South & Central Asia
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 26 – October 02). Technip Offshore Finland is reportedly sending home its entire workforce employed at construction yard in Pori. According to Finish media, layoffs for 288 yard workers shou
South Korea to Invest over USD 13 Bn in Port Expansions
South Korea has revealed its plans to invest some KRW 14.7 trillion (USD 13.3 billion) into the expansion of the country’s ports, according to data released by South Korea’s Ministry of Oceans and Fisheries (MOF). The investment, scheduled to be undertaken in the period from 2016 until 2020, is aime
Diana Shipping Pushes Delivery Dates of Two Bulkers
Greek dry bulk ship owner Diana Shipping has signed two addenda to extend the delivery dates of the two Newcastlemax dry bulk carriers, Hull No. H2548 and Hull No. H2549. Under the deals, signed with China Shipbuilding Trading Company (CSTC) and Jiangnan Shipyard (Group), the delivery date of the Hu
Report: Petronas considering sale of PNW LNG stake
Malaysian giant Petronas is reportedly contemplating a sale of a majority stake in the Pacific NorthWest LNG project that has recently been awarded the clearance by the Canadian Federal government.
Newbuilt Methanol Carrier Delivered to MOL
Tokyo-based shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) took delivery of the 50,000 dwt methanol carrier Manchac Sun from the Japanese shipbuilder Minaminippon Shipbuilding on September 28. Equipped with 2-stroke dual-fueled low-rev main engine capable of running on methanol, the eco-ship was orde
MOL Signs Deal for USD 988 Mn Loan
Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 million) loan as it is looking to expand into the liquefied natural gas (LNG) carrier and offshore businesses. MOL said it will use the hybrid loan, which has a maturity date of Septemb
DW: Struggle ahead for offshore oilfield services. Onshore picking up from 2017
Offshore oilfield services companies are set for a long and bumpy road ahead, Douglas-Westwood, an energy consultancy, said in its recent report. As for the onshore oilfield services, DW feels the sector has reached its nadir, and it is expected to start recovering. As said above, DW’s projection fo
MISC takes delivery of Seri Camellia LNG carrier
Malaysian LNG shipper MISC, a unit of energy giant Petronas said it has named and taken delivery of the 150,200-cbm LNG newbuild, the Seri Camellia at the Hyundai Heavy Industries shipyard.
MISC Berhad Names New LNG Carrier Seri Camellia
Malaysia International Shipping Corporation (MISC Berhad) held the naming and delivery ceremony of its new liquefied natural gas (LNG) carrier Seri Camellia. Seri Camellia will now depart on its maiden voyage from South Korea to Bintulu, Malaysia. The 150,200 cbm carrier is the first in a series of
World’s First LNG-Fueled PCTC Joins UECC’s Fleet
The world’s first LNG-fueled Pure Car and Truck Carrier was delivered to Norway-based shipping firm United European Car Carriers (UECC), equally owned by NYK Line and Wallenius Lines, from Kawasaki Heavy Industries on September 29 at the NACKS shipyard in Nantong, China. To be named Auto Eco upon re
LNG-fueled PCTC Auto Eco delivered
United European Car Carriers, equally owned by NYK and Wallenius Lines, took delivery of the LNG-fueled pure car and truck carrier from Kawasaki Heavy Industries on September 29 at the NACKS shipyard in Nantong, China.
Offshore WIND International Business Guide 2017 Seeks Cover Photo
The Offshore WIND International Business Guide 2017 will be launched in January 2017 and will continue to successfully display a large amount of companies who are active in offshore wind industry. Already in its sixth edition, the latest business guide contains more companies than ever proving that