South & Central Asia
New Development Bank Approves EUR 273 Million Loan for Putian Pinghai Bay Offshore Wind Project
The Board of Directors of the New Development Bank (NDB) has approved a CNY 2 billion (EUR 273.3 million) loan for the Putian Pinghai Bay offshore wind power project in China. Under the framework of Putian Pinghai Bay project agreement, the NDB will provide the Chinese government with the sovereign
New Development Bank Approves EUR 273 Million Loan for Putian Pinghai Bay Offshore Wind Project
The Board of Directors of the New Development Bank (NDB) has approved a CNY 2 billion (EUR 273.3 million) loan for the Putian Pinghai Bay offshore wind power project in China. Under the framework of Putian Pinghai Bay project agreement, the NDB will provide the Chinese government with the sovereign
CCCC Visits Port of Yuzhny
An official delegation of Chinese dredging company ‘China Communications Construction Company Limited’ (CCCC) visited the Port of Yuzhny on November 14, the Ukrainian Sea Ports Authority (USPA) reports. According to the Authority’s announcement, the main purpose of the visit was the development of b
Report: Petronet expects LNG-fueled transport to lift demand
Petronet LNG, India’s largest importer of the chilled fuel intends to focus on ships and vehicles fueled by liquefied natural gas to push the demand up.
Swissco files for judicial management after impasse with creditors
Singapore’s Swissco, a debt-burdened provider of offshore rigs and vessels, has filed an application to be placed under judicial management after it failed to reach a debt restructuring deal with creditors. The company in its quarterly report last week said it had reached an impasse with its major l
Schottel tidal turbine powers remote Indonesian industrial site
Green Forest Product & Tech (GFPT), and its exclusive supplier PT Bintuni Utama Murni Wood Industries (PT BUMWI), have together with the group of international specialists installed SIT 250 tidal turbine at PT BUMWI’s wood chip factory located in West Papua, Indonesia.
BIMCO: Coal Shippers Not Cashing In on Import Surge in China
Dry bulk shipowners are not feeling the positive impacts of a surge in China’s coal imports due to a change in the coal trade patterns which brought around shorter sailing distances influenced by the proximity of exporters, according to international shipping association BIMCO. The high level of coa
TOCOM, Platts in LNG MOU
The Tokyo Commodity Exchange on Tuesday signed a memorandum of understanding with S&P Global Platts that includes cooperation in developing LNG market in Asia.
Eolfi Enters Taiwanese Floating Wind Market
Taiwanese Ministry of Economic Affairs (MOEA) has signed a Letter of Intent (LOI) with France’s Eolfi for the development of floating offshore wind power in Taiwan. The LOI was signed in Paris on 4 November by the Vice Minister of MOEA Wang Mei-Hua and Alain Delsupexhe, CEO of Eolfi, during the Vice
Eolfi Enters Taiwanese Floating Wind Market
Taiwanese Ministry of Economic Affairs (MOEA) has signed a Letter of Intent (LOI) with France’s Eolfi for the development of floating offshore wind power in Taiwan. The LOI was signed in Paris on 4 November by the Vice Minister of MOEA Wang Mei-Hua and Alain Delsupexhe, CEO of Eolfi, during the Vice
Korea Line Signs USD 31.4 Mn Deal to Buy Hanjin Assets
South Korea’s shipping company Korea Line Corp has signed a KRW 37 billion (USD 31.4 million) agreement to buy the Asia-US route network from the bankrupt container carrier Hanjin Shipping, the company said in a stock exchange filing. The deal includes Hanjin’s business network and client informatio
JFD Saturation Diving System for Shanghai Salvage
James Fisher and Sons’ subsidiary JFD has been awarded approximately £35-million ($43.7 million) contract by Shanghai Salvage (SS) to supply a 24-man saturation diving system rated for diving support to depths of 500 meters. The contract is for the design and build of two independent 12 man saturati