South & Central Asia
Japanese partners sanction construction of new LNG power plant
Fukushima Gas Power project’s founding shareholders reached a decision to start the construction of a natural gas-fired power plant at Soma Port in Shinchi Town and approved the participation of three new project partners.
MAKO tidal turbine tackles Tasmanian tides
A tidal energy turbine has been installed in the Tamar estuary in Tasmania as part of a joint project between the Australian Maritime College (AMC) and tidal energy developer MAKO Tidal Turbines.
Facebook, Google, PLDC and TE SubCom Team Up on Hong Kong-US Subsea Link
TE SubCom, along with Facebook, Google, and PLDC (Pacific Light Data Communication), announced that they will co-build the Pacific Light Cable Network (PLCN), a 12,800 km transpacific submarine cable system that will provide the first direct undersea route between Hong Kong and Los Angeles, Californ
Genting Dream Handed Over to Dream Cruises
German shipbuilder Meyer Werft delivered the new cruise ship Genting Dream to the Asian cruise operator Dream Cruises in Bremerhaven on October 12. After being handed over to the owner in Bremerhaven, the 335-meter long Genting Dream will set sail to Pacific Asia where it will offer cruises for two,
Shell sells oilfields offshore Malaysia
Oil and gas giant Shell is divesting several of its offshore fields in Malaysia. The company has signed a deal with Hibiscus Petroleum to sell its entire fifty percent participating interests in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (“PSC”). Hibiscus will buy Shell’s
SHI to Build Four Tankers for Norwegian Owner
Norwegian Viken Shipping has ordered four oil tankers from South Korea’s shipbuilder Samsung Heavy Industries under a contract worth around KRW 240 billion (USD 213 million), according to Yonhap News Agency. Namely, the shipbuilder said that the deal involves a pair of Suezmaxes and two Aframax tank
Potential oil output deal prompts another worry: a shortage
By Ron Bousso ISTANBUL (Reuters) – While OPEC and other big crude producers work towards a deal to cap production to erode a glut, industry executives are concerned the sharp drop in investment that followed the oil price crash could lead to another crisis – a supply shortage. Over $1 trillion (£0.8
CSCL to Raise USD 1.7 Bn by Selling Shares
China’s shipping company China Shipping Container Lines is looking to raise up to CNY 12 billion (USD 1.78 billion) as it plans to issue up to 3.27 billion of A shares. The shares would be priced at a minimum of CNY 3.66 per A share, CSCL said. Additionally, the company has agreed to subscribe for s
MOL Orders New Coal Carrier from Imabari Shipbuilding
Japanese shipping company Mitsui O.S.K. Lines (MOL) has placed an order for a 140,400 dwt coal carrier at its compatriot shipbuilder Imabari Shipbuilding. The company said that the new vessel, which will be 274 meters long and 47 meters wide, would have environmental and safety features. MOL did not
Report: investment company plans 20 LNG carriers order at South Korean shipyards
An order for 20 liquefied natural gas carriers could be placed at South Korean shipyards from CBI Energy and Chemical, an investment company controlled by Australian and Canadian investors.
GTT to Equip Samsung Heavy’s New LNG Carrier
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has ordered Mark V technology to be installed aboard a new liquefied natural gas (LNG) carrier. French marine engineering company Gaztransport et Technigaz SA (GTT) was awarded the Mark V contract for the LNG carrier, which is scheduled to joi
Mitsubishi Electric to Build HVDC Verification Facility in Amagasaki
Tokyo-based Mitsubishi Electric Corporation plans to enter the global market for voltage-sourced converters (VSC) based high-voltage direct current (HVDC) systems with a new HVDC verification facility to be built at its Transmission and Distribution Center in Amagasaki, Japan, by 2018. The company s