South & Central Asia
SHI cancels LNG FPSO order
South Korean shipbuilder, Samsung Heavy Industries on Friday cancelled an order from an unnamed customer for an LNG floating production, storage and offloading (FPSO) unit.
Carnegie shareholders approve EMC buy, name change
The shareholders of Carnegie Wave Energy have approved the acquisition of Energy Made Clean (EMC), along with the company’s plans to change its name.
Oil prices fall on concerns over OPEC-Russia production deal and profit taking
By Roslan Khasawneh SINGAPORE (Reuters) – Oil prices fell on Friday on concerns whether major producers would implement an OPEC-Russia deal to cut production and as investors took profits after Brent touched a 16-month high a day earlier on news of the deal. “It looks achievable on the face of it, p
MTBS Starts Developing Sri Lanka’s Port Master Plan
Maritime & Transport Business Solutions (MTBS), a consultancy firm from the Netherlands, began developing Sri Lanka’s national master plan for the country’s port sector on November 30, 2016. MTBS has been awarded the contract to develop the master plan by the Asian Development Bank (ADB) and Sri Lan
IRClass Becomes Recognised Organisation for Three More Flag States
Indian Register of Shipping (IRClass), has obtained authorisation to act as Recognised Organisation (RO) to carry out statutory survey, audit and certification on behalf of Nigeria, Oman and Lebanon flag states. With the latest agreement, IRClass has been approved as a RO by 29 flag registries acros
Wipro awarded IT infrastructure deal from Woodside
India’s information technology, consulting, and business process services company Wipro won a three-year IT infrastructure services and digital transformation contract by Woodside.
Gallery: Singapore’s PPT 5 from a Drone’s Perspective
The images above show Singapore’s Pasir Panjang Terminal (PPT) 5 from a drone’s perspective and were captured by PSA Singapore and PSA Marine last week. The Pasir Panjang Terminal 5 encompasses an area of 110 hectares and has 22 quay cranes. With a depth of 18 meters and a quay length of 1,850 meter
Navig8 Product Tankers Takes Fifth Tanker from GSI
Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Goal, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited (GSI). The Navig8 Goal is the fifth of eight vessels contracted at GSI to be delivered to Navig8 Product Tankers. The vesse
Norden Hits Mother Lode in the Philippines
Danish shipping company Dampskibsselskabet Norden A/S has entered into a 10-year contract to transport 20-24 million tons of coal to a power plant on Luzon Island, the Philippines. The contract is expected to start in the first quarter of 2017. In terms of volume, this makes it the largest contract
Rolls-Royce Axes 800 More Jobs at Marine Business Unit, Puts Focus on Smart Ships
Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ”continuing weakness in the maritime market” as the reason for the third wave of job cuts at the division in less than a year. ”Today’s proposals follow a series of cost reduction initiatives carrie
Report: MSC and HMM Jointly Bid for Hanjin’s Stake in Long Beach Terminal
Swiss-based container shipping major, Mediterranean Shipping Company (MSC), and South Korea’s carrier, Hyundai Merchant Marine (HMM), have jointly placed a bid to acquire a stake in a container terminal at California’s Port of Long Beach currently controlled by ailing Hanjin Shipping, Yonhap News Ag
ABB installs electrical system on Brazil-bound FPSO
ABB, power and automation technology group, has installed a prefabricated solution for the electrical system on a floating production storage and offloading unit being built in Singapore. Upon completion, the Modec-built FPSO Cidade de Campos dos Goytacazes MV29 will be deployed at the deepwater Tar