South & Central Asia
Top news of the week November 14-19
Novatek CEO: first Yamal LNG cargo on track Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson. EAGC: will we see another Prelude FLNG? Hague-based
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (November 14-20, 2016). Royal IHC, ANP Ink TSHD Deal Royal IHC has signed a contract for the design, construction and delivery of a 4,200m³ trailing suction hopper dredger (TSHD) with Administración Nacional de Pu
DSME Set for Financial Boost as Union Okays Restructuring
The labor union of South Korea’s financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering has agreed to the company’s restructuring plan, removing the final hurdle to the KRW 2.8 trillion (USD 2.3 billion) financial support, according to Yonhap News Agency. After it earlier converte
BDI Reaches New High in 2016
The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking its highest level so far in 2016 amid a strong recovery in the dry bulk market over the last month. The Capesize index was up by 21 points reaching 2,752, the Panamax index was up by 35 points to [&hellip
Spotted: Prelude ISV Duo Named in Singapore
Australia-based marine towage services provider KT Maritime, a joint venture of Kotug International and Teekay Shipping Australia, named RT Kuri Bay and RT Roebuck Bay, two Infield Support Vessels (ISVs), at ASL Shipyards in Singapore on November 9, 2016. The ISVs are purpose-built tugs that will su
ESC, GSF to Tackle Consolidation in Container Shipping
Representatives of exporters and importers from around the world, the European Shippers’ Council and the Global Shippers’ Forum, have joined forces to advance and protect their members’ interests in the face of unprecedented change in the global container shipping industry. The move was made amid sh
Shandong places order for three decommissioning vessels
Shandong Twin Marine (SDTM), a subsidiary of Shandong Ocean Equipment, has ordered three decommissioning vessels from Chinese shipbuilder CIMC Raffles. CIMC Raffles said the units would be used for the dismantling of fixed offshore platforms in the UK North Sea. Shandong investment general manager,
KT Maritime names two Prelude FLNG ISVs
Perth-based KT Maritime Services Australia, a joint venture between Kotug International and Teekay Shipping Australia, named two Infield Support Vessels at ASL Shipyards in Singapore.
Petronet LNG’s profit surges 82 pct
Petronet LNG, India’s largest importer of the chilled fuel, on Thursday reported an 82 percent rise in its quarterly net profit, boosted by higher regasification volumes at its Dahej terminal. The company posted a net profit of 4.60 billion rupees ($67 million) for the September quarter as compared
ZTT Grabs USD 43 Mln OWF Cable Deal in China
ZTT Group said it has received the letter of acceptance to supply 35kV & 220kV submarine composite cable with accessories from China Power Complete Equipment Co (CPCEC), for H2 400MW offshore wind farm project. The H2 400MW OWF project is located in the East China Sea coastal waters, between norther
Dalian Shipbuilding Delivers VLCC Coswisdom Lake
China’s shipbuilder Dalian Shipbuilding Industry delivered the newly-built Very Large Crude Carrier (VLCC) Coswisdom Lake to its owner earlier in November, according to data by shipping services provider Clarksons. Featuring 308,019 dwt, the tanker has joined COSCO Shipping Energy Transportation’s f
ZTT Group Wins Binhai North Phase 2 Cable Contract
Chinese subsea power cables manufacturer ZTT Group has won a contract to provide 35kV and 220kV submarine composite cables with accessories for the 400MW Binhai North Phase 2 offshore wind farm in the Jiangsu province. China Power Complete Equipment Co., Ltd (CPCEC) accepted ZTT Group’s CNY 298 mill