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Business & Finance

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DP World Explores Investment Possibilities in Georgia
Business & Finance

DP World Explores Investment Possibilities in Georgia

A research team of Dubai’s port operator DP World is to visit Georgia to look into the construction of a marine terminal, inland terminal, logistics park or an economic zone, the company said following a meeting between DP World’s Chairman and Prime Minister of Georgia recently held in Dubai. The di

about 10 years ago
Terra et Aqua: Spotlight on Rock Cutting Processes
Business & Finance

Terra et Aqua: Spotlight on Rock Cutting Processes

In its latest edition of Terra et Aqua, the International Association of Dredging Companies (IADC) has released an article named ‘Modelling the effect of water depth on rock cutting processes with the use of discrete element method’. Whether it is for the construction of ports on new locations, the

about 10 years ago
Royal IHC to Upgrade NMDC’s Three Cutter Suction Dredgers
Business & Finance

Royal IHC to Upgrade NMDC’s Three Cutter Suction Dredgers

National Marine Dredging Company (NMDC) of Abu Dhabi has granted Royal IHC an order to upgrade the automation of three heavy-duty cutter suction dredgers (CSDs). The AL SADR, AL MIRFA and KATTOUF were built by Royal IHC between 1999-2001, and were equipped with the then latest versions of IHC DPM® (

about 10 years ago
Newbuilding Orderbook Takes a Nosedive in Q1
Business & Finance

Newbuilding Orderbook Takes a Nosedive in Q1

The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the end of March 2016, Clarksons data shows. This is a substantial drop when compared to the corresponding period in 2015 when a total of 375 ships were ordered. January was definitely the sl

about 10 years ago
IADC Releases ‘Beyond Sand & Sea’
Business & Finance

IADC Releases ‘Beyond Sand & Sea’

To celebrate the 50th anniversary of the founding of the International Association of Dredging Companies (IADC), a limited edition book ‘Beyond Sand & Sea‘ has now been released. The book shows the last 50 years of dredging achievements as depicted through 50 iconic projects. Spanning the globe, the

about 10 years ago
Spotted: Tracking AIDAprima on Its Way Home
Business & Finance

Spotted: Tracking AIDAprima on Its Way Home

AIDAprima, a newly built cruise ship owned by German-based cruise line AIDA Cruises, is currently sailing on its first voyage from Nagasaki to Hamburg, with its route including several ports. The photo shows the ship at the Salalah port on March 30 ready to set sail for its next destination, Limasso

about 10 years ago
Eco Wave Power looks at Cyprus
Business & Finance

Eco Wave Power looks at Cyprus

Israeli wave energy developer, Eco Wave Power (EWP), is exploring options to deploy its wave energy technology off Cyprus.

about 10 years ago
Port of Salalah Inks Fuel Terminal Deal with omanoil
Business & Finance

Port of Salalah Inks Fuel Terminal Deal with omanoil

The Port of Salalah and Oman Oil Marketing Company (omanoil) have signed a lease agreement for the development of a small to medium capacity fuel terminal in the port. Planned to be completed by the end of 2016, the project is aimed at enabling expansion for omanoil’s bunker and trading capabilities

about 10 years ago
Port of Aden Continues Bunker Supply After a Year
Business & Finance

Port of Aden Continues Bunker Supply After a Year

The Yemeni port of Aden resumed bunker supply operations on Friday, April 8 following a year-long suspension of activities amid a civil war that resulted in the freeze of bunker supply in March 2015. The Russian-flagged fishing vessel Optimist, coming from Singapore, was the first ship to inaugurate

about 10 years ago
Oil Production Freeze Would Not Affect the Tanker Market
Business & Finance

Oil Production Freeze Would Not Affect the Tanker Market

In an effort to put a floor under oil prices and allow demand growth to catch up with supply, the oil ministers from OPEC (Organization of the Petroleum Exporting Countries) plus Russia will meet in Doha on April 17 in order agree on oil production freeze, shipping company Teekay said. The global oi

about 10 years ago
Damen Delivers Dredging Components for SPTs
Business & Finance

Damen Delivers Dredging Components for SPTs

Damen Dredging Equipment has just completed an unusual task – their dredge pumps and valves have been fitted in remote operated deep sea mining vehicles. These deep sea mining vehicles, also called Seafloor Production Tools (SPTs), have been manufactured by Soil Machine Dynamics (SMD). This UK-based

about 10 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Dredging Today brings you an overview of the most popular stories from the past week (April 4-10, 2016). Boskalis Completes Acquisition of STRABAG Wasserbau Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. D

about 10 years ago
Qatargas Inks Four-Year LNG Supply Deal with KPC
Business & Finance

Qatargas Inks Four-Year LNG Supply Deal with KPC

Qatar Liquefied Gas Company Limited 2 (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply half a million tonnes of Liquefied Natural Gas (LNG) to Kuwait over the next four years, starting from March 2016. The LNG will be sourced from Qatargas 2, a joint venture b

about 10 years ago
BDI Reaches New High in 2016
Business & Finance

BDI Reaches New High in 2016

As the dry bulk market is currently experiencing a slight recovery, the Baltic Dry Index (BDI) jumped by 13 points and reached 500 points on April 6, marking the highest level so far in 2016. The Capesize index was up by 11 points reaching 477, the Panamax index was up by 23 points hitting 619, whil

about 10 years ago
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