Driven by better market fundamentals and greater pricing discipline, carriers are now finally getting their strength back and looking forward to a potentially golden era of profitability. Most container shipping lines returned to profitability in the second quarter as expected, but significantly the
Offshore rig builder Lamprell has appointed a new non-executive chairman of the company with effect from September 20, 2017. Lamprell said on Monday that John Malcolm would be taking the role of non-executive chairman following the planned retirement of John Kennedy from the board. John Malcolm has
Readers’ Picks of the Week (September 4 – 8, 2017)
Tidal Energy Today has compiled the top news from tidal and wave energy industry from September 4 – 10, 2017.
Renewables certification body DNV GL has opened the control hardware in loop (CHIL) test facility for renewable energy generation plants.
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the very large crude carrier (VLCC) Rimthan, built by Hyundai Samho Heavy Industries (HSHI) in South Korea. The 300,000 dwt carrier joins the company’s 40-strong VLCC fleet. Built to the latest environmental and fuel-efficient t
Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016. Ten carriers posted black figures, while only two have reported losses for the quarter, those bei
Hamad Port in Qatar, one of the largest ports in the Middle East, was officially inaugurated earlier this week under the auspices of Emir Sheikh Tamim bin Hamad Al Thani. MEDCO (Middle East Dredging Company), DEME’s subsidiary in Qatar, carried out dredging and land reclamation works for the new por
ADES International Holding has named Ahmed El-Khatib as a chief financial officer (CFO) with immediate effect. ADES is a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries. The group operates a flee
Mermaid Maritime, a subsea and offshore drilling services company, has been awarded three subsea contracts with a combined value of $12 million. Mermaid said on Wednesday that the company would utilize two of its vessels as well as ROVs, specialist equipment, and project teams. All three deals are f
IADC, the International Association of Dredging, has just released the 11th Safety Award 2017 nominee: National Marine Dredging Company’s SHIP “Supervisor Health and Safety Performance Improvement Program”. To promote the “safety first” mentality among all of its employees, management of National Ma
The launching ceremony of new trailing suction hopper dredger (TSHD) Arzana, built by Royal IHC for the Abu Dhabi based marine contractor National Marine Dredging Company (NMDC), is set to take place later this month. The vessel, scheduled to be delivered in the first half of 2018, will have a capac
The clock is ticking and with the Dredging Today Conference just around the corner, we have decided to unveil the latest updates on the DTC Program. Our first DTC Program update will focus on the Keynote Sessions, named ‘Which Current Trends Are Your Best Friends?’. In this session, high level speak
Royal Boskalis Westminster N.V. has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Boskalis informed on Wednesday that its subsidiary Dockwise was awarded a contract by Husky Oil for the transportation of the West White Rose
