South & Central Asia
Essar Ports plans $500 mln investment in LNG terminals
Essar Ports is planning to invest some $500 million to build two liquefied natural gas (LNG) terminals within the following 18 months.
Report: Cochin Shipyard Eyes Expansion after IPO
India’s Cochin Shipyard is looking to expand its operations as it plans to establish new ship building and repair facilities in Andaman and Nicobar, Gujarat, Kolkata and Mumbai. The shipbuilder’s expansion plan was unveiled by Nitin Gadkari, India’s Minister for Road Transport, Highways and Shipping
ICTSI Inks Deal to Operate Two Papua New Guinea Ports
Philippine-based International Container Terminal Services, Inc. (ICTSI) has signed two 25-year agreements to operate the international ports in Motukea and Lae in Papua New Guinea (PNG). ICTSI said that the terminal operating agreements were signed by ICTSI’s PNG subsidiaries, Motukea International
Ultramax Bulker Detained in Singapore
The 2015-built bulk carrier Sinica Graeca has been arrested in Singapore waters, Supreme Court of Singapore’s data shows. Featuring 63,300 dwt, the bulker was detained in the evening hours of September 24. The reason for the ship’s detention are said to be claims regarding damages suffered in a coll
China LNG Group to build LNG facilities in Jiangyin
China LNG Group has signed an agreement with the Jiangyin Management Committee to jointly invest and build LNG facilities in Changjiang port area, Jiangyin City.
South Korea Eyes Looking to Build World’s Largest LNG-Fueled Ship
South Korea intends to launch a pilot project to build a 180,000 gross ton LNG-fueled vessel in an effort to reduce pollutants emitted from ships and promote environmentally friendly industries, the country’s Ministry of Oceans and Fisheries (MOF) informed. The ministry said it will collaborate with
Blast Hampers Tanker Operations at India’s Kandla Port
An explosion has been reported at an oil jetty in India’s Kandla Port which shut down tanker operations over the weekend. The blast and heavy fire occurred on Saturday night, September 23 at the pipeline junction leading to the liquid cargo storage terminal belonging to the Friends Salt Works & Alli
Hilli Episeyo FLNG part of Singapore’s first LNG bunker transfer
Hilli Episeyo, soon to be operational as Cameroon’s first FLNG unit, has become a part of the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore. Namel, FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the milestone by completi
COSCO Shipping Energy Transportation Wins Fleet Renewal Backing
China’s COSCO Shipping Energy Transportation has received a government subsidy for disposal and retrofit of vessels worth approximately HKD 421 million (USD 54 million). The subsidy is part of revenue-related government grants and is aimed at compensating for relevant expenses or losses already incu
Aquabotix Adds New Representative
UUV Aquabotix announced the addition of Deekay Marine Services as an exclusive representative for Aquabotix in India. Deekay Marine Services has provided support and services to marine industries in India for more than three decades. The company is involved in various marine sectors, including hydro
Wisdom Marine Scraps Tanker Order at JMU
Taiwanese shipping company Wisdom Marine Lines has decided to cancel the two tanker newbuilds ordered from Japan’s shipbuilder Japan Marine United Corporation (JMU). The two 115,000 DWT crude oil tankers were ordered in June, 2016 and were valued at USD 50 million per vessel. As a result, the compan
Inpex boosts renewable energy efforts
Japan’s LNG developer and stakeholder, Inpex, has decided to set up renewable energy and power business unit starting October 1.