South & Central Asia
Top news of the week January 2-7
Report: Asia becoming largest importer of U.S. LNG Cheniere’s Sabine Pass LNG terminal in Louisiana shipped nine liquefied natural gas cargoes to Asian countries during December. Chevron resumes production at Gorgon LNG Train 1 US-based energy giant Chevron resumed production at the first liquefacti
Platts: Oil stock overhang could disappear by 3Q 2017
With 2016 behind us, energy intelligence groups have begun dishing out their takes on the energy sector for 2017. One of them, S&P Global Platts, an independent provider of information and benchmark prices for the commodities and energy markets, has shared its view on what to watch this year when it
Asian winter temperature drops boost LNG demand
Demand for LNG and thermal coal for power generation in North Asia has risen on the back of low winter temperatures.
Oil prices post gains on OPEC hopes, but doubts linger
Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply.
Two VLGC Newbuildings Join BW LPG’s Fleet
Singapore’s gas carrier owner BW LPG Limited has taken delivery of the final two of four very large gas carriers (VLGCs) in its newbuilding program from South Korean Daewoo Shipbuilding and Marine Engineering (DSME). The two vessels, BW Mindoro and BW Messina, feature 84,000 cbm and each have a mark
Ningbo Zhoushan Port Inks Deal for 20 Projects
China’s Ningbo Zhoushan Port (NZP) has entered into a CNY 127 billion (USD 18.3 billion) agreement which will cover over 20 major projects, according to NZP. Signed in late December 2016, the contract will cover multimodal transportation system, bulk commodities storage and transportation system, ri
APM Terminals Mumbai Embraces DPD Service
India’s container terminal APM Terminals Mumbai has accepted the Direct Port Delivery service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance the country’s access to the global logistics chain. In the past, import containers were sent to Container Freigh
Cosco agrees with Asian client to delay jack-up delivery
Chinese offshore rig builder Cosco has agreed with an Asian client to delay the delivery of a newbuild rig by a year. Cosco’s Dalian shipyard secured a contract valued over $180 million from an unnamed Asian company to build a jack-up drilling rig in October 2013. The rig was initially scheduled for
Oak Spirit Delivers First US LNG to Japan
Oak Spirit, a liquefied natural gas (LNG) carrier, delivered the first cargo produced in the contiguous United States (US LNG) to Joetsu LNG Terminal of Chubu Electric Power Company in Japan on January 6, 2017. Jera, a joint venture created by Japan-based electric companies Tepco and Chubu Electric
Jera: first Sabine Pass cargo arrives at Joetsu LNG terminal
Japan’s Jera, the joint company of Tepco and Chubu Electric and the largest importer of liquefied natural gas, said the first cargo from the lower 48 U.S. states arrived at the Joetsu LNG terminal.
Maersk Drilling’s new XLE jack-up set for North Sea
Danish offshore driller Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. The company’s fourth and final XL Enhanced ultra harsh environment jack-up was named in South Korea in October 2016.
Jiangnan Shipyard Clinches Order for Two LPG Carriers
Shanghai-based Jiangnan Shipyard has received an order to construct two fully press liquefied petroleum gas (LPG) carriers for an Algerian shipping firm, according to data provided by VesselsValue. Under the deals signed with Hyproc Shipping, the Chinese shipbuilder is scheduled to deliver the new s