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Business & Finance

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FaunaGuard: Scientific Method for Deterring Marine Fauna
Business & Finance

FaunaGuard: Scientific Method for Deterring Marine Fauna

Regulators, funding agencies and proponents worldwide are imposing increasingly strict environmental regulations to minimize the potential impact of marine construction activities, and more specifically, the underwater sound generated by such activities. Marine fauna may be adversely affected by mar

about 11 years ago
ITIC Warns of Growing Funds Diversion Frauds
Business & Finance

ITIC Warns of Growing Funds Diversion Frauds

International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wide

about 11 years ago
SOHAR Sets Sights on Breakbulk Opportunities in Asia
Business & Finance

SOHAR Sets Sights on Breakbulk Opportunities in Asia

Oman’s SOHAR Port and Freezone is planning to capitalise on the economic slowdown in China by focusing on the opportunities that are being created in booming regional markets. Namely, a delegation from the port is to attend Asia’s largest breakbulk and project cargo conference and exhibition, Breakb

about 11 years ago
Readers’ Picks of the Week (9-13 of Mar)
Business & Finance

Readers’ Picks of the Week (9-13 of Mar)

Viking Shiptech Introduces 80 Knot Ships Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits…. Read more VIDEO: One Ship Moved, Houston Channel Remains Partially Closed The bulk carrier Conti Peri

about 11 years ago
Highlights of the Week – Readers’ Choice
Business & Finance

Highlights of the Week – Readers’ Choice

Order Placed for World’s Largest Cutter Suction Dredger Jan De Nul Group has placed an order for a large self-propelled cutter suction dredger JDN8069 with the Croatian shipyard Uljanik Brodogradiliste. Boskalis, Van Oord Sign Rio de Janeiro Dredging Contract Edinho Araujo, head of the Special Por

about 11 years ago
PSA Says 2014 a Year of Mixed Blessings
Business & Finance

PSA Says 2014 a Year of Mixed Blessings

Singapore-based port operator PSA International marked an increase in both annual container volumes and revenue, but saw a dip in net profit in 2014, the year which the operator’s CEO Tan Chong Meng described as ”business unusual.” PSA International handled 65.44 million Twenty-foot Equivalent Units

about 11 years ago
MSC Adds Piraeus to Its Australia-Mediterranean Service
Business & Finance

MSC Adds Piraeus to Its Australia-Mediterranean Service

Switzerland-based Mediterranean Shipping Company (MSC), world’s second largest seaborne containerised cargo carrier, has added a direct Piraeus call to its new Australia-Mediterranean service, starting March 23 from Sydney. The Australia Express will be the only service providing a direct call into

about 11 years ago
Wärtsilä to equip two NPCC’s jack-up barges
Business & Finance

Wärtsilä to equip two NPCC’s jack-up barges

Two new jack-up barges ordered by the National Petroleum Construction Company (NPCC), based in the United Arab Emirates, will feature fully integrated Wärtsilä power generation and electrical and automation (E&A) solutions. The SEP 650 and SEP 750 vessels are being built at the Shanghai Zhenhua Heav

about 11 years ago
Boskalis: Strong Performance in 2014
Business & Finance

Boskalis: Strong Performance in 2014

Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014 (2013: EUR 366 million). Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion). EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 pe

about 11 years ago
DTOcean to present design tool for tidal and wave arrays
Business & Finance

DTOcean to present design tool for tidal and wave arrays

DTOcean will showcase the alpha version of the decision-making and planning tool for the development of tidal and wave arrays to pioneering project developers, utilities, OEMS, technology developers and supply chain actors. The workshop organized by DTOcean provides an opportunity for shaping the de

about 11 years ago
PPGC breaks off Leviathan gas supply agreement
Business & Finance

PPGC breaks off Leviathan gas supply agreement

Delek Group and the partners in the Leviathan project, off Israel, announced that on March 10, 2015, Palestine Power Generation Company PLC (PPGC) gave a conditioned cancellation notice to the Leviathan partners on the supply agreement. The agreement was for the supply of natural gas from the Leviat

about 11 years ago
New Terra et Aqua Introduced
Business & Finance

New Terra et Aqua Introduced

The International Association of Dredging Companies (IADC) has just published the latest issue of Terra et Aqua, the official quarterly publication of IADC. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest

about 11 years ago
Picture of the day: ‘Athena’ in Kuwait
Business & Finance

Picture of the day: ‘Athena’ in Kuwait

Kuwait National Petroleum Company (KNPC) is building one of the largest oil refining plants in the world. The refinery will be constructed on land reclaimed by Van Oord in ‘sabkha area’, a salt plain near the coast some 30 kilometers north of the Saudi border. The project involves dredging and recla

about 11 years ago
Tankers Idle off Ceyhan amid Closure of Kirkuk Pipeline
Business & Finance

Tankers Idle off Ceyhan amid Closure of Kirkuk Pipeline

Several tankers are waiting offshore port of Ceyhan in Southern Turkey amid closure of Kirkuk-Ceyhan oil pipeline, Reuters reported sources as saying. Pumping of oil along Iraqi Kurdistan’s pipeline has been suspended since Monday as repairs were required at one section of the pipeline, which was da

about 11 years ago
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