South & Central Asia
Top news of the week March 7-12, 2016
Chevron kicks off production at Gorgon LNG Oil and gas giant Chevron said on Monday it started producing liquefied natural gas at its Gorgon LNG project on Barrow Island off the northwest coast of Australia. Angola LNG to ship cargo soon, Chevron CEO says First liquefied natural gas cargo after a tw
Popular news, March 7 – 13, 2016
Read the most popular news of the week.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 7-13). Ravestein Builds World’s Largest Backhoe for Boskalis The new backhoe dredger Magnor, currently being built for Boskalis by Ravestein, will be the largest and most efficient backhoe dredger in the wo
South Korean Maritime Accidents Double in 2015
The number of maritime accidents has doubled during 2015 compared to previous three years, Yonhap news agency reports citing data from the South Korea Ministry of Public Safety and Security. According to government reports, a total of 2,740 maritime accidents occurred in 2015, while the previous ann
Oil prices rise as IEA says market could have bottomed
By Libby George LONDON (Reuters) – Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency that said the market may have reached its bottom. Still, analysts cautioned that a large glut of oil remained, with Goldman Sachs wa
MISC and AET Merging Chemical, Product Tanker Fleets
Malaysia International Shipping Corporation (MISC) Berhad is to merge its chemical fleet with the clean petroleum products (CPP) fleet operated by its wholly owned petroleum subsidiary, AET, the company said. Under new arrangements, AET will take over the 13 chemical vessels and one LPG tanker curre
30 Valemaxes on Order for Chinese Owners
Chinese shipping companies Cosco Group, China Merchants Group and ICBC Financial Leasing Co. are reported to have stacked up orders for 30 Valemax ore carriers worth a total of USD 2.5 billion, the Wall Street Journal writes. The trio is said to have ordered 10 ships respectively at local yards, nam
Boxship Hard Aground off Taiwan
A crew of 21 people was evacuated after the 2006-built containership TS Taipei ran aground off Shimen, Taiwan in the morning hours of March 10, according to local media reports. The 20,615 dwt vessel lost propulsion and grounded on a rocky shallow due to harsh weather conditions at the site. TS Taip
CDPQ Commits USD 150 Million to Indian Renewables
Caisse de dépôt et placement du Québec (CDPQ), a shareholder of the London Array offshore wind farm, will invest USD 150 million in renewable energy in India. The Canadian institutional fund manager also established its Indian office in New Delhi, and appointed Anita Marangoly George as Managing Dir
Report: land-based LNG plant could save Inpex $6 bln in Indonesia
A US$6 billion could be saved by Japan’s Inpex and Shell if Indonesia opts to build the Masela Abadi LNG facility on land instead of offshore, according to a government official.
Cosco Hands Over Tanker, Salvage Vessel
Cosco Corporation’s two subsidiaries from China, Cosco (Zhoushan) Shipyard and Cosco (Dalian) Shipyard, have delivered two vessel, an oil tanker and a salvage lifting vessel, to their undisclosed buyers. Cosco (Zhoushan) Shipyard has delivered an 111,000 dwt oil tanker ‘Font Lynx’ to an unnamed Euro
Report: CNPC targets LNG price cuts from Qatar
China National Petroleum Corporation is reportedly next in line in an attempt to rework the LNG import deal terms with Qatar.