South & Central Asia
COSL picks GAC for support service in Malaysia
Oilfield services provider China Oilfield Services Limited (COSL) has appointed GAC Malaysia to provide a range of on- and offshore support services in Malaysia. Under the master services agreement signed by the two companies, GAC will provide rig lay-up services, crew management, warehousing, freig
Woodside CEO: LNG shortage looms unless no new investment decisions taken
The liquefied natural gas (LNG) market is heading toward a supply shortage unless investment decisions in new production projects are taken soon, Peter Coleman, Chief Executive of Australian LNG player Woodside said on Tuesday. “We are meeting at a time of transition for gas. There is an abundance o
AG&P unveils new LNG supply solutions
AG&P (Atlantic, Gulf and Pacific Company) unveiled two standardized modular designs for LNG supply network aimed at enabling last-mile delivery to LNG demand centers scattered across Southeast Asia, South Asia and the Caribbean.
Managing Thailand’s Public Water Sources
Thailand Government’s units have prepared guidelines for the management of public water sources in a public-private collaborative scheme, according to the National News Bureau of Thailand (NNT). Power will be transferred to local administrative organizations to tackle drought in each area. Permanent
Epic Gas Seals Refinancing Deal for 14 LPG Carriers
Singapore-headquartered owner and operator of gas carriers Epic Gas has closed a contract for a new USD 90 million facility intended to refinance 14 LPG carriers. The refinancing deal has been inked with ABN AMRO Bank N.V., DVB Bank SE Singapore Branch and Norddeutsche Landesbank. Epic Gas said that
Update: Growing Concern for 22 Missing Seafarers
There is little hope for the 22 missing crew members following the sinking of a South Korean very large ore carrier (VLOC) Stellar Daisy, Reuters reports citing Uruguayan Navy official. “The more hours pass, the less the chances are of finding them,” Gaston Jaunsolo, spokesman for the Uruguayan Navy
AET’s Aframax newbuilds to be fueled by LNG
Singapore-based shipowner AET said that up to four of its new Aframax tankers currently under construction with Samsung Heavy Industries (SHI) will be equipped with the LNG dual fuel systems.
POET unites Pacific marine renewables
A new organization called Pacific Ocean Energy Trust (POET) has been established to drive forward the development of marine renewable energy in the Pacific region.
Hyundai Heavy to invest over $3B in research & development following spin-off
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group will invest $3.1 billion in R&D by 2021. The announcement came on Monday as the South Korean giant hailed the first day as the four independent companies; Hyundai Heavy Industries; Hyundai Electric & Energy Systems; Hyundai Construction E
Petronas confirms first cargo load-out from Satu FLNG
Following reports last week that Petronas would be the first ever company to load out an LNG cargo from a floating LNG facility, this has now been confirmed by the company itself. In a statement on Monday, Petronas has confirmed that its first floating liquefied natural gas (LNG) facility, PFLNG SAT
SMC eyes tidal power for Philippines
San Miguel Corporation (SMC) is reportedly planning to invest over $3 billion to develop a tidal power plant in the Philippines.
OCEAN Alliance Starts Ploughing the Seas
CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new services through the OCEAN Alliance on Saturday, April 1. The OCEAN Alliance comprises a total of 323 ships with an estimated total carrying capacity of over 3 million TEUs, and will run f