South & Central Asia
Report: Thailand’s PTT keen on buying Petronas stake in Sarawak block
Thailand’s oil and gas company PTT has reportedly shown interest in buying Petronas’ stake in the SK316 block offshore Sarawak. Earlier this week, Reuters reported that Malaysia’s Petronas was aiming to sell as much as 49 percent in the gas project off Sarawak for up to $1 billion. If undertaken, th
ABS Issues Cyber Safety Notation for Marine Industries
As the focus on cyber safety is rising, the classification provider ABS has issued its first notation for the ABS Guide for Cybersecurity Implementation for the marine and offshore industries. “Awarding the CS1 notation (Asset, Basic-level, Informed Cybersecurity Implementation) is a significant ind
Alphaliner: Huge Debts Left after Hanjin Demise
Following Hanjin Shipping’s bankruptcy, the rate of debt recovery for unsecured creditors is expected to be close to zero as most of the company’s unencumbered assets are being sold at very low prices, according to Alphaliner. After the former South Korean shipping giant officially ended its 40-year
KrisEnergy elects new chairman
KrisEnergy, an oil and gas company focused on operations in Southeast Asia, has named a new chairman of the board of directors. The company said on Wednesday that Tan Ek Kia would be replacing Will Honeybourne, who is retiring from the board, the Transition Committee, and the Nominating Committee. T
Fincantieri About to Seal Deal on Chinese Cruise Ships?
Italian shipbuilder Fincantieri has been linked to a binding deal on construction of cruise ships for the Chinese market, Bloomberg reports citing undisclosed sources familiar with the matter. The contract is said to be part of a series of deals between Italy and China to be announced during this we
LR2s to Reap the Fruits from 0.5 Pct Sulphur Cap
Clean product tankers are likely to benefit from the implementation of the global 0.5% sulphur emissions cap as of 2020 driven by the demand for new fuel oil, McQuilling Services brokerage and consultancy writes in its industry note. As disclosed, the forthcoming cap may materially alter trade flows
Toyoda Gosei switches car parts plant to LNG
Japanese car parts manufacturer Toyoda Gosei said it has installed liquefied natural gas equipment at its Morimachi plant and switching boiler fuel from heavy oil to LNG.
MHI-MME completes retrofit work on 80 LNG tankers
Mitsubishi Heavy Industries Marine Machinery & Engine has finalized retrofit work to enable 80 liquefied natural gas (LNG) carriers to sail on low sulfur fuel. The International Maritime Organization (IMO) decided in October 2016 to impose a global 0.50% marine fuel sulfur limit from 2020. In order
Spotted: Margrethe Maersk Becomes Largest Ship to Call Vietnam
Margrethe Maersk, an ultra large container vessel (ULCV) owned by Danish shipping giant Maersk Line, called at the Cai Mep International Terminal (CMIT) on February 20, becoming the largest ship to visit Vietnam. Capable of carrying 18,000 TEU, Margrethe Maersk is part of the Triple E class of vesse
Taiwan ups 2016 LNG imports
Taiwan, the world’s fifth largest liquefied natural gas (LNG) buyer, boosted its imports of the chilled fuel by 2.7 percent last year. Taiwan imported 14.97 million mt of LNG in 2016, as compared to 14.58 million mt the year before, according to the data released by the Directorate General of Custom
Hiab Cranes to Make Offshore Wind Debut in China
Load handling equipment manufacturer Hiab, part of Cargotec, has signed a contract to supply a minimum of 100 HIAB light-range loader cranes for a wind turbine manufacturer in China.
Hiab Cranes to Make Offshore Wind Debut in China
Load handling equipment manufacturer Hiab, part of Cargotec, has signed a contract to supply a minimum of 100 HIAB light-range loader cranes for a wind turbine manufacturer in China.