South & Central Asia
GMS: Pakistani Scrapyards Starving for Tonnage
Shortage of bulkers intended for scrapping is expected to starve an overheated Pakistani market for tonnage.
Qatari delegation heads to China for energy cooperation talks
Qatar and China are engaging in negotiations regarding cooperation in the energy field as a Qatari delegation left for China.
Value of 15-Year-Old Handysize Bulkers to Rise by 33 Pct in 2019
Three second-hand vessel types are expected to see a considerable increase in value over the coming year.
Kreuz Subsea Lands Historic Deal with L&T
Kreuz Subsea said it has been awarded its most financially significant contract in the company’s history. It will see the firm mobilise five vessels to deliver subsea completion works for Larsen & Toubro (L&T) from the start of 2018. The contract, which is worth an undisclosed eight-figure sum, will
Kreuz Subsea to support L&T in subsea completion ops off India
Kreuz Subsea has been awarded a contract which will see the company mobilize five vessels to deliver subsea completion works for Larsen & Toubro (L&T) from the start of 2018.
ABS Grants AIP for Hyundai Heavy’s FPSO Hull Design
Hyundai Heavy has received an Approval in Principle (AIP) for its FPSO hull design from ABS.
Reservoir Link Bags Petronas Award
Reservoir Link has received a conditional letter of award (LOA) from Petronas, for the provision of annulus wash and cementing assurance (AWCA) services. The scope of work includes circulation tunnel creation, wash technology and multi-annulus cement placement for approximately 74 wells offshore Mal
Edo State, CHEC Ink Gelegele Seaport MoU
The Governor of Edo State, Mr Godwin Obaseki, has signed a Memorandum of Understanding (MoU) with China Harbor Engineering Company Limited (CHEC) for the development of the Gelegele Seaport and other transport infrastructure in the state. The Gelegele project will include the development of the seap
Flex LNG takes delivery of its first newbuilding
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its first LNG carrier newbuilding, the Flex Endeavour.
STX Heavy Industries Eyes Capital Increase
STX Heavy Industries has decided to launch a new capital increase scheme.
MODEC Finds Partners for Brazil’s FPSO Charter Project
MODEC inks deals with four compatriots to partner up on the FPSO charter project for the Sepia Area off Brazil.
Reservoir Link wins Petronas prize
Reservoir Link has received a conditional letter of award from Petronas Carigali for the provision of annulus wash and cementing assurance (AWCA) services.