South & Central Asia
JERA negotiating LNG-supply deal without destination clause
Japan’s JERA, the world’s largest buyer of liquefied natural gas (LNG), is reportedly lining up a contract that will have no destination clause in it.
Japan’s spot LNG contract price jumps in September
The average price of spot-LNG imported into Japan that was contracted in September 2017 is $6.9 per mmBtu, according to the data provided by Japan’s Ministry of Economy, Trade and Industry.
Singapore to End Port Dues Concession for Bunker Tankers
A 50 percent port dues concession for MARPOL-compliant double hulled (MCDH) port limit bunker tankers will be withdrawn as of January 1, 2018, according to Maritime and Port Authority of Singapore (MPA). The concession was introduced in January 2012 with an aim to encourage the use of MCDH port limi
SeaIntel: Capacity Not Shrinking in 4th Quarter?
The fourth quarter of 2017 is currently slated for massive overcapacity, contrary to expectations, as the traditional seasonal culling of capacity has not yet been scheduled, according to data provided by SeaIntel Maritime Analysis. When looking at the past five years, SeaIntel informed that 25 sail
Mubadala Petroleum begins Manora field drilling
Oil and gas company Mubadala Petroleum has begun a drilling program in the G1/48 concession in the Northern Gulf of Thailand. The G1/48 concession, containing the Manora oil field, is located in the Gulf of Thailand where Mubadala is the operator with a 60 percent interest. The remaining interest is
‘Maersk Deliverer’ scoops second deal in two weeks
Danish offshore driller Maersk Drilling has won more work in Southeast Asia for its Maersk Deliverer semi-submersible drilling rig. Maersk Drilling said on Tuesday that the semi-submersible Maersk Deliverer was awarded a contract in Southeast Asia by Total E&P Malaysia. According to the company, the
Video: John S McCain Secures Ride to Yokosuka
US Navy’s Arleigh Burke-class destroyer USS John S McCain (DDG 56) has been moved in preparation for on load to the heavy lift vessel MV Treasure. MV Treasure will transport McCain to Fleet Activities Yokosuka, where it is scheduled to undergo repairs when it arrives at the site in October. John S.
Dredging Today Conference Closes with Success
The second and the final day of our first Dredging Today Conference, taking place at Amsterdam RAI Convention Center under the theme ‘Changing Climate, Resilient Business’, has drawn to a close today on a very positive note. The sessions saw straight-to-the-point statements and some interesting disc
WFW advises on FSRU BW Integrity financing
International law firm Watson Farley & Williams acted as advisor to Credit Agricole Corporate and Investment Bank and KfW- IPEX Bank in the $191.8m post-delivery financing of BW Group’s FSRU BW Integrity.
BW Gas Gets Financing for BW Integrity FSRU
Credit Agricole Corporate and Investment Bank (CA-CIB) and KfW-IPEX Bank (KfW) have provided a USD 191.8 million post-delivery financing to a subsidiary of BW Gas regarding the company’s second FSRU, BW Integrity, law firm Watson Farley & Williams (WFW) informed. CA-CIB and KfW acted as mandated lea
Demak to Tackle Coastline Erosion
Ten community leaders have signed agreements to help further restore their severely eroded coastline during a high level event organised by the Ministry of Marine Affairs and Fisheries (MMAF) of Indonesia and the public private Consortium Building with Nature (BwN) in Demak. At the multi-stakeholder
Ho Chi Minh City to Invest Over $90M in River Dredging
With an aim to promote waterway transportation in the city, the Ho Chi Minh City People’s Committee has decided to invest around $90 million in two river dredging projects. According to the local media, the People’s Committee recently approved two river dredging projects in District 9 that will impr