South & Central Asia
Maverick Gunner to Be Auctioned Off in Singapore
The 80,717 dwt bulk carrier Maverick Gunner has been put up for auction in Singapore after it was arrested in September, according to data provided by the Supreme Court of Singapore. The closing date for bids for the 2010-built bulker, operated by Greece-based shipping firm Efploia Shipping, was set
Bombora steps closer to Portugal deployment
Bombora Wave Power, an Australian wave energy developer, is finalizing the design work for the construction of the first full-sized cell of its mWave wave energy device, ahead of full-scale deployment in Portugal.
Arup nets Indonesia LNG terminal contract
Engineering and consulting firm Arup said it has won a contract for Australasia LNG’s proposed terminal in Probolinggo, Indonesia. Under the deal, Arup will deliver pre-front end engineering and design (FEED) for the marine infrastructure and vessel conversion for the 2.4 mtpa Probolinggo LNG termin
Advent International to Buy Majority Stake in V.Group
US-based private equity firm Advent International has agreed to acquire a majority ownership interest in maritime services provider V.Group from OMERS Private Equity (OPE). OPE will reinvest in V.Group, “working with Advent and the management team to support the continued growth and development of t
Repsol sells Tangguh LNG stake to BP
Spain’s Repsol said it has sold its 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia to British firm BP. The deal is worth about US$313 million dollars. It will generate an estimated pre-tax capital gain of 26 million dollars to Repsol, the Spanish company said. BP
Sea Shepherd Ships Set Sail on Whale Defense Campaign
After final preparations in Australia, two Sea Shepherd vessels are now on their way to the Southern Ocean to intercept the Japanese whaling fleet in a bid stop their slaughter of minke whales, Sea Shepherd Global said. The marine conservation organization’s flagship vessel the Steve Irwin departed
Clarksons: Bulkers Account for Lion’s Share of Scrapped Tonnage in 2016
Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, according to Clarksons Research. As conditions in most sectors were under pressure, 2016 has been an extrem
Hyundai Mipo to Build Bernhard Schulte’s LNG Bunkering Ship
South Korea’s shipbuilder Hyundai Mipo Dockyard (HMD) has entered into an agreement to build a 7,500 cbm liquefied natural gas (LNG) bunkering vessel for German-based company Bernhard Schulte Shipmanagement. The vessel will feature a length of 117 meters and a width of 20 meters, according to Hyunda
IADC Introduces New Terra et Aqua
The International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The paper features four new dredging-related articles, book and journal reviews relevant to the industry and a list of upcoming seminars and conferenc
BW LPG Increases Stake in Aurora LPG
Singapore’s gas carrier owner BW LPG received acceptances for 3.42 percent of the share capital and voting rights in Oslo-listed Aurora LPG after it launched a voluntary unconditional tender offer for all the remaining shares in the company in late October. Following close of trading on December 2,
Hyundai Mipo to build LNG bunkering vessel for Bernhard Schulte
Hyundai Mipo Dockyard of South Korea has secured an order from Germany’s Bernhard Schulte to build a liquefied natural gas (LNG) bunkering vessel. The contract includes an option for an additional sister vessel, Hyundai Mipo said in a statement issued on Sunday. The 7,500-cbm LNG bunkering newbuild
Spotted: Libra FPSO Christened in Singapore
On December 2, 2016, Singapore-based Jurong Shipyard held a naming ceremony for the Pioneiro de Libra, a shuttle tanker which was converted into a floating production, storage and offloading (FPSO) vessel for a joint venture between Odebrecht Oil & Gas and Teekay Offshore (OOGTK). The ceremony took