South & Central Asia
Readers’ Picks of the Week (November 7 – 11, 2016)
Drewry: Japanese Merger Could Spark Second Wave of M&As Driven by the need to stop the cost competitive advantage of the bigger lines growing, a...
Popular news, November 7 – 13, 2016
The unexpected has happened. Donald Trump will be the next president of the United States of America.
Top news of the week November 7-12
FID reached on Woodfibre LNG project in Canada Woodfibre LNG on Friday said its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has made the final investment decision for the project. DSME: first Arctic LNG carrier to test icebreaking capabilities during
Taiwanese Consortium Sets Sights on Offshore Wind
A consortium led by shipbuilder CSBC Corp. has launched a strategic alliance aimed at helping Taiwan reach 520MW of installed offshore wind capacity by 2020 and 3GW of installed capacity by 2025, the state-run Taiwan Today reports. The public-private consortium includes government-backed enterprises
Knud E. Hansen, SEDS Partner Up on Passenger Vessel Designs
Danish marine consultancy Knud E. Hansen (KEH) and ship designer Smart Engineering & Design Solutions (India) (SEDS) have teamed up to provide two vessel designs for four passenger ships to be built for India’s Andaman & Nicobar Administration. According to KEH, the larger vessel design will feature
Report: Ailing Shipbuilder DSME to Get USD 2.4 Bn from Creditors
Creditors of the financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) plan to financially support this South Korean shipbuilder with KRW 2.8 trillion (USD 2.4 billion), under proviso that the company’s labor union accepts the restructuring scheme, local media reported. DSME’s credito
Pirates Kidnap Six Crew Members off Philippines
Six crew members were kidnapped from a general cargo ship which was attacked by pirates some 10 nautical miles off the Basilan Island, the Philippines, according to data provided by International Maritime Bureau (IMB). In the incident, which occurred in the early morning hours on November 11, ten pe
Protean concludes pre-commercial WEC trials
Protean Wave Energy has retrieved its wave energy device after wrapping up the final round of pre-commercial trials off Western Australia.
Report: Bontang LNG expects output decline in 2017
Indonesia’s Bontang LNG plant is expecting a decrease in output of about 10 percent in 2017, according to Badak LNG CEO Salis Aprilian. Aprilian told Reuters that the facility is expected to export 160 cargoes in 2017, compared to an expected 177 cargoes for the current year. Badak LNG, the operator
Australia maps wave energy potential
Commonwealth Scientific and Industrial Research Organisation (CSIRO) has released a new atlas mapping Australian wave data and displaying potentially suitable areas for wave energy deployment.
Persistent Slump Widens COSCO Corp’s Loss
As the marine and shipping industry slump shows no signs of relenting, COSCO Corporation (Singapore) Limited has seen its net loss widen in the third quarter of 2016 to SGD 102.3 million (USD 72.6 million) from SGD 82.1 million (USD 58.2 million) reported a year earlier. The company’s turnover for t
in2Dredging Introduces Pumps and Pipeline Tool
in2Dredging (i2D), an independent dredging consultancy, has launched its new and unique software program Pumps and Pipeline (PnP v1.1). PnP is the first commercial pumps and pipeline estimating tool for the dredging and mining industry. i2D’s gap analysis identified a disconnection between dredging