Asia
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ONGC, OIL and BPCL to invest $12bn in Mozambique gas field
Mumbai: Indian public sector enterprises Oil & Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and refiner Bharat Petroleum Corporation…
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HMM negotiates dry bulk fleet sale with Taiwanese securities house
Seoul: The Seoul Economic Daily reports that Hyundai Merchant Marine (HMM) has entered negotiations with Taiwan securities house Yuanta to…
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SCI puts its container division on six-month probation
Mumbai: Seriously concerned at the extremely low profits turned out by the container sector in its portfolio, Shipping Corporation of…
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ABG Shipyard to bring in equal partner by August
Mumbai: India’s largest private sector shipbuilder ABG Shipyard is in talks with local and overseas companies to divest 50% of…
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Keppel boss says no rigs ordered ‘across the board’ in the first quarter
Singapore: The dramatic fall in oil prices has seen no oil rigs ordered “across the board” in the first quarter,…
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New NYK president demands ‘rational approach’ to fleet development
Tokyo: The new president of Japanese shipping line, Nippon Yusen Kaisha, has vowed to be more prudent when it comes…
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Ezra clinches $55m of new contracts
Singapore: Singapore-listed integrated offshore service provider Ezra Holdings has announced that the group’s subsea service division, EMAS AMC, has won…
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Indo-Bangla pact for moving foodgrains by inland waterways
New Delhi: India is to sign a long-term treaty with Dhaka for transporting foodgrains to its north-eastern states on a…
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Lundin Petroleum finds oil offshore Malaysia
Kuala Lumpur: Lundin Petroleum has announced that its wholly owned subsidiary Lundin Malaysia has achieved first oil from the Bertam…
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Shippers are demanding greater transparency from shipowners
Singapore: The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping industry focused on uniting commercial growth with…
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Swiber completes India hat-trick with EPIC deal
Singapore: Swiber Holdings has announced its third contract signed in India this year, the latest a $133m engineering, procurement, installation…
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Daehan boss nominated for STX Shipbuilding post
Seoul: In the current Korean shipyard executive merry-go round orchestrated by creditor banks Lee Byung-Mo has been put forward by…
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Bumi Armada wins $300m Malta FSU deal
Kuala Lumpur: Bumi Armada has said that it has entered into agreements with ElectroGas Malta for the conversion, supply and…
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Essar Energy to start drilling in India and Vietnam
Kuala Lumpur: Essar Energy plans to start exploratory drilling at its blocks off Mumbai and Vietnam in September or October,…
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Japanese shipbuilding giants join forces for LNG repair venture
Tokyo: Japan’s ongoing consolidation of its shipyard scene has seen two of the biggest names in the sector come together…
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Cochin Shipyard to build multipurpose vessels for offshore industry, Navy
Cochin: The Indian government owned Cochin Shipyard Ltd (CSL) is to construct multi-purpose vessels for the offshore industry as well…
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Global port operators reject Indian shipping ministry’s re-bid offer
New Delhi: The contentious issue of regulated port tariffs has once again come in the way of resolving the stand-off…
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Keld Pedersen takes over as MD of Gujarat Pipavav Port
Mumbai: Keld Pedersen will succeed Prakash Tulsiani as managing director of the APM Terminals (APMT) operated Gujarat Pipavav Port (GPPL),…
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Chinese seafarer kills two colleagues
Manila: In a horrific attack, a Chinese seafarer killed two of his colleagues with a knife, and injured another crewmember…
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Mercator’s Singapore dry bulk division admits financial difficulties
Singapore: The dry bulk subsidiary of one of India’s best known names in shipping has admitted it is in serious…
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