Oman Shipping Company (OSC) is launching a new freight service that would connect all Omani ports to the United Arab Emirates by mid-April, 2016. Through its new fortnightly Oman Express Service, run by OSC subsidiary Oman Container Lines (OCL), OSC will be the first freight feeder operator to conne
The third out of five second-hand Medium Range tankers bought by the National Shipping Company of Saudi Arabia (Bahri) in February has joined the company’s fleet. MR vessel STI Chelsea was delivered and ownership was transferred to Bahri’s subsidiary National Chemical Carriers (NCC) on April 6, 2016
The Mohammed bin Rashid Space Centre (MBRSC) has announced the results of conducting an analytical study to monitor the changes on Dubai coastlines during varying periods between 2009 and 2015. The study covered the natural geographical and human changes the Dubai coastline witnessed, from Al Mamzar
Hercules Offshore has received a notice from Saudi Aramco extending the contract for one of its jack-up drilling rigs operating in Saudi Arabia. According to the drilling contractor, the contract for the jack-up Hercules 266 was extended until June 30, 2016. Further, the dayrate for the Hercules 266
His Royal Highness, Prince Khalid Alfaisal, Governor of Makkah Region, toured King Abdullah Port on Monday, April 4. Alfaisal viewed the progress of work at the first port ever to be fully owned, developed and operated by the private sector, both in the Kingdom of Saudi Arabia and the Middle East, a
Korean shipbuilder Hyundai Heavy Industries (HHI) is said to be on the brink of winning a potential order for three 14,500 TEU container ships from Iranian shipping company IRISL. IRISL, which is reportedly in talks with the HHI and some other yards in both Korea and China, is expected to pay USD 12
The global container handing equipment fleet is getting smarter as port operators apply more sophisticated IT in their operations. The amount of intelligence on both manned cranes as well as unmanned equipment is increasing in a quest for improved safety, productivity and eco-efficiency. As part of
Some USD 65 billion was lost in underlying market value in shipping assets in 2015, according to shipbrokers Barry Rogliano Salles (BRS), as the year proved worse for the industry than expected. “This year saw historic (adjusted) lows or near lows in almost all market sectors except tankers. Only th
The National Shipping Company of Saudi Arabia (Bahri) has signed a Murabaha Facility Agreement, an Islamic financing using Murabaha Structure, with Riyad Bank that will be used to finance the construction cost of five Very Large Crude Carriers (VLCC) ordered in May 2015. The value of the Murabaha Fa
Iran is seeking an investment worth USD 2.5 billion to upgrade its oil tanker fleet as it gears up to restore pre-sanction shipping links. “To expand Iran’s oil tanker activities, USD 2.5 billion will be invested in it,” Ali Akbar Safaei, managing director of National Iranian Tanker Company (NITC),
The Coast and Marine Engineering Summit, which is being organized by the International Quality and Productivity Center (IQPC), will take place on April 24-27, 2016 in Abu Dhabi. Former Ministry of Works and Housing Undersecretary and Coastal Planning and Engineering Consultant, Nayef Omar Al Kalali,
The International Association of Dredging Companies has just announced that the nominations for the IADC Safety Award are now open. The IADC Safety Award is intended to encourage the development of safety skills on the job and to reward people and companies demonstrating diligence in safety awarenes
The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the second of five second hand MRs ships bought in February for USD 166.5 million. MR ship STI Mythos was delivered and ownership was transferred to Bahri’s subsidiary National Chemical Carriers (NCC) on Tuesday, 29 March 20
Bakker Sliedrecht – designer and producer of electric machines and equipment – is now part of the mega-project to build the world’s largest cutter suction dredger for Jan De Nul Group. The company has been involved in this project from the very beginning, brainstorming with Jan De Nul about the elec
