The agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market. “The first quarter of 2020 has been one of [&
The container carriers have blanked a total of 435 sailings on various deep-sea trades, equaling a demand decline of 7 million TEU in 2020 caused by the COVID-19 pandemic’s impact on global economies. The figures were revealed by Danish consultancy Sea-Intelligence, which said the push has served as
Dredging Today brings you an overview of the most popular stories from the past week (April 13-19, 2020). PHOTO: Damen CSD500 at Basra Terminal A Damen CSD500 has been working on the Basra Gateway Terminal in Iraq continuously since it was delivered early 2018. Van Oord Presents Annual Report an
Transocean has received a contract termination for a drillship operating in Egypt.
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
A Damen CSD500 has been working on the Basra Gateway Terminal in Iraq continuously since it was delivered early 2018. The stationary dredger started on the creation of two additional container berths with a depth of -14 m along quay. These berths were completed in 2019 offering the Iraqi port increa
Oilfield services provider Petrofac has received a contract termination from ADNOC for the Dalma gas development project in the United Arab Emirates.
Multipurpose and heavy-lift shipping is facing numerous uncertainties and is most likely to see a stagnation over the coming period, according to the UK-based consultancy Drewry. The market outlook is heavily reliant on the timing of the global economic recovery from the impact of the COVID-19 pande
Saudi Global Ports, one of PSA International’s subsidiaries, and Saudi Ports Authority (Mawani) signed a build, operate and transfer deal for the first and second container terminals in the King Abdulaziz Port in Dammam. The SAR 7 billion (USD 1.87 billion) deal makes SGP the sole container terminal
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
MIKE by DHI Software has just released this interesting video named ‘Model complex sediment transport processes and shoreline morphology’. The erosion and deposition of sand creates challenges for those tasked with beach development and conservation, maintaining harbor depths and controlling sedimen
Dredging Today brings you an overview of the most popular stories from the past week (April 6-12, 2020). CEMEX Go Innovation Almost Ready for Delivery The first of Damen’s new Marine Aggregate Dredgers, a 103.5 meter long CEMEX Go Innovation is almost ready for delivery to her new owner in the UK.
With the use of permanent magnets and high-tech bearings, Royal IHC has created the Deep Sea Special Motor – an environmental friendly submerged electric motor for the deep sea mining and oil & gas industries. “One of its unique features is that it is 100% oil free. Seawater can run through the moto
