South & Central Asia
SSV VOS Sugar joins Vroon’s fleet
Vroon, a Dutch provider of offshore support vessels, has taken delivery of VOS Sugar, the newest addition to the Vroon Offshore Services fleet. The vessel was handed over to the company in a ceremony held on Tuesday February 2, 2016 at Fujian Southeast Shipbuilding in China. VOS Sugar is a DP2, SPS-
Readers’ Picks of the Week (1st – 5th Feb, 2016)
Gallery: SMIT Salvage Team Boards Modern Express, Attaches Tow Line The four-member salvage team of SMIT Salvage has managed to board the drifting car carrier Modern Express earlier this morning and set up a tow line, French Maritime Author… Read More Bahrain, Saudi Arabia Ban Iranian Ships from The
Top news of the week February 1-6, 2016
Shell delays LNG Canada FID The Hague-based energy giant Shell said it is postponing final investment decision on its multi-billion LNG Canada project in British Columbia to late 2016. Chevron CEO: Angola LNG to ship LNG cargo in 2nd quarter The Chevron-operated $10 billion Angola LNG project is exp
Popular news, February 1 – 7, 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 1-7, 2016). Sas van Vreeswijk Consortium Signs Beatrixsluis Contract The Sas van Vreeswijk consortium has won a contract for the construction of the 3rd chamber Beatrix lock and the widening of the Lekka
Baltic Dry Index Down in the Dumps
The Baltic Dry Index has fell below 300 points, plunging to a new low of 298 points on Thursday, February 4. The Cape Index was down by one point at 208, followed by Supramax index at 271 after a dip of 9 points. Only the Panamax index had a slight improvement with 5 points up […]
Offshore Slump Keeps HHI in the Red
South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, racked up KRW 1.36 trillion (USD 1.13 billion) in net loss, a 38.2 % drop from a year earlier when HHI posted KRW 2.21 trillion loss. HHI’s sales reached KRW 46.2317 trillion, 12.1 % decline from the previous year while o
Arctic Liner Shipping to Become Viable around 2040, Suez Set for Two More Decades
The likelihood of the Northern Sea Route (NSR) to replace the Suez Canal in the transportation of the containerized goods is far off, at least for the next two decades, a study shows. Namely, according to the findings from a new report by Copenhagen Business School’s Maritime Division, Arctic liner
International offshore rig count down by 72 units YoY
The international offshore rig count for January 2016 was down both sequentially and year over year, according to a report by Baker Hughes, an oilfield services provider. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the
MISC Berhad Sees Strong Returns
Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015 full year financials when compared to 2014. The group reported a net profit of MYR 2.4 billion, an increase from the net profit of MYR 2.2
FSL Trust Forced to Sell Boxship Duo amid Lack of Charter Interest
FSL Trust Management Pte, the trusteemanager of First Ship Lease Trust, has sold two containerships for USD 10.8 million as it failed to find further employment for the boxships in an already oversupplied market. Ever Radiant and Ever Respect are Japanese-built, 4,229 TEU containerships built in 199
Fitch sees dayrates go further down for offshore drillers. Pushes recovery forecast further
Offshore drillers, companies providing drilling rigs for the oil and gas industry’s marine exploration efforts, continue to face murky market conditions, and according to Fitch ratings agency, the situation is nowhere nearly close to improvement. According to Fitch, a 70% drop in oil price, and the