Italian cable specialist, Prysmian, has signed an agreement to increase its stake in Oman Cables Industry to approximately 51%, thus gaining majority stake. According to the terms of the agreement, Prysmian, which already own a 34.78% stake in the company, will purchase an additional approximately 1
Liquid Sea, a wholly-owned subsidiary of Liquid Telecom, has started a project to build a new subsea cable linking Africa to the Middle East with onwards connectivity to Europe. Liquid Telecom Group CEO Nic Rudnick confirmed the Request For Tender has been issued to international companies involved
The Port of Salalah, a major Arab Gulf gateway port operated by APM Terminals, has inaugurated a new deep-water General Cargo and Liquid Bulk Terminal, adding 20 million tons of dry cargo and six million tons of liquid bulk cargo annual handling capacity. The 1266 meter quay features two 320 meter-l
Iran and France have reached a final agreement on setting up Iran’s first floating production of LNG from Forouzan oilfield in the Persian Gulf, National Iranian Oil Company (NIOC) announced. “Final negotiations have been held between two Iranian companies and a reputable French company in order to
The Port of Salalah, an Arab Gulf regional gateway port and transshipment hub on the Arabian Sea, has inaugurated a new deep-water General Cargo and Liquid Bulk Terminal, adding 20 million tons of dry cargo and six million tons of liquid bulk cargo annual handling capacity. The 1266 meter quay offer
Global marine terminal operator DP World has ordered automation and remote control solutions for its flagship Jebel Ali port in Dubai, UAE, from Swiss power and automation technology group ABB. The technology will be added to DP World’s new Terminal 4, which is expected to add a capacity of 3.1 mill
Poor Judgement Led to Collision in Jebel Ali, Report Says A number of safety measures were disregarded resulting in a collision on February 11 2015 between the UK registered containership Ever Smart and the Marshall Islands r… Read More Maersk Saigon Runs Aground at Brazilian Port The 108180 DWT con
Dredging Today brings you an overview of the most popular stories from the past week (December 7-13). Mteck Delivers Electric Dredge Crane for Van Oord Mteck BV, a Dutch based builder of custom cranes for dredging and stevedoring industries, has just delivered an electric dredge crane for Paans Va
Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. But performance will v
Port operator Abu Dhabi Ports is set to officially open the new state-of-the-art cruise terminal at Zayed Port in December. The preparations for the cruise terminal opening are in full swing in coordination with the Abu Dhabi Ports’ strategic partners such as Etihad Airways, Tourism and Culture Auth
The global shipping industry organizations are calling for shipping to be brought back in the latest draft text, issued days before talks were due to end at COP21 climate talks in Paris, by United Nations Framework Convention on Climate Change (UNFCCC). Shipping, together with aviation, had been inc
Middle Point, Dutch recruitment & contracting specialist for the maritime and offshore industry, has secured a deal to supply contract personnel to Qatar Petroleum for the Bul Hanine offshore redevelopment project. Located 120 km from Qatar’s east coast, the USD 11 billion Bul Hanine redevelopment p
2015 has proved a record year for the Italian dredger manufacturer Italdraghe. The beginning of the year saw the delivery in Italy of the first of its new range of Octopus dredgers, multifunctional vessels with numerous innovative features that allow them to operate in extremely varied working condi
Middle Point, the recruitment & contracting company for the maritime and offshore industry, has secured a deal to supply contract personnel to Qatar Petroleum for the Bul Hanine offshore redevelopment project. Located 120 km from Qatar’s east coast, the $11 billion Bul Hanine redevelopment project i
