South & Central Asia
MARDEP: Marine Works Underway at Tuen Mun
The Hong Kong Marine Department (MARDEP) has just released the latest update on the Tuen Mun – Chek Lap Kok Link works, part of the Hong Kong International Airport land reclamation scheme. With immediate effect and for a period of approximately 24 months, marine works involving drainage outfall cons
Wello Strikes Wave Energy Deal with GEU in Indonesia
Gapura Energi Utama (GEU), an Indonesian infrastructure construction company has ordered a 10 MW Wello Penguin wave energy park from the Finnish clean energy company Wello. The park will be located next to Nusa Penida Island in Bali and it will be the largest wave energy park globally. The delivery
Sinopec starts trial run at China’s first shale gas fed LNG plant
China Petrochemical Corporation (Sinopec) started trial operation at the Fuling LNG plant in Chongqing, China’s first facility to produce the chilled fuel from shale gas.
Hyundai Heavy Unveils Rights Issue Plan to Raise USD 1.2 Bn
HHI revealed plans to raise USD 1.21 million via a share issue to improve its financial structure.
Ultra Deep Solutions Scores Charter for DSCV Lichtenstein in GoM
Ultra Deep Solutions has entered into a 3-year charter contract with an undisclosed client for its DSCV Lichtenstein. The charter also has multiple 1-year options. The Lichtenstein will finish a contract in the Middle East and head directly over to the Gulf of Mexico, South America, Caribbean area.
Marubeni, PTT tie up to study LNG bunkering in Thailand
Marubeni Corporation started a joint feasibility study with Thailand’s PTT to implement LNG bunkering operations in Laem Chabang Port, the largest industrial port in Thailand.
COSCO Shipping Inks Loan to Buy Logistics Firm
COSCO Shipping International (Singapore) signs loan facility to buy Cogent Holdings Limited.
WATCH: JFSE in Its First Taiwan Campaign
The video shows James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons, engaged in its first project in Taiwan, completed earlier this year. JFSE deployed the shallow draft Twin R2000 tool to de-bury and retrench a cable for maintenance as part of the Formosa 1 wind farm development
China to become second-biggest LNG importer in 2017
By the end of the year, China will have established itself as the world’s second-largest liquefied natural gas (LNG) importer, overtaking South Korea in the process.
Rystad: 2017 proves to be record low year for discovered resources
Intelligence group Rystad Energy concluded last week that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent has been discovered YTD, Rystad Energy reported last Thursday. “We haven’t seen anything like this since the
Drewry: Shortage of Containers Next Year Is Unlikely
A fear that there will be a shortage of containers in 2018 is unjustified, according to Drewry.
Carnegie shifts board
Australian company Carnegie Clean Energy has made further changes to its board of directors as part of the board renewal process.