Vallourec, a French provider of tubular solutions serving the energy market, has signed a contract with the Abu Dhabi National Oil Company (ADNOC) to supply OCTG during the 2016-2018 period to its three operating companies, ADMA-OPCO, ADCO, and ZADCO. Vallourec noted that this was the first time th
The Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) has made an official comeback to the port of Antwerp with one of its ships making a call at the port last week for the first time since 2010. The arrival of the container carrier Azargoun at the Antwerp Gateway terminal in
Oman’s SOHAR Port and Freezone has signed a Memorandum of Understanding (MoU) with Brazilian mining company’s subsidiary Vale in Oman and Oman National Investments Development Company SAOC TANMIA in Muscat that will pave way for the development of the SOHAR Dry Bulk Logistics Corridor. The project t
Mermaid Maritime, a provider of subsea and offshore drilling services, has announced that its Qatari business unit Mermaid Subsea Services has been awarded an additional subsea cable installation and related diving services assignment. According to Mermaid Maritime, the contract was awarded by an ex
Russian transport operator FESCO Transportation Group, in cooperation with the port of Olya, is launching the Trans-Caspian intermodal service FESCO Russia Iran Service (FRIS), to transport cargo between Russia and Iran. According to the company, the service includes shipping over the Caspian Sea an
Despite historically low container shipping rates, Israel’s cargo shipping company ZIM Integrated Shipping Services managed to stay in the black with an annual net income of USD 6.5 million seen in 2015, compared to a net loss of USD 198.1 million recorded a year earlier. The company’s operating cas
Iran’s first two ships have been classified by Italy’s RINA Services and the Asian Classification Society (ACS) following the sanctions’ lifting against the country. The vessel pair are two general cargo ships at 15,000 GT owned by the Islamic Republic of Iran Shipping Lines (IRISL) which has just m
Rolls-Royce has unveiled its vision of the land-based control centres that the company believes will remotely monitor and control the unmanned ships of the future. In a six minute film, Rolls-Royce presents a vision of the future in which a small crew of 7 to 14 people monitor and control the operat
Danish shipping companies Maersk Line and Maersk Tankers have signed a three-year contract with Japan-headquartered weather company Weathernews that covers weather routing services, port forecasts and other weather-driven risk communication services. Operating from five global operations centers, We
South Korean shipbuilder Hyundai Heavy Industries (HHI) signed a joint project with US-based technology conglomerate General Electrics (GE) and international classification society Lloyd’s Register (LR) to develop gas turbine powered, electrically driven, 14,000 container ship design. Gas turbines a
As we already reported last week, Royal IHC (IHC) and National Marine Dredging Company (NMDC) have signed a contract for the construction of the first custom-build state-of-the-art trailing suction hopper dredger (TSHD) in the Gulf area. The 6,000m³ TSHD is a tailor-made solution that combines shall
Offshore support vessels operator POSH Semco, a wholly-owned subsidiary of PACC Offshore Services Holdings (POSH), has launched legal action against Makamin Offshore Saudi (MOS) related to owed charter fees for three vessels. The company is claiming a sum of SAR 24.4 million (USD 6.5 million) due fr
Abu Dhabi’s national energy company TAQA has awarded Asset Guardian Solutions, the UK-based process control software company, a contract to provide its software solutions for TAQA’s North Sea offshore assets. TAQA, through its UK subsidiary, operates five platforms that produce from 13 fields spread
South Korean shipbuilding major Hyundai Samho Heavy Industries (HHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), has secured an order for two Suezmax tankers from Arab Maritime Petroleum Transport Co (AMPTC), Asiasis said. The 159,000 DWT Long Range 3 (LR3) oil tankers, priced at ar
