Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results for the third quarter of 2015. DEME (AvH 60.40%) suc
Two Noble Corporation’s drilling rigs have experienced operational downtime with zero dayrate in the fourth quarter of 2015 due to maintenance and inspection. According to Noble’s latest fleet status report issued on Thursday, Noble Bully I drillship experienced 13 days of operational downtime at ze
The Baltic Dry Index (BDI) fell to 504 points on Thursday, hitting the lowest point in almost thirty years. The BDI dropped by 15 points, a 2,89 percent decrease against the numbers on November 18, and a 36 percent decrease for this year. Such low results are caused by a reduction in the cost of shi
Arabian Gulf ship operator Oman Shipping Company (OSC) has named two of its new product and chemical tankers – the Muscat Silver and Rustaq Silver – at the Hyundai Mipo Dockyard in Ulsan, South Korea. OSC will now take delivery of the Muscat Silver as part of a deal which will see 10 MR tankers deli
Unique Group has acquired an Aberdeen-based marine survey equipment company GSE Rentals (Geophysical Survey Equipment). GSE Rentals is now wholly owned by Unique Group and the company’s workforce will be retained, Unique Group’s press release reads. Former owner, Stan Moroney, will continue as busin
The Khalifa Port Container Terminal, operated by UAE-based Abu Dhabi Terminals, has seen a 36 percent surge in cargo volumes during the first ten months of 2015 compared to the same period last year. The terminal moved 1.204,993 TEUs (twenty foot equivalent units), up from 889,165 TEUs in the same p
Dredging Today brings you an overview of the most popular stories from the past week (November 8-15). PortMiami Dredging Pays Off PortMiami is positioning itself to capture new trade opportunities thanks to more than $1 billion of capital infrastructure projects now complete. TSHD Severnaya Dvin
Royal Boskalis Westminster N.V. said that they have realized a good third quarter. Quarterly revenue slightly exceeded the average quarterly revenue in the first half of the year. Cumulative revenue for the past three quarters was stable compared to the same period last year when adjusted for (de)co
Energy and chemicals company Saudi Aramco and South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group signed a general memorandum of understanding (MoU) on Wednesday to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia. The MoU lays the grou
Saudi Aramco, an integrated energy and chemicals company, and Hyundai Heavy Industries (HHI) Group have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia. The signing ceremony was presided by Amin H. Nasser,
Taqa has seen its third quarter 2015 results negatively impacted by a drop in oil prices. The Abu Dhabi-based company recorded a net loss of AED 416 million ($113,3 million), compared to a profit of AED 107 million ($29.13 million) during the third quarter of 2014. Explaining the loss, Taqa said tha
The International Association of Dredging Companies’ (IADC) Conference, “From Birth to Boom: Asian Maritime Megastructures,” took place at the Island Shangri-La hotel, Hong Kong on October 23, 2015. Hong Kong was chosen as the location to commemorate the turning point of today’s dredging and maritim
During the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Tuesday, the Abu Dhabi National Oil Company (ADNOC) and the German E&P company Wintershall signed a Memorandum of Understanding (MoU) regarding future cooperation in research and development. According to Wintershall’
Dubai Maritime City Authority (DMCA) has taken legal action against a fuel supplying company for illegally conducting bunkering operations in Dubai waters. The company was fined for failure to obtain the necessary permissions and approvals in violation of Dubai government regulations, according to D
