South & Central Asia
Eastern Dredging Association’s Seminar Takes Place in India
The Eastern Dredging Association EADA (India) has announced that their conference ‘Dredging: Ports, Harbors and Inland Waterways’ will take place on March 24, 2017 at ITC Kakatiya Hotel in Begumpet, Hyderabad. This workshop aims to develop, amongst contracting partners, a constructive approach for p
Tokyo Gas sales drop in February
Japan’s biggest city gas supplier, Tokyo Gas said its natural gas sales during February 2017 dropped 1.5 percent compared to the corresponding month a year before.
Oil hovers near three-month lows as investors await data
By Aaron Sheldrick TOKYO (Reuters) – Crude oil prices hovered near three-month lows on Tuesday, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) <CLc1> was down 7 cents at $48.33 a barrel, as of 07
Inpex transferring operations of Mahakam block offshore Indonesia to Pertamina
LNG project developer Inpex signed a number of agreements with Pertamina and Total to transfer operation of the Mahakam block offshore Indonesia.
DMCR Stops Chon Buri Dredging Project
The Department of Marine and Coastal Resources (DMCR) of Thailand has temporarily stopped the dredging operations on a waterway at the Hua Hin-Pattaya ferry pier. This dredging work is being undertaken by DMCR, with the main goal to create a channel for the new ferries operating across the Gulf of T
FTAI Offshore Wins Subsea Gig in South China Sea
Marine vessels owner/operator FTAI Offshore, a subsidiary of Fortress Transportation and Infrastructure Investors LLC, said it has secured a short-term charter to support the installation of subsea infrastructure. According to the company, the vessel will be contracted to provide marine and subsea c
KrisEnergy makes management changes in the wake of financial restructuring
KrisEnergy, an oil and gas company focused on operations in Southeast Asia, has made changes to its management and the board of directors. KrisEnergy said on Tuesday that the changes were made following the recent financial restructuring of the company. Kelvin Tang, currently VP Legal and President
Challenges and Solutions in 2017 Cruise Market
China’s rapid economic evolution has attracted more people to leisure travel opportunities and the number of Chinese passengers is expected to reach 4.5 million by 2020, representing more than 20 percent of today’s global cruise passengers, according to GE’s Marine Solutions. Some 130 million Chines
FTAI Offshore nets subsea vessel work off Malaysia
Offshore marine services provider FTAI Offshore, a subsidiary of Fortress Transportation and Infrastructure Investors (FTAI), has secured a short-term charter for one of its vessel for operations offshore Malaysia. According to the vessel operator, the Canadian-built DP-3 offshore construction vesse
Subsea Cable Repair Project Starts South of Sha Chau
Government of Hong Kong SAR Marine Department has informed that, with immediate effect and for a period of approximately 5 months, submarine cable repair works will be carried out South of Sha Chau island. The works will be carried out by one cable-laying barge, assisted by one flat top barge, one d
Value of Marine Freight Industry to Reach USD 210 Bn by 2021
The global marine freight industry is expected to return to 2014 levels by mid-2019 and reach a value of approximately USD 210 billion by 2021, according to the findings of research firm MarketLine. “The recovery in the industry is expected to be fueled primarily by a return of global demand as oil
North Korean Ship Sinks off China, 27 Crew Rescued
Twenty seven crew members were rescued from a North Korean general cargo ship identified as Kum San that sank on March 9, having collided with a Chinese fuel tanker off the east coast of China, Reuters reported citing the country’s Transport Ministry. As informed, the Chinese vessel did not sustain