South & Central Asia
Popular news, May 23 – 29, 2016
popular news Offshore Energy Today Staff
Readers’ Picks of the Week (May 23 – 27, 2016)
Interview: Ship Value in Almost All Sectors Close to Historical Lows In May 2011, the mapping, ship search and valuation provider, VesselsValue launched its business operation, introducing a new approach to vessel valuation coined the quantitative analysis… Read More European Shipyards Overtake Asia
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (May 23-29, 2016). Newbuild Cutter Suction Dredger Launched in Pula Uljanik Shipyard – located in Pula, Croatia – held a launching ceremony for new self-propelled cutter suction dredger on Saturday, May 21st 201
Top news of the week May 23-28, 2016
Angola LNG re-starts production The Chevron-led $10 billion Angola LNG project has started producing chilled gas with first cargoes to be available soon on a tender, the project’s spokeswoman told LNG World News on Tuesday. Shell to slash more jobs LNG giant Royal Dutch Shell said it will increase t
BIMCO: Demolition Spree Hits Standstill Due to Rise in BDI
Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive effect on capacity being removed from the fleet did not continue into the second quarter of 2016, as capesize demolition came to a halt, according to BIMCO. The BDI went from “devastating” i
Mermaid signs several contracts in Middle East
Mermaid Maritime has announced that it has, through its subsidiaries, signed seven different subsea contracts and two contract extensions. The contracts were obtained by Mermaid’s subsidiaries Mermaid’s Western Hemisphere (MSSW), Mermaid’s Eastern Hemisphere (MSSE) and associate Asia Offshore Drilli
Mermaid Puts Off Vessel Delivery
Mermaid Maritime and China Merchants Industry Holdings have mutually agreed to postpone the delivery of the DP2 dive support and construction vessel ‘Mermaid Ausana’ to June 30, 2017. Based on the Norwegian MT6024 design, the ‘Mermaid Ausana’ is a DP2 multipurpose subsea dive support and constructio
Stolt Tankers Sells Two More Ships for Scrap
Norwegian tanker owner Stolt Tankers, a tanker shipping arm of Stolt-Nielsen Limited, has sold two handy chemical parcel tankers for demolition in India. The two ships are 38,800 DWT Stolt Topaz and 38,700 DWT Stolt Aquamarine, built in 1986 by South Korean Daewoo Shipbuilding and Marine Engineering
Mermaid defers delivery dates for three newbuilds
Thai-based offshore contractor Mermaid Maritime has deferred the deliveries of two rigs and one subsea vessel, to get more time to find work for these assets. The company ordered the MTR-3 and MTR-4 tender rigs and the subsea construction vessel Mermaid Ausana back in 2014. In a statement on Friday,
Höegh Autoliners Names 4th Post-Panamax
Norwegian RoRo shipping company Höegh Autoliners has named the fourth vessel in its New Horizon class series, Höegh Trapper, at a naming ceremony at Xiamen Shipbuilding Industries in China. Höegh Trapper is the fourth in a series of six Post-Panamax vessels under the abovementioned design that Höegh
Report: Petronas to sell LNG to EDF Trading
Malaysia’s Petronas is reportedly looking to sign a deal with EDF Trading for the delivery of limited LNG volumes over a period of three years.
PHOTOS: Van Oord Completes Feydhoo Land Reclamation
The land reclamation operations in Addu City Feydhoo are now completed, according to the Maldives’ Ministry of Housing and Infrastructure. The Van Oord’s trailing suction hopper dredger HAM 318 started dredging and land reclamation works in this area two weeks ago. Under the contract with the Maldiv