The Special Economic Zone Authority in Duqm (SEZAD) and Boskalis Westminster (Oman) LLC today signed an agreement for the construction of the liquid Bulk Berth Project at Duqm Port. The new agreement, worth approximately $517 million, prepares Duqm Port to export liquid refined products and enhance
Hungry shipyards and shipping companies being eager to be top dog is a toxic cocktail which, combined with market optimism amid higher freight rates, is likely to distort the low ordering activity in the container shipping sector, according to shipowners’ association BIMCO. Container shipping majors
Driven by a positive trend in the container shipping industry, Israel’s shipping company Zim Integrated Shipping Services (ZIM) saw steady improvement in its quarterly performance. The company’s delivered a net profit of USD 2.3 million in the second quarter of 2017, compared to a net loss of USD 74
Greek-owned small clean tanker Levante has been seized by Libyan authorities on the grounds of suspected oil smuggling off the Abu Kammash area west of Tripoli, Reuters reports citing a naval official. According to navy spokesman Ayoub Qassem, the Liberian-flagged ship and its 20 crew members, predo
Energy services and software provider AGR said it is enjoying a strong 2017 and a positive outlook for next year, having secured contracts worth over £6 million in the North Sea and internationally, and recruiting more than 20 engineers and operational experts. The company’s UK and Middle East busin
More international terminal portfolios are likely to move into the hybrid category in the coming years, as pure carrier terminal portfolios diminish over time, shipping consultancy Drewry said. Therefore, the majority of global/international terminal operator portfolios should end up being run more
The final preparations are happening for Marine Energy Event to be held on 11 October 2017 together with partners EWA (Dutch Energy from Water Association) and DMEC (Dutch Marine Energy Center). We are proud to announce our full list of speakers.
Bahri Dry Bulk Company, a majority-owned subsidiary of the National Shipping Company of Saudi Arabia (Bahri), has inked contracts with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of four bulk carriers. Bahri said that the total price tag for the four newbuildings is
Subsea World News has put together a recap of the most interesting articles from the previous week (August 21 – August 27). Total is set to acquire Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, for $7.45 billion in a share and debt transaction. Under the agreed terms, A.P. Møll
Tidal Energy Today has compiled the top news from tidal and wave energy industry from August 21 – 27, 2017.
Dredging Today brings you an overview of the most popular stories from the past week (August 21-27, 2017). Jan De Nul’s New Cutter Suction Dredger Launched Mrs. Julie De Nul has released the self-propelled cutter suction dredger Willem van Rubroeck in the sea at the Uljanik Shipyard in Croatia.
Freight rates for the Long Range (LR) tankers are expected to remain low for the rest of this and the next year, according to a tanker market update from McQuilling Services. “Based on the developments witnessed over the first seven months of this year, we have adjusted our expectations for 2017/201
DEME’s subsidiary MEDCO (Middle East Dredging Company) has been awarded a contract for the Old Doha Port Redevelopment project in Qatar. In Singapore, DIAP (Dredging International Asia Pacific Pte Ltd) also secured a contract for the Ayer Merbau Reclamation Phase 2 project, DEME said in its latest r
Wood Group and Exceedence plan to present a new software platform for combined financial and engineering modelling of wave energy systems next week.
