South & Central Asia
Readers’ Picks of the Week (March 27-31, 2017)
Readers’ Picks of the Week (March 27-31, 2017)
Top news of the week Mar. 27-Apr. 1
DSME: world’s first Arctic LNG carrier completes ice trials South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) said the world’s first ice class LNG carrier, Christophe de Margerie, completed the ice trials in the Arctic Ocean. Update: Petronas’ floating LNG producer load
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 27-April 2, 2017). Damen Completes Repair Work on TSHD Leiv Eiriksson Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two Jan de Nul’s vessels. Gothenburg Testi
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 27 – April 02). Norwegian oilfield services player Aker Solutions has reduced its workforce by some 4,800 since 2014. According to the company’s latest corporate responsibility report, total sta
Sewol Wreck Transported to Port of Mokpo
The wreck of the ill-fated Korean ferry Sewol has been transported to the Port of Mokpo where it would be inspected for the remains of the missing passengers, the Associated Press reports. The corroded hull of the ferry was lifted from the seabed in the morning hours of March 23 following overnight
Pan Ocean Records More than Twofold Profit Jump
Korea’s shipping company Pan Ocean recorded USD 83 million in profit for 2016, more than doubling its profit posted a year earlier that came at USD 34 million. The profit surge was recorded despite poor dry bulk market. However, the company expects the market to revive as more bulkers are projected
APL Unveils Maiden Sailings with OCEAN Alliance
As part of the OCEAN alliance, Singapore-based shipping company APL flagged-off the first sailings of the Pacific Gulf Loop 6 (PG6) service bound for Houston from Singapore, and the Far-East Express 1 (FX1) service heading for Southampton from Xingang. These maiden sailings kick-start APL’s voyage w
MOL Reports USD 183 Mn Extraordinary Loss
Japanese shipping major Mitsui O.S.K. Lines has booked an extraordinary loss worth JPY 20.5 billion (USD 183 million) for the fourth quarter of FY2016, the company said in an announcement. The impairment loss on fixed assets in containership business, namely vessels, is ascribed to low spot freight
Rickmers Trust Management Prepays Debt to BNP Syndicate
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, has carried out a voluntary prepayment of loans worth USD 5 million. The payment relates to the senior loan facilities extended by the BNP Syndicate, comprised of BNP Paribas, ING Bank NV, Singapore Branch, The Bank of Nova Scotia
SGX, Tullett Prebon launch spot LNG index for Dubai, Kuwait and India
Singapore Exchange and London-based interdealer broker Tullett Prebon have launched a liquefied natural gas (LNG) spot index for Dubai, Kuwait and India. The collaboration, that was announced earlier this year, seeks to “enhance price discovery and risk management” in one of the fastest-growing regi
Oil retreats, set to become worst-performing asset in first quarter
By Karolin Schaps LONDON (Reuters) – Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts. Brent crude futures
Update: Petronas’ floating LNG producer loading first cargo
Malaysian energy giant Petronas is expected to export the first ever liquefied natural gas cargo produced by its floating LNG unit.