South & Central Asia
Top news, August 14 – 20, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from August 14 – 20, 2017.
Popular news, August 14 – 20, 2017
Popular news, August 14 – 20, 2017 Offshore Energy Today Staff
Top news of the week August 14 – 19
Cheniere in China LNG move US liquefied natural gas (LNG) export player Cheniere Energy is preparing to open an office in China, currently the world’s third-largest buyer of the chilled fuel. KBR wins pre-FEED work on West African LNG project Houston-based LNG engineer KBR has been contracted by BP
Senok Signs Kaashidhoo and Fonadhoo Contract
Senok Trade Combine (Pvt) Ltd has won a contract for the Kaafu atoll Kaashidhoo sea wall project and the Laamu atoll Fonadhoo harbor development, the Maldives’ Ministry of Housing and Infrastructure said in its latest announcement. At a special ceremony held at the Housing Ministry yesterday, the tw
MMC Corp Eyes Stake in Sabah Ports
Malaysia’s MMC Corporation Berhad is looking to purchase a stake in Sabah Ports Sdn Bhd, a subsidiary of Suria Capital Holdings Berhad. The company confirmed that the parties have launched talks on the acquisition, however, “the Board of Directors of MMC has yet to make any firm decision in relation
Startups Widen Genting Hong Kong’s Loss
Startup of new brands for the cruise division and MV Werften Shipyard has pushed cruise operator Genting Hong Kong into a loss of USD 203.2 million during the first half of 2017. The company’s loss has been further widened when compared to last year’s equivalent of USD 53.6 million. Total comprehens
Mitsui targets stake in Swan LNG’s Jafrabad FSRU project
Japanese shipper Mitsui OSK Lines is reportedly eyeing an 11 percent stake in Swan LNG’s FSRU project in Jafrabad, Gujarat.
Report: CMA CGM Picks Chinese Yards to Build World’s Largest Boxships
French liner major CMA CGM has reportedly signed a letter of intent (LOI) with two Chinese yards on the construction of up to nine 22,000 TEU megaships. Specifically, in line with the LOI, CSSC Hudong-Zhonghua would be in charge of constructing five ships from the batch, while Shanghai Waigaoqiao Sh
Macquarie wraps up Green Investment Bank acquisition
Macquarie-led consortium has completed the acquisition of Green Investment Bank from the UK government for £2.3 billion, which will now operate under the name of Green Investment Group.
Arup adds experience to its LNG business
Independent design and engineering consultancy, Arup, has added a senior LNG specialist Richard Mortimer to its team.
Pacific Basin Staying Clear of Ordering as It Slashes Loss
Hong Kong-based dry bulk shipping company Pacific Basin will not be exercising its options for newbuilding tonnage as long as the current market conditions remain, the company said. The dry bulker owner has options to purchase 11 Handysize, 3 Supramax and 1 Post-Panamax vessels at predetermined time
Pakistani Union Cancels Strike, Agrees on Wage Increase
The Shipbreaking Workers Union Gadani (SBWUG) called off their planned strike action on August 4 after reaching a deal, which includes a wage increase, with the employers association. The union earlier planned to start an indefinite strike on the back of a number of incidents at Pakistani yards, the