South & Central Asia
Wison develops multi-functional LNG distribution vessel
Wison Offshore & Marine developed a multi-functional carrier named Wison-LNG-Distributor (LNGD) with a scalable capacity between 5000 to 20,000 cubic meters.
Report: GAIL looking to charter carriers for US LNG delivery
India’s gas utility GAIL will charter carriers on short-term contracts to transport liquefied natural gas from the United States to India.
Odfjell orders two LNG-ready chemical tankers
Norwegian shipping company Odfjell signed final shipbuilding contracts with China’s Hudong-Zhonghua Shipbuilding for the construction of two LNG-ready chemical tankers.
Petronet, Petrobangla sign Bangladesh LNG terminal deal
India’s largest importer of liquefied natural gas, Petronet, signed a heads of agreement with Bangladesh Oil, Gas and Mineral Corporation (PetroBangla) for the construction of an LNG project in Bangladesh.
Petronas seeks buyers for $1 billion offshore gas project stake – sources
Malaysia’s Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp , Thailand’s PTT Exploration and Production and Japanese firms, sources familiar with the matter said.
Damen Expands Footprint with Keppel Verolme Shipyard
The Netherlands-based Damen Shipyards Group has entered into an agreement with Singapore’s Keppel Offshore & Marine for the acquisition of the Keppel Verolme shipyard in the Rotterdam Botlek area. With the acquisition of the Verolme shipyard, Damen strengthens its repair and conversion activities wi
COSCO Shipping Holdings to Bounce Back to Profit in Q1
COSCO Shipping Holdings, the container arm of China Cosco Shipping Group, said in a stock exchange filing that it expects to return to profit for the three months ended 31 March 2017 recuperating from the net loss reported in the same period of last year. The net profit is estimated to be approximat
Odfjell Confirms Chemical Tanker Duo Order
Norwegian shipping and tank terminal company Odfjell has signed final shipbuilding contracts for the construction of two chemical tankers with Chinese shipbuilder Hudong-Zhonghua Shipbuilding. The tankers, which will have 40 stainless steel cargo tanks, will feature 38,000 dwt and a cargo capacity o
Singapore police investigating KS Energy executives
Top executives from Singapore’s energy services provider KS Energy have been questioned by a police department which deals with false trading and market rigging transactions. In a statement on Saturday, April 8 the company’s board informed that its Executive Chairman and Chief Executive Officer of t
Carnegie’s $6M capital raise nears deadline
Carnegie Clean Energy’s $6 million capital raising via share purchase plan (SPP), launched to support the delivery of project pipeline, will close in three days.
Wärtsilä Teams Up with Shipyards on BWMS Retrofitting
Finnish engineering company Wärtsilä has started working with a number of major shipyards in an effort to ease the retrofitting process of Ballast Water Management systems (BWMS). The agreements are intended to establish cooperation and communication between the parties in relation to the Internatio
Sovcomflot CEO: LNG to fuel future tanker industry
Liquefied natural gas (LNG) as fuel will play a significant role in increasing the environmental compatibility and efficiency of the large-capacity vessels in the future, according to Sovcomflot’s president and CEO Sergey Frank.