DRAGFLOW, a world player in solid pumping solutions with over 25 years of experience in manufacturing heavy duty pumps and complete dredging equipment, has had an extremely busy and successful year. Hereby we are bringing you a list of the DRAGFLOW’s most successful projects and achievements in 2014
Norwegian shipping company Torvald Klaveness is in talks with aluminium producer Alcoa on a new long term contract for the transportation of caustic soda, the company announced. Under the deal, being negotiated through Klaveness’ subsidiary Cabu Chartering AS, the cargo would be transported from the
A division of the Unique Maritime Group (UMG), a provider integrated turnkey subsea and offshore solutions, Unique System FZE in conjunction with HYPACK, has successfully conducted HYPACK’s hydrographic & offshore survey training course at its training centre in Hamriyah Free Zone, Sharjah, UAE. As
Coretrax, a specialist in wellbore clean-up and abandonment, has appointed a global business development director to focus on the expansion of the company’s global presence. John Fraser joined Coretrax in 2010 as business development manager and has recently been promoted to the newly-created positi
The capacity growth in the Pure Car Carrier (PCC) sector for the next few years looks fairly moderate with the orderbook standing at 11% of the fleet, judging by Clarksons’ recent market review. Namely, trade is provisionally projected to grow by 5% in 2015, making up for some of the shortfall this
Dredging operations are risky. They are large, sprawling with hidden dangers amongst heavy machinery. The International Association of Dredging Companies (IADC) members are committed to safeguarding their employees and to continuous improvement in guaranteeing a safe and healthy work environment. To
Calmer waters are ahead for the shipping industry in Europe, the Middle East and Africa (EMEA), according to Fitch Ratings forecasts for 2015. The stable outlook for 2015 is based on expected rebound of sector fundamentals, however oversupply and volatility in rates are likely to persist. Fitch Rati
The International Chamber of Shipping (ICS) has published a fully updated edition of the definitive industry guidance on the safe operation of chemical tankers. The new edition of the ICS Tanker Safety Guide (Chemicals) replaces the previous edition issued in 2002. ICS recommends that a copy is carr
Careless errors by ship agents are resulting in costly claims, according to indemnity insurer ITIC. In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt, r
Halliburton has appointed Abdulaziz F. Al Khayyal to its board of directors. The appointment was effective Dec. 4, 2014 and Al Khayyal will stand for election by stockholders at the annual meeting in May 2015. Al Khayyal spent more than 30 years at Saudi Aramco before retiring from the company as se
New Suez Canal Project on Right Track The Head of the Armed Forces Engineering Department and the supervisor of the New Suez Canal project, Major General Kamel Al-Wazir, said yesterday that the digging rate at the project reached 142 million cubic meters. VIDEO: World’s Biggest Marine Excavator at W
Abandoned Vessel Found in Zakyntos Island The Hellenic Coast Guard has found an abandoned vessel loaded with cigarettes in Zakyntos island while conducting a regular patrol on Tuesday, December 2nd.…Read more Pieter Schelte Loses South Stream Gig The world’s largest crane vessel Pieter Schelte will
The Head of the Armed Forces Engineering Department and the supervisor of the New Suez Canal project, Major General Kamel Al-Wazir, said yesterday that the digging rate at the project reached 142 million cubic meters. The project is designed to enlarge the transit capacity and to increase industrial
Member container lines in the Transpacific Stabilization Agreement (TSA) issued a recommendation for a further USD 1,000-per-40-foot container (FEU) general rate increase (GRI) for all origins and destinations. According to TSA members, the proposal reflects stronger than expected holiday traffic an
