South & Central Asia
Samudera Indonesia Entrusts Rickmers Shipmanagement with Two Supramax Bulkers
Samudera Indonesia has appointed Rickmers Shipmanagement, part of Rickmers Group, as the new technical manager of two Supramax bulk carriers including their crewing. Samudera Indonesia currently owns three dry bulk carriers, the 57,700 dwt Sinar Kutai and Sinar Kapuas, both built in 2011, and the 19
NYK, KEPCO Partner Up on LNG Carrier Ownership
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has reached an agreement with compatriot electric utility Kansai Electric Power (KEPCO) to jointly own a liquefied natural gas (LNG) carrier through a vessel-owner company. Under the agreement, NYK will have a 30 percent and KEPCO 70 perc
CMA CGM, K Line Team Up on NEW CIMEX 2E
Starting from mid-December, French container shipping company CMA CGM plans to launch China India Middle East Express 2E (NEW CIMEX 2E), a new service linking Asia to the East Coast of India, through a vessel sharing agreement (VSA) with Japanese shipping company Kawasaki Kisen Kaisha (K Line). The
Alphaliner: 2M Deal Hurts HMM’s Chances of Growth
A ”strategic cooperation” agreement between Hyundai Merchant Marine (HMM) and the 2M vessel sharing alliance comprising Maersk Line and the Mediterranean Shipping Company (MSC) will limit the South Korean container carrier’s ability to grow in the future, according to Alphaliner. The fact that HMM c
Shell Starts Production from Deep-Water Project Offshore Malaysia
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100 kilometers off the coast of the Malaysian state of Sabah. Located in waters up to 500 meters deep, Malikai is Shell’s second deep-water project in Malaysia, following the start-up of the Gumusut-Kakap platform
Excelerate: Bangladesh’s first LNG import terminal moves forward
FSRU specialist Excelerate Energy has completed studies for the implementation of the Moheshkhali floating LNG terminal in Bangladesh, following the execution of a contract with Petrobangla.
Shell produces first oil from Malikai
Oil giant Royal Dutch Shell has started oil production from the Malikai tension-leg platform (TLP), located 100-kilometers off the coast of the Malaysian state of Sabah. The Malikai project is a joint venture between Shell (35%, operator), ConocoPhillips Sabah (35%) and Petronas Carigali (30%). Loca
DP World: Developing Vietnam’s Infrastructure
Standardizing trade processes and developing Vietnam’s infrastructure will attract more investment from global trade enablers like DP World, according to its Group Chairman and CEO Sultan Ahmed Bin Sulayem. The Chairman discussed these topics with Vietnamese President Tran Dai Quang during their rec
Carnegie’s EMC to tackle Australian energy storage market
Energy Made Clean (EMC) has signed a memorandum of understanding with TNG, and Sumimoto Electric Industries, to assess the potential applications of Vanadium Redox Flow (VRF) batteries in Australia
China: CMHI entering LNG market through three-party MoU
China Merchants Heavy Industry (Jiangsu), Gabadi and Shanghai Aojiheng Offshore Engineering Technology Service signed an LNG project strategic cooperation deal earlier this month.
Gurajat Maritime Board OKs Swan LNG Terminal
Swan Energy Ltd, through its subsidiary Swan LNG, has received approval from Gurajat Maritime Board to start construction of LNG terminal for its floating storage and regasification unit (FSRU) project, located in Jafrabad, Gujarat. In a notice to the Bombay Stock Exchange (BSE), Swan Energy said th
South Korea ups November LNG imports
South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 26.9 percent in November year-on-year, according to the customs data. The country imported 3.42 million mt of LNG in November, as compared to 2.69 million mt in the corresponding month last year. South K