South & Central Asia
L&T Hydrocarbon Engineering Grabs $229M ONGC Prize
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has signed an offshore contract for ‘Bassein Development 3 Well Platform & Pipeline Project’ with Oil & Natural Gas Corporation (ONGC). The contract is valued at approximately 1,483 crores (approximately 229 Million US
HHIC-Phil Sends 20,600 TEU CMA CGM Newbuild to Sea Trials
CMA CGM’s newest ULCV has been performing sea trials in the North Pacific.
Keppel Offshore & Marine boss joins KrisEnergy board
Chris Ong Leng Yeow, CEO of Keppel Offshore & Marine, has joined KrisEnergy as a non-executive director, effective January 5.
Moody’s: SIPG’s Shanghai Xingwaitan Acquisition Is Credit Negative
Moody’s said SIPG’s acquisition of a 50% stake in Shanghai Xingwaitan is credit negative.
2018 a Year of Transformation for Port Operators
2018 could be a defining year for global ports industry, according to the international law firm Ince & Co, which has advised port operators to expect a year of transformation. The transformation will be driven by shifting economic trends, trade flows and global demographic patterns, in tandem with
Spotted: New ULCV Joins COSCO Shipping
Hudong-Zhonghua Shipbuilding has delivered COSCO Shipping Alps to COSCO Shipping Lines.
Report: Chevron hires anchor handling trio from Vroon
Chevron Shipping, a subsidiary of oil major Chevron, has reportedly chartered three anchor handling tug and supply (AHTS) vessels from Vroon.
Report: Up to 500 Bulkers Stuck at Asian Major Coal Ports
Between 400 and 500 large dry bulk carriers are waiting to unload coal in Chinese waters.
China’s LNG prices slide as industrial users cut use
Chinese liquefied natural gas (LNG) prices have slipped from record highs as the industrial users were cut off the supply and turned to cheaper LPG and coal.
Land Reclamation for Kulhudhuffushi Airport Wrapped Up
Maldives Transport and Contracting Company (MTCC) has successfully concluded the land reclamation phase to develop an airport in Haa Dhaalu Kulhudhuffushi, local media reports. The major development project began in November 2017 with the MTCC’s new trailing suction hopper dredger (TSHD) ‘Mahaa Jarr
TMS Cardiff Gas orders XDF LNG newbuild at HHI, agrees time-charter with Total
TMS Cardiff Gas has agreed a seven-year time charter deal with Total for two XDF LNG carriers it has ordered at the South Korean shipyard Hyundai Heavy Industries.
Westports’ Full Year Volume Dwindles
Westports’ full year volumes drop by between seven and twelve percent in 2017.