South & Central Asia
PHOTO: Van Oord Duo in Kaohsiung, Taiwan
Since early 2016, Van Oord has been working on one of Taiwan’s largest land reclamation projects, the Port of Kaohsiung expansion scheme. The port, largest and most important in Taiwan, each year welcomes more than 10 million containers, which are transshipped through this port. In the past, the por
WA Labor party $19.5M wave farm pledge sparks CCE’s interest
Carnegie Clean Energy (CCE) has shown interest for the development of Albany wave farm that received Au$19.5 million commitment from the Western Australia’s (WA) Labor party should they be elected in March.
ZIM Broadens Asia – Pacific North West Scope
Israeli container carrier Zim Integrated Shipping Services (ZIM) is to add the second Asia – Pacific North West service in April 2017 if the company gets an all-clear from the US Federal Maritime Commission (FMC). The new service will be named Zim Pacific North (ZPN) and will have the following rota
Moody’s says LNG prices to remain capped beyond 2020
Ratings agency Moody’s expects global liquefied natural gas (LNG) prices to remain constrained beyond 2020 as a wave of fresh supply capacity comes online at a time when demand from the world’s largest importers is weakening. Strong LNG demand growth from China, India and new markets would not be en
MHI-MME Makes 80 LNG Carriers Low Sulfur Fuel Ready
Japan’s Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME) has completed main boiler retrofit work on 80 Liquefied Natural Gas (LNG) carriers which is said to enable these vessels to run safely on low sulfur fuel. International Maritime Organization (IMO) Maritime Environment Protection
China’s LNG imports rise almost 40 pct in January
Liquefied natural gas (LNG) imports into China, the world’s largest energy consumer, rose 39.7 percent in January as compared to the same month a year before, according to the General Administration of Customs data. China’s LNG imports increased to 3.44 million mt in January, the second-highest mont
Enesel Orders VLCC Pair at HHI
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an order for construction of two 300,000-ton very large crude carriers (VLCC) from Greek shipowner Enesel, Korean news site Pulse reported. As disclosed, the newbuildings are expected to be delivered in the second half of 2018 and
Clarksons: Boxship Deliveries Entering Moderate Era?
As containership deliveries dropped from the record 1.7 million TEU in 2015 to just 0.9 million TEU in 2016, the boxship sector could enter a new era of less robust fleet growth if deliveries remain at moderate levels, Clarksons Research said. The slowdown in boxship deliveries in 2016, alongside re
Fincantieri Confirms Chinese Cruise Ship Order
Italy’s Fincantieri has entered into a binding Memorandum of Agreement (MoA) with China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc for the construction of two cruise ships, with an option for additional four vessels. The deal, subject to several conditions, has a value of a
Sembcorp Marine swings to profit despite dive in revenues
Singapore’s rig builder Sembcorp Marine returned to profit for the fourth quarter 2016, versus the year-before period, despite decrease in revenue, which was mainly due to lower recognition for rig building projects resulting from delivery delays. SembMarine on Wednesday posted a net profit of S$34
SapuraKencana Inks $1.5 Bln Financing Deal
SapuraKencana has completed the signing of a 7-year multi-currency financing facilities of approximately USD 1.5 billion equivalent with a consortium of Malaysian, regional and international banks. The proceeds raised from this facility should be utilised to partially refinance its wholly-owned subs
SapuraKencana gets $1.5B financing facilities to refinance debts
Malaysia-based oilfield services company SapuraKencana has signed seven-year multi-currency financing facilities of approximately $1.5 billion equivalent with a consortium of Malaysian, regional and international banks to refinance its debts. The Malaysian company informed on Wednesday that the fina