Global marine terminal operator DP World reported strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of $405 million, up by 21.9% compared to the first half of 2014. DP World’s revenue stood at $1.9 bill
Global marine terminal operator DP World reported strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of $405 million, up by 21.9% compared to the first half of 2014. DP World’s revenue stood at $1.9 bill
WERPO, an Israeli wave energy developer, has entered into an agreement with Help Mankind for a twofold joint venture. According to WERPO, the first venture comprises the implementation of a manufacturing plant for the production of the equipment used by WERPO in its patented wave energy generation t
Seafarers sometimes fear port calls because of the increase in workload caused by the many audits and inspections when a ship is in dock, according to the results of the second Seafarers Happiness Index report published by Crewtoo, the online social network for seafarers. This increase in workload a
Seafarers sometimes fear port calls because of the increase in workload caused by the many audits and inspections when a ship is in dock, according to the results of the second Seafarers Happiness Index report published by Crewtoo, the online social network for seafarers. This increase in workload a
Royal IHC, a Dutch builder of vessels and equipment for the dredging and offshore oil & gas industries, has just introduced a video that shows how to remove a cutter head and prevent eventual damage during the process. The cutter heads and teeth on the dredgers are exposed to extreme forces and wear
The Stifel Logistics Situation Index showed an easing in demand in August, resulting in a decline of 1.8 points to a mark of 51.3. However, the current situation in sea freight saw gains over July’s score, and was significant in arresting the pace of decline, providing a bright spot in a month that
The Stifel Logistics Situation Index showed an easing in demand in August, resulting in a decline of 1.8 points to a mark of 51.3. However, the current situation in sea freight saw gains over July’s score, and was significant in arresting the pace of decline, providing a bright spot in a month that
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has expanded its joint venture with Greek shipping company Maran Ventures Inc. to include two new LNG vessels. Maran Nakilat Co. Ltd. was established in 2005 with four jointly-owned vessels, and the agreement has been expanded
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has expanded its joint venture with Greek shipping company Maran Ventures Inc. to include two new LNG vessels. Maran Nakilat Co. Ltd. was established in 2005 with four jointly-owned vessels, and the agreement has been expanded
Wood Group Intetech (WGI), an asset integrity specialist serving the global oil and gas industry, has been awarded 11 new contracts worth $1 million. According to the company, the agreements include the provision of well integrity software and consultancy services, and span the Americas, Europe and
By Guy Faulconbridge TEHRAN (Reuters) – Royal Dutch Shell <RDSa.L> will repay a $2 billion (1.3 billion pounds) debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said. Much
India’s gas utility company GAIL is seeking to revive an LNG deal with Iran dating back from 2005 as steps on lifting of sanctions against Iran gain momentum. The agreement relates to a $ 22-billion LNG supply contract signed with National Iranian Gas Export Company (NIGEC) for the purchase of 5 mil
India’s gas utility company GAIL is seeking to revive an LNG deal with Iran dating back from 2005 as steps on lifting of sanctions against Iran gain momentum. The agreement relates to a $ 22-billion LNG supply contract signed with National Iranian Gas Export Company (NIGEC) for the purchase of 5 mil
