South & Central Asia
Five More Major Regulators Need to Approve Maersk’s Hamburg Süd Deal
Regulatory bodies of China, Korea, Brazil, Chile and South Africa are still to clear Maersk Line’s acquisition of German counterpart Hamburg Süd, Maersk said in an update on the transaction. Danish shipping company added it has so far obtained approvals from 12 jurisdictions for the USD 4 billion-de
CSIC Secures Massive Cash Injection from Investors
Shanghai-listed China Shipbuilding Industry Corporation (CSIC ) has signed a debt-for-equity swap agreement with eight state-backed investors worth up to RMB 21.9 billion (USD 3.28 billion). The shares to be sold relate to CSIC’s two subsidiaries, Dalian Shipbuilding Industry (DSIC) and Wuchang Ship
India not looking to adjust LNG import deal with Qatar
No changes will be made to the 8.5 mtpa LNG supply deal India’s Petronet LNG has in place with Qatar’s RasGas.
Gard Warns of Increase in Chittagong Anchorage Incidents
The number of navigation incidents in port approaches and anchorages at Bangladeshi port of Chittagong area is on the rise, according to marine insurer Gard. Gard has been notified of several recent collisions and groundings in the Chittagong Port Authority’s (CPA) outer anchorage, which is very con
CNOOC completes last two modules for Yamal LNG project
The engineering unit of China’s oil and gas producer and LNG stakeholder, CNOOC, shipped the two final liquefied natural gas core modules for Novatek’s Yamal LNG project on Wednesday.
Tanker Orders Ramp Up in Q2
The second quarter of the year saw a total of 32 product tankers ordered as owners rushed to quench their thirst for newbuilding tonnage amid attractive asset prices. A total of 10 Handysize vessels and 22 Middle Range (MR) tankers have been ordered along with 18 Long Range (LR) 2 vessels, which cor
Spotted: COSCO Carries Shell’s Appomattox Hull
In today’s spotted we bring you an image of MV Xin Guang Hua which recently loaded the hull of Shell’s Appomattox platform. The 40,335 mt hull was loaded onto the semi-submersible heavy lift vessel near Geoje Island, South Korea, on August 6, 2017. The hull is intended for the oil and gas company’s
Wan Hai Bins Order for Eight Feeders
Taiwan’s shipping company Wan Hai Lines has decided to terminate a shipbuilding contract for eight feeder vessels, ordered from Japanese shipbuilder Naikai Zosen. The deal was cancelled due to changes in newbuilding rules and environmental regulations, Wan Hai said in a stock exchange filing. The co
HMM Sets Sights on Arctic Shipping
South Korean container shipping company Hyundai Merchant Marine (HMM) is reviewing Arctic shipping opportunities as it eyes cost savings resulting from the shorter trip duration between Asia and Europe via the route. According to the Pulsenews, a trial operation is being planned for 2020 with the de
Boskalis’ Revenue Declined in the First Half of 2017
Boskalis today released their business results for the first half of 2017, saying that they realized a net profit of EUR 75.1 million in this period (H1 2016: EUR 147.5 million). Revenue in the first half of the year declined by 7% compared to the first half of last year to EUR 1.09 billion (H1 2016
Golar LNG Partners in FLNG Hilli Episeyo acquisition
Golar LNG Partners has agreed to acquire the equity interests in the FLNG Hilli Episeyo from Golar LNG, Keppel and Black and Veatch.
VIDEO: Catcher FPSO on sea trials before sailaway
BW Offshore-owned floating production storage and offloading (FPSO) vessel BW Catcher, built for Premier Oil-operated Catcher development in the UK sector of the North Sea, is undergoing marine trials in Singapore ahead of its departure to final offshore location. Earlier this week, Premier Oil laun