Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’s 2021 annual general meeting. Nina Tronstad has held a series of senior executive roles in the oil and gas sector with Kvaerner, Aker Solutions and Equinor. She is a chemical engineer by profession.
Twenty port authorities from different parts of the world have signed a declaration calling for collaboration and sharing of best practices in ensuring port operations remain open to trade as part of the global efforts to fight the COVID-19 pandemic. Ports across the globe have been declared essenti
Dredging Today brings you an overview of the most popular stories from the past week (April 20-26, 2020). Julong CSD Kicks Off Dredging Work in Su Ya Lake, China Julong’s two unit 20-inch dredger CSD500, equipped with France Baudouin brand diesel engine with total power of 2000hp, is starting the
Abu Dhabi Ports is offering a three-month rent deferment for the second quarter of the year for its customers as part of the relief measures aimed at curbing the impact of the coronavirus pandemic on their operations. The package also includes a freeze on late payment penalties and an exemption from
The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges. The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 mil
Milah closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.
Dubai-based port and terminal operator DP World had a robust performance in the first quarter of the year with the like-for-like throughput broadly flat year-on-year. The port operator handled 17.2 million TEU across its global portfolio of container terminals in the first quarter of 2020, with gros
Lamprell and ScottishPower Renewables have reached a final settlement with regards to the close-out of the East Anglia One project. The final settlement will result in a cash payment to Lamprell of USD 18.9 million in May 2020, the UAE-based offshore engineering and fabrication company said. In addi
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world
Royal IHC has successfully handed over the 2,500m³ trailing suction hopper dredger (TSHD) River Thames to DEME. The vessel, designed and build by IHC, is based on the 2,300m³ TSHD Lesse, delivered to Baggerbedrijf de Boer by IHC in 2019. The dredger is designed to maintain sea and inland waterways,
Since the outbreak of the COVID-19 virus, and the consequent containment measures taken by national governments, the dredging industry has adapted quickly to the changing circumstances in order to guarantee the safety of their employees, and the direct project environment, and ensure that important
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Dubai-based terminal operator DP World has launched a plethora of online logistics tools and services enabling businesses to book shipments of cargo by any combination of sea, land, and air. The company said the roll-out of the platforms was sped up by the ongoing challenges arising from the COVID-1
Qatar’s Nakilat, the world’s largest liquefied natural gas shipper, reported an 18 per cent rise in its first-quarter profit. Nakilat said Monday its net profit reached 279.5 million Qatari riyals ($76.7 million) in the January-March period. Quarterly revenue also increased by 13 per cent year-on-ye
