South & Central Asia
India Inks Mining Contract with ISA
Ministry of Earth Sciences (MoES) and Government of India, signed a 15-year contract with the International Seabed Authority (ISA), for exploration of Poly-Metallic Sulphides (PMS) in Indian Ocean. The contract was signed by Dr. M Rajeevan, secretary, MoES and Nii Allotey Odunton, secretary general,
Toll Orders Two RoRo Ships at Jinling Shipyard
Melbourne-headquartered logistics provider Toll Group, part of Japan Post, has placed a AUD 170 million (USD 130 million) order at China’s CSC Jinling Shipyard, part of Sinotrans & CSC, for the construction of two 12,000 dwt RoRo ships to support trade between Victoria, Australia, and Tasmania. The
Popular news, September 19 – 25, 2016
The most popular news of the week.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (September 19-25, 2016). DEME’s Multi Purpose Vessel ‘Living Stone’ Hits the Water DEME Group has celebrated the launch of their new multi purpose vessel ‘Living Stone’, the most advanced vessel in its class. Bo
Report: Petrofac takes over Lewek Emas FPSO
UK’s offshore services provider Petrofac has reportedly completed the takeover of the Lewek Emas FPSO. The sale of the FPSO was previously agreed in principle, between Emas Offshore and PetroFirst. PetroFirst is a joint venture between First Reserve, a global, private equity and infrastructure inves
China Nods to Cruise Joint Venture
Chinese central government has granted approval for a cruise joint venture between Carnival Corporation, China State Shipbuilding Corporation (CSSC) and China Investment Capital Corporation (CIC Capital) to officially incorporate in Hong Kong. This news follows a non-binding agreement signed between
Report: Hanjin Shipping Has Enough Cash to Cover Offloading Costs
Cash held by Hanjin Shipping, coupled with commitments from the company’s leading shareholder, the leading creditor, and the parent group’s CEO, should be enough to cover the costs of unloading cargo from the company’s container ships stranded offshore, Reuters reported a South Korean government off
IUMI: Rising Large Marine Losses Could Prove Too Much for Insurers
The increasing number of large marine losses can potentially put severe financial strain and overwhelm insurance companies, Dieter Berg, President of the International Union of Marine Insurance (IUMI), said during the closing of this year’s IUMI 2016 marine insurance conference in Genova, Italy. Ber
UniSite Group Reports Successful Q3 Performance
UniSite Group, a Ningbo based company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took an active part in a lot of projects all over the world in the third quarter of 2016. During this time frame, the Chinese company suppli
K Line amends co-owned LNG carriers target
Japan’s Kawasaki Kisen Kaisha said in its recent report that due to the current market conditions it has revised its target for co-owned LNG carriers by the end of the fiscal year 2019 from 61 to 57.
VIDEO: Genting Dream Squeezes Through the Ems
Genting Hong Kong has shared a video of the river conveyance of Genting Dream, the first ship built for the Dream Cruises line, that began on Sunday, September 18, from Meyer Werft’s shipyard in Papenburg, Germany. The river conveyance marks the official start of Genting Dream’s journey to her first
Fincantieri and CSSC Ink Agreement for First Chinese Cruise Ships
Italian shipbuilder and ship designer Fincantieri and China State Shipbuilding Corporation (CSSC) signed a non-binding agreement with Carnival Corporation and CIC Capital Corporation (CIC Capital) for the construction of the first two cruise ships to be built in China for the Chinese market, with an