DP World will be splashing USD 405 million for the acquisition of Dubai’s ship repair business Drydocks World LLC (Drydocks) and Maritime World LLC, the 100% owner of Dubai Maritime City (DMC). The Dubai-based port operator said the purchases would be made by means of a capital injection of USD 225
Damen Dredging Equipment has been put to the test once again, this time in Yas Island (UAE) where a navigation channel is to be deepened and maintained. The channel, connecting mangrove woods to the Yas Marina, is to be brought and kept to a max depth of -6m. For the project, Damen successfully deli
Tidal Energy Today has compiled the top news from tidal and wave energy industry from September 11 – 17, 2017.
Dubai-based port operator DP World is interested in exploring Hong Kong’s cruise terminal business. The ambition was revealed during a meeting held this week between DP World Group Chairman Ahmed Bin Sulayem and Hong Kong counterparts, including Chief Executive Carrie Lam at Government House, Hong K
Mermaid Maritime has been awarded a long-term cable survey contract in the Middle East. The contract is said to have an estimated value of USD 7 million. The highlighted package of work, due to begin in the third quarter of 2017, will involve use of a Mermaid chartered-in vessel with geophysical sur
Marine Energy Event 2017, along with both EWA and DMEC are proud of the program and speaker line-up for the event this year.
Future Market Insights (FMI) recently released a report on the global Dredging market in which they noted that the market is slated to touch a value of nearly $16,500 million in the year 2022. According to the report, as the population of the world keeps on increasing, particularly in the coastal ar
The International Association of Dredging Companies (IADC) has just released the latest edition of its Terra et Aqua magazine. According to IADC, Terra et Aqua’s third edition of 2017 spotlights four unsinkable issues facing today’s dredging industry: contaminated site remediation, sediment treatmen
The volume of secondhand containership sales reported in the first eight months of 2017 totalled 0.75 million TEU, exceeding the previous annual record level of 0.64 million TEU set in 2015. According to Clarksons Research, a new monthly record was set in March 2017 which witnessed some 40% of the f
The technology group Wärtsilä and Finnish-based wave energy developer AW-Energy have signed a cooperation agreement to sell and deliver WaveRoller wave energy device worldwide.
Shelf Drilling, a shallow water offshore drilling contractor, has secured contracts for two of its jack-up drilling rigs in Dubai. Shelf’s two drilling rigs, Shelf Drilling Tenacious and the Shelf Drilling Mentor (previously called the West Mischief), have each won a two-year contract with Dubai Pet
Meraas has announced that Dubai Harbor will have a second cruise terminal in addition to the one already revealed in January 2017. Dubai Harbor will be the first cruise destination to build two terminals simultaneously which when completed will accommodate 1,200,000 passengers annually. “Each termin
Dubai Harbour will have a second cruise terminal in addition to the one already revealed in January 2017, Dubai-based holding company Meraas informed. “Dubai Harbour will be the first cruise destination to build two terminals simultaneously which when completed will accommodate 1,200,000 passengers
Since the downturn of 2009, when it slumped by 4%, world seaborne trade has grown by 38%, adding an extra 3.2 billion tonnes, but has the extra ‘weight’ been put on? The wide spectrum of seaborne trade is well known, with a range of cargo types contributing to a projected 11.5 billion tonnes this ye
