South & Central Asia
Readers’ Picks of the Week (October 16-20, 2017)
Readers’ Picks of the Week (October 16-20, 2017)
KrisEnergy kicks off Thai drilling campaign
KrisEnergy, an independent oil and gas company, has started drilling the East Mayura-1 exploration well in the G10/48 contract area in the Gulf of Thailand. The PV Drilling I jack-up drilling rig started drilling the exploration well in the G10/48 contract area on Friday, October 20, 2017. The oil c
UAE FTA, ITF to Work on Solving Crew Abandonment as Owner Impunity Persists
The United Arab Emirates (UAE) Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together to tackle abandonment cases in UAE waters. FTA and ITF officials met this week to discuss the increasing number of abandonment cases faced by the UA
Scrapping of Trailing Suction Hopper Dredger Hansita Starts
The trailing suction hopper dredger (TSHD) Hansita – washed up near Mundakkal beach in Kollam after it lost moorings in June 2016 – is now being scrapped by a Kannur-based private firm under a contract tendered by the Metal Scrap Trading Corporation (MSTC), a Central government enterprise. The MSTC
Ocean Infinity to Hunt for MH370
The Malaysian government is entering into an agreement with Ocean Infinity to search for Malaysia Airlines flight MH370, Darren Chester, Australia’s minister for infrastructure and transport said on Thursday. Namely, the Malaysian government has accepted the earlier announced offer from Ocean Infini
KrisEnergy makes FID for Apsara oil field off Cambodia
Oil and gas company KrisEnergy has made a final investment decision (FID) to proceed with the first phase of development for the Apsara oil field, the first hydrocarbon development project in Cambodia. Located in Cambodia Block A in the Gulf of Thailand, Phase 1A of the Apsara development envisages
Odfjell Terminals Sells Its Singapore Terminal
Odfjell Terminals B.V., a joint venture between Odfjell SE and Lindsay Goldberg, has inked a deal with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50% ownership in Oiltanking Odfjell Terminal Singapore for USD 300 million. This implies an enterprise value of around USD 330
Asian LNG market to get $10 bln push from Japan
Asian LNG market is set to receive a $10 billion public-private push from Japan, the world’s largest importer of liquefied natural gas.
NGO: 124 Ships Dumped on South Asia’s Beaches in Q3
Some 124 ships out of 227 ships broken in the third quarter of 2017 ended up on beaches in South Asia for dirty and dangerous breaking, the latest report from NGO Shipbreaking Platform shows. A total of 42 ships were sent for demolition to Turkey, 35 to China, and 26 were scrapped in the rest of [&h
Inpex’s Masela LNG deal extended by 27 years
Indonesia has reached a series of agreements with Japan’s Inpex regarding the development of the Masela block that contains the Abadi gas field.
d’Amico’s First LR1 Ships Hit the Water
Today, d’Amico International Shipping (DIS), a Milano-listed company specializing in the transport of refined petroleum products and vegetable oils, launched the first three LR1 (long-range) vessels in its history, at the Hyundai Vinashin shipyard in Vietnam. The company invested USD 131 million in
Spotted: AIDA Starts Its First World Cruise
On October 17, AIDAcara embarked from Hamburg on AIDA Cruises’ very first world cruise. The 116-day cruise around the world will take the ship to 41 ports in 23 countries on five continents, until February 10, 2018. Highlights of the journey are, amongst others, Easter Island, New Zealand and Austra