South & Central Asia
Next Step in the Construction of Corozal Port
The Panama Canal Authority (ACP) has issued a Request For Proposals (RFP) to the four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, in the Pacific entrance of the Panama Cana
Sodexo scores more work with Seadrill and Shell
Sodexo, a catering and facilities management company, has expanded two facilities management services contracts with offshore drilling contractor Seadrill and oil and gas major Shell. Sodexo said on Monday that Seadrill had been a client since 2008 and in that time Sodexo has expanded operations fro
BIMCO Calls IMO Study on Low Sulphur Fuel Availability in 2020 ‘Flawed’
International shipping association BIMCO has raised concerns over data on available fuel ahead of Marine Environment Protection Commitee (MEPC) decision on the 0.5% global sulphur cap implementation date. Namely, BIMCO said that the official International Maritime Organization (IMO) study which asse
Westports Achieves Major Milestones
YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industries (MITI), recently visited Westports and was briefed on the progress of the latest container terminal expansion program. The Container Terminal 8 (CT8) expansion is being undertaken in two phases and the construction work of
Oil eases off four-month high as speculators doubt deal to cut output
By Karolin Schaps LONDON (Reuters) – Oil eased off four-month highs on Monday as doubts that oil producers can reach a meaningful output cut deal prompted some speculators to unwind bullish bets. Global benchmark Brent crude futures <LCOc1> were down 9 cents at $51.84 a barrel at 1029 GMT, around 2
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
ISTANBUL (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said he was optimistic a global production deal to limit supplies could be reached by November. Speaking at the World Energy Congress in Istanbul, Falih said OPEC,
Royal IHC Hands Over Hopper Dredger JUN YANG 1
The handing over ceremony of Asia’s largest trailing suction hopper dredger (TSHD) JUN YANG 1 is being held this morning in Guangzhou City, China. Built by Royal IHC in the Netherlands, the dredger will be handed over to China Communications Construction Company’s Guangzhou Dredging Co., Ltd. (GDC).
KBR wins Singapore LNG terminal expansion feasibility study
LNG Engineer, KBR, on Monday, said it won a feasibility study that includes the possible expansion of the Singapore LNG Corporation’s liquefied natural gas terminal on Jurong Island.
Report: MHI to Reduce Shipbuilding Activities?
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) is planning to cut its shipbuilding activities as the company decided to cease taking orders for large passenger ships, Nikkei newspaper cited undisclosed sources. The company reportedly opted for the move amid a plunge of 80 percent in new shipbuildin
Air Liquide BOG tech ordered for GasLog’s LNG newbuilds
Air Liquide said it has won an order to provide two “TBF-1050” Turbo-Brayton LNG sub-cooling units to be installed on two 174,000-cbm X-DF liquefied natural gas carriers being built by Samsung Heavy Industries.
MOL Sells LR1 Tanker for USD 18 Mn
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has further decreased its fleet as it opted to sell its 2007-built LR1 tanker Classy Victoria, according to data provided by VesselsValue. Build by Japan’s Onomichi Dockyard, the vessel was sold to an unknown buyer for a price of USD 18 milli
PT Gunanusa wins more work on PTTEP’s Zawtika project
Indonesian platform builder PT Gunanusa Utama Fabricators (PTG) has won a second contract award worth around $150 million from Thailand’s PTTEP for a project offshore Myanmar. Namely, in September this year, PT Gunanusa was awarded an engineering, procurement, construction, and installation (EPCI) c