South & Central Asia
Japan’s spot LNG arrival price down in August
The average price of spot LNG cargoes delivered into Japan in August dropped 10 percent from July, according to the data from the Ministry of Economy, Trade and Industry (METI). The average price of cargoes delivered into Japan in August reached $5.4 per mmBtu on DES basis, as compared to $6 per mmB
Main generators fired up on Ichthys two offshore facilities
The Inpex-led Ichthys LNG Project has reached a milestone with both its Central Processing Facility (CPF) and Floating Production, Storage and Offloading (FPSO) unit starting up their main power generators in the South Korean shipyards where they are being constructed. Inpex informed on Friday that,
Inpex: power on at Ichthys LNG CPF, FPSO
The Inpex-led Ichthys LNG project on Friday started up main power generators for the central processing facility (CPF) and floating production, storage and offloading (FPSO) at the South Korean shipyards.
China COSCO Disposes of Five Boxships
China COSCO Holdings Company has disposed of five containerships, one in July 2016 and four in August 2016, according to the company’s statement. The vessels in question are Na Xi He, Bu Yi He, Yu Gu He, Ha Ni He and Jing Po He, all of which were built in 1997. The boxships, featuring an aggregate c
Fjords Processing delivers equipment package for Petrobras new FPSO
Fjords Processing has completed and delivered a sulfate removal unit (SRU) and seawater injection treatment package which will be used on the Petrobras P-75 FPSO in Brazil. The company said on Thursday that the unit was built for offshore contractor QGI Brasil, who is running the FPSO topsides const
Mubadala strikes pay at Manora well
Oil and gas company Mubadala Petroleum has hit oil at the appraisal well on the Manora Oil Development located in the Northern Gulf of Thailand. Mubadala is the operator of the G1/48 concession, where the development is located, with 60% interest while its partners Tap Oil and Northern Gulf Petroleu
Alphaliner: Hanjin’s Reputation Irreparably Damaged
The poor handling of Hanjin Shipping’s collapse has done irreparable damage to the Korean carrier’s reputation, and it is improbable that Hanjin Shipping can be revived as it was despite the Seoul district court’s approval for rehabilitation granted on September 1, according to Alphaliner. A merger
IMO’s BWM Convention to Enter Into Force in September 2017
With Finland’s accession of the International Ballast Water Management Convention, the International Maritime Organization (IMO) said that the remaining condition for entry into force has been met and therefore the BWM Convention is scheduled to enter into force on September 8, 2017. IMO has approve
Video: Gas4Sea LNG bunkering vessel nearing completion
France’s Engie and Mitsubishi Corporation and NYK Line of Japan formed a partnership in 2014 to develop the LNG bunkering market through LNG bunkering vessels.
HMM, Carriers to Form Alliance to Fill in for Hanjin
The South Korean shipping giant Hyundai Merchant Marine has revealed plans to form an alliance with local container carriers, including Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping, according to Korea Herald. To be named Mini Alliance, the cooperation between the carriers wou
Euroseas Cancels Another Ultramax at Dayang
Greek owner and operator of drybulk and container carrier vessels Euroseas Ltd. has cancelled another Ultramax dry bulker, Hull Number DY 161, under construction at Sinopacific Shipbuilding’s Dayang yard in China. The 63,500 dwt ship, which was previously scheduled for delivery at the end of August
HHI Receives DNV GL Updated Approval for SkyBench Design
Classification society DNV GL has presented South Korea’s Hyundai Heavy Industries (HHI) with an updated Approval in Principle (AiP) certificate for its SkyBench design. The certificate confirms that the SkyBench design, aimed at increasing cargo capacity of large container ships, complies with the