South & Central Asia
BIMCO: Boxship Demolition Reaches All Time High
The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive surprise for the struggling container shipping industry, according to international shipping association BIMCO. BIMCO have throughout 2016 focused on the level of demolition in the container
Strong headwinds ahead for floaters, but recovery could start in 2018
Deepwater offshore drillers are still fighting strong headwinds as the industry heads into the third year of the downturn, however, those who manage to live through 2017, might see the light at the end of the tunnel. According to Rystad Energy, a Norway-based energy intelligence group, utilization f
MSI: Container Shipping Industry Still under Pressure
Whilst freight rates have improved marginally from the extreme lows seen over the middle of the year, the entire container shipping industry remains under significant pressure, according to Maritime Strategies International. As most liner companies are now breaking even, with weaker lines still prob
BW LPG Buys More Aurora Shares
Singapore’s gas carrier owner BW LPG has received acceptances for up to 2,98 million of shares in Oslo-listed Aurora LPG, a week after it decided to launch a voluntary offer for all the remaining shares in the company. The additional shares acquired correspond to 10.07% of the share capital and voti
Soco: Development drilling starts at TGT field offshore Vietnam
Soco International, a London-listed oil and gas exploration and production company, has started the 2016 development drilling program on the Te Giac Trang (TGT) Field in Block 16-1 offshore southern Vietnam. TGT field is located some 80 kilometers from Vung Tau. Block 16-1 is operated by Hoang Long
DSME: first Arctic LNG carrier to test icebreaking capabilities during sea trials
South Korean shipbuilder Daewoo Shipbuilding Marine Engineering (DSME) completed the construction of the first Arctic LNG carrier, the Christophe de Margerie.
Carnegie bags £9.6M EU grant
Carnegie Wave Energy has secured £9.6 million from the European Regional Development Fund (ERDF) for the first phase of its planned 15MW commercial wave energy project at Wave Hub.
DW: Supply chain players who diversify offering better positioned for recovery?
Historically, the oil & gas industry has witnessed merger and acquisition (M&A) activity through cycles, as companies try to create value in volatile oil price environments, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. The current downturn has resulted in a number of
Rosneft gains access to Chinese gas market through $1 bln unit stake sale
Russia’s Rosneft signed agreements with Beijing Gas Group for the sale of a 20 percent stake in its unit Verkhnechonskneftegaz.
Popular news, Oct 31 – Nov 6, 2016
The most popular news of the week
Readers’ Picks of the Week (Oct 31 – Nov 4, 2016)
K Line, MOL, NYK to Join Forces in Container Shipping Japan’s big three container shipping companies have agreed to establish a new joint-venture company to integrate their container shipping businesses… Read More Drewry: Big Three’s Liner Merger Is All about Survival The latest merger of liner ship
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (October 31 – November 6, 2016). Boskalis and CNV Vakmensen Reach Agreement Royal Boskalis Westminster N.V. recently announced that the trade union CNV Vakmensen has agreed to the social plan related to the previo