Jan De Nul Group, an international contractor specializing in dredging, land reclamation, heavy lifting, offshore and environmental services, has just released its business results for 2015, achieving solid performances despite difficult market conditions. The traditional dredging market showed limi
The Central Dredging Association (CEDA) has just released its 2015 Annual Report which details their work over the previous year and highlights work related to the new initiatives. “2015 has been another remarkable year. One in which we hosted a number of key events including Dredging Days, in Ahoy
The USD 3 billion Trust Certificate Issuance Programme of DP World Crescent Limited, a special purpose vehicle established in the Cayman Islands by DP World Limited, has been assigned a provisional (P)Baa3 senior unsecured rating, while its outlook on the rating was set at stable, according to Moody
Due to the ongoing oversupply in the pressurised market, the LPG sector has seen a further slide in average rates for smaller and older vessels in the past twelve months as the rolling average dropped off about 15% from the end of Q1 2015 for the smaller vessels, whilst the larger vessels have held
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has penned a business agreement on operation and technology instruction with the Iranian government for Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), Korean newspaper the Pulse informed. As reported, the agree
Saudi Arabian national oil company Saudi Aramco has reportedly awarded a contract to Singapore-based Emas AMC and India’s Larsen & Toubro (L&T) for the expansion of the Hasbah gas field located in the Arabian Gulf. Reuters reported on Monday, quoting industry sources, that the work would include bui
Israel Antiquities Authority archaeologists diving in the ancient harbor in the Caesarea National Park recovered statues, thousands of coins 1,600 years old and other finds from the seabed. A discovery by two divers in the ancient port of Caesarea in the Caesarea National Park before the Passover ho
Iranian oil tankers face no more obstacles when traveling to any port in world, says Ali-Akbar Safaei, managing director of the National Iranian Tanker Company (NITC). According to Safaei, quoted by IRNA news agency, NITC has secured all the required certificates from international insurance agencie
Provider of marine logistics services in the Middle East, Atlantic Navigation Holdings (Singapore) Limited, has received long term charter deals for ten offshore supply vessels with a combined value of USD 236 million from a Middle Eastern National Oil Company (NOC). Atlantic Navigation will supply
DP World Yarimca, one of the biggest container terminals in Turkey, has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdogan, the global marine terminal operator DP World said. The new container terminal, built in Kocaeli city, Körfez district, can han
DP World Yarimca has been officially opened for business by the Turkish President in the presence of senior government officials and executives of DP World. As one of the biggest in the country, the new terminal can handle up to 1.3 million containers covering 460,000 square meters, enhancing Turkey
Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won contracts worth up to $210 million in total. According to the Vallianz’s press release on Monday, following these contract wins, the company has set a new record of $1.2 bil
UK-based maritime security company, Sonardyne , has been awarded a contract to service the Sentinel Intruder Detection Sonar (IDS) system that helps safeguard an undisclosed waterside facility in the Middle East from unauthorised access from the sea. Six years after it was commissioned, the underwat
Interview: Kidnappings for Ransom Easy and Less Risky In 2016, piracy has yet again emerged as one of the key problems seafarers face during their voyages at sea. A particular concern is the ever growing number of kidnappings … Read More Third Alliance Members Revealed Global carriers Hanjin, Hapag-
