South & Central Asia
Boxship Catches Fire off Singapore
A 9,092 TEU containership caught fire on August 23, while it was en route to Singapore.
CH Offshore chief executive resigns to pursue other interests
CEO and executive director of Singapore’s offshore vessel operator CH Offshore has decided to resign from his position.
Sofec to deliver turret system for CNOOC’s Lufeng FSO
Sofec has been awarded the Lufeng permanent reinstatement project provision of turret system by CNOOC.
Clarksons: A Quarter of Ships on Order to Be Fitted with Scrubbers
Clarksons: 2018 has seen enthusiasm for scrubbers grow ahead of 2020 sulphur cap implementation.
BW LPG to Retrofit 4 Ships to LPG-Propelled Dual-Fuel Engines
BW LPG signs contracts for the delivery and retrofitting of four LPG-propelled dual-fuel engines in its fleet.
Chinese duo forms LNG fueling pact
China Gas Holdings signed an agreement with CNOOC Gas and Power Group for strategic cooperation on the development of the entire industrial chain of natural gas.
MOL to Promote Use of ICT-Based Trends in Advanced Digitalization
MOL inks a technology consulting agreement with the creator of the AI advanced machine learning.
Grindrod Shipping in Fleet Buildup Mode Post Spin-Off
Grindrod Shipping Holdings is taking advantage of historically low asset prices to strengthen its fleet.
Petronas’s profit jumps despite lower LNG sales volumes
Malaysian energy giant Petronas reported a 54 percent jump in profit for the first six months of the year.
Perdana, Nam Cheong settle vessel dispute
Nam Cheong and Malaysia’s Perdana Petroleum have reached a settlement in a dispute arising from the termination of an agreement related to an acquisition of a workbarge.
Interview: Asset value aside, banks interested in rigs’ money making potential
Many investors not only want to know the fair market value of an asset, but they also take into account projected future cash flows
European Commission approves JERA, EDF LNG trading JV
The integration of the liquefied natural gas trading and optimization businesses of Japan’s JERA and France’s EDF Trading has received the green light from the European Commission.