A consortium composed of Teekay LNG Partners L.P., Samsung C&T and Gulf Investment Corporation (GIC) executed on Wednesday with the Government of the Kingdom of Bahrain the project agreements for the development of an LNG receiving and regasification terminal in Bahrain. The project, to be developed
The cruise industry shows no signs of slowing down, with nearly 24 million passengers expected to sail in 2016, a dramatic increase from 15 million just 10 years prior (2006), Cruise Lines International Association (CLIA) said in its 2016 State of the Cruise Industry Outlook. CLIA also revealed that
The struggles of dry bulk shipping companies to recover their costs are to resume for at least the following years as the gloomy outlook for the dry bulk shipping market continues. Ship owners’ efforts to recover their costs by downsizing their vessel holdings is expected to enable oversupply to red
National climate pledges in emerging markets and an ambitious deal in Paris could spark an export boom for the European wind industry, according to the European Wind Energy Association (EWEA). China, India, Morocco, Brazil and Turkey are just a few of the countries that have made post-2020 national
National climate pledges in emerging markets and an ambitious deal in Paris could spark an export boom for the European wind industry, according to the European Wind Energy Association (EWEA). China, India, Morocco, Brazil and Turkey are just a few of the countries that have made post-2020 national
Container shipping companies’ operating margins are forecast to worsen further in the fourth quarter, with the majority of them expected to turn in negative results, according to Alphaliner. The decreasing of margins follows the downward trend from the third quarter of 2015 which saw weak cargo volu
The International Association of Dredging Companies (IADC) has just released 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 standar
As the public pressure mounts on reducing CO2 footprint across the board, the ship owners are investing heavily in greening up the global fleet. This is evident when taking a look at the fleet of ships being delivered next year, as over half of newbuilds, excluding small dry ships, feature eco engin
International oilfield services company, Expro, has entered Qatar market for the first time and expanded its Middle Eastern presence with a five-year contract win. The contract will see Expro provide its range of well intervention and slickline services including high deviation and heavy-duty fishin
Dragflow, an Italian manufacturer of heavy duty pumps and complete dredging equipment, is continuing the development of new products addressing the changing needs of dredging industry. As 2015 is nearing its end, we took the opportunity to speak with Mr. Roberto Martinelli, Dragflow Director, about
20 countries have launched Mission Innovation in Paris today, committing to double their governmental and/or state-directed clean energy research and development investment over five years and make clean energy widely affordable. The countries participating in the new initiative include: Australia,
The UN Climate Change Conference in Paris was officially opened at 10 am local time today, and will kick off with a Leaders Event where an estimated 150 presidents, prime ministers and heads of states will deliver their speeches. This is the twenty-first session of the Conference of the Parties (COP
The UN Climate Change Conference in Paris was officially opened at 10 am local time today, and will kick off with a Leaders Event where an estimated 150 presidents, prime ministers and heads of states will deliver their speeches. This is the twenty-first session of the Conference of the Parties (COP
International oilfield services company, Expro, has expanded its Middle Eastern presence with a five-year contract win in Qatar. The company said it would provide well intervention and slickline services including high deviation and heavy-duty fishing offshore Qatar, as well as in drilling and worko
