South & Central Asia
Carrier Reliability Continues Growing
Carriers’ overall on-time and transit time reliability improved by 6.8%, increasing from 63.3% in May 2017 to 70.1% in June 2017. Reviewing schedule reliability by trade, nine of the 12 trades improved from May 2017 to June 2017, according to the latest data from intelligence provider CargoSmart. Th
Sharjah Moon Sailors Latest of Over 50 Indian Sailors to Return Home from UAE
The stranded Indian crew members of MV Sharjah Moon have finally returned home, India’s Consulate General in Dubai informed. ” With our persistent efforts, 5 Indian sailors of Sharjah Moon stuck for many months returning home tonight. We had intervened earlier to send back captain of the ship Jaipra
Video: Shell’s Prelude FLNG arrives in Australian waters
Shell’s Prelude floating liquefied natural gas (FLNG) facility has arrived at its location, the Prelude field, 475km North-North East of Broome.
Cosco delivers another platform supplier to Vroon
Chinese shipbuilder Cosco has delivered a newbuild platform supply vessel to Dutch shipping company Vroon. The Chinese company said on Tuesday that the documents for the delivery of the platform supply vessel VOS Patience were signed on July 18. VOS Patience, a PX121-type platform supply vessel, is
Woodmac podcast: What to expect from 2Q results season?
Oil majors, such as Exxon and Shell, among others, are set to reveal their second quarter financial and operational reports this week, with BP expected next week. Wood Mackenzie, an energy intelligence group, has posted a podcast taking a look into what to expect when it comes to the 2Q results seas
PTT eyeing stake in Petronas’ LNG project
Thailand’s state-owned PTT is eyeing a stake in Petronas’ natural gas liquefaction plant to be built in Malaysia.
Singapore: Merger on the cards between largest rig builders?
A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards. This is according to a report by DBS Bank – The Development Bank of Singapore, which believes it is time for Singaporean shipyards to reform, restructure, and r
DBS: Keppel, Sembcorp Marine Merger Would Make Sense
Prevailing challenges in the offshore and marine sector have sprung rumors on the potential consolidation of Singapore’s rig builders Keppel Corporation (Keppel) and Sembcorp Industries (SCI), according to DBS Bank. The move would be a prudent choice having in mind the yard overcapacity and rig over
World’s 2016 energy spending dragged down by upstream O&G
World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged down by the oil companies’ lack of spending which was slashed by a quarter. According to a report released by the International Energy Agency (IEA), while the world experienced a 9% increase
Torm Buys Four MR Resales from Guangzhou Shipyard
Danish shipping company TORM has entered into an agreement to purchase four fuel-efficient MR resale vessels from Guangzhou Shipyard International (GSI) with expected delivery in 2019. The deal includes the option to purchase up to four additional MRs with expected delivery in late 2019. The company
Liberty Prrudencia Crew’s Ordeal Over
The sixteen former crew members of the Hong Kong-flagged bulk carrier Liberty Prrudencia have been repatriated and their wages paid on Sunday, July 23, the Human Rights at Sea organization confirmed. The ship was abandoned in February 2017, according to the data from the International Labour Organiz
Petronas Ships Its First LNG Cargo to Thailand
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) has delivered its first liquefied natural gas (LNG) cargo aboard the LNG vessel Puteri Intan Satu to Thailand. It arrived to the Map Ta Phut Terminal at Rayong on the east coast of the Gulf of Thailand on July 20, 2017 from the Petro