South & Central Asia
Baltic Exchange, Freightos Unveil Container Freight Index
Baltic Exchange, Freightos unveiled an independent, audited benchmark for the global container shipping industry.
McDermott Finalizes Installation and Startup of Two ONGC Fields
McDermott International has completed the installation and startup of the Vashishta and S1 gas fields, under an engineering, procurement, construction and installation (EPCI) contract awarded by ONGC. McDermott together with consortium partner LTHE, a wholly owned subsidiary of Larsen & Toubro, was
Royal IHC hands over new crane vessel to Scaldis
Royal IHC, a Dutch supplier of equipment, vessels, and services, has handed over the fully self-propelled crane vessel Gulliver to Scaldis.
McDermott wraps up offshore installation and startup job for ONGC
McDermott has concluded the installation and startup on the Vashishta and S1 field offshore India.
Sembcorp Marine profit plunges
Singapore’s offshore rig builder Sembcorp Marine saw its quarterly profit dive on absence of one-off gain and lower contributions from offshore platforms section despite increase in revenues. The company on Wednesday posted revenues of $1.18 billion for the three months to March 31, 2018. This compa
More Information Exchange Needed to Cut CO2 Emissions
Stasinakis: More information exchange is needed to meet IMO’s CO2 emission reduction targets.
KOTC Orders Four Product Tankers from Hyundai Mipo
KOTC has returned to Korean shipbuilder Hyundai with an order for four product tankers.
Phinma working on LNG-to-power project in Central Philippines
Phinma Petroleum and Geothermal (PPG), a unit of the Philippine power generator Phinma Energy formerly known as Trans-Asia Oil and Energy Development Corporation, is developing an LNG-to-power project in Cebu.
Record VLCC Scrapping Insufficient to Ease Market Pressure
The rebalancing of the tanker market requires further affirmative action in reducing older tonnage.
Tuas Terminal Phase 2 Reclamation Project Awarded
The Maritime and Port Authority of Singapore (MPA), at today’s Maritime Technology Conference (SMTC), awarded a contract worth approximately $1.1 billion for the Tuas Terminal Phase 2 land reclamation project. According to the MPA, the contract was awarded to the consortium of Penta Ocean (Japan), H
USD 1.1 Bn Deal for Tuas Terminal II Inked in Singapore
The USD 1.1 bn agreement for the second stage of development of the Tuas Terminal signed in Singapore.
Keppel O&M names LNG-fueled tug for Keppel Smith Towage
Keppel Offshore & Marine’s unit, Keppel Singmarine, is on track to deliver South East Asia’s first dual-fuel LNG tug to Keppel Smit Towage following the naming of the vessel.