South & Central Asia
PHOTO: Tuas Terminal Phase 1 Reclamation Works in Full Swing
DEME Group today released a photo of the Tuas Terminal Phase 1 (TTP1) reclamation works in Singapore. This drone photo of the TTP1 site, taken on 15 May 2017, shows the reclamation and caisson works for this mega-project proceeding apace. The shape of the future quay-wall slowly becomes visible as t
Report: Korean Shipowners Place Majority of Orders in China
South Korean shipowners have placed orders for the construction of thirteen vessels at Chinese shipyards so far in 2017, with only seven ships ordered at domestic yards, Yonhap News Agency cited industry sources as saying. In total, twenty ships have been ordered by South Korean shipping companies u
Sarawak state to buy stake in Petronas’ Bintulu LNG Train 9
Malaysia’s Sarawak State government has entered negotiations with Petronas to acquire a 10 percent stake in the ninth liquefaction train at the company’s Bintulu LNG complex.
Carriers Not Cashing In on Intra-Asia Container Trade Surge
Container traffic within Asia is flying according to trade statistics, but carriers are yet to feel the benefit, shipping analysts at Drewry say. As reported last week, container traffic surged ahead in the first quarter of 2017 by an estimated 10% thanks in large part to a rapid escalation in intra
Primerose Shipping Orders Bulker Duo in China
Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 dwt vessels are to be built by China’s state-owned CSSC Chengxi Shipyard. The shipbuilding contracts for two bulkers have been valued at USD 24.8 million each, and the vessels are said
SHI Wins Order for LNG Carrier Pair
South Korean shipbuilder Samsung Heavy Industries (SHI) has inked a contract with compatriot natural gas company Korea Gas Corporation (KOGAS) for the construction of two small-scale liquefied natural gas (LNG) carriers. Under the terms of the USD 100 million contract, the ships are expected to be d
Pacific Radiance forms Middle East JV with Allianz Offshore
Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz Offshore Middle East, forming a new company which will be involved in offshore vessel operations. The agreement between Pacific Radiance’s subsidiary, Crest Offshore Marine, and Allianz, a company in
Myint to invest in Myanmar offshore supply base
Myint & Associates Offshore Supply Base, a subsidiary of Myint & Associates Co., has received approval from the Myanmar Investment Commission to invest in an offshore supply base project. Myint said on Saturday it intends to build and operate its offshore supply base in Nga Yoke Kaung Bay area in th
COSCO Dalian Hands Over Panamax Bulker
China-based COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered bulk carrier newbuilding Flag Lama to a European owner. The 79,500 dwt vessel was handed over to Greek shipping company Golden Union, VesselsValue’s data shows. The Panamax bulker, which has a market value of US
Samsung Heavy bags small-scale LNG carrier duo build
South Korean shipbuilder Samsung Heavy Industries has been contracted to build two small-scale LNG carriers for KOGAS.
Swift wins communications deal for Prelude FLNG support vessel
Telecommunications provider Swift Networks has been awarded a contract by Pacific Offshore to provide content for the Arcadia vessel, supporting the commissioning of Shell’s Prelude FLNG facility.
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 15– May 21). Eni has started gas production from the Jangkrik Development Project, offshore Indonesia. Production from ten deepwater subsea wells, connected to the newly built Floating Production