South & Central Asia
Partners ink new offtake deal for Manora crude
Joint venture partners in the Manora oil field offshore Thailand have signed a new offtake agreement in relation to the marketing of crude from the field at an improved price. The Manora oil field is located in the G1/48 concession in the Gulf of Thailand where Mubadala Petroleum is the operator wit
EnerMech scores first crane contract in Malaysia
Engineering services specialist EnerMech has won its first contract for the provision of crane personnel in Malaysia. EnerMech said that it would provide training services and supply up to 70 offshore crane operators for an undisclosed ‘major’ oil and gas operator on projects located offshore in the
Petronas, Gas4Sea Partners Team Up on LNG Bunkering
Malaysian oil company Petronas has signed a non-binding agreement with Gas4Sea partners, comprising Engie SA, Mitsubishi Corp and Nippon Yusen KK to explore collaboration in promoting LNG as marine fuel, Reuters reports citing Petronas. Gas4Sea is a partnership created to jointly promote liquefied n
BDI Drops below 1,000 Mark
The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 threshold. The index broke the 1,000 mark in March this year driven by an increase in rates across the sector and managed to stay above the line for over two months. However, the market
COSCO Shipping Shutting Down Dormant Businesses
COSCO Shipping International (Singapore) has decided to strike off and formally dismiss two of its dormant subsidiaries, Cos Fair Shipping and Cos Glory Shipping. Namely, COSCO SHIPPING International said that an application was made to the Accounting and Corporate Regulatory Authority of Singapore
OES sums up ocean energy efforts at ExCo meeting
Ocean Energy Systems (OES) has shared the achievements in ocean energy sector during the Executive Committee (ExCo) meeting.
Petronas partners up with Gas4Sea to promote LNG as fuel
Malaysian energy giant Petronas signed a non-binding memorandum of understanding with Gas4Sea partnership to promote LNG as the preferred marine fuel.
ClassNK Launches Bunker Fuel Oil Analysis Service
ClassNK Consulting Service (NKCS), a subsidiary of Tokyo-based classification society ClassNK, has officially launched its Bunker Fuel Oil Analysis Service. “It is important to understand the properties of bunker fuel oil in order to ensure the safety of vessels and to prevent equipment failure. NKC
Compensation claims rise in POSH, Makamin spat
Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. POSH last year started legal action against Makamin, seeking $6.6 million owed for vessel charters. This claim was dismissed by Makamin, who then filed a counter lawsuit. More here: https://b
Offshore safety body completes Martin Linge probe report
Following an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South Korea, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has released the full audit report. It is common practice for the PSA to release the audit report be
OOCL Christens 21,413 TEU OOCL Hong Kong
Hong Kong-based container carrier Orient Overseas Container Line (OOCL) held a naming ceremony for the 21,413 TEU OOCL Hong Kong at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, on May 12. The 191,317 dwt OOCL Hong Kong has become one of the largest containerships in the world by ca
Höegh Autoliners Scraps MV Höegh Triton
Norway’s car carrier owner and operator Höegh Autoliners has sold its 1988-built Pure Car and Truck Carrier MV Höegh Triton for recycling, the company said. As informed, the vessel will be recycled at Jiang Men City Zhong Xin Shipbreaking & Steel Co. in China, under supervision by Grieg Green. “This