International Container Terminal Services, Inc. (ICTSI) today formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq. The official inauguration of the new facility marks the successful implementation of the first ent
A Memorandum of Understanding (MoU) between Port of Damietta Authority and China Harbor Engineering Company Ltd. (CHEC) for the setup of Damietta Port’s 2nd Container Terminal was signed on October 9, 2016. The new terminal will result in 2.225 meters of new berths, with 17 meters depth and 700.000m
Egypt’s Port of Damietta Authority has signed a Memorandum of Understanding (MOU) with China Harbor for the development of Damietta Port’s second container terminal. Under the agreement, signed on October 9, the project implementation period would be 24 months. The new terminal is planned to compris
Mermaid Maritime’s joint venture company, Zamil Mermaid Offshore Services Company LLC (ZMOS), has retained its long-term offshore inspection, repair, and maintenance (IRM) services contract with a client in the Middle East. However, Mermaid said on Tuesday, the rendering service dayrates have been r
Asia Offshore Drilling Limited (AOD) has secured a drilling contract extension for a jack-up drilling rig AOD III with Saudi Aramco, off Saudi Arabia, but with a reduced dayrate. AOD is a partnership venture between Mermaid and Seadrill where Mermaid has 3.76 percent equity stake while the other 66.
The total installed wind capacity is expected to reach 500 GW by the end of 2016 and cover 5% of global power supply, according to the World Wind Energy Association (WWEA). The worldwide wind capacity reached 456,486 MW by the end of June 2016, out of which 21,714 MW were added in the first six mont
The total installed wind capacity is expected to reach 500 GW by the end of 2016 and cover 5% of global power supply, according to the World Wind Energy Association (WWEA). The worldwide wind capacity reached 456,486 MW by the end of June 2016, out of which 21,714 MW were added in the first six mont
Qatar Petroleum (QP) and Dolphin Energy have entered into a new long-term gas sale and purchase agreement, under which QP will deliver additional quantities of gas to Dolphin for export to the UAE through the existing 48-inch subsea pipeline. The agreement was reached and signed in the framework of
Sodexo, a catering and facilities management company, has expanded two facilities management services contracts with offshore drilling contractor Seadrill and oil and gas major Shell. Sodexo said on Monday that Seadrill had been a client since 2008 and in that time Sodexo has expanded operations fro
International shipping association BIMCO has raised concerns over data on available fuel ahead of Marine Environment Protection Commitee (MEPC) decision on the 0.5% global sulphur cap implementation date. Namely, BIMCO said that the official International Maritime Organization (IMO) study which asse
Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry. The recent failure of South Korean carrier Hanjin Shipping has exposed the high level of financial
Klaveness: No Company Is “Too Great to Fail” One month after the South Korean shipping giant Hanjin Shipping sought bankruptcy protection, there are a number of important lessons to be learned from the event, according to Norwegian shipping company Torvald Klaveness… Read More Drewry: Container Ship
Dredging Today brings you an overview of the most popular stories from the past week (October 3-9, 2016). Peterhead Contract for Boskalis and McLaughlin & Harvey JV A joint venture partnership between Boskalis Westminster N.V. and McLaughlin & Harvey has won a contract for the £30 million inner Pe
The Ports Development Company, owner and developer of the King Abdullah Port, has announced the signing of a financial agreement with SABB – Saudi British Bank and the Arab National Bank (ANB) worth 2.7 billion SAR (around $720 million). The agreement aims to move forward with the development and ex
