Iran’s oil-shipping giant National Iranian Tankers Company (NITC) is ready to make a comeback on the European and international markets as soon as possible following a deal on lifting of nuclear sanctions agreed upon on Tuesday between Iran and the six world powers in Vienna, a company official conf
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
Weekly capacity on Far East to US East Coast all-water services has surged by 20% year-on-year, to reach a record high of 143,000 teu this month, according to market analyst Alphaliner. A total of 25 weekly strings currently serve the trade, four more than one year ago. Six strings were launched bet
Weekly capacity on Far East to US East Coast all-water services has surged by 20% year-on-year, to reach a record high of 143,000 teu this month, according to market analyst Alphaliner. A total of 25 weekly strings currently serve the trade, four more than one year ago. Six strings were launched bet
Qatar Gas Transport Company (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a 10% increase in net profit attributable to its shareholders for the first six months of 2015 when compared to the same period a year before. Nakilat brought its shareholders QAR 490.
Qatar Gas Transport Company (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a 10% increase in net profit attributable to its shareholders for the first six months of 2015 when compared to the same period a year before. Nakilat brought its shareholders QAR 490.
Qatar-based marine transport and logistics conglomerate Milaha said that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September. Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past 7 years. During his tenure as CEO, he oversaw the strategic acquisit
Qatar-based marine transport and logistics conglomerate Milaha said that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September. Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past 7 years. During his tenure as CEO, he oversaw the strategic acquisit
ABB has received orders, worth around $100 million, from Hyundai Heavy Industries for electrical and telecommunication systems under the contract for EPC Work of Nasr Full Field Development Project off the coast of the United Arab Emirates. The facilities covered by the referred contract will be pow
Marsol International, a Dubai-based marine solutions provider, has launched a specialist Emergency Pipeline Repair Service (EPRS) to safeguard shallow water intertidal zones. EPRS has been developed over the last six years to service all types of environmental situations and geotechnical configurati
WERPO, an Israeli wave energy developer, has announced plans for the construction of a 10 MW wave power plant in Sri Lanka. WERPO has received approval for this renewable energy project from the Ceylon Electricity Board (CEB), the largest provider of electricity in Sri Lanka, WERPO’s press release r
Nine of the 14 tankers nominated by Iraq’s State Oil Marketing Organization (SOMO) have departed from the Turkish port of Ceyhan, having been left stranded at the anchorage with their orders cancelled, Platts informed citing daily terminal status reports from Monday. It is expected that five more ta
Nine of the 14 tankers nominated by Iraq’s State Oil Marketing Organization (SOMO) have departed from the Turkish port of Ceyhan, having been left stranded at the anchorage with their orders cancelled, Platts informed citing daily terminal status reports from Monday. It is expected that five more ta
