Africa
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (May 1-7, 2017). Damen Cutter Suction Dredger 350 Delivered to Heuvelman Ibis A Damen cutter suction dredger (CSD) 350 has been delivered from Damen Dredging Equipment in Nijkerk, the Netherlands, to start work on
International offshore rig count for April down year-on-year
The international offshore rig count in April – meaning active rigs – was 201, an improvement March when the number stood at 197. Year on year, however, the April number shows a drop of 19 units when compared to 220 counted in April 2016. This is according to a monthly rig count provide by the [&hel
Bassoe: The hunt for offshore rig deals continues
With rig owners and investors looking to scoop up assets at more realistic – but still low – values, transaction activity is picking up. And it’s set to continue. By David Carter Shinn We’ve been saying it for a few months: the offshore market looks better than it did six months ago. But there’s sti
BIMCO: Increased Crude Oil Tanker Demolition a Positive Sign
A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of 2017, heading to the expected demolished capacity of 9 million for the full year, according to BIMCO. The year so far has seen eight crude oil tankers form for demolition, including two
OPEC committed to output cuts. Extension far from done deal, survey says
The ten OPEC members’ crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today. OPEC is still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by decline
Subtech Bags Middle East and West Africa Contracts
Subtech, a James Fisher company, has re-entered the offshore market with new contract wins in the Middle East and West Africa, after six years of focusing solely on marine and subsea services in Sub-Saharan Africa. The company has reportedly just started on a cable installation project for Saipem in
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move to cut output.
DEME scores Angola LNG dredging contract
Belgian dredging specialist DEME has secured a contract from the Chevron-led Angola LNG project. Angola LNG awarded a 5-year maintenance dredging contract to DEME for its LNG export terminal located in Soyo. Works will start by mid of June 2017, DEME said in a statement on Friday without revealing a
New Contracts in Africa for DEME
DEME has just announced that they won several new contracts in Africa with a total value of approximately EUR125 million. The contracts were awarded over the last few weeks for projects in Angola, Benin, Ghana, Ivory Coast, Liberia and Nigeria. In Angola, a 5-year maintenance dredging contract has b
VV: Newbuilding Orders Drop in April
Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report released by Vessels Value. When compared to April 2016, newbuilding orders have decreased by 27.6 percent. Out of 21 orders placed in April 2017, five were for bulkers and sixteen for
IMB: 58 Seafarers Kidnapped in Q1, 2017
Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to the latest ICC International Maritime Bureau’s (IMB) piracy report. The global report highlights persisting violence in piracy hotspots off N
Video: TP Ocean’s take on ocean energy insurance
TP Ocean has released the recording of the recently held webinar that analyzed the current situation and solutions for mainstreaming warranties, guaranties and insurance in ocean energy.