Eco Wave Power (EWP) has completed the installation of its second generation wave power plant in Israel, and started parts procurement process for its new project in Gibraltar. EWP has been conducting wave pool testing as well as real conditions testing in order to prove the durability of its wave e
Italy’s Saipem has lost a major contract related to the pipe laying activities under the Black Sea. According to reports, Russian gas giant Gazprom, has through its South Stream Transport BV, informed Saipem to terminate the contract for the construction of the first line of the offshore section of
There is an increasing number of recruitment frauds targeting people wanting to work in the cruise industry, the International Transport Workers’ Federation (ITF) cruise ship task force chair Johan Oyen has warned. Scammers are using different tactics to try and part seafarers and potential seafarer
There is an increasing number of recruitment frauds targeting people wanting to work in the cruise industry, the International Transport Workers’ Federation (ITF) cruise ship task force chair Johan Oyen has warned. Scammers are using different tactics to try and part seafarers and potential seafarer
McDermott International, Inc. has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia. The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi A
McDermott has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia. The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi Arabia, establishes t
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in
The morale in the shipping industry has fallen to the lowest level in the past six years, according to the Way Ahead Transport survey by Norton Rose Fulbright law firm. The battered optimism has been attributed to a fleet overcapacity in the shipping industry at a time of recorded downturn in emergi
The morale in the shipping industry has fallen to the lowest level in the past six years, according to the Way Ahead Transport survey by Norton Rose Fulbright law firm. The battered optimism has been attributed to a fleet overcapacity in the shipping industry at a time of recorded downturn in emergi
China International United Petroleum & Chemicals (Unipec) has remained in the lead in the overall ranking of reported dirty spot charterers for 2015 year-to-date (ytd), representing 8.1% of total dirty spot market fixtures thus far, Poten & Partners writes in its weekly Tanker Opinion. Should the co
China International United Petroleum & Chemicals (Unipec) has remained in the lead in the overall ranking of reported dirty spot charterers for 2015 year-to-date (ytd), representing 8.1% of total dirty spot market fixtures thus far, Poten & Partners writes in its weekly Tanker Opinion. Should the co
The Coastal and Canal Zone Development Conference, organized by International Quality & Productivity Center (IQPC), will take place from 17-19 November in Cairo, Egypt. This event will act as a platform for the stakeholders of a number of interconnected mega projects to outline their strategies for
Drydocks World, a provider of maritime and offshore services to the shipping, oil, gas and energy sectors, has successfully completed the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters, the turret will ensure the Prelude f
