Mermaid Maritime’s subsidiary, Seascape, has been awarded two additional subsea contracts in South East Asia with a total estimated potential value of USD 5.1 million. The first package of work involves the DP2 dive support vessel “Mermaid Nusantara” together with heavy duty work-class ROVs for a 30
Aquamec Ltd, a Finland-based company that manufactures the Watermaster – a multipurpose solution for work in shallow water – has just released a new video which shows the capabilities and applications of the versatile Watermaster dredger. The multipurpose Watermaster is used worldwide for deepening
Mermaid Maritime has won two subsea contracts in South East Asia and a contract extension in the Middle East. Mermaid’s Eastern Hemisphere business unit, through its subsidiary Seascape Surveys, has been awarded two additional subsea contracts in South East Asia with a total estimated potential cont
Saudi Arabian national oil company, Saudi Aramco, has extended bidding for dredging and land reclamation works at its marine terminal in Ras al-Khair by almost one month, Reuters informs. The extension, pushing out the submission date from August 31 to September 29, was given after potential bidders
Dubai-based owner and operator Gulf Navigation Holding PJSC (Gulfnav) has signed a new settlement agreement with tanker owner Nordic American Tankers (NAT), thereby fully settling the long standing debt that GulfNav owed to NAT. GulfNav said that it is also in negotiations with its other major credi
Container lines have shifted their focus towards alliance structures for operational efficiency, rather than relying on large scale technological innovation, according to research and consultancy firm Maritime Strategies International (MSI). With container lines continuing to seek cost savings, MSI
The European Shippers’ Council (ESC) has called on terminals that currently hold containers because of the financial troubles of container liner Hanjin Shipping, to “release those containers immediately.” Namely, ESC said that the terminals should release the boxes because the stationary containers
JFD has signed a new agreement with Fugro to provide training courses delivered by the National Hyperbaric Centre (NHC), part of JFD, at the Fugro Academy Training Centre in Abu Dhabi. The agreement with Fugro will see JFD approved local and UK trainers delivering courses including: Client Represent
Severe overcapacity in the container shipping market and recently agreed contract rates on the transpacific trade lanes are keeping pressure high on the liner companies, according to BIMCO. Overall container demand grew around 2% in second quarter of 2016 compared to the same period a year earlier,
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has appointed Graham McKnockiter as Subsea Group regional director, Western Hemisphere. According to the company, “the appointment should contribute to the strategy of streamlining and enhancing Mermai
Mermaid Maritime has named Graham McKnockiter as the Subsea Group’s Regional Director, Western Hemisphere. The company said on Monday that McKnockiter has extensive work experience in the offshore oil and gas industry. According to Mermaid, his appointment will contribute to the company’s strategy o
Partners in the Noble Energy-operated Tamar gas field offshore Israel have amended the previously signed gas sales deal with its largest customer Israel Electric Corporation. The part of the original deal that’s been amended is related to the exercising of the option to increase the gas quantities t
Hyundai Engineering & Construction Co., Ltd and Boskalis-Middle East recently won a multi-million dredging contract for the New Port Project (NPP) project in Doha, Qatar. The contract, awarded by the NPP steering committee in August, includes quay walls, channel dredging works, and construction of 4
The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company have announced that their most recent marine environmental survey off the coast of the Barakah nuclear energy plant has shown the presence of several marine species as a result of the artificial reef which was created there in 2
