South & Central Asia
Eni and CNPC ink oil and gas cooperation deal
Chinese state-owned China National Petroleum Corporation (CNPC) and Italian oil giant Eni signed a cooperation agreement on Wednesday, September 13. According to a statement by the Italian oil company, the agreement covers cooperation in oil & gas exploration and production, gas and LNG value chain
Bangladesh to ink Qatar LNG deal soon
Bangladesh is reportedly expected to sign a 15-year deal this month with Qatar’s RasGas to import liquefied natural gas (LNG) starting in 2018. The deal will be signed on September 25 in Qatar, Reuters reported on Wednesday citing Mohammad Quamruzzaman, managing director of the Rupantarita Prakritik
New Terra et Aqua September 2017 Edition
The International Association of Dredging Companies (IADC) has just released the latest edition of its Terra et Aqua magazine. According to IADC, Terra et Aqua’s third edition of 2017 spotlights four unsinkable issues facing today’s dredging industry: contaminated site remediation, sediment treatmen
China Driving Dry Bulk Shipping Market’s Recovery
Sentiment among dry bulk ship owners seems to be at a new high as Baltic Dry Index (BDI) hit a 34-month record at 1,332 points, according to a weekly shipping report from Allied Shipping Research. The market increase that has seen some routes on the Capesize Index reach a three-year high has been dr
Seven Safe, Five Missing as Dredger Capsizes Near Singapore
A Dominican-registered dredger JBB DE RONG 19 sank earlier today (12.40am local time) following a collision with an Indonesian-registered tanker KARTIKA SEGARA some 1.7 nautical miles south-west of Sisters Island in Singapore. The dredger was transiting the westbound lane while the tanker was depart
Hong Kong, UK Agree on Stronger Maritime Ties
Representatives of the British and Hong Kong maritime business sectors have signed an agreement to forge a closer working relationship. Under the Memorandum of Understanding, signed on September 12 during London International Shipping Week, Maritime London and the Hong Kong Maritime & Port Board (HK
Clarksons: Secondhand Containership Sales at Record Level
The volume of secondhand containership sales reported in the first eight months of 2017 totalled 0.75 million TEU, exceeding the previous annual record level of 0.64 million TEU set in 2015. According to Clarksons Research, a new monthly record was set in March 2017 which witnessed some 40% of the f
Five Missing in Collision off Singapore
Five seafarers are mising following a collision between a 30,747 dwt tanker Kartika Segara and a Dominican-registered dredger JBB De Rong 19 in Singapore territorial waters. After the ships collided at about 12.40 am Singapore time on September 13, while they were some 1.7 nautical miles south-west
Wärtsilä and AW-Energy join forces for WaveRoller sales
The technology group Wärtsilä and Finnish-based wave energy developer AW-Energy have signed a cooperation agreement to sell and deliver WaveRoller wave energy device worldwide.
India’s GAIL swaps 60 percent of contracted U.S. LNG volumes
State-run gas company GAIL (India) Ltd has reportedly swapped 60 percent of its previously contracted U.S. LNG supplies as it is trying to reduce costs for price-sensitive Indian customers. The Indian company has a contract with Cheniere to buy 3.5 million mt per annum of LNG for 20 years from Sabin
Fitch: India’s Gorgon deal may spur more LNG renegotiations
The renegotiation of a 20-year liquefied natural gas contract to lower the price paid by India’s Petronet LNG go to one of its suppliers, ExxonMobil, demonstrates the risks faced by LNG exporters in the oversupplied Asia Pacific market, according to Fitch Ratings. Larger LNG importers, such as Japan
Cochin Port Takes the Lead in Cargo Traffic Growth
India’s Cochin Port recorded the highest cargo traffic growth during the period from April to August 2017, when compared to other major ports in the country. Namely, the port was the top one of seven major Indian ports which registered positive growth in traffic over the period, as its volumes surge