South & Central Asia
UK Regulator Approves Baltic Exchange Takeover
UK’s Financial Conduct Authority (FCA) approved of Singapore Exchange’s acquisition of London-based Baltic Exchange Limited on October 13, the Baltic Exchange confirmed. The approval comes on the back of the green light received from Baltic Exchange’s shareholders on the GBP 87 million takeover deal
India: September LNG imports rise 32.5 pct YoY
India’s imports of liquefied natural gas (LNG) increased 32.5 percent in September as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The country imported 2,375 million metric standard cubic metres (mmscm) of LNG in Septem
Sofec to build external turret for Chevron’s Benchamas 2 FSO
Sofec has received a letter of award from MISC Offshore Floating Terminals (MOFT) for the supply of an external turret for a floating, storage and offloading (FSO) vessel to be installed in the Gulf of Thailand. Sofec, a subsidiary of Japanese floating production vessel provider MODEC, said last wee
Perisai Petroleum looking at options as noteholders request ‘immediate’ payment
Perisai Petroleum, an oilfield services provider from Malaysia, has received a notice from its noteholders, demanding an immediate payment of the redemption amount of the S$125 million notes together with interest. To remind, Perisai had hoped it would be able to delay the payment date of S$125 mill
KBR wins pre-FEED study for LNG terminal in Indonesia
LNG engineer KBR said it has won a pre-front end engineering and design (FEED) study for Australasia LNG Indonesia’s proposed LNG Hub terminal in Probolinggo, East Java, Indonesia.
Sakhalin II LNG expansion FEED documents almost complete
Gazprom and Mitsubishi Corporation said that the development of the FEED documents for Sakhalin II LNG plant’s third liquefaction train are close to completion.
South Korea: Sep LNG imports down YoY
Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 13.8 percent year-on-year in September, according to the customs data. South Korea imported 2.24 million mt of LNG in September, as compared to 2.59 million mt in the corresponding mo
IHC Wins Culzean FSO Equipment Order
Royal IHC has signed a new contract for the engineering, procurement and construction of a tandem mooring and offloading system for an FSO vessel (floating, storage and offloading). The offloading system will be placed on the FSO vessel on behalf of Sembcorp Integrated Yard in Singapore. The vessel
Cochin Shipyard to Build Small-Scale LNG Carriers
India’s Cochin Shipyard Limited is looking to design and construct small-scale liquefied natural gas (LNG) carriers as the shipbuilder signed a Memorandum of Understanding (MoU) with M/s Engineers India Limited on the project. Signed on October 16 in Kochi, the MoU is part of the initiative under th
Keller’s Gearbox for Cutter Suction Dredger Xin Hai Kun
Keller, a German manufacturer of special gearboxes, in Autumn 2015 received the request from the Chinese dredging company CCCC Shanghai Dredging Co., Ltd. for the modification and upgrade of the cutter drive aboard the cutter suction dredger Xin Hai Kun. The new design required a power increase of u
Spotted: Happy Rover Sails the North Pole in One Season
In today’s spotted we bring you an image of BigLift Shipping’s Happy Rover that became the first heavy lift vessel ever to have sailed the Northern Sea Route (NSR) and the Northwest Passage within one season. The 12,950 dwt Happy Rover is also the first vessel to use the shortest of the Northwest Pa
Byzantine Maritime Orders LR2 Tanker in South Korea
Greek ship owner and operator Byzantine Maritime Corp. has decided to enter the tanker market as it placed an order for an LR2 tanker at South Korean shipbuilder Daehan Shipbuilding, according to data provided by VesselsValue. Featuring 114,900 dwt, the ECO tanker is scheduled to join its owner in 2