Terminal officials at the Port of Aden, Yemen have revealed a new expansion plan that includes putting Ma’alla Container Terminal into operation again after more than four years of suspension. According to the letter issued by the leadership of the Aden Ports Development Company (APDC) which was add
KS Energy’s subsidiary KS Drilling has secured a contract with Egypt’s Belayim Petroleum for a jack-up drilling rig. KS Energy has also informed it will have to pay a multi-million fine for its other rig, the KS Java Star. According to KS Energy, Belayim Petroleum will use the company’s KS Medstar-1
Qatar’s first shipment of liquefied natural gas (LNG) arranged under the new USD 16-billion deal signed last month has arrived in Pakistan aboard an LNG ship Al Gattara. The 2007-built Q-Flex LNG ship Al Gattara arrived to the Elengy Terminal in Port Qasim on March 1st where it remains today as well
John Fredriksen-controlled oil tanker shipping company Frontline Ltd. said that there are still some remaining issues related to insurance and payments for cargoes sent from Iran, which could be resolved in two or three months. “We have not lifted anything yet,” Robert Hvide Macleod, Director and CE
Israeli container shipping company ZIM launched a new Guyana & Suriname Express service (GSE) starting from March 2. The company is expanding its services by offering the new fixed-day rotation that will connect Kingston KCT (Wed), Georgetown JFT (Mon-Tue) and Paramaribo (Thu-Fri). Operating with tw
Consolidation in the container shipping industry is happening for the first time in a decade and will likely continue in 2016, according to a new report from AlixPartners advisory firm. The containerized-ocean-freight industry suffered considerably in 2015 amid continuing financial woes and all sign
The International Association of Dredging Companies (IADC) has introduced the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standards
Dredge Yard has sponsored for the 3rd consecutive year the Moscow Forum of Dredging Companies, organized by the Media-Group Port News with the assistance of the Ministry of Transport of Russia Federation. Specialists in dredging and shipbuilding industry gathered from around the globe to discuss abo
Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6%, according to Drewry’s Carrier Performance Insight. The latest result represented the worst month-on-month decline since January 2015 (when the o
The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Agreement (MoA) to purchase a very large crude carrier (VLCC), the Hanjin Ras Tanura, for USD 75 million. The ship, built in 2011 at Hyundai Heavy Industries in South Korea, will be delivered to Bahri in March 2016. The
Hapag-Lloyd’s Full Year Profit in Line with Expectations German container shipping company Hapag-Lloyd has achieved its earnings targets for 2015 and significantly improved its operating result (EBIT) in the fourth quarter of 2015… Read More Fresh Wave of Raids in Petrobras-Keppel Bribery Probe In a
Dredging Today brings you an overview of the most popular stories from the past week (February 22-28, 2016). BAM Signs Xbloc License Agreement with Bouygues BAM Infraconsult, under its trade name Delta Marine Consultants, has signed a license agreement with Bouygues for the use of Xbloc on the Cal
Singapore’s SBI Offshore announced on Thursday that a consortium of six Middle East-Chinese parties have terminated a $24 million worth jack-up drilling rig design and engineering contract it had with SBI. SBI Offshore said that the consortium filed a termination request in view of the downturn in t
Polarcus, a marine geophysical company, has received multiple awards which together extend the fleet backlog by six vessel months. According to the geophysical company, the projects will be carried out by multiple Polarcus vessels and will start in the first and the second quarter of 2016. Commentin
