South & Central Asia
Hyundai Samho Receives VLCC Order, Attracts New Investment
Greek shipping company Neda Maritime has ordered a 319,000 dwt very large crude carrier (VLCC) from South Korean Hyundai Samho Heavy Industries (HSHI), with an option for one more tanker, VesselsValue’s data shows. Neda Maritime will pay USD 82 million for the newbuilding, which is scheduled to be c
G E Shipping to Buy Secondhand MR Tanker
Mumbai-based Great Eastern Shipping Company Ltd (G E Shipping) has signed a contract to acquire a secondhand Medium Range (MR) product tanker of about 51,000 dwt. The vessel, which was constructed in 2008, is scheduled to be delivered to the company in the first quarter of fiscal year 2018. The MR t
Readers’ Picks of the Week (April 17-21, 2017)
Readers’ Picks of the Week (April 17-21, 2017)
Popular news, April 17 – 23, 2017
The most popular articles of the week.
Top news, April 17 – 23, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from April 17 – 23, 2017.
Top news of the week April 17-22
Woodside’s Karratha gas plant suffers production outage Australian LNG player Woodside said its Karratha gas plant had suffered an unexpected production outage on Saturday. WoodMac: 60 pct of US LNG supplies to land in Europe Europe is expected to be the number one destination for U.S. liquefied nat
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 17-23, 2017). New Contracts for DEME in Germany, France, UK and Spain DEME’s German subsidiary Nordsee Nassbagger- und Tiefbau GmbH, based in Bremen, has acquired the maintenance dredging contract on the Ri
DSME Seeks Court Approval for Debt Rescheduling
After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the South Korea’s court would pave the way for the
Alliances Creating Congestion at Shanghai Port
Alliances’ product restructuring and increased throughput volume are creating high congestion at the Port of Shanghai, according to an announcement issued by Shanghai International Port Group. As informed, the Port of Shanghai is undertaking actions to return port operations to normal. In addition t
Indian Dockworkers Shelve Nationwide Strike
The nationwide strike planned by Indian dockworkers for this week has been called off for the time being following preliminary talks between labor unions and the country’s Labor Ministry. However, the strike option has not been ruled out altogether as unions only moved the strike for May 12 providin
Key Challenges to Paying Seafarers during Captivity
In light of increased maritime piracy attacks, especially off the Horn of Africa, which often include hijacking of seafarers, employers are facing new challenges. Namely, employers are obliged to pay salaries to their workers while in captivity, however, an issue arises on the duration of that payme
Bassoe: Forget rig oversupply, the offshore rig market presents opportunity
The world is awash with more offshore rigs than it will ever need. But established rig owners can ignore that and focus on the market recovery. By David Carter Shinn Certain trends which signify a rig market recovery have emerged insidiously over the past four months. Now they’re obvious enough to