South & Central Asia
Readers’ Picks of the Week (December 12 – 16, 2016)
Readers’ Picks of the Week (December 12 – 16, 2016)
Popular news, December 12 – 18, 2016
Read the most popular news from the offshore energy sector.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (December 12-18, 2016). IADC Dredging in Figures 2015 Available The International Association of Dredging Companies (IADC) has just released its Dredging in Figures 2015, an annual review of the global dredging ma
Air Pollution Halts Port of Tianjin’s Dry Bulk Cargo Ops
China’s Port of Tianjin has suspended dry bulk cargo operations until December 21, 2016, due to a red alert for high air pollution, Wilhelmsen Ships Service informs. The county’s port authorities decided to stop all loading/discharging activities for bulk cargoes such as iron ore and coal. Heavy por
Maersk Line Scraps 8 Panamaxes
Maersk Line has sent eight of its Panamax containerships to be recycled in shipbreaking yards in India and China. The decision to scrap the eight vessels was in part driven by an ambition to enhance flexibility in the 4-5,999 TEU network, where 60-65% of the total Maersk Line fleet is owned. Deals f
Video: Shell reviews Prelude FLNG’s year 2016
Construction works on Shell’s Prelude FLNG facility at the Samsung Heavy Industries’ Geoje Shipyard in South Korea are in the final stages.
EMAS AMC Fails “Lewek Inspector” Charter Obligations
Forland Subsea informed that EMAS AMC AS has defaulted on charter payment for the LCV/IMR subsea vessel “Lewek Inspector” due to financial distress. According to Forland, the company is behind on the payment for the month of October 2016, due November 30, 2016 and is ‘unable to settle the outstandin
Yamal LNG secures €200 mln JBIC loan
Novatek-operated Yamal LNG project on Friday signed a credit line facility with the Japan Bank for International Cooperation for the amount of €200 million (Approx: US$209.1 million).
CLIA: 97 New Cruise Ships to Enter Service by 2026
The cruise industry is expected to introduce a total of 97 new cruise ships from 2017-2026 totaling an estimated investment of USD 53 billion through 2026, Cruise Lines International Association (CLIA) reports in its 2017 State of the Cruise Industry Outlook. In 2017 alone, cruise lines are schedule
ReCAAP: Crew Abductors Targeting Bigger Ships off Southeast Asia
The continued occurrence of incidents involving the abduction of crews from ships while underway in the Sulu-Celebes Sea and off eastern Sabah is a cause for great concern, according to the latest report by Asian piracy watchdog ReCAAP ISC. In November 2016, one actual incident and four attempted in
Novatek, Japanese Firms Partner Up on LNG Projects
Russia’s natural gas producer PAO Novatek has agreed to cooperate with Japanese firms in the liquefied natural gas (LNG) sector by signing several agreements during the meeting between Vladimir Putin, President of Russia, and Shinzo Abe, Prime Minister of Japan, held in Tokyo on December 16. On the
EMAS AMC Asks for Short Standstill of “Lewek Connector” Charter
EMAS AMC AS, a subsidiary of EMAS Chiyoda Subsea, has requested Ocean Yield to enter into a short-term standstill agreement relating to the bareboat charter of the vessel Lewek Connector for the months of December 2016 and January 2017. The ultra deepwater multipurpose, flex-lay subsea construction