Wood Mackenzie, an energy intelligence group, has issued a list assessing the challenges facing the Majors, Independents and National Oil Companies (NOCs) in 2015, identifying five themes to look out for which will shape the oil & gas corporate landscape: The financial challenge of low prices Lo
Israeli container shipping company ZIM has stopped its occasional, approximately monthly, sailings between North Europe and the Far East, DynaLiner reports. The sailings helped the Israeli carrier maintain a marginal presence in the market after it formally left nearly a year ago when the three vess
Dutch applied research institute TNO has won innovation challenge for renewable-energy seawater desalination technology for its MemPower membrane distillation process that produces both drinking water and electricity, TNO’s press release reads. Three other teams were awarded for their desalination a
The depressed dry bulk market could recover partly in 2015 and underlying earnings could improve marginally, according to Drewry Maritime Equity Research (DMER). In 2014, the value of equity market participants in listed dry bulk companies eroded massively, with many companies losing more than half
The claim that in today’s information age, with open source media instantly available via mobile devices or at the desk, the ability to identify and analyse security threats before a voyage is considered should not be taken for granted, as explained by maritime intelligence company Dryad Maritime. T
WERPO, an Israeli wave energy company, has signed an agreement with Beijing Capital Group (BCG) which will represent the company in China, it is stated in the press release. The signing of this agreement represents an important step for both WERPO, and China, which is looking to expand its renewable
An Israeli contractor has invested in three large Hitachi excavators to supply rocks for extending breakwaters, which will form part of the construction project for two new container terminals at the ports of Haifa and Ashdod. AD Edan Hadash Earthmoving Contractors Ltd. has purchased two ZX470LCH-5s
Nasdaq-listed liquefied natural gas (LNG) shipping company Golar LNG has completed the sale of its ownership interests in the companies that will own and operate the floating storage and regasification unit (FSRU) Golar Eskimo to Golar LNG Partners for USD 390 million. Golar LNG Partners financed th
Thirty-five ships were detained as a result of the Concentrated Inspection Campaign (CIC) on STCW Hours of Rest carried out in the Indian Ocean MOU region between September 1 and November 30, 2014. During the campaign, member Authorities of the IOMOU carried out inspections of 1623 individual ships
Qatar’s Prime Minister and Minister of Interior, Sheikh Abdullah bin Nasser bin Khalifa al-Thani, has officially launched the second phase of the Al Ruwais Port development project in Al Shamal. According to the Qatar News Agency, the Prime Minister toured the first phase of the project and listened
A private equity arm of the Egyptian investment bank EFG Hermes has acquired a 49% stake in EDP Renewables France for EUR 160 million. EDP Renewables France is a subsidiary of EDPR (Energias de Portugal Renovaveis) and has a portfolio of 33 operational wind farms with a combined capacity of 334 MW t
Unique Maritime Group (UMG) has established the first Hyperbaric Reception Facility (HRF) in the Middle East thus raising the safety level for all divers currently operating in this area to a new level. The purpose built system by Unique Hydra, a division of UMG, will be installed at UMG’s facility
The International Association of Dredging Contractors (IADC) has released a new article: Early Contractor Involvement; Improving Complex Maritime Infrastructure Projects. This paper was presented at the PIANC World Congress San Francisco, USA 2014. With the advent of the jumbo dredging fleet and adv
STATS Group is preparing for further international expansion after securing an additional £4.3 million investment from the Business Growth Fund (BGF). The management team behind STATS has also invested more money in the business, which received an initial £7.8 million of growth capital from BGF in M
