South & Central Asia
Drewry: Container Carriers Still Face High Risk of Failure
Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry. The recent failure of South Korean carrier Hanjin Shipping has exposed the high level of financial
Coastal Contracts slapped with arbitration notice after contract cancellation
Malaysian marine services and vessel provider Coastal Contracts was recently served with a notice of arbitration from one of its suppliers for an alleged wrongful termination of a shipbuilding contract. The notice was served to one of Coastal Contracts’ subsidiaries for terminating the shipbuilding
Senator Inaugurates New Amphibious Excavator for Bulacan
Senator Joel Villanueva is currently working on a project to solve the decades-long flood problem of the province of Bulacan. Last Saturday, he led dredging operations in Bocaue River during the commissioning and inauguration of a new amphibious excavator to the municipality of Bocaue that will be u
Jun Yang 1
In August 2016, after successful completion of sea trials, Trailing Suction Hopper Dredger (TSHD), Jun Yang 1, was handed over to her new owners. Built at the Royal IHC’s shipyards in Kinderdijk, the Netherlands, the TSHD was developed for CCCC Guangzhou Dredging Company Ltd (GDC), which is based in
DW: Average spend for new upstream projects falls by 40 pct
Recently, OPEC announced production cuts as a strategy to reduce over-supply in the market and give a much-needed boost to oil prices. Without higher oil prices, many new projects are thought to be uneconomic. Or are they? According to its report on Monday, Douglas-Westwood has recently reviewed ove
Minister Pradhan discusses LNG projects with Sri Lankan counterpart
Indian minister of petroleum and natural gas, Dharmendra Pradhan met with his Sri Lankan counterpart Chandima Weerakkody, discussing natural gas cooperation between the two countries.
Popular news, October 3 – 9, 2016
Popular news, October 3 – 9, 2016
Top News of the Week, 03 – 09 October 2016
26 Bidders Apply for Borssele III & IV The Netherlands Enterprise Agency (RVO.nl) has received 26 applications for Borssele III and IV offshore wind sites, the governmental body reported after the tender closed on 29 September. Video: Rotterdam Ready for Offshore Wind with Sif Group Dutch manufactur
Readers’ Picks of the Week (October 3 – 7, 2016)
Klaveness: No Company Is “Too Great to Fail” One month after the South Korean shipping giant Hanjin Shipping sought bankruptcy protection, there are a number of important lessons to be learned from the event, according to Norwegian shipping company Torvald Klaveness… Read More Drewry: Container Ship
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (October 3-9, 2016). Peterhead Contract for Boskalis and McLaughlin & Harvey JV A joint venture partnership between Boskalis Westminster N.V. and McLaughlin & Harvey has won a contract for the £30 million inner Pe
MOL Sells Another Capesize Bulker
Tokyo-based shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) has reached an agreement to sell another Capesize bulk carrier for a price of USD 28 million, according to data provided by VesselsValue. The vessel in question is the 180,700 dwt Sampaguita Dream, which was sold to an undisclosed Far Eastern
Shipping Woes to Push NYK Line’s Loss to USD 1.9 Bn
Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) expects to see a record loss of JPY 195 billion (USD 1.9 billion) for its shipping and air-cargo businesses, according to data provided by the company. The one-time loss would reflect the decrease of value in the company’s shipping asse