South & Central Asia
Marmaras Navigation Buys Two Newbuilding Resales
Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by China’s shipbuilder Jinhai Heavy Industry, to Greek shipowner Marmaras Navigation, VesselsValue’s data shows. The price of the two 320,000 dwt newbuildings was not disclosed. The marke
Protean bags R&D tax incentive funding
Protean Energy has received over Au$710,000 through Australian research and development tax incentive refund.
Swan Energy cleared to build Jafrabad FSRU project
Swan Energy informed on Tuesday that, through its unit Swan LNG, it has received approval from Gurajat Maritime Board to begin construction of LNG terminal for its FSRU project in Jafrabad, Gujarat.
Report: HMM Plans to Control 5 Pct of Global Market Share by 2021
South Korean shipping company Hyundai Merchant Marine (HMM) revealed its plans to take 5 percent of global market share by 2021 by means of various measures including its latest agreement to join the 2M network, local media reported. Currently controlling 2.2 percent of global container capacity, th
Lenders agree to refinance Emas Offshore’s debt
Offshore contractor Emas Offshore, part of Singapore’s Ezra, has reached a deal with all of its lenders on refinancing its debts over a period of five years. At the end of October this year, Emas reached an agreement in-principle with the substantial majority of its principal bankers on the refinanc
Jera to sell LNG to UK’s Centrica
Japan’s Jera, the joint company of Tepco and Chubu Electric and the largest importer of liquefied natural gas, signed an agreement with Centrica for the sale of up to six cargoes per year.
Bombora confirms wave cost projections
An independent review of Bombora Wave Power’s wave farm feasibility study confirmed that the potential cost of electricity for its planned wave farm is below Ocean Energy Europe’s wave energy cost projections.
AG&P, Risco Energy form LNG JV
AG&P formed a joint venture with Risco Energy Group, an energy investment company, targeting the development of mid-scale liquefied natural gas terminals in Indonesia.
Gazprom secures €800 mln loan
Russia’s Gazprom on Monday signed a four-year €800 million (Approx: US$849.1 million) facility agreement with Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corporation and U.S.-based JPMorgan Chase bank.
IADC Dredging in Figures 2015 Available
The International Association of Dredging Companies (IADC) has just released its Dredging in Figures 2015, an annual review of the global dredging market. The edition focuses on the global dredging industry in 2015 and IADC aims to be thorough and precise in the figures presented in this document. T
Worker Dies at Bangladeshi Shipbreaking Yard
A worker died while dismantling German container ship Viktoria Wulff at Arefin shipbreaking yard in Chittagong, Bangladesh, on December 4, 2016, the NGO Shipbreaking Platform said. The 35-year old Shah Jahan was struck on the head by a heavy iron piece. In an attempt to hide the accident, the yard m
DOT Radiance Puts Off Newbuild Charter
DOT Radiance, a joint venture between DOT Shipping and Pacific Radiance, has agreed with the charterer to delay delivery of the newbuild offshore construction support vessel to December 31, 2017. The joint venture secured a long-term charter contract worth over $140 million, including extension opti