The International Monetary Fund (IMF) and the Government of Gabon have reached an agreement for a $147 million facility to help the country address the challenges that have arisen due to the global COVID-19 pandemic and oil price crash.
Dredging Today brings you an overview of the most popular stories from the past week (April 20-26, 2020). Julong CSD Kicks Off Dredging Work in Su Ya Lake, China Julong’s two unit 20-inch dredger CSD500, equipped with France Baudouin brand diesel engine with total power of 2000hp, is starting the
The Panama-flagged bulk carrier Top Grace, which was detained in South Africa last month after it was found that its crew threw overboard two stowaways has been released, according to the South African Maritime Safety Authority (SAMSA). The captain and the crew of the ship have pleaded guilty before
One of the biggest sand quarries on the Moungo River in Cameroon is now relying on Dragflow pumps for their sand extraction. The Moungo river in Cameroon has always been known for having the best quality sand for construction purposes around Douala. According to Dragflow, one of the main issues in t
Bombora has completed a metocean survey off the Spanish Canary Island of Lanzarote, as part of 3MW wave park project. Data collected provides the physical and also environmental characteristics at the site to progress to the design and development phase. Bombora, together with Enzen Spain, is part o
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world
Sound Energy said Thursday it could delay a project aimed at developing a small-scale liquefied natural gas facility in Morocco due to the uncertainty created by the Covid-19 coronavirus pandemic. The Morocco-focused upstream gas company announced plans earlier this year for the micro-LNG project to
Two bulk carriers with at least 25 seafarers on board have been left to their own devices at anchor in the Port of Djibouti at the peak of the COVID-19 pandemic. According to the International Transport Workers’ Federation (ITF), the two ships have been arrested over unpaid debts and the ships have
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
Royal IHC has successfully handed over the 2,500m³ trailing suction hopper dredger (TSHD) River Thames to DEME. The vessel, designed and build by IHC, is based on the 2,300m³ TSHD Lesse, delivered to Baggerbedrijf de Boer by IHC in 2019. The dredger is designed to maintain sea and inland waterways,
Since the outbreak of the COVID-19 virus, and the consequent containment measures taken by national governments, the dredging industry has adapted quickly to the changing circumstances in order to guarantee the safety of their employees, and the direct project environment, and ensure that important
