Qatar-based liquefied natural gas (LNG) company Qatargas signed a new sale and purchase agreement (SPA) with UK’s gas supplier Centrica to deliver up to 2 million tonnes of LNG per annum to Centrica until 2023. The company said that the LNG would be supplied from Qatargas 4, a joint venture between
Hanjin Files for Court Receivership, HMM to Buy Its Assets The financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the South Korean carrier decided to file for court receivership… Read More Interview: More Boxships Set to Join Scrap Markets in 4Q
Dredging Today brings you an overview of the most popular stories from the past week (August 29 – September 4, 2016). NMDC to Dredge Khalifa Port Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s ports and Khalifa Industrial Zone, has announced a major expansion plan for
After finalizing a long term charter in the oilfields of Abu Dhabi, Acta Marine’s DMS Globe was contracted to assist a construction project in Qatar. This involved the construction of a private artificial island development. DMS Globe’s effectiveness in shallow water conditions played an important r
The long-term issuer rating of Global marine terminal operator DP World Limited has been upgraded to Baa2 from Baa3 and the long-term issuer rating of Jebel Ali Free Zone FZE (JAFZ) to Baa2 from Baa3, according to Moody’s rating agency. “Our decision to upgrade DP World’s ratings is a result of the
The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand growth from China, while the devastating freight rate levels over the same period remained strong, according to BIMCO. BIMCO’s data on seaborne iron ore imports into China, shows a grow
Dubai-based Topaz Energy and Marine said it has christened its two newbuild light construction vessels as Topaz Tiamat and Topaz Tangaroa. The company has chosen the names from the Mesopotamian Goddess of salt water, and from the Maori God of the sea. Developed for crane operations and light subsea
Topaz Energy and Marine has renewed its contract with ABB for the specialized cable laying vessel Topaz Installer. Under the terms of the contract, the Topaz Installer will provide ABB with cable-laying services in support of wind farms in the North Sea for a period of one year plus options of at le
Singapore-based breakbulk, project cargo and heavy lift carrier AAL has loaded modules for a heat recovery steam generator (HRSG), destined for the Beni Suef power plant in Egypt, aboard its vessel AAL Dalian in South Korea. Commissioned by global logistics provider the LPL Group, this is the first
Aqualis Offshore, a specialised marine and offshore engineering consultancy and part of Oslo-listed Aqualis ASA, has appointed Ben Lazenby as director of the company’s Middle East operation. Ben Lazenby succeeds Reuben Segal, who will now concentrate fully on his role as chief operating officer of A
A total of eight container vessels are set to be transferred from Kuwait’s port of Shuwaikh to Shuaibah port over a period of three months starting from September or October, according to data from Kuwait Shipping Companies and Agents Association, provided by Wilhelmsen Ships Service. The route of t
Abu Dhabi National Energy Company PJSC (TAQA) has appointed Mohammed Al Ahbabi as acting CFO effective September 1, 2016. TAQA said on Wednesday that Al Ahbabi, who is currently deputy CFO of the company, will replace Grant Gillon. Saeed Hamad Al Dhaheri, TAQA acting COO, said: “Mohammed’s previous
Marine and offshore engineering consultancy Aqualis Offshore has appointed Ben Lazenby as director of the company’s Middle East operation, which now counts five offices in four different countries. Aqualis said on Tuesday that Lazenby succeeds Reuben Segal, who will now concentrate fully on his role
Iraqi national company State Organization for Marketing of Oil (SOMO) has blacklisted three tankers which had been shipping crude oil from Kurdistan, according to Reuters. Namely, the company earlier noted that it would not allow the 1995-built oil tanker Maran Centaurus, the 2001-built Four Smile a
