The National Shipping Company of Saudi Arabia (Bahri) announced that its National Chemical Carriers subsidiary entered a deal on 24th February 2016 to purchase five second-hand Medium Range tankers. The vessels were built in 2014 at Hyundai Mipo Dockyard in South Korea for Scorpio Tankers Inc. As di
The 3rd International Forum of Dredging Companies, organized by the media group PortNews with FSUE Rosmorport and IADC as partners, kicks off today in Moscow. The visitors will have chance to learn more about new dredging and land reclamation technologies, to review the equipment for operations in s
Global marine terminal operator DP World has signed two major contracts for civil construction work at its new Container Terminal 4 on a reclaimed island in Jebel Ali Port. According to the contracts, Dubai-based construction company Dutco Balfour Beatty LLC will develop an operational yard area wit
DP World has signed two major contracts for civil construction work at its new Container Terminal 4 on a reclaimed island in Jebel Ali Port. His Excellency Sultan Ahmed Bin Sulayem, DP World Group Chairman and Chief Executive Officer; Zeyad Baker, Executive Director, Dutco Balfour Beatty LLC and Pat
Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) delivered a net profit of QAR 1.095 billion (USD 300.6 billion) for the full year of 2015, representing a 4 percent increase compared to the previous year. The company’s operating revenues for the period increased by 1
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), has secured long-term charters for five vessels in the Middle East with a combined contract value of approximately $85 million. The first contract is for the group to supply four new utility vessels to the specific requi
Abu Dhabi-based National Petroleum Construction Company (NPCC) has chosen the Swiss power and automation technology provider ABB to deliver electrical and telecommunication systems to the Al Nasr Full field Development Project in Abu Dhabi, UAE. ABB said the orders were worth around $18 million and
Dredge Yard, an international producer of mining/dredging components and equipment, has just released this very interesting video about the engineering and manufacturing of their dredge ball joints. The dredge ball joints are designed in six different types, giving variations of tilting angle from 1
Engineering, procurement, construction and installation company McDermott has appointed Erich Kaeser to its board of directors. The appointment of Kaeser, who will serve on the company’s audit committee, is effective starting Tuesday, February 23, 2016. According to the company, Kaeser served in key
As Iran returns to the global oil market, adding supply to an oversaturated market, the country will try to increase its exports to China, according to Moody’s rating agency. However, “regional rivalries could hinder this effort, with Saudi Arabia currently China’s largest crude supplier,” Waheed Sh
Qatargas, the Maersk Group and Shell signed a Memorandum of Understanding (MOU) to explore the development of LNG as a marine fuel in the Middle East region. Through the joint relationship the partners plan to explore the development of new markets for LNG to be used as propulsion fuel for merchant
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, plans to pursue aggressive developments and growth strategies in the long term through acquisition of new business opportunities in the marine sector. “Nakilat will exploit future opportunities to acquire new business opportuni
JDR, the UK-based supplier of subsea umbilicals and power cables to the offshore energy industry, has been awarded two umbilical contracts by McDermott Middle East Inc., for undisclosed operators. The umbilicals will be delivered to two projects in the United Arab Emirates and Qatar. The first proje
JDR, the UK-based manufacturer of subsea umbilicals and power cables to the offshore oil and gas industry, has been awarded two umbilical contracts by McDermott in Middle East. The umbilicals will be delivered to undisclosed operators for two projects in the United Arab Emirates and Qatar. The first
