South & Central Asia
Russian energy minister says cooperation with OPEC intensifying
By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the w
Keppel set to deliver ‘one of the world’s largest’ FPSOs
Keppel Offshore & Marine’s subsidiary Keppel Shipyard informed on Monday it is on track to deliver what it claims is one of the world’s largest Floating Production Storage and Offloading vessels (FPSO) to Bumi Armada Berhad for operations in offshore Angola. The naming ceremony of the FPSO, Armada O
Enterprize Energy and Northland Power Start Offshore Wind Project in Taiwan
Singapore-based upstream energy company Enterprize Energy and Canada’s Northland Power Inc. have launched an inaugural offshore wind farm project in the Taiwan Strait, the Hai Long offshore wind farm project. Hai Long is a joint venture between Yushan Energy, the wholly owned operating subsidiary of
Enterprize Energy and Northland Power Start Offshore Wind Project in Taiwan
Singapore-based upstream energy company Enterprize Energy and Canada’s Northland Power Inc. have launched an inaugural offshore wind farm project in the Taiwan Strait, the Hai Long offshore wind farm project. Hai Long is a joint venture between Yushan Energy, the wholly owned operating subsidiary of
Drewry: Carriers Could See Higher 2017 Contract Rates
The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry. It has been another typically volatile year as far as the spot freight rate market is concerned with the weekly ups and downs once aga
Douglas-Westwood: Multi-Billion Offshore Wind Projects Now the Norm
Offshore wind construction activity has surged in recent years and the trend is likely to continue with the industry’s engineering projects set to reach a EUR 286 billion Capex from 2017 to 2025, Douglas-Westwood (DW) reports in its new Offshore Wind Market Briefing. Often running counter-cyclical t
d’Amico Adds Three Product Tankers
Tanker shipping company d’Amico International Shipping has added a 39,000 dwt handysize vessel and two 50,000 dwt medium range ships, built at the Vietnamese shipyard Hyundai Vinashin Shipyard, to its fleet. The total investment for the three new eco-ships, namely Cielo di Salerno, High Wind and Hig
New VLGC Joins BW LPG’s Fleet
Singapore’s gas carrier owner BW LPG has further expanded its fleet as it took delivery of the first of four Very Large Gas Carriers (VLGCs) in its newbuilding program from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). Named BW Magellan, the new VLGC features a length of 226 meter
Hanjin to Shut Down European Ops
Some two months after filing for court receivership, the financially troubled Hanjin Shipping is looking to close its European operations, the company said in a stock exchange filing. South Korea’s former shipping giant has received permission from the Seoul District Court to shut down four of its E
Japan’s LNG imports down in September
Imports of liquefied natural gas (LNG) by the world’s largest consumer of the chilled fuel, Japan, decreased 3.5 percent in September compared to the same month in 2015.
Singapore awards Pavilion, Shell LNG import permits
Singapore’s Energy Market Authority (EMA) selected Pavilion Gas and Shell as importers of the next tranche of LNG for Singapore.
OCEAN Alliance Receives Approval from FMC
The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016. The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (O