South & Central Asia
Gener8 Maritime Sells Another Oldie for USD 28 Mn
Less than a week after it sold one of its oldest vessels, the crude oil shipping company Gener8 Maritime managed to reach an agreement to sell another oldie for a price of USD 28 million, according to data released by VesselsValue. The vessel in question is the 2001-built Very Large Crude Carrier Ge
Rickmers Paints a Bleak Picture
Rickmers Group recorded EUR 131.5 million (USD 146.9 million) loss in the first half of this year due to the weak operating results and EUR 124 million in extraordinary net impairments on vessels. Rickmers, a service provider in the maritime transport sector and a containership owner based in Hambur
Jiangsu Hantong Cuts Steel for Sinochem’s New Tanker
China’s shipbuilder Jiangsu Hantong Ship Heavy Industry held a steel cutting ceremony for a 38,000 dwt stainless steel chemical tanker being built for its compatriot shipping company Sinochem Shipping. The steel cutting, conducted on August 8, was for a vessel classified by LR and CCS, the shipbuild
KrisEnergy working to resolve Wassana field issues
KrisEnergy, an exploration and production company focused on operations in Asia, increased its production in the second quarter of 2016 to 16.611 boepd. This is an increase of 119 pct when compared to the same period of 2015, boosted by the contribution from Nong Yao and Wassana oil fields in the Gu
Marlink Orders Six Containerships from Fujian Mawei
German shipping company Marlink Schiffahrtskontor has placed an order for six Feedermax vessels with an option for another six ships at China’s shipyard Fujian Mawei Shipbuilding, according to data provided by VesselsValue. Five containerships from the batch, with a capacity of 1,162 TEU, are schedu
Drewry: Pressure Mounts on Carriers to Cut Costs
As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more industry consolidation among carriers. The
DSME orders Bestobell valves for three Arctic LNG newbuilds
Parker Bestobell Marine received a new order from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea to supply cryogenic valves for three new vessels.
Daya wins Saudi contract from Schlumberger
Malaysian company Daya Materials Berhad has won a contract in Saudi Arabia with the world’s largest oilfield services provider, Schlumberger. The company said on Monday that the deal was for the provision of specialized well services with a duration of three years. Daya added that the contract was s
Readers’ Picks of the Week (August 8 – 12, 2016)
Hapag-Lloyd Sees Disappointing First-Half Year Result German shipping major Hapag-Lloyd said its first-half year “result is disappointing,” due to subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates…
Popular news, August 8 – 14, 2016
Popular news, August 8 – 14, 2016
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 08 – August 14). Subsea 7 has acquired polymer lining technologist, Swagelining Limited. Subsea 7 and Swagelining have cooperated together as a partnership, designing and installing in excess o
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (August 8-14, 2016). VIDEO: Pythagoras Dredging Solution Pythagoras, a Belgian company involved in providing solutions for dredging, surveying, infrastructure, construction and agriculture, has just released this