South & Central Asia
Gener8 Maritime Adds New ECO VLCC
US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO very large crude carrier (VLCC) Gener8 Hector from Hanjin Heavy Industries and Construction Philippines, Inc. Gener8 Hector, which was delivered on January 6, 2017, represents the nineteenth of 21 ECO VLCCs expected to
Royal IHC Finishes Year in Style
In the last two months of 2016, IHC saw an increase in the sale of its vessels, equipment and engineering packages. Almost half of the total order intake over 2016 was secured in this period. “We see market recovery in the dredging and renewables industry, and are positive that this will continue in
Finland, China to Join Convention on Removal of Wrecks
Finland and China are scheduled to join The Nairobi International Convention On The Removal of Wrecks starting from January 27 and February 11, 2017, respectively. The convention, which entered into force on April 15, 2015, adopts strict liability and compulsory insurance, regulating that the regist
Vambakeerapalaym Dredging Contract for DCI
The Chief Minister of Puducherry, V. Narayanasamy, kickstarted the dredging operations today at an estuary near the Vambakeerapalaym coastal village fishing harbor, the Business Standard reports. The main goal of this cleanup scheme is to remove the accumulated sand for easy movement of the fishing
CMHI Lays Keel for Saga LNG’s 1st Ship
Haimen-based shipbuilder China Merchants Heavy Industry (CMHI) has held a keel laying ceremony for Saga LNG Shipping’s mid-sized liquefied natural gas (LNG) carrier. The 45,000 cbm carrier is the first of two ships ordered in late 2015 by the company. Scheduled for delivery in the first quarter of 2
Prysmian: CNP-1 Subsea Link Launched (Philippines)
The submarine power cable link to connect Negros and Panay islands in the Philippines has been successfully commissioned, Italian cable major Prysmian said on Friday. This is the first stage of the project CNP-1 (Cebu-Negros-Panay phase 1), awarded to Prysmian by the Filipino grid operating company
BNEF: Investment in marine energy down 7% in 2016
New investment in clean energy worldwide fell 18% last year to $287.5 billion, with marine energy also being affected by 7% decrease compared to 2015 levels.
Woodmac: Deepwater will spring back to life in 2017
Energy intelligence group Wood Mackenzie sees the deepwater upstream oil and gas sector springing back to life in 2017. Providing its take on what to expect in 2017, Woodmac forecasts the overall upstream investment cycle will show the first signs of growth in 2017 since 2014 and final investment de
Spotted: Shi Zi Yang 7 Launched in Hong Kong
In today’s spotted we present you Shi Zi Yang 7, a 40-meter catamaran passenger ferry which has been launched in Hong Kong. To be operated by Sea’s Young in Hong Kong, the ship was constructed by shipbuilder Wang Tak. The 199-passenger ferry was designed by naval architect Incat Crowther. “The desig
Agritrade Resources Wraps Up VLCC Purchase
Hong Kong-based Agritrade Resources Limited has finalized the purchase of a very large crude carrier (VLCC) from Marshall Islands-based shipping company Chris Tanker Corporation. Featuring a capacity of 309,300 dwt, the VLCC, which is classified by Lloyd’s Register, was constructed in December 2001.
Offshore Energy launches improved website
Offshore Energy kicks off its 10th anniversary year with a bang and is proud to announce the launch its of new and improved website on www.offshore-energy.biz. Sleek design, easy navigation and updated functionality mean a better customer oriented website.
Oil prices dip on doubts over planned crude output cuts
By Henning Gloystein SINGAPORE (Reuters) – Oil dipped on lingering doubts that crude production cuts would go deep enough to curb a global fuel supply glut, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009. Brent cr