South & Central Asia
Do Seafarers Really Matter?
Seafaring has been described as a vital support mechanism for the global economy by the International Maritime Organization (IMO) ahead of the Day of the Seafarer marked last July. However, seafarers across the globe still face various challenges when they venture out to sea ranging from poor commun
Bangladesh builds first of four LNG dedicated pipelines
Construction of Bangladesh’s first pipeline dedicated to transport natural gas from the LNG import terminal to the domestic market has been completed.
HMM Slashes Operating Loss
South Korean container carrier Hyundai Merchant Marine (HMM) managed to narrow its operating loss to KRW 128.1 billion (USD 111.8 million) in the second quarter of 2017 from KRW 254.3 billion (USD 222 million) recorded in the same period a year earlier. The company’s operating loss in container busi
Yang Ming Narrows Loss in 2017
Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) managed to cut its net loss in the second quarter of 2017 to TWD 445 million (USD 14.7 million). The result represents a decrease of 90% compared to the net loss seen in the same period a year earlier. Compared to the prev
PTT eyes project investment to secure LNG supply
Thailand’s PTT is aiming to secure smaller stakes in Australian liquefied natural gas projects to triple its LNG imports by 2022 as the domestic natural gas production diminish.
AmBank takes legal action against Nam Cheong over $16M debt
Nam Cheong, a cash strapped Malaysian offshore vessel builder, has been hit with a claim by AmBank. The OSV player on August 9, 2017 received a writ of summons and statement of claim dated August 7, 2017 filed by AmBank in the High Court of Malaya at Kuala Lumpur, Malaysia. AmBank is seeking a loan
Petronet’s LNG terminals record highest throughput
India’s largest importer of liquefied natural gas, Petronet LNG, a net profit of 4.4 billion rupees ($68.3 million) for the second quarter of 2017.
MacArtney ROV Winch for Pakistani Defence Contractor
MacArtney has supplied custom-engineered winch system to the Pakistani navy to be applied for naval ROV operations. The winch solution equipped with a 3000 m fibre cable and termination has been purpose-built for use with a customer-built ROV designed for localising objects lost on the ocean floor.
Petronas focuses on expanding presence in Indian LNG market
Malaysian energy giant Petronas is aiming to grab a larger share in India’s liquefied natural gas sector, the company’s president and CEO Wan Zulkiflee Wan Ariffin said on Thursday.
Hansa Heavy Lift Ships 13 Modules to Australia
German shipping company Hansa Heavy Lift has transported 13 modules measuring over 147,124 cbm from China to Australia, to help with the redevelopment of the Nyrstar Smelter in Port Pirie. The cargo was loaded on four separate voyages at the Yanda Module Yard in Jiangsu, China, with the largest piec
Damaged US Navy Warship to Be Moved to US for Repairs
The US Navy’s severely damaged guided missile destroyer USS Fitzgerald is to be moved back to the US months after it collided with the containership ACX Crystal in Japan. The warship “will be returning to the US for repairs,” the spokesperson for the US Navy 7th Fleet confirmed, adding that the deal
SBM Offshore sells Marlim Sul FPSO for scrap
Dutch provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, has sold its previously demobilized FPSO Marlim Sul for recycling. SBM said in its 2017 half-year financial results this week that the FPSO, removed from the Petrobras-operated oil field,