South & Central Asia
OOCL Most Reliable Carrier in Q3
In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3%
Anadarko narrows loss, inks Mozambique LNG supply deal
Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, reported a net loss of $699 million for the third quarter of 2017.
Aegean Pulls Out from Physical Supply Market in Singapore
Marine fuel logistics company Aegean Marine Petroleum Network has decided to exit the Singapore market as a physical supplier as of January 2018, after almost 11 years, amid pressure from competition. However, the company said that it would keep a trading presence in the Singapore market by continui
Novatek inks Arctic LNG 2 deals with Chinese partners
Russia’s largest independent natural gas producer, Novatek signed a memorandum of understanding with China Development Bank for the implementation of Arctic LNG 2 project.
Fugro starts survey work offshore India
Fugro, a Dutch provider of offshore and onshore geotechnical and survey services, has started integrated survey work offshore India for the country’s multinational oil and gas company ONGC. The work is being done under a three-year contract valued at approximately $7.7 million. The contract, awarded
TechnipFMC, Petronas in tech collaboration
Oilfield services provider TechnipFMC together with Petronas Research Sdn Bhd (PRSB) and Petronas Technology Ventures Sdn Bhd (PTVSB), both subsidiaries of Petroliam Nasional Berhad (Petronas), signed a Tripartite Heads of Agreement recently. In a statement on Tuesday, Technip said the collaboration
Fugro Starts Offshore Survey for ONGC in India
Fugro has started integrated survey work offshore India for ONGC, under a three-year contract valued at approximately USD 7.7 million. The contract, awarded to Fugro for the third consecutive time, calls for engineering surveys in field developments off both western and eastern shores of India. The
Armed Pirates Board Tanker off Indonesia
Five pirates armed with knives boarded an oil tanker, identified as GP T2, on Monday, October 30 while it was underway in the Singapore Strait, at approximately 6.5 nm North East of Terumbu Betata, Batam Island, Indonesia. The perpetrators tied up the duty oiler in the engine room, took away some en
Sembcorp Marine sees signs of recovery in offshore drilling market
Singapore’s Sembcorp Marine returned to profit in the third quarter 2017, posting a net profit of $2.7 million, versus a net loss of $21.8 million a year ago. The offshore rig builder’s turnover was $316.9 million, down from $888 million a year ago. The lower revenue was due to lower rig building re
DNV GL O&G names regional South East Asia and Australia boss
DNV GL – Oil & Gas named Brice Le Gallo as regional manager for South East Asia & Australia, as the investment in the gas industry in the Asian oil and gas market increases.
CSET to Order 14 New Tankers
The Board of Directors of COSCO Shipping Energy Transportation (CSET) has approved an investment in 14 new tankers, the company said in a regulatory filing. As informed, Dalian Shipbuilding will be in charge of constructing four new ships of 32,000 dwt and three crude oil tankers of 160,000 dwt. CSS
Largest Japan-Built Boxship Named MOL Truth
The container shipping market will soon receive new capacity as the first Japanese-built 20,170 TEU, named MOL Truth, is set to join the fleet. The 400-meter-long ultra large container vessel (ULCV) was christened on October 25 at Imabari Shipbuilding’s Saijo yard in Japan. It is the first of two ve