South & Central Asia
Euronav Pushes Delivery of Two VLCCs at HHI
Antwerp-based tanker owner and operator Euronav NV has agreed with South Korean shipbuilder Hyundai Heavy Industries (HHI) to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. Previously expected to be delivered between October and November
Technip wins subsea work in Malaysia
Technip has been awarded a subsea contract by Petronas Carigali for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia. Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4
Huawei, LTI Partner on Middle Package of Palapa Ring Project
Huawei and PT.LEN Telekomunikasi Indonesia (LTI) have signed an agreement to design and construct a portion of the Palapa Ring Project in Indonesia. The Palapa Ring is a broadband network project that is led by Indonesian government for the purpose of increasing broadband penetration in the more rem
Tokyo Gas buys stake in New York gas-fired power plant
Tokyo Gas’ unit Tokyo Gas America acquired a 25 percent interest in a 635 MW Empire natural gas power plant, through a joint venture company TTK Power.
Mermaid Maritime Axes CFO
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has notified that, as of today, October 14, 2016 Raza Ullah Khan will no longer be performing his duties of the company’s chief financial officer. Raza Ullah Khan, who was just appointed over a month a
Mermaid relieves CFO of duty, executive VP resigns
International subsea and offshore drilling services company Mermaid Maritime has relieved its chief financial officer (CFO) of his duties. In addition, Mermaid’s executive VP has decided to resign from his position. Mermaid said on Friday that the company’s CFO, Raza Ullah Khan, was relieved of his
Technip Scoops Petronas Malaysia Subsea Work
Technip has been awarded a subsea contract by Petronas, for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia. Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4” to 6”,
Report: India targets 50 mtpa LNG import capacity
India will reportedly be importing over 50 million tons a year in the future, more than doubling its current import capacity.
AAL Sets Up Gulf-Asia Semi-Liner Service
Singapore-based breakbulk, project cargo and heavy lift carrier AAL has launched a new, scheduled Gulf-Asia semi liner-service. The new semi-liner service calls the ports including Mumbai (India), Karachi (Pakistan), Ras Laffan (Qatar), Umm Qasr (Iraq), Doha (Qatar), Jebel Ali, Muscat (Oman), Chenna
MacGregor Wins Pusnes Contract for New VLOCs
MacGregor, part of Cargotec, a Finnish provider of cargo-handling machinery for ships, has won Pusnes deck machinery orders for a new series of 400,000 dwt very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding Heavy Industries. MacGregor will deliver hig
Chevron working to meet $2B asset sales target in 2016
U.S. oil giant Chevron is looking to divest its assets in Bangladesh, aiming to fulfill its assets sales program set at between $5 and $10 billion in 2016 and 2017. Earlier this year, as part of its previously announced divestment plans, Chevron sold 19 fields in the U.S. Gulf of Mexico to Cox Oil f
ZIM Adds China Express Northwest Service
Israel’s shipping company Zim Integrated Shipping Services (ZIM) plans to launch an additional service on its Asia-Pacific North West trade route, China Express Northwest Service (CEN), starting from October 25, 2016. The new service has the following rotation: Xingang, Qingdao, Shanghai (China), Pr