Infinera has deployed its terabit-class transport network platforms ‘Infinera DTN-X XTC’ across Middle East and North Africa (MENA) Submarine Cable System’s subsea network. The Infinera DTN-X XTC Series integrates the subsea network connecting the Mediterranean and Middle East regions with MENA’s ex
Daya Maxflo, the oilfield service subsidiary of Daya Materials specialised in drilling, well intervention and enhanced oil recovery (EOR) has been awarded a contract by Schlumberger in the Middle East. Namely, a three-year contract, should see Daya Maxflo deliver specialized well services for Schlum
The National Shipping Company of Saudi Arabia (Bahri) has signed an agreement for a USD 133.2 million loan facility to finance the purchase of five chemical tankers, the company said in a stock exchange filing. Namely, the company’s subsidiary, National Chemical Carriers, is set to receive the funds
As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more industry consolidation among carriers. The
Malaysian company Daya Materials Berhad has won a contract in Saudi Arabia with the world’s largest oilfield services provider, Schlumberger. The company said on Monday that the deal was for the provision of specialized well services with a duration of three years. Daya added that the contract was s
Hapag-Lloyd Sees Disappointing First-Half Year Result German shipping major Hapag-Lloyd said its first-half year “result is disappointing,” due to subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates…
Dredging Today brings you an overview of the most popular stories from the past week (August 8-14, 2016). VIDEO: Pythagoras Dredging Solution Pythagoras, a Belgian company involved in providing solutions for dredging, surveying, infrastructure, construction and agriculture, has just released this
Zion Market Research has published a new report titled “Amphibious Excavators Market for Construction, Mining and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to this report, the global amphibious excavators market accounted for USD 3.
The global wind Operations and Maintenance (O&M) is estimated to increase from USD 10 billion in 2015 to USD 17 billion by 2020, at a compound annual growth rate of 11.2%, according to research and consulting firm GlobalData. The company’s latest viewpoint states that technological developments have
The owners of Shahar Energy, an Israel-based renewable energy company, have established Yam Pro Energy to drive forward the technology and wave energy projects recently acquired from the wave energy developer WERPO.
Excess shipyard capacity and a slowing but still considerable orderbook are the negative factors overhanging brighter prospects for shipping demand growth, according to Maritime Strategies International (MSI). MSI has forecast a structural change to future shipping cycles, “with shorter, sharper cyc
French container shipping company CMA CGM plans to change the port coverage of its French Asia Line 1 (FAL 1) service by no longer calling Belgium’s port of Zeebrugge and China’s port of Dalian. As from MV CMA CGM Jules Verne voyage 115 FLE, the service will no longer call the port of Zeebrugge. Las
As the weak volume growth recorded in the first half of 2016 dragged full year volume projections down, Alphaliner said that the global container throughput is expected to grow by only 0.3% this year, marking the second lowest annual growth rate since 2009. Total throughput at the world’s top 30 con
Dredging Today brings you an overview of the most popular stories from the past week (August 1-7, 2016). TSHD Arco Dee Picks Up WW2 Bomb Off Selsey Trailing suction hopper dredger ‘Arco Dee’ has picked up an unexploded World War Two shell during its work off Selsey. New Cutter Suction Dredger De
