South & Central Asia
International WaTERS discusses common issues and standards
The European Marine Energy Centre (EMEC) hosted the third International WaTERS (Wave and Tidal Energy Research Sites) workshop on 26 February at the International Conference on Ocean Energy (ICOE) 2016 in Edinburgh. Nine countries from around the globe were represented, including Canada, France, Ire
Epic Gas Expands Fleet with LPG Newbuild
Owner and operator of pressurized gas carriers Epic Gas has taken delivery of a 7,500 cbm vessel Epic Borinquen from Japan’s Sasaki Shipyard. The Singapore-based company said that the newbuilt ship will now start operating on its time charter agreement for trading in Asia. According to Epic Gas, thi
Petrobras gets $10B loan from China
Brazilian state-owned oil company Petrobras on Friday signed a term sheet with the China Development Bank (CDB), for financing $10 billion. According to the state-owned company, the document contains the main terms and conditions for the operation and was signed by the President of Petrobras, Aldemi
Baltic Exchange says in talks over sale; SGX says among suitors
By Jonathan Saul and Anshuman Daga LONDON/SINGAPORE (Reuters) – The Baltic Exchange confirmed on Friday it had received a number of “exploratory approaches” after the Singapore Exchange Ltd revealed it was seeking to buy the business which has been the hub of the global shipping market for centuries
Readers’ Picks of the Week (22nd – 26th February, 2015)
Hapag-Lloyd’s Full Year Profit in Line with Expectations German container shipping company Hapag-Lloyd has achieved its earnings targets for 2015 and significantly improved its operating result (EBIT) in the fourth quarter of 2015… Read More Fresh Wave of Raids in Petrobras-Keppel Bribery Probe In a
Popular news, February 22 – 28, 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 (February 22-28, 2016). BAM Signs Xbloc License Agreement with Bouygues BAM Infraconsult, under its trade name Delta Marine Consultants, has signed a license agreement with Bouygues for the use of Xbloc on the Cal
Swiber Clinches South Asia EPIC Deal
Singapore-listed Swiber has secured a contract worth about US$100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia. This latest project, which includes pipelines and subsea installation works, starts immediately and is
Drewry: Ports and Terminals Earning Less Money?
The formation and re-formation of larger carrier alliances along with the increase in average and largest ship sizes are turning up the heat on ports and terminals which might result in diminishing returns, according to UK-based consultancy Drewry. Ports are not immune to the volatility of the marke
Swiber clinches $100M worth EPIC contract
Swiber Holdings, a provider of offshore construction and marine support and engineering services, has secured a contract worth about $100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia. According to Swiber, this late
US Proposes Inspection of All Cargo Going In and Out of North Korea
The United States has tabled a draft UN Security Council resolution, backed by China, that, if adopted, would impose stronger set of sanctions against North Korea. The proposal comes in response to North Korea’s recent nuclear test and missile launch. Moreover, the initiative for stronger sanctions
Amended Colombo Port City Project Given the Go Ahead
The Sri Lankan Government has given the green light for the Colombo Port City Project, having amended the original agreement by reducing the extent of land to be reclaimed from the sea and denying any part of this area to be granted to China on a freehold basis, according to the country’s Prime Mini