South & Central Asia
Smaller fleet and lower charter rates hit MISC’s LNG revenue
Malaysian LNG shipper, MISC, on Friday reported a drop in LNG revenue for the fourth quarter and the year 2016.
China Abolishes Regulation on Garbage Disposal from Ships
China’s Ministry of Transportation (MOT) has decided to abolish the regulation which requires ocean-going vessels to dispose of any garbage on board before departure from Chinese ports. The decision modifies the regulation entitled “Provisions of Peoples’ Republic of China on Administration on Preve
IEA: OPEC delivering on its promise to cut output
The estimated OPEC production in January was at 32.1 mb/d and the cuts achieved a record initial compliance rate of 90%, the International Energy Agency (IEA) said in its Oil Market Report. To remind, the OPEC members and Russia in November 2016 reached a deal to reduce oil production in order to de
India Disposes of Alang Hazardous Waste from Shipbreaking
All hazardous waste generated at Alang shiprecycling facilities is being disposed of “in a safe and environmentally sound manner” in Gujarat Pollution Control Board authorized Treatment, Storage and Disposal Facility (TSDF) site, India’s Ministry of Shipping informed. Operated by Gujarat Maritime Bo
MISC Berhad Earns Less in 4th Quarter
Malaysia International Shipping Corporation Berhad (MISC Berhad) has seen its group profit for the fourth quarter of 2016 plunge by 33 percent mainly due to lower operating profit from LNG, petroleum and heavy engineering business segments. The company’s net profit for the quarter ended December 31
When is a final investment decision (FID) not a FID?
Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.
DHI VIDEO on Measurement of Suspended Sediment
DHI Group, an independent research and consultancy organization, has just released their latest DHI Tech Talk video, named ‘Measurement of Suspended Sediment’. Solid particles transported in the water are referred to as suspended sediments. A high level of suspended sediments may lead to serious eff
Global Offshore Wind Capacity Reaches 14.4GW in 2016
2,219MW of installed offshore wind capacity was added worldwide in 2016, bringing the total to 14,384MW, according to the Global Wind Energy Council (GWEC). 2016 brought a significant slowdown in momentum when compared to the record-breaking 2015 when 3,443MW of installed capacity was added, almost
HPH Trust Sees Slight Drop in Revenue, Volumes
The Singapore-listed container port business trust Hutchison Port Holdings Trust (HPH Trust) ended 2016 with its revenue and other income at HKD 11.9 billion (USD 1.5 billion), representing a drop of 5.6 percent from the previous year’s HKD 12.6 billion (USD 1.6 billion). The container throughput of
HMM Cuts Net Loss, Expects Losses until Mid-2018
South Korea’s container carrier Hyundai Merchant Marine (HMM) has managed to narrow its net loss in 2016, mainly due to a number of asset sales undertaken during the year. HMM’s net loss for the full year shrunk to KRW 4.4 billion (USD 3.8 million) from a net loss of KRW 627 billion (USD 545.3 milli
South Korea’s Kogas eyes U.S. shale gas investment
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, is reportedly interested in investing in shale gas projects in the United States.
BPS replaces bioWAVE cable
BioPower Systems (BPS) has installed a new subsea cable at the bioWAVE wave project site near Port Fairy, Australia.