South & Central Asia
Report: German Ports Open to Stranded Hanjin Boxships
South Korea’s financially troubled ocean carrier Hanjin Shipping has been cleared to unload and load containers at German ports after a German court accepted the company’s request for stay of proceedings, Yonhap News Agency reports. Apart from Germany, Hanjin has had its stay of proceedings requests
Sinopec completes first deepwater ROV project
Sinopec Offshore Oilfield Services Company has completed its first deepwater ROV (Remotely Operated Vehicle) project offshore China. China’s Sinopec said that the ROV patrolled 113 kilometers of subsea pipelines at a depth of 1,400 meters. According to the Chinese company, the operation was complete
Sirius Orders Two Tankers at AVIC Dingheng
Swedish shipping company Sirius Shipping has placed an order for two 7,999 dwt oil/chemical tankers at China’s AVIC Dingheng Shipyard. The two vessels are scheduled for delivery in 2018, Sirius said without revealing the value of the contract. The 9,500 cbm tankers will have ICE class 1A and will be
More Peruvian LNG bound for Spain
Peru’s natural gas liquefaction and export facility at Pampa Melchorita shipped another cargo to Spain on Tuesday.
Chubu, Inpex to start electricity supply to city gas companies
Two Japanese companies, Chubu Electric Power and Inpex, on Friday informed they will begin supplying electricity to Seibu Gas, Matsumoto Gas and Suwa Gas sourcing power from Chubu’s unit, Diamond Power Corporation.
South Korea imports less LNG in Aug
Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 7 percent year-on-year in August, according to the customs data. South Korea imported 1.97 million mt of LNG in August, as compared to 2.12 million mt in the corresponding period in 2
Engie to supply 10 LNG cargoes to Beijing Gas Group
French energy giant Engie has been awarded a tender by China’s Beijing Gas Group last month for the supply 10 cargoes of liquefied natural gas.
MPC Capital Sells M-Star Boxship Fleet
MPC Maritime Investments GmbH, a subsidiary of German asset and investment manager MPC Capital AG, has arranged the sale of a portfolio of eight container ships for a price of around USD 398 million. The buyer of the ”M-Star” fleet comprising eight 8,500 TEU container ships is an Asian finance syndi
Oil bet gone wrong: rusting tankers and rigs clog up Asian waters
Some 15 km (9 miles) from the bustling port of Singapore,a rusting tanker as big as the world’s largest aircraft carriers lies idle in a muddy estuary flanked by mangrove trees on the coast of southern Malaysia.
Peter Döhle and Sirius Start Crew Management JV in the Philippines
German shipping company Peter Döhle Schiffahrts KG and Genoa-based Sirius Ship Management have joined forces to provide recruitment, training and career development to the Filipino seafarers in Manila. Peter Döhle Schiffahrts has already invested in an ETCC (European Training and Competence Centre)
Rickmers Floats Revised Debt Restructuring Plan
Rickmers Trust Management, the trustee-manager of the container ship owner and operator Rickmers Maritime, has presented a revised restructuring plan in relation to the SGD 100 million (USD 74 million) 8.45% notes due 2017 after taking feedback from its informal meeting with noteholders on 15 Septem
Pavilion Energy, ExxonMobil developing LNG bunkering solutions in Singapore
Singapore-based Pavilion Energy, a Temasek company, and U.S. energy giant ExxonMobil are collaborating to develop solutions for liquefied natural gas (LNG) bunkering and other downstream developments in Singapore. “Together, we hope to embark on a journey of learning and establishing LNG bunkering p