South & Central Asia
Eni recruits engineering staff from Orion
Orion Group, a personnel specialists, has signed a multi-million pound contract to provide expert engineering staff to the Italian energy giant Eni. The company, an international recruitment expert across the engineering industry, is one of three appointed to deliver Eni’s ‘contract for provision of
Gallery: Maersk Names H-Class Newbuild
Image Courtesy: Maersk Danish shipping giant Maersk Line has named its new H-Class ship, Maersk Horsburgh, in South Korea. The ultra large container vessel (ULCV) was built at Korean Hyundai Heavy Industries shipyard. With a deadweight of 162,100 tons, the newbuilding features a length of 353 meters
Drewry: COSCO-OOCL Entity Would Be World’s 3rd Largest Carrier
The latest shipping market combination between COSCO Shipping Holdings and Orient Overseas International Lines (OOIL) would become the world’s third largest container carrier if finalized, according to shipping consultancy Drewry. The entity, which would have a combined fleet of 400 vessels operated
Woodmac: Number of upstream FIDs set to double in 2017
This year might be a turning point when it comes to the number of expected final investment decisions for upstream projects, according to Wood Mackenzie, an energy intelligence firm. According to a recent Wood Mackenzie report “A big year for FIDs: 2017 marks a turning point”, the number of upstream
Spot LNG price arriving in Japan hits 10-month low in June
The average price of spot LNG arriving in Japan during the month of June was at $5.6 per mmBtu, reaching a 10-month low.
Bangladeshi Scrapping Tax Revoked
The prohibitive taxes announced in Bangladesh’s recent budget will be reversed for the next two years, at the very least, cash buyer of ships for recycling GMS said. Members of the Bangladesh Ship Breakers Association (BSBA) had reportedly lobbied the finance ministry since the initial announcement
Triyards to Deliver Loss for Q3
Singapore-based Triyards Holdings Limited informed that it expects to report a net loss for the third quarter of the 2017 fiscal year ended May 31. In the company’s profit guidance, released with respect to the unaudited consolidated financial results for the quarter, Triyards’ board said that expec
India Starts Building LNG Import Terminal in Dhamra
India has taken a step toward increasing seaborne imports of liquefied natural gas (LNG) as the country held a ground breaking ceremony for the construction of an LNG terminal in Bhadrak. Officials informed that cargoes carried from the US, Canada and Qatar would be delivered to the INR 60 billion (
GALLERY: Randgrid FSO sets sail for Gina Krog field
Offshore Energy Today reported last week that the FSO destined for the Gina Krog field offshore Norway, had begun its long journey from Singapore. However, the images of the completed vessel were not made available by Teekay until after the article was published, so here’s a gallery now. The unit le
Ichthys LNG FPSO to depart South Korea soon
Ichthys Venturer, the Ichthys LNG project’s floating production, storage and offloading unit (FPSO), is preparing to depart the Daewoo Shipbuilding & Marine Engineering (DSME) yard in South Korea.
HMM, SNP Partner Up on Vietnam Port Development
South Korean shipping company Hyundai Merchant Marine (HMM) has signed a memorandum of understanding (MOU) with terminal operator Saigon Newport Corporation (SNP) for joint cooperation on port development in Vietnam. The signing ceremony took place at Cat Lai Terminal in Ho Chi Minh City, Vietnam, o
China, Russia Team Up on Ice Silk Road
China and Russia have reached an agreement to jointly build an “Ice Silk Road” along the Northern Sea Route, according to China’s Belt and Road Portal. China’s President Xi Jinping and Russian Prime Minister Dmitry Medvedev agreed to work on the matter during a meeting in Moscow, Russia on July 4, 2