South & Central Asia
Readers’ Picks of the Week (April 24-28, 2017)
Readers’ Picks of the Week (April 24-28, 2017)
Trio moves towards Guangzhou LNG terminal JV
Pacific Oil & Gas (PO&G) signed a letter of intent with Guangzhou Gas Group and Guangzhou Port for the development of the Guangzhou LNG peak-shaving terminal joint venture.
Top news of the week April 24-29
Höegh LNG takes delivery of seventh FSRU Norway-based floating LNG giant Höegh LNG took delivery of its seventh floating storage and regasification unit (FSRU) from Hyundai Heavy Industries. Ichthys LNG’s CPF sets sail for Australia, production start revised Ichthys Explorer, the central processing
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 24-30, 2017). Port Arthur’s Expansion Project on Display The Port Arthur is ready to hold mandatory pre-bid conference for the port’s Berth 5 Expansion Project. Trailing Suction Hopper Dredger Tommy Norto
Marshall Islands Court Denies Frontline’s Restraining Order Request
The Marshall Islands Court has rejected Frontline’s request for a temporary restraining order regarding matters relating to DHT’s acquisition of BW Group’s VLCC fleet, the court documents show. “The High Court issued its ruling denying Frontline’s request, which Frontline filed on April 27, 2017, af
NYK, K Line End Year in Losses, MOL Delivers Profit
Japanese Big Three shipping companies have posted mixed financial results for the fiscal year ended March 31, 2017, as only Mitsui O.S.K. Lines (MOL) wrapped up the year with profits. The worst hit was the Nippon Yusen Kabushiki Kaisha (NYK Line) which saw a net loss of JPY 265.7 billion at the end
Oil rebounds from one-month low on hopes for output cut extension
By Karolin Schaps LONDON (Reuters) – Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Optimism is rising about the prospect of a year-long productio
OPEC: Oil output cuts only two percent off target in March
The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the mo
SHI’s Profit Soars in Q1
South Korean shipbuilding major Samsung Heavy Industries (SHI) has joined the recovery drive of its two compatriots, DSME and Hyundai Heavy Industries, having posted a 350.8 percent jump in its operating profit for the first three months of 2017 year-on-year. Specifically, SHI’s operating profit for
Jan De Nul Splashes Another Newbuild in China
Jan De Nul’s new multipurpose vessel ‘Daniel Bernoulli’ has been launched from the slipway at the AVIC shipyard in China. It is the sister vessel of the recently launched ‘Adhémar de Saint-Venant‘. Several different equipment sets can be installed on the vessels, which will provide them with a capac
MPA, PSA Singapore Extend MOU on Port Technology R&D
The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MOU) with PSA Singapore to extend the MPA-PSA Port Technology Research and Development Programme (PTRDP) for a period of three years. First signed in 2011, the renewed MOU enhances the collaboration in resea
Jan De Nul’s Multipurpose Vessel Daniel Bernoulli Launched
Jan De Nul’s new multipurpose vessel Daniel Bernoulli, the sister vessel of the Adhémar de Saint-Venant, was launched in the AVIC Shipyard in China today. The company said in its announcement that these vessels will be able to perform a variety of functions: different mission equipment is available