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Business & Finance

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Dredge Yard ISO 9001 Certified
Business & Finance

Dredge Yard ISO 9001 Certified

Dredge Yard, a company dedicated to the market of dredge equipment and dredging technology, has received ISO 9001 certification, the internationally recognized standard for the quality management of businesses worldwide. Dredge Yard’s Finance Officer, Syed Aalishan, said: “By implementing ISO 9001 Q

about 11 years ago
Dubai Set on Strengthening Its Position
Business & Finance

Dubai Set on Strengthening Its Position

Dubai has launched the Maritime Advisory Council (MAC), led by the Dubai Maritime City Authority (DMCA), an ambitious initiative aimed at engaging more closely with maritime businesses from both the private and public sectors. The MAC push supports both the Dubai Strategic Plan 2021, which aims to b

about 11 years ago
Eni, EGPC ink $2B oil and gas exploration deal (Egypt)
Business & Finance

Eni, EGPC ink $2B oil and gas exploration deal (Egypt)

Italian oil and gas company Eni and Egyptian General Petroleum Corp, EGPC have signed an oil and gas exploration deal, following a memorandum of agreement penned in March, earlier this year. Egypt’s energy ministry said that newly signed deal “is a prelude for the finalizing procedures of petroleum

about 11 years ago
Saudi Aramco slashes dayrates for three Hercules Offshore’s jack-ups
Business & Finance

Saudi Aramco slashes dayrates for three Hercules Offshore’s jack-ups

After Hercules Offshore yesterday said that Saudi Aramco would slash the dayrates for three Hercules Offshore’s jack-up rigs, the company’s has issued a separate statement providing more details. The Saudi Arabian oil company yesterday withdrew its previously issued contract termination for Hercules

about 11 years ago
Port Development Week in September
Business & Finance

Port Development Week in September

Following the success of its 3rd Marine and Coastal Engineering Summit that took place last year in Doha, IQPC is organizing the Port Development Week which will take place from 6-9 September 2015, again in Doha. This event will serve as an interactive platform for all project stakeholders and will

about 11 years ago
Saudi Aramco calls off contract termination for Hercules 261 jack-up
Business & Finance

Saudi Aramco calls off contract termination for Hercules 261 jack-up

Hercules Offshore, Inc., a U.S.-based offshore drilling contractor, has received a notice from Saudi Aramco withdrawing the previously issued notice of contract termination for the Hercules 261 jack-up rig. To remind, Hercules Offshore first received the notice of termination from Saudi Aramco in Fe

about 11 years ago
DNV GL: Hybrid Cyber-Ships Fast Approaching
Business & Finance

DNV GL: Hybrid Cyber-Ships Fast Approaching

Hybrid propulsion systems and connected ship solutions are emerging technologies that are gaining ground faster than expected, said Tor E. Svensen, CEO DNV GL – Maritime, while commenting on the update to DNV GL’s ”Shipping 2020” report which was published in 2012. The rise of hybrid vessels was una

about 11 years ago
Tasneef to Class Two ADNATCO Boxships
Business & Finance

Tasneef to Class Two ADNATCO Boxships

The first classification society in United Arab Emirates and in the Gulf Cooperation Council (GCC) region Tasneef has signed an agreement to issue classification and calibration certificates for two of ADNATCO’s container ships – AL BAZM-II and AL SADR-I. These two vessels are the first of their kin

about 11 years ago
Sohar Port Adds New Service to South Asia
Business & Finance

Sohar Port Adds New Service to South Asia

SOHAR Port and Freezone welcomed the inaugural call of the container vessel ‘Messini’ on Friday, marking the official start of a new service to major ports in South Asia, launched jointly by Evergreen and Simatech. The ceremony also celebrated the continued growth of SOHAR Port, having in mind that

about 11 years ago
UASC Orders Reefers for New North Europe – US East Coast Service
Business & Finance

UASC Orders Reefers for New North Europe – US East Coast Service

Middle Eastern container carrier United Arab Shipping Company (UASC) has ordered 3,500 reefer containers for its newly launched North Europe – US East Coast (NEU1) service. The service consists of a weekly sailing making five direct port calls in North Europe to the principle ports of Le Havre, Antw

about 11 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (May 25 – May 31). OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa. Under th

about 11 years ago
Readers’ Picks of the Week (25-29 of May)
Business & Finance

Readers’ Picks of the Week (25-29 of May)

Response to Purple Beach Fire Resumes Salvage operation of the Purple Beach freighter off Germany has entered its fifth day today with three ships back at the scene ready to reduce the remaining cloud of smoke coming out of the … Read more Maersk Karachi Ablaze at Bremerhaven Port The 300-meter cont

about 11 years ago
Update: Israeli Dockworkers End Strike
Business & Finance

Update: Israeli Dockworkers End Strike

Workers of Israel’s Haifa and Ashdod ports agreed to go back to work ending their strike launched on Wednesday over the privatization of the country’s two major ports. Some 2,400 workers resorted to industrial action which resulted in shutting down of the country’s ports, with around 40 ships pendin

about 11 years ago
Jordan Commissions Its Floating LNG Terminal
Business & Finance

Jordan Commissions Its Floating LNG Terminal

The Kingdom of Jordan has received its first Liquefied Natural Gas (LNG) cargo on board the Floating Storage and Regasification Unit (FSRU), Golar Eskimo, marking the official commissioning of the terminal. The FSRU arrived in Aqaba, Jordan on 25th May 2015, where it will be permanently moored on th

about 11 years ago
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