Dredge Yard has successfully delivered dredge valves of sizes 600, 700 and 750 mm internal diameter, needed for the discharge pipeline on board of two trailing suction hopper dredgers. Fabrication was done in-house at Dredge Yard’s production facilities. Dredge gate valves are highly sophisticated c
April 2015 was the busiest month of the year for the dry bulk freight derivatives market, according to the figures compiled by the Baltic Exchange. In excess of 140,000 lots were traded in the Forward Freight Agreement (FFA) and options markets, a 60% increase on average volumes for the first three
Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to begin operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day. NDC has also contracted ENSCO 104 for a three-year term at a d
WERPO has signed an agreement with the Government of Guinea-Bissau, West Africa, for the development of a 500 MW wave power plant off the county’s coastline. The USD 500 mln agreement has been signed for creating a joint venture between the Government of of Guinea-Bissau and WERPO. The Guinea-Bissau
NMDC, a company that provides dredging, reclamation and marine construction work in the Middle East, has just won the Hail Field Development Project. The project consists of a new artificial island (350m x 100m) which will be built on the reclaimed land. Also included in the project are channel dred
The sixteen sailors who have been left to their own devices for months after their vessel MT Surya Kuber got seized in Bahrain due to unpaid debts are finally going to return to their homes. Fourteen Indian sailors left Bahrain on Monday night, whereas the two remaining crew members from Myanmar are
Central Dredging Association – CEDA, an established authority and the leading independent forum for the professional dredging community, has just published its 2014 Annual Report. “In 2014 we consolidated much of the work started in 2013 and we set out some ambitious plans for the future in the CEDA
Izraeli container carrier ZIM Integrated Shipping Services has chartered a 5,042 TEU container ship from Diana Containerships for a period of up to twelve months, the vessel’s Athens-based owner said in a release. The 2005-built m/v Pamina (ex Santa Pamina) will bring Diana USD 15,325 per day for a
McDermott International, Inc. has received a large contract amendment from Al-Khafji Joint Operations (KJO) for a platform in the Hout field, located 26 miles east of Al-Khafji in the divided zone between Kuwait and the Kingdom of Saudi Arabia. According to the press release, the work on the brownfi
The tanker shipping arm of the National Shipping Company of Saudi Arabia (Bahri), National Company for Chemicals Shipping, signed on Thursday a memorandum of understanding to purchase two tankers. Under the deal, NCC will pay USD 28.5 million dollars per tanker. The duo, MS Berganger and MS Brimange
The seized Maersk Tigris containership remains in custody with Iranian authorities, according to Danish liner Maersk Line. The seizure of Maersk Tigris on April 28th by Iranian patrol boats is said to be related to a cargo dispute between a private company named Pars Talaee Oil Production Company an
Korean containership Hanjin Green Earth caught fire on Friday, May 1st while underway south of the Suez Canal. The blaze is said to have started in a stack of containers toward the stern area and has spread to a large number of containers. Five emergency response vessels were dispatched to the scene
The U.N. International Seabed Authority (ISA) recently issued a “Report on the draft framework for the regulation of deep seabed exploitation activities“. The ISA report on the draft regulation of marine mining is open for comment until May 15th. The WOC (World Ocean Council) is working to help ensu
Lamprell, a provider of engineering and contracting services, has announced the completion of construction on the jack-up drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC). This comes following an announcement last week where NDC exercised one of its existing o
