Wison, KBR Partner Up on FLNG Project Wison Offshore Marine has signed a memorandum with KBR for collaboration on a 1.5 MPTA floating LNG liquefaction unit in Southeast Asia. As informed, both parties will associate and collaborate with eac

Chinas Belt and Road policy can only benefit the cruise industry Chinas Belt and Road Initiative, its benefits and the influence it could bring to Asia and overall global cruise travel market dynamics, was a discussion point at Seatrade Cru

Iranian containership runs aground off Hong Kong The 4,922-teu Iran-flagged containership Touska ran aground on a tiny islet off the southwest coast of main Hong Kong island on Sunday night. According to vessel tracking services, the fully

five rescued,one missing after fishing boat sinks in south china sea Five fishermen have been rescued and one remains missing after a fishing boat sank near the Nanpeng Islands in the South China Sea. Five rescue vessels and one helicopter

Chinas BeiDou navigation goes global as twin satellites launched Chinas BeiDou satellite navigation system is going to cover the whole world, thanks to the two BeiDou-3 satellites launched into space yesterday. The self-developed system has

A Chinese-made dredging vessel, the largest of its kind in Asia, started water testing in east Chinas Jiangsu Province Friday. The 140-meter-long vessel, with the designed capacity to dredge 6,000 cubic meters per hour, can dig as deep as 3

Foreign investment law enactment progresses Move bolsters market access modernization The enactment of Chinas new foreign investment law is progressing well, as the draft has been submitted for further discussion by the central government,

MOL Confirms Ownership Split of Yamal LNG Carriers with China COSCO Shipping Japanese shipping major Mitsui O.S.K. Lines (MOL) said today that China COSCO Shipping Corporation Limited will take an equity stake in MOLs wholly owned subsidiar

China Grows Belt and Road Business Trade between China and countries along the Belt and Road reached a value of $786 billion in the first three quarters of this year, up 15 percent on the same period last year. The Belt and Road is a trade

Nearly Half of the Worlds LNG Traverses South China Sea The South China Sea is a major route for LNG trade, and in 2016, almost 40 percent of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea. The

NYK moves to acquire remaining stake in Yusen Logistics Japanese shipping firm Nippon Yusen Kaisha (NYK) has announced an offer to acquire the remaining 40.4% equity stakes of its freight forwarding subsidiary Yusen Logistics for JPY25.6bn

Shenzhen Chiwan Sembawang Engineering to sell stake in Jutal yard Shenzhen Chiwan Sembawang Engineering has listed for sale its entire 70% equity share in offshore yard Jutal Offshore Engineering Heavy Industries. Chiwan Sembawang didnt exp

BIMCO: 45 More VLCCs Needed to Back Chinas Crude Oil Demand Growth Chinese crude oil demand needs 45 additional very large crude carriers (VLCCs) to support growth in imports of seaborne crude oil, according to BIMCOs estimates. China has r

Precious Shipping loses arbitration with Chinese yard Thai dry bulk owner Precious Shipping has revealed it has lost an arbitration over excessive fuel consumption regarding a series of ultramaxes it contracted Chinese yard Taizhou Sanfu Sh

Scorpio Bulkers closes in on resale kamsarmax from Yangzijiang Monaco based Scorpio Bulekrs is set to ink a deal for the purchase of a resale newbuilding bulk carrier. Broker sources report that the firm, lead by Emanuele Lauro, is on the v