South & Central Asia
MISC takes delivery of Seri Camar LNG carrier
Malaysian LNG shipper MISC, a unit of energy giant Petronas, has taken delivery of a new liquefied natural gas carrier the Seri Camar.
Sinopec starts up commercial ops at Tianjin LNG terminal
China’s Sinopec received the first commercial cargo at its Tianjin liquefied natural gas (LNG) delivered onboard the CESI Qingdao LNG carrier.
MOL Reveals Massive Restructuring
Mitsui O.S.K. Lines is set to launch a massive restructuring of its organization on April 1, 2018.
HHI ties Babcock to deliver reliquefaction tech for LNG newbuilds
London-headquartered engineer Babcock said it has been contracted to supply its ecoSMRT LNG reliquefaction technology to four liquefied natural gas carriers on order at Hyundai Heavy Industries in Ulsan, South Korea.
Mermaid Full-Year Earnings Plunge
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported profit of $4.2 million for the year 2017. This result is 75 percent lower compared with profit of some $17.2 million in 2016. The Singapore-listed company generated revenue of $148 million
Frontline: Inflection Point for Crude Oil Tanker Market Yet to Come
2018 is not likely to be the turning point for the crude oil tanker market amid continued VLCC deliveries.
HMM Unveils New Independent Asia-Europe Service
HMM to offer a new independent Asia-North Europe Express (AEX) service starting from April 2018.
Singapore LNG’s fourth storage tank close to completion
The fourth liquefied natural gas storage tank at the Singapore LNG facility is set to be completed in the first half of the year.
Albany wave site undergoes survey scrutiny
The past months have seen progress made on the site-specific design and development for the Albany Wave Energy Project (AWEP), the developer behind the project, Carnegie Clean Energy, informed.
Streamlining of CETO 6 wave unit well underway
Australian clean energy developer Carnegie Clean Energy has made further progress with the design of its CETO 6 wave energy technology which is now ready for wave tank testing activities at the University of Plymouth in South West England.
Vessel Impairments Push FSL Trust Deeper into Loss
First Ship Lease Trust has reported a net loss of USD 33.9 million for Q4 of 2017 and USD 73.9 million for the full year.
Uljanik Plovidba Disposes of Its Oldest Ship
Croatia’s Uljanik Plovidba has disposed of Levan, a 2006-built bulk carrier.