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Singapore Raises Concern over HHI-DSME Deal

Image: CCCS

The Competition and Consumer Commission of Singapore (CCCS) has expressed concern about the agreement of fusion notified from the South Korean shipbuilding groups Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering Co. (DSME).The authority antitrust of Singapore has raised

Huge Potential for Asian Offshore Wind

Photo: Danish Shipping

Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore wind – and added more capacity in 2018 than any other country.  However, what is less known,

DOF Subsea Bags APAC Contracts

Skandi Hercules. Image: DOF Subsea AS

Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020.  The contracts, for undisclosed clients in New Zealand and South East Asia, will see Skandi Hercules

Wintermar Charters PSV Duo in Indonesia

© xmentoys / Adobe Stock

Wintermar announced on Monday it has secured contracts for two platform supply vessels (PSVs) to a major oil and gas company for a total of seven years including options.The PSVs will provide deck and cargo supply runs to support the drilling operations in Eastern Indonesia.Sugiman Layanto, Managing

Kim Heng Enters Taiwan’s OWP

Image: Kim Heng Offshore & Marine Holdings Limited.

Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into a Memorandum of Understanding (MoU) for offshore wind farm projects (OWP) in Taiwan.KHSE did not disclose the name of the other signatory.Singapore headquartered integrated

Southeast Asia Bullish on OFS Market

Graph: Rystad Energy

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia, Myanmar and Vietnam,

Asian LPG Market to Cross $109Bln by 2024

Pic: Indian Oil Corporation Ltd

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.

Lloyd's Warns of Cyber Risks for Asian Ports

Pic: Lloyd's of London

Lloyd's of London report stated that the cyber-attack on major ports across the Asia-Pacific could cost losses of up to $110 billion would occur in an extreme scenario in which a computer virus infects 15 ports.Despite the high costs to business and international trade, the report showed that the

New 3D Geophysical Survey Vessel Named

Seismic vessel Tansa (Photo: NYK Group)

On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others.Through a consignment service agreement with OGF and JOGMEC,

Chinese Ship Exits Vietnam's Waters After Disputed Surveys

Haiyang Dizhi 8 (© smp / MarineTraffic.com)

A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.The Chinese vessel, the Haiyang Dizhi 8, was speeding away from Vietnam's exclusive

India to Drive LNG Capacity Growth in Asia

Image: Petroleum and Natural Gas Regulatory Board (PNGRB)

India is expected to drive capacity growth in Asia and Oceania’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 35% of the total growth.According to a Reportlinker research report on LNG regasification industry outlook in Asia and Oceania to 2023,

Temasek Bids $3 Bln for Control of Keppel

(File photo: Keppel Offshore & Marine)

Singapore state investor Temasek Holdings is offering to buy control of conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could hasten a consolidation in the rig building sector which is battling the effects of low oil prices.The announcement, which confirmed what two sources with knowledge

India to Use Bangladeshi Ports

The Minister of State for Shipping (Independent Charge) Mansukh L. Mandaviya briefing the media about the recent signing of SOP between India and Bangladesh. Photo: PIB

India can now use two crucial Bangladesh ports - Chattogram and Mongla - for shipment of its cargo, which will cut time and cost significantly, India's shipping minister Mansukh Lal Mandavia said.He has said that Indian Prime Minister Narendra Modi’s foreign policy initiative regarding use

Pelita Samudera Buys Handysize Bulker

Image: Pelita Samudera Shipping

Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million.  PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares. VesselsValue places a market value on the ship of $7.

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