South & Central Asia
MISC Reaps Fruit from LNG Fleet Additions
Malaysian shipping group MISC Berhad (MISC) has posted a net profit of RM 680.5 million (USD 160.8 million) for the third quarter of 2017, more than quadrupling last year’s equivalent of RM 134.2 million. Group revenue for the quarter came at RM 2,315.8 million, a 1.0% higher than the last year’s co
Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNG
Beijing Gas Blue Sky signed a memorandum of understanding with Beijing Gas Group and its unit Beijing Gas Company to purchase 29 percent equity interest in PetroChina Jingtang LNG.
NMDC Eyes Buying Dredging Corporation of India
National Marine Dredging Company (NMDC), the Abu Dhabi based marine contractor, plans to buy state-owned Dredging Corporation of India Ltd (DCI), The Hindu Business Line reports. The move comes after the Cabinet on Wednesday approved a proposal to privatize DCI by selling the government’s 73.47 per
Yinson taking over Layang FPSO?
Malaysia’s THHE has yet to resolve its Layang FPSO woes caused by its liquidity issues.
COSCO Shipping International Scraps Six Bulkers
COSCO Shipping International (Singapore) sent six bulk carriers to the scrapyard in the first nine months of this year reducing its fleet to four Handymax carriers. The decision was based on the expectation that based on the prevailing market conditions, any recovery in the dry bulk shipping segment
MISC LNG revenues up
Malaysian LNG shipper, MISC, reported a 16 percent increase in liquefied natural gas revenue for the third quarter of 2017, over the corresponding quarter last year.
PTTEP evacuates offshore workers ahead of storm
PTTEP has set up a 24-hour monitoring team to watch and prepare safety measures for its offshore operations in the Gulf of Thailand.
Sembcorp Marine gets rid of Jurong Autoblast Services
Sembcorp Marine said that JAS was sold to a party unrelated to the company for an aggregate cash consideration of $256,933.
TechnipFMC wins subsea equipment deal in Malaysia
TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project.
TechnipFMC Wins with Murphy Oil Off Sabah, Malaysia
TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A block H gas development project. The project is located in offshore Sabah, Malaysia, at a water depth of approximately 1,300 meters. This contract covers the engineering, procurement, construction, installation and co
New Dredge Pump Cover from Damen
Dredge pumps can be fitted out with a second outer pump casing. Up to now, this meant a large, heavy piece of steel. Pioneering research by Damen R&D engineers has resulted in a patented pump cover, which can be zipped onto the current dredge pump effortlessly. The new DynaCover is made of finely wo
First LiDAR Deployed Off India
The FOWIND Consortium has commissioned India’s first offshore LiDAR off the coast of Gujarat, in the Gulf of Khambhat, to measure the offshore wind resource. This marks India’s first systematic step towards measurement campaign, according to Balram Mehta, President of the Wind & Asset Management uni