South & Central Asia
Wison, GTT Team Up on LNG Projects
Wison Offshore & Marine has signed a strategic cooperation agreement with GTT regarding various LNG projects. The project scope includes LNG carriers, LNG Floating Storage Regasification Units (FSRU), Floating LNG (FLNG) units and FLNG units with GTT membrane tanks. “We will be able to offer togethe
UNCTAD: Consolidation in Container Shipping May Lead to Oligopoly
Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport. “A slower demand than earlier projec
1st Heritage Class Shuttle Tanker Joins Teekay Offshore
Image Courtesy: Teekay Teekay Offshore has taken delivery of Beothuk Spirit, the first of its three Heritage Class shuttle tankers, from Samsung Heavy Industries (SHI) shipyard in South Korea. Currently, the 147,000 dwt Beothuk Spirit, which flies the flag of Canada, has a market value of USD 104.61
EnQuest improves cash liquidity through two new deals
UK oil and gas company EnQuest will enhance its cash liquidity position by $100 million through two deals announced on Thursday. Namely, the oil company has executed a $37.25 million refinancing for its Malaysian Tanjong Baram project as well as an $80 million crude oil prepayment transaction with M
Vopak Starts Bunkering Services at Singapore Terminal
Tank storage company Vopak has introduced a new concurrent bunkering services at its Sebarok terminal in Singapore. With the service, vessels calling at the company’s Sebarok terminal can receive bunkers from bunker barges while loading or discharging at the terminal, eliminating the shi
PHOTO: Colombo Scheme Moves Forward, Half Way Done
Megapolis and Western Development Minister, Patali Champika Ranawaka, today toured the Port City land reclamation operations in Colombo, Sri Lanka. According to Minister Ranawaka, China Harbor Engineering Company (CHEC) completed 50% of all land reclamation work so far. The Port City project is curr
WSC, IMO Fire Back at Study Findings on Lack of Action on Climate Change
The International Maritime Organization (IMO) and the World Shipping Council (WSC) have hit back at the accusations stemming from the recently published study by the InfluenceMap on the IMO’s approach to tackling carbon emissions from shipping. The report claims that the shipping industry has aggres
Thailand to focus on securing long-term LNG supply deals
Thailand’s imports of liquefied natural gas on long-term contracts could see a significant climb by 2036.
PHOTO: TSHD Mahaa Jarraafu Arrives in the Maldives
Following her two-week trip from China, MTCC’s new trailing suction hopper dredger Mahaa Jarraafu has finally arrived home. “Today marks a major milestone in the history of MTCC. Our trailing suction hopper dredger Mahaa Jarraafu has just arrived in the Maldives,” reported the company. The vessel, b
CNOOC Ltd. oil & gas revenues move up on higher prices
Chinese oil producer CNOOC Limited recorded an increase in its oil and gas sales revenues during the third quarter of 2017 helped by higher prices, despite lower domestic output. For the third quarter of the year, the company achieved a total net production of 116.2 million barrels of oil equivalent
President Inaugurates Raa atoll Fainu Coastal Project
The President of the Maldives, Abdulla Yaameen Abdul Gayyoom, yesterday inaugurated the coastal protection project in Raa atoll Fainu island. The project was contracted to Maldives Transport and Contracting Company (MTCC) by the Ministry in May 2016, the Ministry of Environment and Energy of the Rep
Trio agrees development of Indonesian LNG to power project
Qatari Nebras Power signed an agreement with Perusahaan Listrik Negara (PLN) and PT Pembankitan Jawa-Bali (PJB) to build an LNG fueled power project in Sumatra, Indonesia.