South & Central Asia
Mercator Lines Existing Dry Bulk, Divesting Fleet
Singapore-listed Mercator Lines has received approval from its Board of Directors to exit dry bulk businesses as part of its restructuring endeavors. As a result the company plans to divest its dry bulk fleet and it has already appointed an agent to find a prospective buyer for its ships. Mercator h
China and Algeria Sign USD 3.3 Billion Port Deal
China and Algeria have signed a USD 3.3 billion agreement to build a new center transshipment port at Cherchell, Algiers, Xinhua reported. Located some 60 km west of the capital Algiers, the expanded Cherchell port will be able to handle 6.5 million 20-foot containers and 26 million tons of goods pe
DSME: SCF Yamal launched
The first Arc7 ice-class LNG carrier, SCF Yamal, was launched last week at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea.
PCCW Global Picks AEConnect
PCCW Global, the international operating division of Hong Kong’s HKT, has partnered with Aqua Comms to deliver transatlantic capacity on Aqua Comms’ America Europe Connect (AEConnect) subsea fiber optic cable system, which would enable PCCW Global to obtain additional route diversity. With more than
Unitel wins FEED work for Kogas’ small-scale LNG plants
The world’s largestcorporate buyer of LNG,South Korea’s Kogas, hired Unitel Technologies to perform the front-end engineering and design (FEED) work on small-scale LNG plants network.
Prosafe defers last delivery instalment for ‘Safe Zephyrus’
Prosafe, an owner and operator of offshore accommodation rigs, has postponed its last portion of the payment due to Jurong Shipyard for the newbuild flotel Safe Zephyrus for June 2017. Namely, the final delivery instalment of the Safe Zephyrus will be reduced by $30 million and, according to Prosafe
IRENA: Boosting Global Share of Renewables Is a Win-Win-Win Scenario
Dramatically scaling up renewables in the global energy mix by 2030 would increase global gross domestic product (GDP), social welfare and employment worldwide, according to a new report released by the International Renewable Energy Agency (IRENA). Renewable Energy Benefits: Measuring the Economics
Popular news, January 11 – 17, 2016
Popular news, January 11 – 17, 2016
Readers’ Picks of the Week ( 11-15 Jan, 2016)
VIDEO: Russian Ship Aground in Japan, 18 Evacuated Some 18 people were evacuated from a Panama-flagged cargo ship after it ran aground on Sunday December 10 on a breakwater at the approach to the Japanese Sakata port the… Read More Seaman Guard Ohio Crew Sentenced to Five Years An Indian court has s
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 11 – January 17). The deepwater pipelay construction vessel “Jascon 18” was arrested last week on behalf of a shipyard in Singapore. The vessel, formerly owned by the marine contractor Sea Tru
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (January 10-17). Deepening Scheme on Delaware River Enters Blasting Phase The U.S. Army Corps of Engineers, Philadelphia District, and its contractor Great Lakes Dredge and Dock Company began rock blasting operati
Crude dive deepens as market braces for more Iranian oil
Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days.