South & Central Asia
COSL expands fleet with new anchor handlers
China’s Wuchang Shipbuilding has delivered two anchor handlers to its compatriot China Oilfield Services Ltd (COSL). According to Wärtsilä, a Finnish company which designed the vessels, the two Anchor Handling Tug Supply (AHTS) vessels were delivered in September. The AHTS vessels are based on Wärts
BW LPG Ups Offer for Remaining Shares in Aurora LPG
Singapore’s gas carrier owner BW LPG has decided to increase its offer for all the remaining shares in Oslo-listed Aurora LPG. Following discussions with the Board of Directors of Aurora LPG, the company has increased the consideration in the offer to either 0.3175 shares in BW LPG and NOK 7.40 in c
Drewry: Container Shipping World Shrinks amid Mergers, Acquisitions
Shippers could face fewer choices and higher rates in the long run as the container shipping world continues shrinking due to an increase in merger and acquisitions and carrier failures, according to shipping consultancy Drewry. Following Hanjin Shipping’s filing for court receivership, the containe
Qatargas, GEIL confirm LNG supply deal
Qatargas on Saturday held an official signing ceremony for the previously announced LNG supply deal with Pakistan-based Global Energy Infrastructure Limited (GEIL).
Highlights of the Month: September 2016
Areva Sells Its Stake in Adwen to Gamesa for EUR 60 Million Areva has decided to sell its 50% stake in the offshore wind turbine manufacturer Adwen for EUR 60 million to Gamesa, with which Areva had a 50-50 ownership in the joint venture and which is now in a merger process with Siemens. Borssele [&
Hokkaido Gas inks LNG deal with Mitsui
Japan’s Hokkaido Gas said it had signed a basic agreement on Friday to purchase liquefied natural gas (LNG) from Mitsui & Co. Hokkaido Gas said in a statement it would buy two to three LNG cargoes with a capacity ranging from 130,000 tonnes to 200,000 tonnes for a period of 10 years starting from Ap
DW: OPEC faces a ‘huge challenge’ after output reduction deal
OPEC’s surprise announcement last Wednesday of a preliminary output reduction agreement seemed to be the development the oil & gas sector had been waiting for, Douglas-Westwood, an energy intelligence group, has said in its latest DW Monday report. By the middle of Thursday afternoon GMT, stock pric
Amec Foster Wheeler bags Ichthys award
Amec Foster Wheeler has been awarded a consultancy contract by Inpex, Japan’s oil & gas exploration and production company, for the Ichthys Liquefied Natural Gas (LNG) Project in Australia. Ichthys is the largest discovery of hydrocarbon liquids in Australia in the last 40 years. The company said on
Popular news, Sep 26 – Oct 2, 2016
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Top news of the week Sep. 26-Oct. 1, 2016
Another Cheniere executive joins Souki at Tellurian Tellurian Investments on Monday said that another former executive of Cheniere Energy, R. Keith Teague, joined the company as executive vice president and chief operating officer. U.S. senators call for slowdown of LNG export approvals A number of
DFDS Orders Two Ro-Ro Ships
Danish shipping and logistics company DFDS has placed an order for two new freight ships (ro-ro) at China’s shipbuilder Jinling Shipyard. Scheduled for delivery at the beginning of 2019, the order is part of DFDS’ ongoing fleet renewal to accommodate freight growth, increase operational efficiency a
Readers’ Picks of the Week (September 26-30, 2016)
Drewry: Hanjin’s Misfortune Leaves Gap at THE Alliance Following the bankruptcy of South Korea’s container carrier Hanjin Shipping, the proposed carrier grouping THE Alliance is left at a size disadvantage to both its future rivals… Read More Hanjin Marine Arrives at NWSA Terminal The Hanjin Marine