U.S. Federal Maritime Commission (FMC) has completed compromise agreements with Dubai-based United Arab Shipping Company (UASC) and six non-vessel-operating common carriers (NVOCCs) for alleged violations of the U.S. Shipping Act and FMC’s regulations, recovering a total of USD 1,227,500 in civil pe
Records were broken, vessels were mobilized from every corner of the globe, and work was carried out non-stop. The construction of the new Suez Canal in Egypt was like a rollercoaster ride, said Van Oord. The new Suez Canal has been completed in record time thanks to several consortia from the globa
Marine seismic data acquisition specialist Polarcus has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The Dubai-based company said that the project, subject to the execution o
Alam Maritim Resources Berhad has chartered a Safety Standby Rescue Vessel MV Setia Emas to Allianz Middle East Ship Management LLC, a marine contractor providing Offshore Support Vessels and diving services to the offshore Oil & Gas industry, incorporated in United Arab Emirates. According to Alam
On Thursday, 6 August,2015, the Dredging International (75%) and Great Lakes Dredge & Dock Company (25%) consortium will participate in the opening festivities of the modernized Suez Canal in Egypt. Thanks to the widening and deepening of the canal, the waiting time on the navigation route has been
Emirates Classification Society (Tasneef), a national classification society of United Arab Emirates, and Abu Dhabi Petroleum Ports Operating Company (Irshad), a wholly owned subsidiary of ADNOC, recently signed a one year contract through which Tasneef will survey and classify 31 of Irshad’s offsho
Emirates Classification Society (Tasneef), a national classification society of United Arab Emirates, and Abu Dhabi Petroleum Ports Operating Company (Irshad), a wholly owned subsidiary of ADNOC, recently signed a one year contract through which Tasneef will survey and classify 31 of Irshad’s offsho
Italy’s Contship Italia Spa has recently signed a strategic Memorandum of Understanding (MOU) with Iran’s largest port operator – Sina Port & Marine Company (SPMCO) – aimed at exchanging experiences and know-how in port operations, and expanding the cooperation between the two port operators. The pa
Italy’s Contship Italia Spa has recently signed a strategic Memorandum of Understanding (MOU) with Iran’s largest port operator – Sina Port & Marine Company (SPMCO) – aimed at exchanging experiences and know-how in port operations, and expanding the cooperation between the two port operators. The pa
Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh…. Read more Korean Big Three Hit Hard in Q2 South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipb
Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh…. Read more Korean Big Three Hit Hard in Q2 South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipb
Subsea 7 today announced the award of a contract with a value of approximately $500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be
Container carriers are returning their operations to Iran following the deal with P5 +1 powers on lifting of nuclear sanctions against the country. Under the deal, sanctions against Iran’s oil export industry are to be lifted in exchange for additional restrains on the country’s nuclear program. How
Container carriers are returning their operations to Iran following the deal with P5 +1 powers on lifting of nuclear sanctions against the country. Under the deal, sanctions against Iran’s oil export industry are to be lifted in exchange for additional restrains on the country’s nuclear program. How
