South & Central Asia
Oil rises after month of steady decline but oversupply still weighs
By Henning Gloystein SINGAPORE (Reuters) – Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by plentiful crude supplies, a flood of refined products, and a weakening economic outlook. Brent crude was at $43.72 per b
All Set for ‘Dredging in India’ Conference
The 7th Annual Conference ‘Dredging in India’ will take place on August 23-24, 2016, at ITC Maratha, Mumbai. The mission of this conference is to highlight the key trends and opportunities in the sector and discuss the key challenges. The event, organized by India Infrastructure Publishing, will foc
James Fisher buys Singapore’s diving equipment provider
James Fisher, a provider of services to the marine, oil and gas industries, has announced the acquisition of the entire share capital of Lexmar Engineering and Lexmar Sat Systems, that provide diving equipment and saturated diving systems. James Fisher said on Monday that the initial consideration i
ABS expands in India to meet ‘growing demand’
ABS, a provider of classification services to the global marine and offshore industries, has announced an expansion of its captive delivery center in Pune, India. The company explained on Monday that the expansion was due to demand growth for the ABS Nautical Systems Software that spurred hiring. AB
Popular news, July 25 – 31, 2016
Popular news, July 25 – 31, 2016
MV Benita Sinks while En Route to India
The bulk carrier MV Benita, which was under tow en route from Mauritius to India, sank some 93.5 nautical miles from Mauritius on July 30, according to Greek company Five Oceans Salvage. The vessel turned over by the stern at approximately 13:35 local time, after having earlier taken a severe stern
Readers’ Picks of the Week (July 25 – 29, 2016)
USD 43.8 Bn Fleet Awaiting Delivery in 2016 During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end… Read More Alphaliner: Weak Earnings Lea
Paris MOU to Inspect Working and Living Conditions on Ships
The Paris Memorandum of Understanding (MoU) on Port State Control will launch a Concentrated Inspection Campaign (CIC) on the Maritime Labour Convention, 2006 (MLC,2006). The aim of the CIC is to verify that the minimum standards for working and living conditions have been implemented on board. This
Statoil drops Bressay platform order at Daewoo
Norwegian oil company Statoil has canceled an option for a fixed platform for a UK North Sea development from South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering. According to the shipbuilder’s regulatory filing on Friday, Statoil canceled the order for the fixed platform for the Br
Interview: Government support essential to industrialize tidal
In the light of the recently announced tidal energy project in Japan, as well as other major tidal energy projects set for delivery this year in France and Canada, Tidal Energy Today spoke with Mr. Brendan Corr, CCO of the company at the forefront of tidal energy industry – OpenHydro.
Dryad: Kidnappings Continue in Gulf of Guinea
The Gulf of Guinea witnessed a continuation of the high levels of piracy seen in the first quarter of the year as 14 attacks occurred off the Niger Delta in April alone, resulting in the kidnapping of 10 crew from three vessels, according to data released by UK’s maritime intelligence and operations
USD 1.42 Bn Order Scrapped at DSME
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) said that an order worth KRW 1.58 trillion (USD 1.42 billion) has been cancelled. According to the company’s stock exchange filing, the order was for one fixed oil production platform, placed in 2013 by a European ship