Although Iran stopped liquefied petroleum gas (LPG) exports to Japan, the country’s supply will not go to waste as a large number of customers are showing their interest for the LPG, Iranian Mehr News Agency cited the Director general of the Association of Petrochemical Industry Corporations (APIC)
The National Shipping Company of Saudi Arabia (Bahri) has secured USD 126 million in financing with the Bank of Tokyo-Mitsubishi UFJ (BTMU) under the terms compliant with the Sharia law. Majority of the loan, specifically 80 percent, will be used to finance the two tankers Bahri purchased in October
Iran has been linked to shipbuilding orders worth up to USD 2.4 billion at South Korean yards, providing them with the much-needed boost as they scramble for new orders. Specifically, Islamic Republic of Iran Shipping Lines (IRISL) and oil producer Iranian Offshore Oil Co. (IOOC) are said to have re
The shipping industry needs to increase Corporate Social Responsibility (CSR) awareness as on average less than 50 percent of the industry fully commits to related activities, according to the Shipping CSR500 Survey report released by SAFETY4SEA. Conducted in the first quarter of 2016, the Shipping
In an effort to “meet the desire” of ship owners and operators and attract more vessels, the Suez Canal Authority has decided to cut tolls for selected container ships. According to the Suez Canal Authority, container ships coming from port of Norfolk and its northern ports heading to the Port of Ke
While cyber security has become a hot topic on conference platforms and industry events around the world, implementation plans and training for crew are lagging as companies take time to develop top-down strategies, according to shipping industry’s provider of shipboard software solutions GTMaritime
Singapore-listed EPCI contractor Swiber has secured three new contracts for projects with a total value of US$215 million in the Middle East and Southeast Asia regions. Swiber has been awarded an EPCI (engineering, procurement, construction and installation) contract from an undisclosed European oil
Swiber Holdings, an offshore construction services provider to the oil and gas industry, has secured three new contracts with a total value of $215 million in the Middle East and Southeast Asia regions. Swiber reported on Tuesday it was awarded an Engineering, Procurement, Construction and Installat
DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometers from the country’s main business city of Guayaquil. The $500 million initial investment (Phase 1) will include the purchase of land, dredging of a new access channe
Fugro Academy Training Centre has been established in Abu Dhabi. The existing Subsea ROV training facilities in Abu Dhabi have now been extended to include survey and geotechnical training The inauguration ceremony on May 25 was led by Samir Al Gharbi, GASOS general manager, who was presented with a
Aker Solutions has won a contract to deliver what is says is ‘its longest-ever umbilicals system’ at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement with Petrobel in Egypt is worth more than NOK 1 billion ($122.2M) and will be booked in the second quarter. It
Dredging Today brings you an overview of the most popular stories from the past week (May 30-June 5, 2016). Boskalis and Van Oord Sign Fehmarnbelt Contracts Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, and the Fehmarn Belt Contractors joint venture, consisting of Bos
Shareholders’ representatives of the United Arab Shipping Company (UASC) supported the ongoing discussions with German counterpart Hapag-Lloyd at an Extraordinary General Meeting (EGM) held on June 2nd. However, even though they recognized the strategic value of a potential combination of both busin
French company Engie, previously known as GDF SUEZ, has appointed a new CEO for its Middle East, South & Central Asia and Turkey (MESCAT) business unit. Coming into effect in September 2016, Sébastien Arbola will take over over from Guy Richelle, who assumed these responsibilities on an interim basi
