South & Central Asia
CGG completes processing of seismic data offshore the Philippines
French geophysical services company CGG has completed processing of the Carabao regional multi-client study acquired offshore the Philippines. CGG said on Wednesday that the study integrated over 8,500 kilometers of new broadband pre-stack time-migrated 2D BroadSeis data and complementary marine gra
Kidnapped Vietnamese Seafarer Killed by Abu Sayyaf
A Vietnamese seafarer who was kidnapped on February 19th by Abu Sayyaf, an affiliate to the ISIS Islamic terror group, together with five other crew members of the Vietnamese-flagged bulk carrier MV Giang Hai was killed while trying to escape his captors. The information was confirmed by the Joint T
Five Hanjin Bulkers Sold for USD 125 Mn
Five bulk carriers, owned by the former South Korean shipping giant Hanjin Shipping, have been sold to multiple shipowners for a total of around USD 125 million, according to data provided by VesselsValue. Namely, Hanjin’s Panamax bulk carrier duo, Hanjin Port Kamsar and Hanjin Hadong, were purchase
Clarksons: Japan’s Orderbook Sees Slowest Decline Rate
Amid the current muted shipbuilding market the Japanese orderbook has shown its endurance and recently surpassed its South Korean counterpart in size for the first time since 1999, according to Clarksons. While the orderbook is shrinking for all of the Big Three builder countries, the Japanese order
India approves use of LNG as fuel for transport
India’s ministry of the road, transport, and highways has given the green light for the use of liquefied natural gas (LNG) as fuel for road vehicles.
South Korea ups February LNG imports
South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 20 percent in February year-on-year. The country imported 3.60 million mt of LNG in February, as compared to 3.0 million mt in the corresponding month the year before, according to the customs data. Sout
South Korea to Recover Sewol Wreck in Early April
The wreck of the Sewol ferry, which sank almost three years ago with over 300 people on board, may emerge from the water by April 5, South Korea’s Ministry of Oceans and Fisheries (MOF) said. The 6,825-ton ship sank off Jindo Island on April 16, 2014, killing 304 people, 250 of which were high schoo
Successful Policy Transitions and LCoE Gains Key for Wind Industry’s Future
The global wind power industry added 52.4GW of capacity in 2016 and 627GW could be added from 2017 to 2026, as MAKE expects a compounded annual growth rate (CAGR) of 3% for the period. However, the global outlook is heavily dependant on policy transitions and LCoE.
Successful Policy Transitions and LCoE Gains Key for Wind Industry’s Future
The global wind power industry added 52.4GW of capacity in 2016 and 627GW could be added from 2017 to 2026, as MAKE expects a compounded annual growth rate (CAGR) of 3% for the period. However, the global outlook is heavily dependant on policy transitions and LCoE.
APL to Add New, Modify Existing Three Services
Singapore-based container shipping company APL plans to launch three new weekly services and revise its Latin America services network. The three new services are Japan Straits Express (JSX), Japan Express (JPX) and China Southeast Asia Service 5 (CS5). The JSX service will link the Kanto and Kansai
Shell hands out global engineering services deal to CH2M
Engineering company CH2M has signed a framework agreement with Shell to provide engineering, procurement, construction and project management services across upstream, integrated gas, and downstream projects globally. This is in line with continuing efforts to make transformational improvements in c
2M, HMM Officially Launch Cooperation Deal
The heads of Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) signed an agreement on March 15 thereby officially launching the parties’ strategic cooperation on East-West trades. This strategic cooperation between 2M and HMM, has a length of three years with an ext