In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3%
The keel laying ceremony for the new 900kW cutter suction dredger (CSD) Jarash took place last month at the Royal IHC shipyard in Kinderdijk, the Netherlands. The new custom-built stationary CSD, being built for Arab Potash Company (APC), will be launched at the beginning of 2018, Royal IHC said in
ICL, a Tel Aviv based manufacturer of products based on unique minerals, by its subsidiary Dead Sea Works (DSW), has signed an agreement for the first stage of the salt harvesting project at Pond 5, to preserve the pond’s water level. The agreement was signed with Holland Shallow Seas Dredging Limit
Royal Boskalis Westminster N.V. together with a Cypriot partner, has been awarded a contract for long term maintenance dredging works in the Middle East. According to Boskalis, they will develop and build an electrical cutter suction dredger for these works that are set to begin shortly after the co
Greek oil company Energean has signed three new gas sales and purchase agreements (GSPAs) for natural gas supply from the Karish and Tanin Fields, offshore Israel. The agreements were signed between Energean’s subsidiary, Energean Israel, Dorad Energy and with Ramat Negev Energy and Ashdod Energy, b
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a subsea umbilical, riser and flexible (SURF) lay project in the Middle East. Flowline Specialists FZE was contracted to assist in laying various flexible
Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 23 – 29, 2017. FORESEA picks six offshore renewable energy winners The FORESEA program has approved six offshore renewable energy technology projects for support in its third call for applications. The tech
Dredging Today brings you an overview of the most popular stories from the past week (October 23-29, 2017). Steel Cutting Ceremony of TSHD LESSE Royal IHC has held a steel cutting ceremony for the 2,300m³ Trailing Suction Hopper Dredger LESSE. Uig Harbor Scheme Includes Land Reclamation Followin
The Oil and Gas Climate Initiative (OGCI) has announced its first three investments, moving forward the organization’s commitments into concrete action to spur the growth of promising low carbon technologies. Launched in 2014, OGCI is currently made up of ten oil and gas companies that pool expert k
Exmar’s newbuilding floating liquefied natural gas (FLNG) facility Carribean FLNG is yet to secure its first job. The world’s first barge-based FLNG facility was delivered to Exmar by Chinese Wison Offshore and Marine in July this year. The vessel was set to work for Canada-based oil and gas company
Marine geophysical player Polarcus nearly halved its net loss during the third quarter of the year despite lower revenues. Namely, Polarcus reduced its net loss during the third quarter 2017 to $9.1 million compared to $17.4 million loss in 3Q 2016, the company reported on Friday. The company record
On the heels of the two orders by containership majors CMA CGM and MSC for 22,000 TEU ships, the market fears there is a risk other carriers might follow suit further distorting demand-supply balance, which is already suffering from tonnage oversupply. To remind, Mediterranean Shipping Company has o
Dubai-based port and terminal operator DP World has unveiled plans to develop Saudi Arabia’s Jeddah Port in support of the recently launched Saudi Vision 2030. Speaking at the Future Investment Initiative (FII) in Riyadh, Ahmed Bin Sulayem, Group Chairman and CEO of DP World, outlined the significan
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Shaden, a very large crude carrier (VLCC), from South Korean Hyundai Samho Heavy Industries (HSHI) shipyard. The 300,000 dwt ship is the fifth VLCC to join the Bahri fleet this year, following the deliveries of Amjad, Maharah, A
