South & Central Asia
Window Is Closing on Offshore Energy Awards Nominations
Individuals and companies working in the offshore energy industry have until next Friday, 30 June, to send their nominations for this year’s Offshore Energy Awards which will be presented during the Offshore Energy Exhibition & Conference 2017(OEEC) in Amsterdam.
Shell picks up Aban jack-up for Brunei work
India’s Aban Offshore has been awarded a five-year contract plus options for one if its jack-up rigs by Shell in Brunei. According to a Friday statement by Deep Drilling 1 PTE. LTD, Aban’s subsidiary, the contract has been entered into for the deployment of the jack-up rig Deep Driller 5 (DD5) offsh
Korea Line Corp to ship US LNG for Kogas
South Korean shipping company Korea Line Corporation (KLC) on Friday signed a contract to transport LNG for Kogas from the United States to South Korea.
ABTO: Liquefaction Testing Is Inadequate
The Association of Bulk Terminal Operators (ABTO) has called for a complete overhaul of the cargo sampling and liquefaction testing protocols for raw ores and less common cargoes, such as nickel ore, fine wet coal and bauxite. According to Professor Mike Bradley, a member of the advisory panel to AB
Korea Line Clinches LNG Shipping Deal from KOGAS
Korean shipping major Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to transport liquefied natural gas (LNG) for its compatriot Korea Gas Corporation (KOGAS). Under the 20-year deal, signed on June 23, the company said that it would transport the cargo throu
Petronas adds more time to Perisai rig contract
Perisai Petroleum has been awarded a contract extension for the jack-up drilling rig Perisai Pacific 101 by Malaysia’s state-owned oil company Petronas. Perisai’s 51% subsidiary, Perisai Offshore, has been awarded the extension to the contract, secured on May 8, 2014, which required the provision of
Kogas to receive first Sabine Pass LNG cargo
South Korea’s Kogas is reportedly set to receive the first cargo of liquefied natural gas (LNG) from Cheniere’s Sabine Pass export plant in Louisiana under a long-term contract.
Fitch: Traffic Growth in Ports to Remain Muted
Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, according to Fitch Ratings. Global port traffic growth has slowed in recent years due to a mix of mostly structural
Greenship Bulk Trust to Shut Down Its Business
Singapore-based Greenship Bulk Trust has decided to close down its business following the delivery of its last vessel, repayment of the loan in principal and interest and distribution of the second tranche of the sale proceeds. The company is currently in the process of selling its entire fleet of f
Oceangold Linked to MR2 Tanker Order
Greece-based shipping company Oceangold Tankers has reportedly placed an order for a pair of MR2 tankers at the South Korean shipyard STX Offshore. Featuring 50,000 dwt each, the new tankers are scheduled to join their owner in 2019, according to data provided by VesselsValue. Oceangold is said to b
ONGC matches its pre-monsoon rig move record
India’s Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its pre-monsoon rig move record set last year offshore India. The marine and offshore engineering consultancy firm Aqualis said that the ONGC executed a total of 33 jack-up rig moves in April, M
Military Rescues Seafarer of Royal 16 Kidnapped in November 2016
Philippine government troops have rescued one crew member of the Vietnam-flagged bulk carrier Royal 16 who was held in captivity for more than seven months, ReCAAP ISC informed. While conducting military operations, the troops recovered the seafarer in Sumipsip, Basilan, Philippines. On November 11,