McDermott bags UAE, Brazil EPCI contracts

McDermott International has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) to provide front end engineering design (FEED) services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project.

FEATURE | “It’s the steel production, stupid!”

Chinese imports of iron ore keep falling, while its crude steel production keeps growing, according to data compiled by BIMCO. China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia.

Brazil selects TKMS and Embraer corvette bid

Águas Azuis, a consortium formed by Germany’s ThyssenKrupp Marine Systems (TKMS) and Brazilian companies Embraer Defense and Security and Atech, has been selected by the Brazilian Navy as its preferred bidder for the construction of four new Tamandaré-class corvettes.

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