South & Central Asia
IEA: market flexibility improving thanks to LNG
While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalized and interdependent markets is creating new security challenges, according to the International Energy Agency’s latest assessment of global gas security. The IEA’s second
Swan Energy confirms MOL’s participation in Jafrabad FSRU project
Swan Energy confirmed that Japanese shipper Mitsui OSK Lines grabbed an 11 percent stake in Swan LNG’s FSRU project in Jafrabad, Gujarat.
Pan Asia LNG carrier delivered
Chinese shipyard Hudong-Zhonghua Shipbuilding delivered the Pan Asia LNG carrier the first of four vessels set to transport liquefied natural gas from the QCLNG project in Australia to China.
Samsung Heavy books FSRU order
South Korean shipyard Samsung Heavy Industries, on Thursday received an order to build a floating storage and regasification unit (FSRU) for a consortium of Marubeni, Sojitz, and Pertamina.
Samsung Heavy Industries Bags LNG-FSRU Gig
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has won an order to build an LNG Floating Storage and Regasification Unit (FSRU) for about KRW 250 billion ( approximately USD 221 million). SHI revealed that the newbuild order for a 170,000 cbm LNG-FSRU was received from a consortium of M
Samsung Heavy Industries receives LNG FSRU order
South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order to build an LNG floating storage and regasification unit (FSRU) for KRW 250 billion ($221 million). SHI said on Thursday that the newbuild order for a 170,000 m3 LNG-FSRU was received from a consortium of Marubeni, Sojitz, and
Study: Slower Steaming Could Cut Emissions by a Third
Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings from reducing th
GTT inks LNG carrier dry-docking project deal in China
China State Shipbuilding Corporation’s Guangzhou Wenchong Dockyard signed a contract with French LNG containment specialist GTT to cooperate on liquefied natural gas carrier dry-docking project.
COSCO Shipping Holdings’ Shareholders Okay OOIL Takeover
The shareholders of COSCO Shipping Holdings Co. passed special resolutions at the extraordinary general meeting held on October 16, approving the takeover bid of Orient Overseas (International) Limited. The takeover offer was made in July this year when COSCO Shipping Holdings and Shanghai Internati
Hudong-Zhonghua Delivers LNG Carrier Pan Asia
On October 13, Hudong-Zhonghua Shipbuilding Group delivered to its owners Pan Asia, the first of four 174,000 cbm Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carriers. The ship quartet is owned by a joint venture involving China National Offshore Oil Corporation, China LNG Group, BW
Petrobangla agrees new LNG terminal development
Bangladesh’s state-owned Petrobangla signed a term-sheet for LNG terminal use agreement with Hongkong Shanghai Manjala Power and Malaysia’s Global LNG and Petronas LNG to set up a terminal at Cox’s Bazar.
CBI clears marine renewables for Climate Bond Certification
The Climate Bonds Initiative (CBI) has launched the Marine Renewable Energy Criteria which made marine renewable energy investments eligible for Climate Bonds Certification.