South & Central Asia
Top News of the Week, 26-31 December 2016
GeoSea Installs First Foundation at Galloper Offshore marine engineering specialist GeoSea installed the first of fifty-six turbine foundations at the 336MW Galloper offshore wind farm on Wednesday, 28th December. Block Island Turbine Out of Action Until Second Half of February One of the General El
HAPPY NEW YEAR 2017!
Subsea World News team wishes all our readers and their loved ones a happy and prosperous New Year! HAPPY NEW YEAR 2017!
Keppel resells jack-up rig after Parden’s failure to pay for it
Singapore’s rig builder Keppel has decided to resell a jack-up rig after the original buyer failed to take delivery of the rig and pay for it. The jack-up rig of a KFELS B Class was originally meant for the Uruguay-based Parden Holdings. Parden ordered the jack-up rig from Keppel FELS in August 2013
Petronet to build $950 mln LNG terminal in Bangladesh
India’s largest LNG importer Petronet signed a memorandum of understanding with Bangladesh Oil, Gas and Mineral Corporation to set up an LNG regasification terminal at Kutubdia Island.
DSME Enters Shipbuilding Deal with Iran
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry. The parties signed a Head of Agreement (HoA), under which they plan to estab
China LNG, Chu Kong Shipping sign LNG cooperation deal
China LNG Group on Friday signed a letter of intent with Chu Kong Shipping to cooperate in LNG business, especially in LNG stations, bunkering stations and storage facilities.
Oil prices on track for greatest yearly percentage gain since 2009
By Mark Tay Singapore (Reuters) – Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate (WTI) crude futures were up 15 cents or 0.3 perc
Jinhui Shipping Renegotiates Debt on 25 Bulkers
Hong Kong-based shipping company Jinhui Shipping and Transportation Limited has reached an agreement with four major lenders on loans related to 25 of the company’s vessels. Namely, under the deal the intercreditor deed between the company, 25 subsidiaries as borrowers of relevant vessel mortgage de
Carnegie eyes China for partnerships
Carnegie Clean Energy is reportedly looking for potential manufacturing partners in China as the company aims to reduce the cost of wave energy.
Incheon Port Reaches 2.5 Million TEU Milestone
Container cargo volumes at South Korea’s Incheon Port exceeded 2.5 million TEUs for the first time ever. With this trend going, Incheon Port is expected to handle a total of 2.68 million TEU container volumes by the end of this year, representing a 12% increase from last year’s 2.37 million TEU. “Co
Ming Yang and China Three Gorges Reaffirm Guangdong Offshore Wind Ties
Wind turbine maker Ming Yang Wind Power and the energy company China Three Gorges Group have signed a new agreement to cooperate on offshore wind projects in Guangdong, China’s province on the South China Sea coast. The two companies will team up to establish an offshore wind industry cluster in the
Ming Yang and China Three Gorges Reaffirm Guangdong Offshore Wind Ties
Wind turbine maker Ming Yang Wind Power and the energy company China Three Gorges Group have signed a new agreement to cooperate on offshore wind projects in Guangdong, China’s province on the South China Sea coast. The two companies will team up to establish an offshore wind industry cluster in the