South & Central Asia
Pavilion Energy, Petronas join forces in LNG trading
Singapore-based Pavilion Energy, a Temasek company, signed a deal with Malaysian state-owned Petronas to collaborate in the liquefied natural gas (LNG) business. Under the memorandum of understanding signed on March 30, Pavilion Gas and Petronas LNG, both units of the two companies, will collaborate
Offshore Wind Capacity: World – 14.1GW, Europe – 12.5GW
According to the latest statistics released by the International Renewable Energy Agency (IRENA), 2016 ended with a total of 14,081MW of offshore wind capacity in the world, 12,471MW of which has been installed in Europe.
Bangladesh Splashes Its Largest Vessel Built to Date
Bangladeshi shipbuilding company Western Marine Shipyard launched the first of ten 8,000 dwt mini bulk carriers, JSW Pratapgad, in Chittagong on March 29, 2017. With a length of 122 meters, the bulker is the largest vessel built so far in Bangladesh, marking a milestone in the country’s emerging shi
China Suspends Investigation in 18 Carriers
China’s National Development and Reform Commission (NDRC) has suspended its investigation into a number of container shipping giants as it allowed the companies to settle by lowering their charges. The investigation, which included up to 18 container carriers, was dropped after the firms said they w
Hyundai Heavy Industries develops new LNG regas system
South Korean shipbuilding giant Hyundai Heavy Industries said it has developed a new liquefied natural gas (LNG) regasification system. The shipbuilder on Friday held a demonstration ceremony for the installation of the regasification system using glycol at a 170,000-cbm floating storage and regasif
Japanese Shipbuilders Step Closer to Building Alliance
Japanese shipbuilding company Mitsubishi Heavy Industries (MHI) has reached an agreement in principle with its compatriot counterparts Imabari Shipbuilding and Namura Shipbuilding related to the ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward conc
Bassoe: Too much debt, let’s reset – the emergence of low-cost drilling contractors
Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now emerging and will be a competitive force toward owners who are still restricted by high debt and legacy costs. By David Carter Shinn With around $3.7 billion in debt and a fleet of 11 drill
Shell inaugurates new technology centre in India
The Hague-based LNG giant Shell on Friday opened a new technology hub in Bangalore, India, expanding the company’s research and development activities in Asia. The 52-acre, custom built technology centre can house up to 1,500 experts working collaboratively on projects worldwide. Shell Technology Ce
Emas hit with two charter claims
Emas Offshore is now being pressed to pay its debts arising from charter terminations for two vessels, the Lewek Toucan and the Lewek Pelican. On March 17 Emas received charter terminations for the two vessels from its respective owners, Seabird Penguin Offshore Limited and Seabird Pelican Offshore,
Royal IHC Launches TSHD Shanti Sagar 17 for Adani
The launch ceremony of SHANTI SAGAR 17 – an 8,000m³ standardized trailing suction hopper dredger (TSHD) – took place today, 31 March, at Royal IHC’s shipyard in Krimpen aan den IJssel, The Netherlands. This is the first of two Beagle 8 TSHDs for Adani – the second (SHANTI SAGAR 18) is scheduled to b
HR Wallingford to Support Expansion of DCI Dredging Activities
HR Wallingford has been awarded a contract to work in partnership with M/S Dredging Solutions to support the expansion of the dredging activities of the Indian Government-owned Dredging Corporation of India (DCI). Working as Technical and Project Consultants, HR Wallingford will share its expertise
Gazprom Neft, ONGC Videsh sign joint offshore exploration deal
Gazprom’s subsidiary, Gazprom Neft, has signed a memorandum of understanding with India’s ONGC Videsh on joint implementation of offshore projects. Gazprom Neft and ONGC Videsh, a subsidiary of India’s Oil and Natural Gas Corporation, signed the deal in the presence of the Russian Minister of Energy