South & Central Asia
Japan: power companies boost LNG use in Nov on month
Liquefied natural gas (LNG) use by Japan’s power companies rose 10.9 percent in November when compared to the previous month. The power companies consumed 4.56 million mt of LNG in November, as compared to 4.12 million mt in October, the preliminary data from the Ministry of Economy, Trade and Indus
Cosco Corp Snatches Deal for Boxship Trio
Cosco (Guangdong) Shipyard, a subsidiary of shipbuilding and dry bulk shipping firm Cosco Corporation (Singapore), has entered into a contract to build three 1,750 TEU container vessels. Ordered by an undisclosed European owner, the boxships are scheduled for delivery in the fourth quarter of 2019 a
OFE: Asian VLCC Rates to Continue Falling
Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on Tuesday, according to Ocean Freight Exchange (OFE). The drop comes on the back of S-Oil placing its tanker Australis on subs for an AG/Onsan run at w54.75, as charterers “went for the jugu
SapuraKencana wins new batch of contracts worth $97M
Malaysian oilfield services company SapuraKencana has been awarded several contracts with a combined value of approximately RM 433.6 million or $97.46 million. The company recently proposed to change its name to Sapura Energy Berhad, which is subject to the approval from the shareholders. SapuraKenc
Vinalines Chosen for Port, Shipping and Logistics Projects
Vietnam National Shipping Lines (Vinalines) has been assigned a large number of port, shipping and logistics services construction projects by the Government of Vietnam. The investment, development and business and production plans, which were approved on February 27, are set to boost Vinalines’ pre
IADC Introduces March 2017 Edition of Terra et Aqua
The International Association of Dredging Companies (IADC) has just introduced the March 2017 edition of Terra et Aqua. Terra et Aqua is a quarterly publication of the International Association of Dredging Companies, emphasizing “maritime solutions for a changing world”, IADC said. It covers the fie
European Commission Clears Formosa 1 Deal Between DONG, Macquarie and Swancor
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa 1 International Investment of Taiwan by DONG Energy, Australia’s Macquarie and Swancor Holding of Taiwan.
DSME Clinches Order for Up to Four LNG Carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received a contract to build two liquefied natural gas (LNG) carriers for an undisclosed Marshall Islands-based shipowner. According to the company’s stock exchange filing, the order for the two 173,400 cbm LNG carriers is worth K
DSME nets ME-GI LNG duo order
Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea booked an order for two LNG carriers with an option for two additional vessels in the future.
Primeline settles Zhejiang Gas dispute after ‘long and hard battle’
China-focused E&P company Primeline Energy has settled its dispute with Zhejiang Natural Gas Development Company in relation to the gas sales contract (GSC) for LS36-1, off China. The company has been in dispute with Zhejiang Gas regarding the price payable under the gas sales contract. According to
Bangladesh Eyes Greener Ship-Recycling
In an effort to make the country’s ship-recycling facilities greener and more sustainable, the Government of Bangladesh is seeking international partnerships and financial support. The move follows the completion of the first phase of a project aimed at improving safety and environmental standards w
L&T Hydrocarbon Engineering Strikes Shell EPCM Deal
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed an enterprise framework agreement (EFA) for providing engineering, procurement and construction management (EPCM) services for Shell projects in the Middle East, South East Asia and India. The EFA is f