South & Central Asia
11 Indian Crew Rescued from Sunken Ship
Eleven crew members of MV ITT Panther cargo ship were rescued after their ship sank some 200 nautical miles from Port Blair, on Thursday, July 20, India’s Defence Ministry said. The crew managed to send a distress signal to the Coast Guard once their ship started listing beyond control only to capsi
HHI’s Shipbuilding Orders Up by 67 Pct in H1
The shipbuilding orderbook value for the first half of this year of South Korean shipbuilding major Hyundai Heavy Industries (HHI) totaled in USD 1.65 billion, up by 67 percent when compared to last year’s figures. HHI said in its interim report for the first six months of this year that the group’s
Philippines shortlists possible LNG project partners
Six countries have been shortlisted by the Philippines as possible partners for a $2 billion LNG import facility, with only one to be chosen eventually.
Keppel O&M profit sinks amid prolonged downturn
Singapore’s offshore builder Keppel Offshore & Marine experienced a decline in both profit and revenues during the second quarter 2017 affected by lower volume of work amid prolonged downturn. Keppel Corporation on Thursday posted financial results for the second quarter of 2017 according to which r
ITF: Bramco 1 Crew Still Left High and Dry
The crew of the Bahrain-flagged oil products tanker Bramco 1 has been faced with a two-year ordeal having been abandoned amid a dispute between the shipowner in Bahrain and the COSCO shipyard in Guangzhou, China, with no end of their nightmare in sight, the ITF said. “The three Myanmar and two Bangl
Cargotec’s Macgregor wins Moheshkhali LNG job
MacGregor, a Cargotec company, has been contracted to provide services for the mooring and riser system for the Moheshkhali floating liquefied natural gas (LNG) terminal.
MacGregor Bags Order for Moheshkhali FSRU
MacGregor, part of Cargotec, has signed an order for on-vessel equipment, product fabrication, engineering and project management for a complete mooring and riser system that will serve Moheshkhali floating liquefied natural gas (LNG) terminal. The delivery will be completed in the second quarter 20
Clarksons: Global Shipyard Capacity Down by 62 Pct
The number of active shipyards on a global scale has dropped by 62 percent since the beginning of 2009, according to Clarksons shipping consultancy. Specifically, there was a total of 358 active yards, defined as having at least one unit under construction, as of July 2017, a slashed figure when com
Australia names new CEFC board
The Australian government has named Steven Skala as the Chair of the Clean Energy Finance Corporation (CEFC), with several other appointments made to the CEFC board.
Shanghai Stock Exchange Grills COSCO Shipping over OOIL Deal
COSCO Shipping Holdings has received a letter of inquiry from the Shanghai Stock Exchange asking clarity on the company’s “significant assets reorganization” and asset acquisition, mainly the purchase of Hong Kong-based rival Orient Overseas International Limited (OOIL). The offer, made to all share
Chubu, Inpex to start power supply to more city gas companies
Japan’s utility Chubu Electric and LNG project developer Inpex are set to start delivering wholesale electricity to city gas companies Ueda Gas, Nagano toshi Gas and Honjo Gas.
Suretank helifuel tanks for two rigs in Gulf of Thailand
Suretank, a provider of engineered solutions to the offshore o&g industry, has manufactured and delivered specialized helifuel re-fuelling tanks and jettison skids for two rigs operating in the Gulf of Thailand. Suretank said on Tuesday that the equipment was manufactured for offshore driller Shelf