South & Central Asia
Drewry: Carriers Getting Busier on Asia-Middle East Route
Spot rates in the Asia to Middle East market are seeing the most traction as container shipments on the route improved by 1.6% year-on-year in May, according to shipping consultancy Drewry. Although volumes registered in the first five months of 2017 were down by 2.6% to 1.3 million TEU, freight rat
d’Amico Tankers Inks Sale, Leaseback Deal for MR Vessel
Tanker owner and operator d’Amico Tankers has signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of one of its medium-range product tanker vessel for a consideration of USD 28 million. The deal, reached with an undisclosed Japanese company, is related to the 49
Will Singapore weather the offshore storm?
Victims of the slump in oil prices are spread throughout the world and Singapore’s offshore oil and gas industry is no exception.
Operator declares force majeure on Deepsea Metro I contract
Golden Close Maritime Corp, the owner of the Deepsea Metro I drillship, managed by Odfjel Drilling, has received a force majeure notice on the drillship contract. To remind, the rig owner in May said it had secured a contract in South East Asia for the DeepSea Metro I drillship with an undisclosed p
Hess in North Malay Launch
American independent oil & gas company Hess has started first production of natural gas from its North Malay Basin asset offshore Malaysia. The production kicked off in mid-July following the hook-up of the topsides for the central processing platform. The field is expected to ramp up net production
HHI to Build up to Eight Gas Carriers for Vitol
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract to build up to eight very large gas carriers (VLGCs) for the oil trading company Vitol, according to Reuters. Under the deal, the shipbuilder will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000
GALLERY: Semi-sub Bluewhale II on sea trials
Chinese shipbuilder CIMC Raffles has started sea trials for the ultra-deepwater drilling rig Bluewhale II, following the completion of equipment testing. CIMC started sea trials of the rig over the weekend and they are expected to last for three weeks, the builder reported on Monday. Designed to ope
Hess kicks off gas production at North Malay Basin project
U.S. oil company Hess has informed that production has kicked off from its North Malay Basin development, offshore Malaysia. According to Hess, hook-up of the topsides for the central processing platform was completed in the second quarter and first production of natural gas started in mid-July with
BW LPG Sets Up Joint Venture in India
Singapore’s gas carrier owner BW LPG and Global United Shipping India Private Limited have agreed to establish a joint venture in India in which the parties will own 50% each. The new joint venture, named BW Global United LPG India Private Limited, will own and operate gas carriers for the transport
Readers’ Picks of The Week (July 24-28, 2017)
Readers’ Picks of The Week (July 24-28, 2017)
Popular news, July 24 – 30, 2017
The most popular articles of the week July 24 – 30, 2017.
Top news, July 24 – 30, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from July 24 – 30, 2017.