South & Central Asia
KOGAS, Partners Forge FSRU Cooperation
Korea Gas Corporation (KOGAS) has teamed up with compatriot shipping lines on a floating storage and regasification unit (FSRU) business cooperation. The move targets to revive Korean shipping and shipbuilding industries which have been considerably impacted by the ongoing troubles in the maritime i
PTP Sues RSS over Oil Spill
Malaysia’s terminal operator Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) has launched legal action against Rising Star Shipping Sdn (RSS) and The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch in relation to the oil spill at PTP’s premises from 2016. On 24 August 2
UDS Splashes ‘Van Gogh’
Singapore-based Ultra Deep Solutions (UDS) has launched its new DP2 multipurpose diving support construction vessel (DSCV) ‘Van Gogh’ at the China Merchants Heavy Industry (CMHI) yard in Shenzhen. The launch follows recent delivery of the diving support construction vessel (DSCV) Lichtenstein by the
Nam Cheong stops servicing debt amid restructuring talks
Nam Cheong, a Singapore-listed offshore vessel owner, on Thursday said it would temporarily stop repayment on all of the company’s borrowing, while it looks at the debt restructuring options. This means, Nam Cheong said, that the company will not be making payment of the next coupon payment due on J
Svitzer wins Moheshkhali LNG marine services job
Towage services specialist Svitzer has been chosen to provide marine support services for the Excelerate Energy FSRU in Bangladesh.
STX Offshore Bags USD 140 Mn Tanker Deal
South Korea’s STX Offshore & Shipbuilding has won an order for four 50,000 deadweight tonnage (DWT) midsize tankers as it steps up its efforts to business recovery. The order, worth USD 140 million, has been placed by a Greek owner Oceangold Tankers, according to Asiasis. The newbuild tankers, price
Svitzer Wins Work at Bangladesh’s 1st LNG Import Terminal
Excelerate Energy Bangladesh Limited (Excelerate) has awarded Svitzer a fifteen-year contract to provide marine support services at Bangladesh’s first liquefied natural gas (LNG) import terminal, to be located offshore Moheshkhali Island in the Bay of Bengal. Bangladesh’s first LNG import terminal w
Petronas ships first LNG cargo to Thailand’s PTT
Malaysian energy giant Petronas has delivered its first LNG cargo under a long-term sale and purchase deal to Thailand’s PTT on Thursday, July 20.
Report: Chittagong Congestion to Clear Up in Two Weeks
Bangladeshi port of Chittagong could soon clear up the congestion which started building up at the site in May 2017, local media said citing Chittagong Port Authority (CPA). Officials reportedly informed that the port plans to undertake a number of measures to deal with the issues which arose due to
Order Intake at Chinese Shipyards Down 29 Pct in H1
The influx of new orders at shipbuilding yards in China has dropped by 29 percent during the first half of this year, standing at 11.5 million DWT, resuming the downward trend. At the end of June, the order backlog stood at 82.24 million DWT, down 30.5% year on year, according to the figures release
Keppel Verolme’s Price Tag Revealed
Damen Shipyards Group has paid EUR 23.5 million (USD 27.6 million) for the acquisition of Keppel’s Verolme shipyard in the Netherlands, Keppel Offshore & Marine said in its half-year report. As disclosed by the company, the sale was part of Keppel O&M’s efforts “to rationalize its global yard networ
Rickmers Maritime Gets Delisting Approval
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, has received an approval to delist from the Singapore Exchange as part of its efforts to wind up the Trust. The move comes on the back of the company’s inability to make a reasonable exit offer to unitholders, whether by way of a v