South & Central Asia
NYK Line issues bonds to fund LNG vessel projects
Nippon Yusen Kaisha (NYK Line) has set up a plan to issue unsecured corporate bonds in May in order to fund LNG-fueled and LNG bunkering vessels.
Two injured, one missing after drilling vessel catches fire off Malaysia
An offshore drilling vessel caught fire while operating in the South China Sea offshore Miri, Malaysia, early Tuesday morning.
MSC’s Newbuildings Break 23,000 TEU Threshold
The giant containerships ordered by MSC at Korean yards last year will feature 23,000 TEU.
Pacific International Lines Delivered Profit in 2017
PIL returned to profitability in 2017 amid significant improvement in shipping market conditions.
Video: Here Is the World’s Largest LEGO Ship
A large-scale replica of World Dream cruise ship made out of LEGOs breaks Guinness World record.
MTCC Wraps Up Komandoo Land Reclamation Works
Maldives Transport and Contracting Company (MTCC) completed land reclamation works in Shaviyani Atoll Komandoo earlier this week, local media reports. Following the project completion, the island of Komandoo – which had previously been seven hectares in size – has now been expanded to approximately
Methanol Is Ready for Use as Marine Fuel
Methanol is ready to go as a marine fuel now, and could be playing a much bigger role post-2020.
Ocean energy sector to grow at CAGR of 10.5% by 2022, report says
Global ocean energy sector is expected to grow at a compound annual growth rate (CAGR) of 10.5% during the period between 2018 and 2022, according to Technavio’s report Global Ocean Power Market 2018-2022.
Cove Point LNG ships first commercial cargo, Japan set for May delivery
First commercial cargo from the Dominion Energy Cove Point LNG project in Lusby, Maryland, left the facility on Monday onboard the Adam LNG carrier.
Transborders ties with Asian LNG buyer on FLNG study
Perth-based Transborders Energy signed a deal with an unnamed Asian LNG buyer to work together on the development of Transborders’ generic floating LNG (FLNG) solution.
Indian Oil Corporation books regas capacity at Dhamra LNG terminal
Indian Oil Corporation executed a tolling agreement with Dhamra LNG Terminal, an Adani company, for regasification capacity at the LNG terminal being built at Dhamra port in Odisha.
Report: HHI Targets USD 65 Bn in Revenues by 2022
Hyundai Heavy Industries has set a target of KRW 70 trillion in revenues by 2022, according to The Korea Times.