South & Central Asia
Top news of the week April 4-9, 2016
Chevron says Gorgon shutdown to last up to two months, delivers first cargo to Chubu Energy giant Chevron said on Wednesday it expects to resume production at its US$54 billion Gorgon LNG project in Australia in 30-60 days after the Barrow Island facility was shut down due to mechanical problems. IH
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 4-10, 2016). Boskalis Completes Acquisition of STRABAG Wasserbau Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. D
Vale, ICBC Sign Long-Term Iron Ore Transport Deal
Brazilian mining major Vale has signed a 27-year iron ore transport deal with ICBC Financial Leasing, the leasing arm of Industrial and Commercial Bank of China. Under the contract of affreightment (COA), ICBC will transport about 16 million tons of iron ore annually for Vale from Brazil to China st
CMES Names New Bulker Pacific Talisman
The Chinese state-owned shipping operator China Merchants Energy Shipping (CMES) has named its new bulk carrier Pacific Talisman at Dalian COSCO KHI Ship Engineering (DACKS). Featuring a weight of 61,000 tons, the new bulker is equipped with energy saving technology, according to its owner. With the
CSCL Chooses Wärtsilä’s Auxpac 32 for Its Boxship Fleet
Eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL) at Chinese Hudong-Zhonghua shipyard are to be powered by 32 Wärtsilä Auxpac 32-generating sets. The order was placed in March 2016 with Wärtsilä’s joint venture company, CSSC Wärtsilä Engine Co (CWEC). Wärts
WTO Expects Sluggish World Trade Volume Growth in 2016
Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% increase registered in 2015, the World Trade Organization (WTO) estimates. Imports of developed countries should moderate this year while demand for imported goods in developing Asian economie
Indonesia’s OTEC gets French funding boost
Akuo Energy, together with Pertamina and the French Agency for Development (AFD), have signed a grant agreement to foster the development of renewable energies in Indonesia.
PSA Sical Sees Record Container Volume in March
Indian PSA Sical Terminals Limited (PSA Sical) reached its highest ever monthly throughput in March 2016 as it handled 50,225 TEUs. “This is an immense achievement given the severe capacity constraints and challenging environment PSA Sical is facing,” Mike Formoso, Managing Director of PSA India, sa
Two Sides to Every Story
Positive results from Dutch ship owners while global shipbreaking industry still slow to react The NGO Shipbreaking Platform recently published a list of all the ships that were brought to Indian, Pakistani and Bangladeshi shipbreaking facilities last year. The results show that a total of 768 ships
The Switch PM shaft generator ordered for Saga LNG Shipping newbuild
Helsinki-based, marine drive train technology specialist, The Switch, on Thursday informed it has received an order for its permanent magnet shaft generator for a 45,000 cbm LNG carrier being built for Saga LNG Shipping.
Sembcorp Marine, Marco Polo seek arbitration as blame game continues
Sembcorp Marine, a Singapore-based rig builder, has yet to resolve a contractual dispute which began in November 2015, when its client, Marco Polo Drilling, broke off a rig construction deal. At the time, Marco Polo said it would terminate the $214 million rig construction deal it had signed in Febr
Gallery: Terntank Names Its Two Dual-Fuel Chemical Tankers
Swedish tanker owner Terntank Rederi A/S held a naming ceremony for the first two of its four newbuilds on March 26 at AVIC Dingheng Shipbuilding in China. The two vessels, M/T Ternsund and M/T Ternfjord, are dual-fuelled 15,000 dwt product tankers, running on both LNG and diesel. The company says t