South & Central Asia
Subsea in September
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The most attention from our industry readers was reserved for the recently launched company, Rovco. The Bristol-based firm, focused on underwater integrity, remot
North Atlantic Drilling in another delay for ‘West Rigel’ delivery
Offshore drilling contractor North Atlantic Drilling (NADL) has once again deferred delivery of a newbuild semi-submersible drilling rig, the West Rigel, built by Sembcorp Marine’s Jurong Shipyard. NADL informed on Tuesday that an amendment has been agreed with Jurong Shipyard, which extends the del
IADC Annual Report Available
The International Association of Dredging Companies (IADC) has just published their “Annual Report”, in which they present an overview of the state of affairs of the IADC and its activities in 2015. The report highlights various projects that the Association has undertaken for the year. Highlights o
Report: EGAT expects FSRU approval in November, lines up LNG suppliers
The Electricity Generating Authority of Thailand (EGAT) has reportedly started talks with a number of suppliers of liquefied natural gas as it readies plans to develop an FSRU-based import terminal.
Paris Agreement Cleared for Takeoff after EU Approves Ratification
The European Parliament has approved the ratification of the Paris Agreement by the European Union. With the approval by the European Parliament, the European Council can now formally adopt the Decision. In parallel the EU Member States will ratify the Paris Agreement individually, in accordance wit
Petronas commissions Train 9 at Bintulu LNG complex
Malaysian energy giant Petronas said that it has produced the commissioning cargo at its newly completed Train 9 at the Petronas LNG complex in Bintulu, Sarawak.
Perisai working on alternatives after noteholders reject its proposal
Malaysian offshore services provider Perisai Petroleum is working on alternatives after noteholders rejected its debt restructuring plan. Persai had hoped to receive waivers for the non-payment of principal interest for S$125 million notes due on October 3 and was hoping it would be able to defer th
Concordia Maritime Inks Sale and Leaseback for Stena Image
Swedish tanker shipping company Concordia Maritime has entered a sale and leaseback agreement for the IMOIIMAX tanker Stena Image with a Japanese financial institution. The tanker will be chartered back to Concordia Maritime on a bareboat basis for eight years, with annual purchase options from year
Clarksons: Vessel Ordering Takes a Nosedive in Q3
Overall contracting of new vessels plunged in the three-month period from July to September to a mere 88 units, according to data provided by Clarkson Research. When compared to the same period in 2015, the orders dropped by some 81 percent from 481 vessel orders. Due to an oversupply in the shippin
MES Delivers Bulk Carrier SBI Apollo
Japanese Mitsui Engineering & Shipbuilding (MES) has completed and delivered the Supramax bulk carrier SBI Apollo to NYSE-listed dry bulk owner and operator Scorpio Bulkers. The 60,000 dwt vessel, ordered in December 2013, is the shipbuilder’s 16th Eco-Ship of neo60BC design. With a length of 200 me
Report: Thai PTT nearing new LNG supply deal with Shell, BP
PTT of Thailand is reportedly set to sign a liquefied natural gas supply contract with Shell Eastern Trading and BP Singapore before the end of the year.
COSCO to Ship Modules for Kazakhstan’s Oil Field
China’s shipping firm COSCO Shipping (COSCOL) has been awarded a contract to transport modules weighing up to 1,800 tons from fabrication yards in Korea and Europe to the transshipment bases in the Black and Baltic seas. A fleet of 18 semi-submersible vessels and deck carriers will be utilized to pe