Dredging Today brings you an overview of the most popular stories from the past week (June 27-July 3, 2016). Wartsila Engines for Two Trailing Suction Hopper Dredgers Wartsila has won an order to supply engines for two new 8000 m³ trailing suction hopper dredgers. HAM 318 Completes Thinadhoo Lan
LNG producer Qatargas has entered into a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL) to supply 1.3 tonnes of LNG per year to Pakistan for 20 years, with a possibility to increase this volume to 2.3 million tonnes. The LNG will be supplied from Qatarga
Offshore drilling contractor Rowan Companies has been awarded several contracts extensions for its drilling rigs with a reduced dayrate. The drilling contractor’s drillship Rowan Resolute has been awarded blend and extend amendment with Anadarko in the U.S. Gulf of Mexico. Extension is at a dayrate
Demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015 as the shipowners attempt to counter the fundamental imbalance between supply and demand under poor container shipping market conditions, according to BIMCO. A total of 150,863 TEUs
James Fisher Subsea Excavation (JFSE), a subsidiary of James Fisher and Sons, has been awarded a trenching contract in the Persian Gulf. The contract is JFSE’s first award offshore Iran and it will see the company utilise its excavation equipment to trench 15 kilometres of cable. Launched in October
Dubai-based container shipping firm United Arab Shipping Company S.A.G. (UASC) informed that all six of its shareholding states voted unanimously to approve the proposed merger with German shipping major Hapag-Lloyd AG on Wednesday. During an Extraordinary General Meeting (EGM), the shareholding sta
Ocean carriers achieved a six-month high for liner service reliability in May, according to data provided by Drewry’s Carrier Performance Insight. The most reliable carrier in May was Hong Kong-based Orient Overseas Container Line (OOCL), which had an on-time average of 81.1%, very closely followed
Qatar Petroleum (QP) has concluded the competitive process which it initiated in 2015 for the further development and operation of its Al-Shaheen offshore oil field, starting July 2017. QP said that the company that presented the best offer to meet QP requirements was Total. The announcement was mar
German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) have reached an agreement on the terms and conditions of a Business Combination Agreement (BCA) providing for the contribution of all shares in UASC to Hapag-Lloyd. Today, the Supervisory Board of Hapag-Lloyd has approved the
Dubai-based port and terminal operator DP World’s Group Chairman and CEO, Sultan Ahmed Bin Sulayem, rang the market-opening bell today to celebrate the listing of a USD 1.2 billion sukuk on Nasdaq Dubai. “As the international financial exchange serving the Middle East, Nasdaq Dubai is an excellent l
Lloyd’s Register (LR), an engineering, technical and business services organization, has signed a global frame agreement with The Well Academy to cover a joint provision of training services. According to LR, this agreement will provide a mechanism for the duo to continue working together to deliver
Welcome to the first DredgingToday.com Podcast, with our host Rosie Moth of RedMeters.com. In this episode we will be discussing last week’s World Dredging Congress & Exposition (WODCON) dredging conference with industry experts: Jay Wise of Kruse Integration, Steve Rutherford of Caterpillar Industr
As the shipping industry is expected to see its earnings worsen, while freight rates are likely to remain “depressed amid ample supply,” the outlook for the global shipping industry over the next 12-18 months is negative, according to Moody’s rating agency. The aggregate EBITDA of Moody’s-rated ship
Fugro’s ROV training camp has seen its first female trainee graduate at the top of her class after a hands-on 4-week course. Magdalena Gos, who graduated at the Polish Naval Academy, worked on a naval vessel and then moved to the merchant fleet, where she gained eight years experience in marine and
