South & Central Asia
Chinese Cargo Ship Sinks, 12 Crew Rescued
Chinese-flagged cargo ship Nan Hui 68 sank on July 23 near Huidong of Guangdong Province, east of Hong Kong taking its twelve crew members into the water. The cause of the sinking is believed to be shifting of the ship’s ore cargo amid high waves and gushing winds prompted by the Typhoon Roke, local
Two Injured in Explosion aboard Polaris VLOC
Two Filipino seafarers were reportedly injured in an explosion aboard the 250,000 dwt ore carrier Stellar Young, operated by South Korea’s Polaris Shipping. The explosion occurred in the ship’s engine room on July 22 while the very large ore carrier (VLOC) was undergoing maintenance at a dock in Gwa
Report: Fortune Ocean Eyes Up to Six New Bulkers
China’s dry bulk owner Fortune Ocean Shipping is looking to expand its fleet with up to six new bulk carriers to be built by its compatriot yard. Namely, the company placed four firm orders with Tianjin Xingang at a price of USD 23.5 million a piece. The contract for 82,000 dwt Panamax bulkers inclu
Popular news, July 17 -23, 2017
Popular news, July 17-23, 2017
Readers’ Picks of the Week (July 17-21, 2017)
Readers’ Picks of the Week (July 17-21, 2017)
Top news of the week July 17-22
Russia’s Novatek starting up first Yamal LNG train Novatek has started commissioning activities on the first liquefaction unit at its Yamal liquefied natural gas (LNG) export plant in the Russian Arctic. Saipem to win contract on Novatek’s 2nd LNG project? Italian oil and gas contractor, Saipem is r
Top news, July 17 – 23, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from July 17 – 23, 2017.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (July 17–23, 2017). Boskalis Bags EUR60 Million Norvik Deal Boskalis has been awarded a contract by Ports of Stockholm to construct the quay wall for the new Stockholm Norvik Port in Sweden. Van Oord Wins Dubai
Kogas forms FSRU consortium with compatriot shippers
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, forged ties with several shipping companies to take part in the overseas FSRU market.
New Alliances Affect Westports’ Throughput
Malaysian port operator Westports Holdings Berhad saw a 5 percent decline in its total throughput volumes during the first half of 2017, mainly attributed to the ongoing changes in the container shipping industry. Namely, the company said it handled 4.66 million TEUs during the first half, compared
Schlumberger narrows 2Q loss. Sees number of shallow water FIDs ahead
Schlumberger has narrowed its second quarter loss to $74 million, compared to $2,16 billion a year ago. The world’s largest oilfield services provider posted the second quarter revenue of $7,46 billion, 4 percent up from $7,16 billion in the corresponding quarter of 2016. Sequentially, revenue grew
Mermaid Nets Two Subsea Deals
Mermaid Maritime has recently been awarded two subsea contracts with a combined estimated value of USD 4.6 million. The first contract award, with work scheduled to begin in the third quarter of 2017, will involve a short ROV campaign for pipeline touchdown monitoring for an international EPCIC cont