A new shipping and oil trading company has been set up by Iraq and its Arab neighbors, named Al Iraqia Shipping Services & Oil Trading (AISSOT). AISSOT is a joint-venture company of Iraqi Oil Tankers Company (IOTC) and Arab Maritime Petroleum Transport Company (AMPTC) which aims to operate in a numb
Sultan Al Jaber, Minister of the State and Chairman of Abu Dhabi Ports, and Capt. Mohamed Al Shamsi, CEO of AD Ports, visited Khalifa Port Extension Project on August 6th 2017. Eng. Yasser Zaghloul, CEO of NMDC, welcomed the delegation and after a brief introduction of the project site they placed a
Boskalis today released their business results for the first half of 2017, saying that they realized a net profit of EUR 75.1 million in this period (H1 2016: EUR 147.5 million). Revenue in the first half of the year declined by 7% compared to the first half of last year to EUR 1.09 billion (H1 2016
The International Association of Dredging Companies (IADC) has just revealed another nominee for its Safety Award 2017 – Royal IHC’s 4 Points of Attention Plan. To improve daily safety operations on its shipyards, Royal IHC tasked a multi-disciplinary team of representatives from senior and operatio
The ongoing consolidation of container carriers through acquisitions and alliances continues to exert pressure on terminal operators, according to APM Terminals. Namely, following the formation of THE and Ocean Alliance Maersk’s terminal operator lost some liner services, denting the company’s under
Tanker market earnings in the third quarter of 2017 are encountering difficulties, but peaking fleet growth and increased tonne-miles could see spot rates stabilize and time charter rates improve, Maritime Strategies International said. The quarter is proving vexatious for owners still struggling wi
KBR has been awarded a project management consultancy (PMC) contract by Occidental of Abu Dhabi Ltd. on behalf of Abu Dhabi National Oil Company (ADNOC) for management of the front end engineering and design services (FEED) phase of the Dalma gas field development and the detailed design and surveys
Niche carriers have both outperformed and vastly underperformed the top 16 carriers, with a high degree of volatility in schedule reliability, according to SeaIntel Maritime Analysis. “If on-time performance is a priority, niche carriers offer better rewards, but with higher risks.” The top 16 carri
Engineering and construction services firm KBR has been awarded a project management consultancy (PMC) contract by Occidental for management of two projects offshore Abu Dhabi. KBR said on Tuesday that the contract was awarded to the company by Occidental on behalf of Abu Dhabi National Oil Company
The laying of the first block for the Saqr Port expansion project, aimed to create two additional berths capable of accepting capesize vessels, took place earlier this month, RAK Ports said in its latest announcement. The first block was placed by principal works contractor BAM International, and th
One of today’s biggest societal challenges is the transition towards a 100 per cent renewable energy supply globally. Marine energy could play a vital role in achieving this ambitious goal. This is showcased during the Offshore Energy Exhibition & Conference 2017 at the DMEC Marine Energy Pavilion a
John Mackenzie, Business Development Director at National Marine Dredging Company (NMDC), has confirmed his participation to our first Dredging Today Conference (DTC). During the event, Mr Mackenzie will address new trends and opportunities in urban development and seaborne trade, including the deta
Qatar Ports Management Company (Mwani Qatar) and Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) have signed a memorandum of understanding (MoU) with an aim to benefit from Hamad Port’s services for a renewable five-year period. Under the MoU, Muntajat will export thro
IADC (International Association of Dredging Companies) has just announced the 3nd IADC Safety Award 2017 nominee: Damen Shiprepair – CCTV System. In an effort to reduce the dangers to crew both inside and outside a vessel, Damen Shiprepair entrusted a CCTV-system (installed by RBC) with overseeing a
