South & Central Asia
Philippine Ports Authority Starts Year on a High Note
The Philippine Ports Authority (PPA) has reported a surge of 34 percent in its net income which stood at PHP 2.3 billion (USD 46.3 million) for the first quarter of 2017. The figure is higher by 32.8 percent against the target of PHP 1.78 billion. The company’s net income for the same three-month pe
BP, RIL to develop gas fields off India
The UK-based energy giant BP and Reliance Industries intend to develop deepwater gas fields already discovered off India, as part of an agreement to expand their partnership.
Kim Heng scoops AHTS trio for fraction of cost
The Singapore-based firm Kim Heng Offshore & Marine has completed the purchase of three anchor handling tug supply (AHTS) vessels for a total consideration of $9.6 million. Namely, Kim Heng bought the 10,800 bhp AHTS trio Swiber Anne-Christine, Swiber Else-Marie, and Swiber Mary-Ann. The ABS Class 1
IADC Webinar on Insurance Act 2015 Set for June 21
The International Association of Dredging Companies (IADC) has announced that their webinar, named Insurance Act 2015 – Duty of Fair Presentation of Risks to Insurers, will take place on June 21, at 14.00 hrs (CET). The speaker, Mr André Meijer, has over 50 years of experience in the marine insuranc
Bangladesh: Radioactive Waste Found on Maersk’s FPSO, Scrapping Stopped
The High Court of Bangladesh has halted the breaking of the floating oil production and storage tanker, North Sea Producer, following discovery of radioactive substances aboard the vessel. The radioactive substances accumulated over the years of processing crude oil were found in inside pipes, with
Workers in flip-flops dismantling radioactive FPSO
Maersk’s former floating production vessel North Sea Producer has hit the headlines again after high levels of radioactive materials were found on the vessel being scrapped at a Bangladeshi shipyard. DanWatch, a Danish independent investigative and research center, has previously reported that the s
Petrobangla signs LNG MoU with AOT Energy
Bangladesh Oil, Gas and Mineral Corporation (PetroBangla) signed a memorandum of understanding with Zug-headquartered AOT Energy for LNG procurement.
Big Win for MAN Diesel & Turbo
In just four months, MAN Diesel & Turbo has won contracts for four Chinese dredger newbuildings. Chinese outfits CHECD, Jiangsu Haixin and Huanghua Port Bureau recently chose MAN medium-speed engines for the new trailing suction hopper dredger (TSHD). CHECD CHECD (CHEC Dredging Company Ltd.) – a sub
Ship Sinks off Malaysia, Two Missing
Two seafarers are believed to be missing after a cargo ship sank in the Malacca Strait in the morning hours of June 14, Malaysian Maritime Enforcement Agency informed. As disclosed, the Indonesia-flagged KM Avatar sank some eleven nautical miles from Tanjung Kling. Thirteen crew members were rescued
ReCAAP: Asian Maritime Crimes Halved in May
A total of six actual incidents of piracy and armed robbery against ships were reported in Asia in May 2017, representing a drop of almost 50% compared to the same period in 2016, Asian piracy watchdog ReCAAP ISC reported. Of the six incidents, one was a piracy incident in the South China Sea (SCS)
BP: global natural gas output stalls, LNG on the rise
Natural gas production worldwide last year recorded the weakest growth in almost 34 years as liquefied natural gas (LNG) trade rose and continues the upward trend, according to a report by energy giant BP. Global gas production increased only 0.3 percent to 21 bcm in 2016, the weakest growth in gas
Maersk Supply Service Puts Off Newbuild Deliveries
Maersk Supply Service has entered into agreements with two yards to postpone delivery of five anchor handling new-buildings and four subsea support vessel new-buildings. Namely, the company has agreed to postpone delivery of five anchor handling vessels under construction at Kleven Yard in Norway an