South & Central Asia
Russia’s Rosneft enters oil supply deal with Chinese firm
Russia’s largest oil producer Rosneft has entered into a five-year crude oil supply deal with CEFC China Energy Company Limited.
Singapore reclaiming the throne in offshore shipbuilding
November 20, 2017 – Singaporean shipyards have held an influential position in the offshore shipbuilding world for years. Now they’re upping their game even more.
Wärtsilä tech ordered for Viking Line’s new LNG ferry
Finish technology group, Wärtsilä has been contracted to supply engines and equipment for Viking Line’s LNG-fueled ferry being built by at the Xiamen Shipbuilding Industry yard in China.
Wärtsilä to Power Viking Line’s New LNG-Fuelled Ferry
Finnish technology group Wärtsilä has been hired to supply engines, navigation system, and a broad scope of other products and systems for Viking Line’s new environmentally friendly ferry. The ship, which is being built at the Xiamen Shipbuilding Industry yard in China, will be powered by six Wärtsi
Pakistan inaugurates new LNG import terminal
Pakistan GasPort’s floating storage and regasification unit (FSRU) based LNG import terminal at Port Qasim in Pakistan has been inaugurated on Monday.
IRClass Opens Maritime, Shipbuilding Centre of Excellence
Indian Register of Shipping has launched a centre of excellence in shipbuilding and maritime sector to support commercial ship design for seagoing, coastal and inland waterways operation in India. Established in association with India’s Ministry of Shipping and Siemens, the Centre of Excellence in M
China’s LNG imports soar, handling capacity expands
Chinese government’s decision to switch the northeast regions of Tianjin and Hebei from coal to gas has seen the country’s LNG imports rise 42 percent in the first nine months of the year.
Drewry: Crude Tanker Rates to Further Drop in 2018
Following a sharp decline in crude tanker freight rates seen during 2017, the rates are set to further drop in 2018 amid an expected slowdown in China’s crude stocking activity, shipping consultancy Drewry said. Although tonnage supply growth in the crude tanker market is expected to come down to 3.
Bombora expands to Europe with plans to deploy off Wales
Australian wave energy developer Bombora Wave Power has unveiled plans to expand its operations in Europe with new headquarters to be based in Wales, United Kingdom.
Mubadala ditches Thai well
Mubadala Petroleum has abandoned an exploration well located in the G1/48 concession in the Gulf of Thailand.
Singapore Charges Bunker Supplier, Staff with Cheating
Singapore’s bunkering company, and three of its executives, have been charged with cheating and criminal breach as part of the country’s strict measures on deliveries of bunkering fuel. The company, Vermont Bunkering, its directors Poh Fu Tek and Koh Seng Lee, and the former bunker manager Lee Kok L
Moody’s: China’s Tariff Reduction Is Credit Negative for SIPG
China’s announced cut in the handling tariff for import and export containers is credit negative for Shanghai International Port (Group) (SIPG), Moody’s rating agency said. However, the cuts, unveiled by China’s National Development and Reform Commission (NDRC) earlier in November, will not immediat