South & Central Asia
Novatek courting Japanese investors with Arctic LNG projects
Yamal LNG operator, Novatek is looking to Japan as it looks to secure additional funds for its Arctic LNG project.
Singapore to Adopt Dutch Polder Concept
Singapore will reclaim land through the development of a polder at the north-western tip of Pulau Tekong, an island north-east of mainland Singapore. This cost-saving method, to be used for the first time in Singapore, will be adopted by the Housing & Development Board (HDB) for the upcoming land re
HMM Selected as Preferred Bidder for Hanjin’s Spain Terminal
South Korean shipping giant Hyundai Merchant Marine (HMM) has been selected as the preferred bidder for a terminal in Algeciras, Spain, owned by its bankrupt compatriot Hanjin Shipping. The company earlier said that it would purchase of a 100 percent stake in Total Terminal International Algeciras,
Preparations for Karwar Port Development Move Ahead
Preparations for the second phase of the Karwar Commercial Port Expansion Project are currently underway, the Times of India reports. The second phase of this development scheme will include construction of new jetties and expansion of the port by another 1.5km in length. The dredging operations in
India Approves Introduction of Merchant Shipping Bill 2016
India’s revamped Merchant Shipping Bill 2016 is expected to simplify the law governing merchant shipping in India, while certain redundant provisions will be dispensed with and remaining provisions will stand consolidated and simplified. The country’s Cabinet has approved the introduction of the Mer
Peru ships LNG cargo to Japan
Peru’s only natural gas liquefaction and export facility at Pampa Melchorita shipped a cargo to Japan.
Singapore offers loans to help struggling offshore players
Singapore has made plans to provide financial support for the country’s marine and offshore engineering companies amid weak oil prices. Singapore’s Ministry of Trade and Industry announced on Friday the enhancement to IE Singapore’s Internationalisation Finance Scheme (IFS) and the re-introduction o
COSCO Shipyard to Take Over Wartsila’s Stake in COSCO STA
COSCO Shipyard Group (CSG) has inked an equity transfer and joint venture termination agreement with Wartsila Singapore, part of Finnish engineering company Wartsila, to acquire Wartsila’s 40% interest in COSCO Shipyard Total Automation Co. (COSCO STA). COSCO STA is a joint venture between the duo a
ESL Shipping Secures Funds for New LNG-Powered Bulkers
Finnish dry bulk shipping company ESL Shipping has entered into EUR 50 million (USD 52.9 million) agreements to finance its two 25,600 dwt Handy bulk carriers currently under construction at China’s Jinling Shipyard Nanjing. Signed with OP Corporate Bank Plc on November 24, the total value of the tw
Italian-Chinese Consortium Bags Venice Offshore Port Project
An Italian-Chinese consortium, led by the China Communication Constructions Company Group (CCCC), has won the bid for the design of Phase 1 of Venice Offshore Port project. The consortium of CCCC, 3TI and eAmbiente was part of an international solicitation which involved the best engineering firms f
Hibiscus sees profit lift backed by Anasuria output
Malaysia’s independent oil & gas company Hibiscus Petroleum delivered a higher profit during its first financial quarter ended September 30, 2016, backed by revenues from the Anasuria cluster in the UK North Sea. The Malaysian company bought 50% of Anasuria Cluster interest from the oil giant Shell
K Line Adds New RoRo Service on Thailand – Australia Route
Japan’s shipping company Kawasaki Kisen Kaisha (K Line) has decided to enhance its RoRo service in Thailand – Australia trade by launching a new service route of anti-clockwise loop in addition to current existing clockwise loop. The company said that the move comes on the back of strong car sales i