South & Central Asia
Sentinel’s new ERRV set for Mariner field deployment
Sentinel Marine, a Scottish provider of offshore support vessels, has taken delivery of a new emergency response and rescue vessel. The 65 meters long, 16.6 meters in wide ERRV vessel has been delivered by China’s Cosco Guandong Shipyard. The Mariner Sentinel has been custom built for Statoil, which
Cost overrun on Ichthys LNG project to be minimal
Cost overruns on the Inpex-led Ichthys liquefied natural gas project (LNG) will be minimal despite the start-up being pushed back by up to six months from the previous target of Q3 2017.
HMM to Buy Algeciras Terminal Stake for USD 104 Mn
South Korean shipping giant Hyundai Merchant Marine (HMM) has reached an agreement to buy a 100 percent stake in Spain’s Total Terminal International Algeciras (TTIA). Under the deal, which will be officially signed on May 15, the company will pay KRW 117.6 billion (USD 104.1 million) for the stake
Tasmania to host AWTEC 2020
Tasmania has won the bid to host Asian Wave and Tidal Energy Conference (AWTEC) 2020.
Atlantis partners up with Hyundai for South Korean tidal
Atlantis Resources has formed a strategic partnership with South Korean offshore construction giant Hyundai Engineering & Construction for the development of ocean energy projects globally.
K Line to Merge Two Ship Management Firms
Japan’s shipping company Kawasaki Kisen Kaisha (K Line) has decided to merge two of its ship management subsidiaries, Taiyo Nippon Kisen and Escobal Japan, on July 1, 2017. The company informed that the businesses are tentatively scheduled to be renamed K Line RORO and Bulk Ship Management on April
Japan’s spot LNG prices continue to drop
The average price of spot LNG for delivery into Japan that was contracted in April 2017 was at US$5.7 per mmBtu.
CIP in 1.5GW Offshore Wind Push in Taiwan
Danish fund management company Copenhagen Infrastructure Partners (CIP) has acquired three offshore wind sites under development in Taiwan with a combined capacity of 1,500MW.
OPEC sees much higher oil supply from rivals in 2017
By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. In a monthly report, the Organ
Bangladesh to develop LNG fueled power plant
The state-owned North-West Power Generation Company issued an invitation for pre-qualification for the engineering, procurement, construction and commissioning of a Rupsha 800 MW power plant.
Petronet LNG’s profit jumps
Petronet LNG, India’s largest importer of the chilled fuel, on Tuesday reported an increase in profit for the quarter ended March 31.
Vessel owner files for wind up of Emas Offshore’s subsidiary
A winding up application has been filed against Emas Offshore’s subsidiary, Lewek Champion Shipping, related to debts for the Lewek Champion vessel charter. Emas Offshore reported on Tuesday that the owner of the Lewek Champion pipelay construction vessel, Hai Jiang 1401, filed the winding up applic