South & Central Asia
VIDEO: Van Oord in the Maldives
Southwest of Sri Lanka in the Indian Ocean lies the Maldives, a country spread over some 1,200 small, sandy islands, only 196 of which are inhabited. One third of the country’s 350,000 inhabitants live in the capital of Male. The city is getting congested and there is not enough space to house the f
Partners Set Up Coal Transshipment Hub in Vietnam
An alliance of three partners will position a Floating Transfer Platform (FTP) in South Vietnam capable of discharging and loading all bulk carriers up to and including 210,000 dwt Newcastlemax. The partners, including Vietnam’s coal importer Welhunt, bulk carrier shipping firm Oldendorff Carriers a
Gulliver Leaves Shipbuilding Yard in China
Gulliver, Scaldis Salvage & Marine Contractors’ heavy lift, DP2 vessel, has left the ROC shipyard in Qidong, China, Royal IHC reports. The vessel is now en route to the Huisman yard in Xiamen for the installation of two cranes, each capable of carrying 2,000 tonnes. Scaldis ordered Gulliver, formerl
Petrobras in strategic partnership with CNPC
Petrobras CEO Pedro Parente and Vice President of CNPC and CEO of PetroChina Wang Dongjin on Tuesday signed a memorandum of understanding in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agreed to jointly evaluate opportunities in Brazil and abroad in key areas of
Changing tides could impact tidal renewable energy sites
The study of the impact of global sea-level rise on tides has found that tidal changes will have implications for existing and proposed tidal renewable energy sites.
Russia to start transporting gas to China via Power of Siberia pipeline in 2019
Gazprom’s head Alexey Miller and Wang Yilin, chairman of the board of directors of CNPC signed a supplementary agreement to the SPA for Russian gas deliveries to China via the eastern route.
South Korean quartet boasts major role in Coral South FLNG project
The Export-Import Bank of Korea (Korea Eximbank) said it will provide $1 billion in project financing for the Eni-led Coral South FLNG project offshore Mozambique.
STX Offshore & Shipbuilding Exits Court Receivership
The Seoul Bankruptcy Court decided on Monday to early finalize the receivership process of South Korea’s STX Offshore & Shipbuilding. According to the latest decision from the bankruptcy court, STX has made considerable progress in its economic recovery as it has adhered to the debt payment schedule
Yangzijiang Shipbuilding’s Orderbook Hits USD 133 Mn in Q2
Singapore-listed Yangzijiang Shipbuilding (Holdings) has bagged six effective orders in the second quarter of 2017 totaling in USD 133 million, the company said in a stock exchange filing on Monday. The six contracts include three 1,800 TEU boxships that were exercised from the existing options, whi
IMB: 87 Maritime Piracy Incidents in 1H, 2017
The first half of 2017 saw a total of 87 incidents reported to the IMB Piracy Reporting Centre compared with 97 for the same period last year, indicating a continuing decline in the number of reported incidents of maritime piracy and armed robbery against ships. Recording some of the lowest figures
ICTSI Manila Terminal Ready for Peak Season
The Manila International Container Terminal (MICT), operated by International Container Terminal Services (ICTSI), has seen a robust performance as the company gears up for the peak season. As of May, yard utilization at the MICT remained at 61 percent or well below the 70 percent ideal percentage.
Japanese firms taking stake in Ghana FPSO
Four Japanese entities have teamed up to buy a stake in an FPSO owning and leasing company, run by Malaysia’s Yinson Holdings. The four companies, Kawasaki Kisen Kaisha, Sumitomo Corporation, JGC Corporation, and Development Bank of Japan Inc, have signed a heads of agreement to jointly acquire 26%