Dubai-based shipping company Gulf Navigation Holding (GulfNav) ended the third quarter of this year with a profit of AED 12.4 million (USD 3.4 million), a decrease of almost 90 percent when compared to AED 116.8 million (USD 31.8 million) posted in the same quarter last year. What is more, the compa
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named ‘Some Proven Benefits of Polymer Use in the Treatment of Sediments in Recent Dredging Projects’. For several decades, polymers have been used in the treatment of sediments for improvi
Qatar Navigation’s (Milaha) net profit for the nine months of this year ended September 30 has reached QR 363 million (USD 99.7 million) considerably down when compared to QR 759 million for the same period in 2016. The company’s operating revenues came at QR 1.66 billion for the nine-month period,
Qatar Gas Transport Company (Nakilat) concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million (USD 160.3 million), down by 19 pct when compared to last year’s corresponding net profit of QR 749 million. The lower profit was mainly attrib
Dubai-based port and terminal operator DP World is stepping up container handling productivity at its flagship Jebel Ali Port by adding 1.5 million TEUs to Container Terminal 3 (T3). The expansion, which increases the port’s capacity from 18 million TEU to 19.5 million TEU, is in response to emergin
NEC Europe has appointed Hironobu Kurosaki as president and CEO. In this role, Kurosaki will lead the growth of NEC Europe’s business for a broad range of customers spanning across its key business segments of public safety, public IT services and telecom carrier solutions in the EMEA region (Europe
Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 16 – 22, 2017.
Subsea World News has put together a recap of the most interesting articles from the previous week (October 16 – October 22). Solstad Farstad has agreed to sell its 50% of the shares in the 50/50 owned joint venture company Normand Oceanic AS to Subsea 7. Normand Oceanic is the vessel owning entity
The United Arab Emirates (UAE) Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together to tackle abandonment cases in UAE waters. FTA and ITF officials met this week to discuss the increasing number of abandonment cases faced by the UA
Heerema Fabrication Group (HFG) has been awarded a procurement and construction contract for the Noble Energy’s Leviathan vent boom under the Heerema Marine Contractors’ transport and installation contract. To remind, Heerema Marine Contractors was awarded a contract in April for transportation and
Some 124 ships out of 227 ships broken in the third quarter of 2017 ended up on beaches in South Asia for dirty and dangerous breaking, the latest report from NGO Shipbreaking Platform shows. A total of 42 ships were sent for demolition to Turkey, 35 to China, and 26 were scrapped in the rest of [&h
Offshore driller Rowan Companies has been awarded several new contracts and extensions for its jack-up rigs while some of its other rigs have recently come off contracts. According to Rowan’s fleet status report on Thursday, the contract for the jack-up rig Rowan Norway with Repsol Sinopec in the UK
Offshore driller Rowan Companies has informed that ARO Drilling, a 50/50 joint venture with Saudi Aramco, started operations on October 17, 2017. The two companies announced an agreement to create the 50/50 joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia back in Nove
On October 17, AIDAcara embarked from Hamburg on AIDA Cruises’ very first world cruise. The 116-day cruise around the world will take the ship to 41 ports in 23 countries on five continents, until February 10, 2018. Highlights of the journey are, amongst others, Easter Island, New Zealand and Austra
