Asia News

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Indonesia seeks foreign investors for port expansion

Indonesia is seeking US$7 billion in foreign investment to upgrade its ports as part of a five-year, Rp5,519.4 trillion (US$429 million) plan to improve its ports network, FinanceAsia said.The plan involves modernising existing ports and building new ones in the country, which is southeast Asia’s largest economy and the largest archipelago in the world.

Research and Markets: Global Subsea Control Systems Market 2015-2019: SCM, Umbilical Termination Ass

Global Trends and Forecasts to 2019" report to their offering. and developing countries. subsea production system. 2014 and 2019. like Europe, West Africa, and South America. fields would increase the demand for subsea control systems in future. production. Sea. $45 billion in 2014 to $115 billion by 2019. in the next five years as well. Norway and the U.K. European market. in 2013.

Arctic tankers on order for Yamal LNG shipments

Fifteen special Arctic ice-class LNG tankers collectively worth $US5 billion are on order for Russias massive Yamal LNG project that aims to begin shipping liquefied natural gas from Western Siberia across the top of the world to China and Japan in 2017-18.South Korean shipyard Daewoo Shipbuilding & Marine Engineering started cutting steel on the first 85…

Analyzing Dayrate And Utilization Trends In The Offshore Drilling Industry

Utilization for ultra-deepwater rigs has been falling, although in the case of semi-submersibles, it remains higher than its September 2014 low. Dayrates were slightly stronger month-over-month. The utilization rate for shallow-water backups has also been falling, but dayrates have been holding up quite well. The average market dayrate increased month-over-month.

Missing Malaysia plane report sheds little light

SINGAPORE — The Malaysia Airlines flight that went missing one year ago Sunday had an underwater locator beacon whose battery had expired in December 2012, according to an interim report on the incident.Flight 370 was also carrying 487 pounds of lithium-ion batteries that didn’t undergo the normal security screening, according to the report.

Lawfare › Exercising Maritime Asia

The latest installation of the Asia Maritime Transparency Initiative covers the annual military exercises that take place in East Asia each winter and spring. If youre interested in the details of these exercises (participating countries, troops, services, exercise specifics), you can use our interactive maps to find out more.
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The Real Northern Gateway - Alberta Oil Magazine | Canada's leading source for oil and gas newsAlber

Pipeline routes to the west, east and south are either blocked or bogged down by political and enviromental opposition. So what about heading north?It took nearly 40 years, one national inquiry and thousands of hours of negotiations, but in 2011 the National Energy Board finally approved the Mackenzie Valley gas pipeline.

Louis Dreyfus Ships Big US Ethanol Cargo To Middle East

Louis Dreyfus Commodities has shipped a large cargo of U.S. ethanol worth over $17 million to the Middle East, traders said, stoking hopes among U.S. producers of renewed appetite from some buyers overseas.Dreyfus, one of the world’s largest commodities merchants and a major ethanol player, is sending about 280,000 barrels…

Breaking Stereotypes, and Women at Sea

By Wendy Laursen 2015-03-08 18:54:13 The global maritime community is probably the most culturally diverse industry there is, yet it lags behind many other industries in the number of women in top-level positions and in the integration of women into jobs at sea. A recent report indicates that Brazil, Russia, India…

Optimism existed at maritime conference but tough to find

I was in Long Beach, California, last week, at the 15th annual Trans-Pacific Maritime Conference, where the ocean shipping industrys leaders were in abundance and optimism was in short supply. The reasons were many.First, shipping lines, logistics companies and others were licking fresh wounds. Just days before, on the heels of White House intervention…

The global tanker fleet and its changing trade patterns

Mar 3, 2015 2:40 pm EDT Global tanker fleetIn 2014, the global tanker fleet grew by 7.2 million deadweight tonnes (or mdwt), or 1.4%, led by the product sectors growth. The crude tanker fleet grew by just 2.2 mdwt, or 0.7%. The global Suezmax and uncoated Aframax fleets reduced in size by three vessels, or 0.6%…
Honeywell to provide engineering and project management for Vietnamese offshore platform

Honeywell to provide engineering and project management for Vietnamese offshore platform

Honeywell Process Solutions (HPS) will handle critical project management and engineering for yet another oil and natural gas platform that will tap energy reserves off the coast of Vietnam. Operated by Hoang Long Joint Operating Co. (HLJOC), the TGT-H5 wellhead platform located in the Te Giac Trang (TGT) Field off the…

Oil price volatility – risks and opportunities in 2015

Tanker owners are happy. VLCCs and Suezmaxes are generating strong cash flows and charterers are rushing to procure tonnage in an increasingly tight market. Commentators estimate that 40-50 older VLCCs have been commissioned on long-term charters to store crude. Are there any legal concerns with tankers being used for floating storage?

In the container ship business, its all about size

Theres no end to it. You will have someone soon displace Mitsui as the largest shipowner.This is how much size matters in the shipping industry: Bragging rights for the worlds largest container ship have changed hands four times in as many months – and will soon shift again.With weak freight rates encouraging shipping lines to send as many goods as possible in a single voyage…
Last September, Irans 75-year-old supreme leader, Ayatollah Ali Khamenei, underwent successful prostate cancer surgery. / Office of Supreme Leader

Rise of Iran's warrior class: Succession in the air with reports of Khamenei's decline - World Tribu

Special to WorldTribune.comBy Yossef Bodansky, Senior Editor, Global Information System / Defense & Foreign AffairsThere are new reports of a sharp deterioration in the health of Iranian Supreme Leader Ayatollah Ali Hoseini Khamenei [denied as propaganda by the regime].On March 4, he was reportedly hospitalized in critical…

China's maritime rise offers risks, rewards for U.S. sailors

Hull Maintenance Technician 1st Class Donipaul Briscoe, left, discusses damage control tools with members of the Chinese navy aboard the destroyer Sterett during a 5th Fleet counter-piracy exercise in December.(Photo: MC3 Eric Coffer/Navy)As part of the U.S. military's shift to the Asia-Pacific region, the Navy is dispatching…

Marine Corps brings emergency medicine to the battlefield

Marines and sailors test a telemedecine device being developed by the Corps' Futures Directorate. It monitors vital signs and broadcasts them to a remotely located doctor who can lend his expertise to a corpsman treating casualties in the field.(Photo: Marine Corps video screen shot)As the Marine Corps reorients toward crisis response missions in Africa and the Asia-Pacific region…

Foreign Minister Wang Yi Meets the Press

On 8 March 2015, the Third Session of the Twelfth National People's Congress held a press conference at the Press Center of the Two Sessions. Foreign Minister Wang Yi was invited to answer questions from Chinese and foreign media about China's foreign policy and external relations.Wang Yi: Friends from the press, good morning. Today is the International Women's Day.

Freighters built bigger as sea rates fall

This is how much size matters in the shipping industry: Bragging rights for the world's largest container ship have changed hands four times in as many months -- and will soon shift again.With weak freight rates encouraging shipping lines to send as many goods as possible in a single voyage, Samsung Heavy Industries Co.…

IMO Studies Asian Passenger Vessel Safety

By Wendy Laursen 2015-03-07 18:19:39 IMO conducted a hazard identification (HAZID) exercise for non-SOLAS passenger ships in the Philippines last week. The aim is to develop a template for the use of the HAZID by other IMO member states, as a way of enhancing the safety of domestic passenger services.The exercise…