South & Central Asia
Genting Hong Kong to Delist from Singapore Exchange
Genting Hong Kong, a part of Genting Group, has received a green light from the Singapore Exchange Securities Trading Limited (SGX-ST) for its proposed voluntary delisting from the Main Board of the SGX-ST. Genting Hong Kong has a primary listing on the Main Board of the HKSE, and a secondary listin
Keppel Gets FPSO Conversion Deal from SBM Offshore
Singapore-based Keppel Shipyard has secured a floating production storage and offloading (FPSO) vessel conversion contract from Dutch oil and gas services provider SBM Offshore. Under the contract, the shipbuilder is to convert a very large crude carrier (VLCC) into an FPSO, which upon completion, w
Dredging Today Conference: Still Time to Register
Our first Dredging Today Conference (DTC) is set to take place next week, on October 9-10th at Amsterdam RAI Convention Center, under the theme ‘Changing Climate, Resilient Business’. There’s still time to register for the conference and join representatives from companies like; Jan De Nul | Myanmar
Keppel lands conversion project for Liza FPSO
Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a floating production storage and offloading vessel (FPSO) conversion contract from SBM Offshore meant for ExxonMobil’s Liza field offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO,
Bassoe: Offshore rig market to reach 85% utilization again
By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates inc
Report: Vietnamese Tanker Collides with Warship
A small chemical tanker Everrich 3, owned by Vietnamese TPL Shipping, was involved in a collision with a Taiwanese warship, the Taipei Times reports. The 1995-built chemical tanker, flying the Panamanian flag, reportedly hit the stern of the Tsoying (DDG-1803) belonging to the Republic of China (Tai
Govt: North Korean Ship Seized off Egypt Illegally Flying Cambodian Flag
The three ships owned by a North Korean firm that have been registered under the Cambodian flag of convenience had been removed from the country’s ship registry a year ago, Cambodian Ministry of Foreign Affairs and International Cooperation informed. The announcement was triggered by media reports t
Video: China Splashes TI Europe with New Paint
The crude oil tanker TI Europe, owned by Antwerp-based tanker owner and operator Euronav NV, recently underwent drydocking works in Shenzhen, China. In September, the France-flagged ultra large crude carrier sailed to the Yiu Lian Dock Yards for the upgrades. The 2002-built TI Europe is one of the o
Cochin Port Suffers ‘Huge’ Loss due to Sunken Vessel
The recent sinking of a fishing vessel in the navigational channel of Cochin Port Trust has caused a number of losses to the port. The direct loss incurred for salvaging the sunken vessel was INR 2.95 million (around USD 45,150), the port said in a statement, adding that the indirect loss due to can
Brokers: Petredec to Expand Fleet with Two More VLGCs
LPG specialist Petredec has reportedly exercised the option for the construction of two additional very large gas carriers (VLGCs) at China’s Jiangnan Shipyard. The order for two 84,000 cbm LPG carriers was signed only months after the company agreed the contract for the initial two units with the s
Petrovietnam University inks drilling ops digitalization deal with eDrilling
eDrilling, a provider of drilling and well performance solutions, and Petrovietnam University have signed a memorandum of understanding (MoU) for a long-term engagement to drive digitalization of drilling operations in Vietnam. In 2010, the Prime Minister of Vietnam issued a decision on establishing
Sembcorp Marine calls off three Oro Negro rig contracts
Sembcorp Marine’s subsidiary PPL Shipyard has terminated contracts with Oro Negro, a Mexican drilling services provider, for the construction of three jack-up rigs. The contracts were with Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. and its subsidiary Oro Negro Vastus. The jack-u