Subsea World News has put together a recap of the most interesting articles from the previous week (May 29 – June 04). Bibby Offshore has secured a contract with TAQA for subsea construction works in the Eider field, located 184 km north-east of Shetland. With offshore operations to be completed thi
Dredging Today brings you an overview of the most popular stories from the past week (May 29 – June 4, 2017). Steady Performance in 2016 for Jan De Nul, Stable Order Book Jan De Nul Group has just released its 2016 Annual Report, saying that the company achieved steady performance in a highly vola
Jan De Nul Group has just released its 2016 Annual Report, saying that the company achieved steady performance in a highly volatile market. “With a turnover exceeding the 2 billion Euro mark for the sixth year in a row, Jan De Nul Group confirms its position as a global player in its target markets,
The completion of the merger between Germany’s container carrier Hapag-Lloyd with UAE-based counterpart UASC will result in cutting of up to 12 percent of its almost 11,000 land-based workforce, the company’s spokesperson confirmed to World Maritime News. Nevertheless, the downsizing of workforce wo
The National Shipping Company of Saudi Arabia (Bahri) has signed a shareholder agreement with Hyundai Heavy Industries (HHI), Saudi Aramco and Lamprell to enter into a joint venture (JV) partnership to establish a maritime yard in eastern Saudi Arabia. The JV represents the outcome of the joint vent
Image Courtesy: Sohar Drydock Company Oman Drydock Company (ODC) has welcomed Sohar Max – the largest vessel to enter the facility since it opened in 2011 – for a specialist dry docking project. The 400,000 dwt iron ore carrier, which features a length of 360 meters and a width of 65 meters, is curr
Royal Boskalis Westminster NV is preparing to kick off work on the planned EUR 480 million liquid terminal at the Duqm Port in Oman, according to Times of Oman. This capital development project, scheduled to start within a month, will include the engineering, design, procurement and construction of
Driven by strong volume growth recorded across key container ports in the first quarter of 2017, the full year global port throughput growth was revised to 4.6%, compared to earlier projections of only 2%-3%. Based on Alphaliner’s survey of over 150 ports around the world, global container port thro
Mermaid Maritime has recently been awarded subsea contracts in South East Asia and Middle East with a combined total value of $26 million. The subsea and offshore drilling services provider said on Tuesday that the contracts involve three DP2 dive support vessels (DSVs). The highlighted package of w
Bilbao-based wave energy company Arrecife Energy Systems is making progress on the development of its wave energy system whose design was inspired by the coral reefs and their efficiency in absorbing the energy of the waves.
Mermaid’s South East Asian and Middle Eastern business units have continued working efficiently on subsea contracts recently awarded during the first quarter of 2017 with a combined total estimated potential contract value of USD 26 million. The highlighted package of work involves the DP2 dive supp
Amid a rapid growth in the mega boxship fleet, and nearly a year on from the opening of the new expanded locks of the Panama Canal in June 2016, the fleet of giants surged by 29% y-o-y in TEU terms, Clarkson Research informs. The 15,000+ TEU mega boxship fleet has expanded rapidly in recent years an
The shareholders of the German shipping giant Hapag-Lloyd have approved all items on the agenda at the latest Annual General Meeting, including the creation of new authorised share capital. This is to be used for a planned capital increase of USD 400 million, which is scheduled to take place within
Extension of oil production cuts until March 2018 could affect tanker demand, either via lower crude and product exports, or lesser import demand if high prices moderate demand growth. Global oil prices were buoyed in the fourth quarter of 2016 by OPEC’s decision to cut production. At their recent m
