South & Central Asia
Brokers: SWS Inks USD 294 Mn Worth LoI for Five Bulkers
Shanghai Waigaoqiao Shipbuilding linked to LoI for the construction of up to five bulkers.
Asian spot LNG prices steady
Asian spot prices for liquefied natural gas (LNG) reportedly remained firm over the past week, supported by strong oil and coal markets. Asian LNG prices for delivery in June LNG-AS were at $8.1 per million British thermal units (mmBtu), up 15 cents from last week’s value and more than 15 percent ab
Bureau Veritas approves Modec’s new FSRWP vessel concept
Bureau Veritas has awarded approval in principle for a new vessel concept design.
Malaysia Marine and Heavy Engineering Q1 loss deepens
LNG carrier repair specialist Malaysia Marine and Heavy Engineering’s (MHB) pre-tax loss deepened in the first quarter of 2018, despite early signs of pick up in upstream and offshore activities.
Hyundai a Long Way from 2018 Ordebook Target as It Posts Q1 Loss
Hyundai Heavy Industries Co. swung to a net loss in Q1 2018 amid decreased work volume across all segments.
Bombora lines up mWave membrane supplier
European subsidiary of Australian company Bombora Wave Power has awarded a contract to hovercraft manufacturer Griffon Hoverwork for the supply of a membrane for the mWave device.
SeaIntel: Shortage of Feeders by End of 2020
Seaintel: The global fleet will see a shortage of 400-1,200 feeder vessels by the end of 2020.
LOC Renewables and CR Classification Society Team Up in Taiwan
LOC Renewables has reached an agreement to partner with the Taiwanese certification body, CR Classification Society, to offer marine warranty surveying (MWS) services for Taiwanese offshore wind projects.
Thoresen Thai Adds Another Supramax Bulker
Thailand’s Thoresen Thai Agencies (TTA) expanded its fleet with a second-hand dry bulk vessel, MV Thor Chaiyo.
Bureau Veritas approves MODEC’s new vessel concept
Bureau Veritas awarded the approval in principle (AiP) to the Japanese provider of offshore floating solutions, Modec, for its new floating storage, regasification, water-desalination and power generation (FSRWP) concept.
OOCL Posts Higher Volumes, Revenues in 1Q
OOCL witnessed an increase in revenues, coupled with a surge in volumes, during the first quarter of 2018.
Yinson orders turret mooring for Layang FPSO
London Marine Consultants has reportedly secured a contract to deliver a turret mooring for the FPSO Helang.