Carriers’ overall on-time and transit time reliability improved by 6.8%, increasing from 63.3% in May 2017 to 70.1% in June 2017. Reviewing schedule reliability by trade, nine of the 12 trades improved from May 2017 to June 2017, according to the latest data from intelligence provider CargoSmart. Th
National Shipping Company of Saudi Arabia (Bahri) has reported a drop in its earnings for the period ended June 30, 2017, mainly attributed to lower spot market rates in general and specifically in oil transportation. Namely, the company’s net profit for the second quarter of 2017 reached SAR 153.9
Dubai-based port and terminal operator DP World Limited handled 34 million TEUs across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year. The first six months of the year witnessed an improvement in global trade and all t
Schlumberger, the world’s largest oilfield services provider, has been awarded a contract by Noble Energy for the provision of a measurement and control system for the Leviathan project offshore Israel. Schlumberger said in its second quarter financial report last Friday that the valves and measurem
Qatar’s LNG shipping firm Nakilat has seen its net profit for the first half of 2017 drop to QAR 409 million (USD 112.3 million) from QAR 501 million (USD 137.6 million) reported in the same period last year. The lower profit for the period ended June 30, 2017, was mainly attributed to the lower num
The Bahrain Real Estate Investment Edamah has signed an agreement with Vision Marine to undertake the reclamation work for the beachfront Saada Project – part of the Muharraq beachfront renovation, the Bahrain News Agency (BNA) reports. The first phase of the multi-stage project will cover 18,000m²
Readers’ Picks of the Week (July 17-21, 2017)
Tidal Energy Today has compiled the top news from tidal and wave energy industry from July 17 – 23, 2017.
Dredging Today brings you an overview of the most popular stories from the past week (July 17–23, 2017). Boskalis Bags EUR60 Million Norvik Deal Boskalis has been awarded a contract by Ports of Stockholm to construct the quay wall for the new Stockholm Norvik Port in Sweden. Van Oord Wins Dubai
Mermaid Maritime has recently been awarded two subsea contracts with a combined estimated value of USD 4.6 million. The first contract award, with work scheduled to begin in the third quarter of 2017, will involve a short ROV campaign for pipeline touchdown monitoring for an international EPCIC cont
UK-based offshore driller Ensco has found work for a number of its jack-up as well as semi-submersible drilling rigs in the North Sea, Gulf of Mexico, Australia, and Qatar. According to the driller’s latest fleet status report issued on Thursday, two semi-submersible drilling rigs have been awarded
Mermaid Maritime, a subsea and offshore drilling services company, has recently been awarded two subsea contracts with a combined estimated value of $4.6 million. The company said on Friday that the first contract award will involve a short ROV campaign for pipeline touchdown monitoring for an inter
The number of active shipyards on a global scale has dropped by 62 percent since the beginning of 2009, according to Clarksons shipping consultancy. Specifically, there was a total of 358 active yards, defined as having at least one unit under construction, as of July 2017, a slashed figure when com
The recently coined cooperation between Hoegh LNG and Qatar Gas Transport Company (Nakilat) is likely to result in the construction of new floating natural gas import terminals, according to Hoegh LNG’s CEO Sveinung Stohle cited by Reuters. The parties said that they signed a Memorandum of Understan
