Blackbird International Corporation, an owner of WERPO renewable sea wave energy technology, will initiate a planned share buyback program of its common stock from the open market up to 7 million shares. Shmuel Ovadia, Director and inventor of BBRD’s technology stated: “We believe the common shares
WERPO will initiate a planned share buyback program of up to 7 mln shares of its common stocks from the open market. The share repurchases will be made from time to time over the next 6 months at the Company’s discretion. The repurchase program may be suspended or discontinued at any time, WERPO’s p
Yemen’s producer and exporter of liquefied natural gas Yemen LNG Company is halting all operations due to further degradation of the security situation in the vicinity of Balhaf. With the battles approaching the coast of Shabwa province where Balhaf is located, the company has started evacuation of
The legislation meant to regulate ship recycling practices, in particular the European Union Ship Recycling Regulation and the International Maritime Organisation’s Hong Kong Convention, mainly based on flag state jurisdiction will neither be able to solve the problems of substandard shipbreaking no
Originally formed back in 1976 as the International Marine Transit Association in order to provide the ferry industry with a platform for networking and information exchange, Interferry soon evolved into the only world-wide industry association, currently representing 225 members from 38 countries.
Qatar-based holding company Milaha has launched talks with United Arab Chemical Carriers Ltd. (UACC) on a possible combination of their respective product and chemical tanker businesses. “If successful, this move is expected to result in a larger and stronger business, provide better financial retur
APT Global has launched the newly constructed Anchor Handling Pontoon AHP 1731 at the Dubai Maritime City dry docking facility. The 24 x 16.5 m pontoon is featuring a moon pool and 200 t hydraulic winch installation with containerized power pack for handling large gravity anchors. The construction o
Interview: Milaha Working to Sustain Growth Momentum Qatar Navigation (Milaha) Q.S.C, a shareholding company with core interests in maritime transport and logistics, ended the 2014 fiscal year on a very profitable note… Read more Cruise Ship Held in Lisbon over Debt Dispute Cruise ship MV Azores wit
Dredging Today has put together a recap of the most interesting articles from the previous week (April 6 – 12). VIDEO: Dredger Oranje in South Korea Royal Boskalis Westminster N.V. launched this month the second edition of its magazine ‘Creating New HORIZONS’. In the publication, Boskalis highligh
Kiasma, a company involved in research and development of thermoplastic material (HDPE), has been selected as a supplier of the discharge floating pipes for the New Suez Canal Project. The HDPE pipes that will be used for dredging of the Suez Canal have been produced by Kiasma in cooperation with De
The National Shipping Company of Saudi Arabia (Bahri) reported SAR 399 million (USD 106.4m) net profit for the three months ended March 31, a 104.5% increase compared to the SAR 195 million net profit for the same period in 2014. Compared to SAR 124.3m net profit in the last quarter of 2014, Bahri i
Today, we are bringing you part two of the video that documents the delivery and assembly of two Hitachi Construction Machinery EX-1900-6 BH Excavators to Qatar for the New Port Project. Watch on-site interviews with Hitachi Construction Machinery Middle East Corporation FZE Excavator Product Suppor
The European Union has reimposed sanctions on an Iranian bank and 32 of the country’s shipping companies on Wednesday basing the decision on a new legal basis. According to the ruling, Bank Tejarat provided significant support to the government of Iran by offering financial resources and financing s
German carrier Hapag-Lloyd informed that it was temporary stopping bookings for Yemen amid intensifying safety crisis in the country caused by the ongoing armed conflict. “Owing to the current political development and the current air strikes in Yemen, transportation in and out of Yemen has been aff
