South & Central Asia
Solstad Farstad sheds another anchor handler
Solstad Farstad has sold one of its anchor handling tug and supply (AHTS) vessels.
Samsung Heavy confirms Egina FPSO sailaway
As previously reported by Offshore Energy Today and now confirmed by the builder, the giant FPSO left the shipyard on Tuesday, October 31.
MOL, China COSCO Shipping tie up for Yamal LNG carriers
Mitsui O.S.K. Lines, together with China COSCO Shipping agreed to split ownership of four LNG carriers serving the Novatek-operated Yamal LNG project.
IADC: Optimizing Shipping Channel Capacity for Australian Ports
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named ‘An Improved Integrated Approach for Optimizing Shipping Channel Capacity for Australian Ports’. The continuing surge in commercial vessel sizes is putting increasing pressure on the
Egina FPSO Sets Sail from SHI Shipyard to Nigeria
South Korean shipbuilder Samsung Heavy Industries (SHI) waved goodbye to Egina floating production storage and offloading (FPSO), which departed on a journey to Nigeria on October 31. Featuring a length of 330 meters, a width of 61 meters, the unit has 2.3 million barrels of storage capacity with to
BIMCO: 45 More VLCCs Needed to Back China’s Crude Oil Demand Growth
Chinese crude oil demand needs 45 additional very large crude carriers (VLCCs) to support growth in imports of seaborne crude oil, according to BIMCO’s estimates. China has ramped up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As C
Osaka Gas ups LNG resale volumes
Japan’s utility Osaka Gas plans to increase the resale of liquefied natural gas (LNG) to 3 million tons per year by 2020.
McDermott bags deals in India and Middle East
U.S. engineering and construction company McDermott has received two letters of award for “significant” contracts for offshore projects in India and the Middle East. The first awarded deal was from Reliance Industries for the KG-D6 subsea field development off the coast of India. McDermott said on W
McDermott Clinches KG-D6 Subsea Contract
McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east coast of India. McDermott will provide engineering, procurement, installation and pre-commissioning of subsea flowlines, vent lin
Platts: Restrictions Leave Over 100 Coal-Laden Ships Idle off China
Over 100 ships loaded with coal were stationary off the southern and eastern coasts of China as at October 31, up sharply from around 36 in mid-September, Platts’ C-flow vessel tracking software showed. The stationary coal ships include ten that are lying idle in the Zhoushan anchorage, three in the
Brokers: Nisshin Splashing Over USD 600 Mn on Newbuilds
Japanese shipping company Nisshin Shipping has been tied to an order for up to 25 new ships at Chinese and Japanese shipbuilders as the company pushes forward with its ambitious fleet modernization plan. The order, estimated to be worth around USD 666 million, includes four small chemical tankers, s
ADB, Government of India Sign $65.5M Karnataka Loan Agreement
The Asian Development Bank (ADB) and the Government of India have signed a $65.5 million loan agreement at Bengaluru to continue interventions and to check coastal erosion on the western coast in Karnataka. The loan is the second tranche of a $250 million financing facility under the Sustainable Coa