South & Central Asia
Iran Aims at Increasing Exports to China
As Iran returns to the global oil market, adding supply to an oversaturated market, the country will try to increase its exports to China, according to Moody’s rating agency. However, “regional rivalries could hinder this effort, with Saudi Arabia currently China’s largest crude supplier,” Waheed Sh
Indian state to get €300M ocean power plant
Indian state of Karnataka has struck a deal with a French-based company Tar Kovacs Systems to develop an ocean based renewable energy project. The deal was reached during the Make In India Week event, held in Dubai last week. The week-long event gathered more than 800,000 visitors, with the aim of c
Rickmers Maritime Plunges to Full Year Loss
Singapore-listed containership owner Rickmers Maritime recorded a net loss of USD 129.6 million in the fourth quarter of 2015 against a net profit after tax of USD 11.2 million in the corresponding period of 2014. The plunge in profit came as Rickmers Trust Management, the trustee-manager of Rickmer
DW: Offshore marine players need to breakaway from prevalent operating models
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, OSV contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings, impairments or defaults, Douglas-We
Ezion Forges Another Offshore Wind Joint Venture in China
Singapore-based liftboats and service rigs provider Ezion Holdings Limited has entered into a joint venture agreement with an unnamed Chinese state-owned enterprise (SOE) for the deployment of service rigs to support the offshore wind farm market in China. Ezion said that the SOE is one of the key s
Cape grabs Prelude FLNG job
Industrial services provider Cape said on Monday it has been awarded a contract from Samsung Heavy Industries for Shell’s Prelude FLNG facility.
Cape scoops Prelude FLNG work
Cape plc, a provider of industrial services to the energy and natural resources sectors, has secured a contract with Samsung Heavy Industries (SHI) in South Korea for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit. The contract is for the installation of insulation to the cryogenic pipew
Otto Marine Starts Building Tankers
In light of a slow oil and gas market, the Singapore-based shipbuilding company Otto Marine has decided to expand its portfolio and turn to other shipbuilding segments. Namely, the offshore shipbuilder has secured three newbuilding contracts for an oil tanker and two ferries, worth a total of USD 23
Readers’ Picks of the Week (15th – 19th, 2016)
New Shipping Giant Enters the Scene China Cosco Shipping Corporation Ltd was formally launched in Shanghai yesterday, a company created through the merger between China’s two shipping giants China Ocea… Read More Interview: Navigating the Ever Bigger Ships into the Future As the ships of the global
Popular news, February 15 – 21, 2016
Read the most popular news of the week.
Top news of the week February 15-20, 2016
Merger completed, BG becomes part of Shell Hague-based LNG giant Shell said Monday that the scheme with BG Group has become effective and the UK-based company is now owned by Shell. EU proposes new gas and LNG rules The European Commission has on Tuesday released new proposals for a raft of measures
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (February 15-21, 2016). VIDEO: Brightlingsea Dredging Scheme Progresses Well Brightlingsea Harbor Authority has just released a video about the Waterside Marina dredging project, which is currently underway. DEM