National Shipping Company of Saudi Arabia (Bahri) revealed plans to re-flag 32 of its very large crude tankers (VLCCs) and five of its mid-size carriers under the domestic flag by the end of 2017. The move comes amid a positive shift the country’s transport sector has witnessed. In addition, the ini
Chinese submarine cable manufacturer ZTT Group received the purchasing contract from EMAS Chiyoda and Saipem and has been confirmed as the bidder of 33kV, 15kV of Hasbah II, Marjan & Zuluf, and Safaniya 10 these three projects from Saudi Aramco with total value of $30 million. ZTT said it has passed
ZTT Group, Chinese manufacturer of cable systems, has received a contract from Emas Chiyoda and Italian company Saipem for three projects with oil giant Saudi Aramco worth $30 million. ZTT said that its 33kV and 15 kV cables would be installed at Saudi Aramco’s Hasbah II, Marjan & Zuluf, and Safaniy
Westbound Asia to Mediterranean volumes have been disappointing thus far in 2017, but shipments heading in the opposite direction are surging, according to shipping consultancy Drewry. Similar to the Asia-North Europe trade, the backhaul market is currently on top in the Asia-Mediterranean/North Afr
Dubai-based port operator DP World and the Port of Fujairah have reached an agreement to terminate the Fujairah Port concession deal entered into in 2005. The concession contract signed between the parties was on a build, operate and transfer basis (BOT) to expand and develop the Fujairah Container
Tidal Energy Today has compiled the top news from tidal and wave energy industry from April 10 – 16, 2017.
The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey conducted by Drewry and the European Shippers’ Council (ESC). Several hundred of exporters, importers and freight forwarders from all over the world were contacte
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named “Valuing variations in dredging contracts”. The article, written by David Kinlan, explains how variations are essential in dredging contracts and that they have the potential to gener
Global clean energy investment in the first quarter of 2017 was down 17% compared to the same period of 2016, according to the latest figures from Bloomberg New Energy Finance (BNEF).
Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded
The Ocean Energy Systems (OES) has published its annual report with an assessment of the current state of the ocean energy industry.
UniSite Group, a Ningbo based company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, has reported very busy start of 2017 business year, taking an active part in a lot of projects all over the world. During this period, the C
Offshore support vessel provider Topaz Energy and Marine has made several new appointments to its senior management team. Topaz said on Tuesday that the company named Martin Helweg as the new chief operating officer (COO), Hicham Hachkal as the HR director, and Robert Desai as the chief commercial o
Sweden’s Sandvik Materials Technology will be supplying umbilical pipes for one of the largest offshore gas projects in the Mediterranean – the Leviathan. The company on Tuesday said it won a contract to the sole provider of stainless steel umbilical tubes for the Leviathan gas field, operated by th
