National Shipping Company of Saudi Arabia (Bahri) has more than doubled its second-quarter results recording SAR 342.48 (USD 91.2 million) in net profit, the company said in its business report for the first six months of the year ending with June 30. This is a considerable increase compared to SAR
National Shipping Company of Saudi Arabia (Bahri) has more than doubled its second-quarter results recording SAR 342.48 (USD 91.2 million) in net profit, the company said in its business report for the first six months of the year ending with June 30. This is a considerable increase compared to SAR
Paragon Offshore, a provider of offshore drilling rigs, has stacked two jack-up drilling rigs, one in Malaysia and another one in Cameroon, and it will be stacking four jack-ups in the U.S. Gulf of Mexico. Namely, Paragon Offshore stacked the jack-up rig Paragon L785 in Malaysia. The rig was previou
A contract has been signed with the Tianjin Dredging Company, part of the China Communication Construction Company (CCCC) and the recently founded Dredging Group, under which Wartsila will supply the engines and all essential ancillaries for a new self-propelled cutter dredger. The vessel will be on
Genel Energy has reshuffled its management positions announcing new Chairman and CEO. The company has said that its Chairman Rodney Chase has resigned, making way for Tony Hayward, who will in turn set free his CEO position for Murat Özgül, previously President, Turkey and KRI. Özgül has also been a
Iran is negotiating cooperation on construction of floating liquefied natural gas plants (FLNG) with an undisclosed industry major, according to the head of the National Iranian Gas Company Alireza Kameili. The announcement comes ahead of the long-anticipated deal on lifting of sanctions against Ira
Iran is negotiating cooperation on construction of floating liquefied natural gas plants (FLNG) with an undisclosed industry major, according to the head of the National Iranian Gas Company Alireza Kameili. The announcement comes ahead of the long-anticipated deal on lifting of sanctions against Ira
Singapore’s Vallianz, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won a time charter valued at up to $300 million to supply two self-elevating platforms. Vallianz has said that the contract is with an existing customer in the Middle East. I
Qatargas has signed an Incident Assistance Agreement with ConocoPhillips in order to further enhance its Response Management System. Qatargas expects the agreement to improve its technical expertise to effectively respond to an emergency incident. “The first and foremost goal of Qatargas is to opera
The Qeshm Island will be turned into a main marine port in the region, according to the Managing Director of Qeshm Free Zone, Hamid Reza Momeni. Speaking about the development of marine activities in the Kaveh and Suza ports, Momeni said that three jetties with a docking capacity of 100 thousand ton
Southeast Asia continues to dominate maritime crime incidents globally, with 120 reports of piracy and maritime crime instances occurring in the region since 1st January 2015, an increase of 22% compared to the first six months of 2014, according to Dryad, the UK’s maritime intelligence company. Of
Southeast Asia continues to dominate maritime crime incidents globally, with 120 reports of piracy and maritime crime instances occurring in the region since 1st January 2015, an increase of 22% compared to the first six months of 2014, according to Dryad, the UK’s maritime intelligence company. Of
The International Association of Dredging Companies (IADC) has just released this very interesting webinar about the dredging equipment. The webinar, presented by Mr Frans Uelman – lecturer and course coordinator of the IADC Dredging Seminar for more than 15 years, was held on June 17. IADC webinars
A tender to select consultant who will conduct studies and design for the third phase of the Port of Salalah expansion project has been released by the Oman’s Ministry of Transport and Communications. According to the Ministry, the selected consultant will conduct a study on the third phase expansio
