industries’ standardized design for an FPSO unit.