South & Central Asia
NGO: Gadani Shipbreaking Yard Hit by Fire
Pakistan’s Gadani shipbreaking yard has been hit with another fire, according to NGO Shipbreaking Platform. Another accident in Pakistan. Big fire ongoing at Gadani #shipbreaking yards. pic.twitter.com/f9fyD4cAJY — ShipbreakingPlatform (@NGOShipbreaking) November 8, 2017 Local media indicated that t
DSME Wraps Up Quarter in Profit
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted in the same period a year earlier. As explained, the restructuring measures, including
ICTSI’s Net Income Edges Up
Philippine terminal operator International Container Terminal Services (ICTSI) saw a 5 percent rise in net income reported for the first nine months of the year. Net income attributable to equity holders stood at USD 149.3 million, against USD 141.9 million earned in the same period last year. The i
Bureau Veritas to class CMA CGM LNG-fueled newbuilds
Classification society Bureau Veritas has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU LNG-fueled containerships.
Container Shipping Facing Choppy Waters
The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships. According to BIMCO, handling this will be a recurring seasonal challenge. “Bearing in mind that freight rates
Honeywell’s gas scrubber deployed on PFLNG Satu
Honeywell said its Amine Guard technology has been removing carbon dioxide from natural gas onboard Petronas’ floating LNG facility, PFLNG Satu that was commissioned in April.
RCL Orders Boxship Pair in China
Thailand-based shipping company Regional Container Lines (RCL) has ordered two 1,668 TEU container vessels at Jiangsu New Yangzi Shipbuilding in China, the company said in a stock filing. The 20,000 dwt vessels will service regional container transport and are scheduled for delivery in April and Jul
Ichthys LNG on schedule for March 2018 kick off
Japan’s Inpex remains on track to start production at its Ichthys liquefied natural gas (LNG) project in Australia at the end of March next year.
GTT to design fuel tanks for CMA CGM’s LNG containerships
French LNG containment systems specialist, GTT, has been chosen by Hudong-Zhonghua Shipbuilding and the shipowner CMA CGM to design cryogenic tanks for nine LNG-fueled containerships.
WorleyParsons in R-Series Win
WorleyParsons has been awarded a contract by Reliance Industries for project management consultancy (PMC) services for development of the R-Series gas field (D34) in the Krishna Godavari basin off the East coast of India. The field is located in water depths between 1800 and 2150 metres approximatel
WorleyParsons wins management consultancy work with Reliance
WorleyParsons has been awarded a project management consultancy services contract on the R-Cluster field off India by Reliance Industries.
Asia Pacific leads in October offshore rig numbers
Baker Hughes’ international rig count for October 2017 was 951, up 20 from the 931 counted in September 2017, and up 31 from the 920 counted in October 2016. The international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted [&h