Dragon Oil, a Dubai-based oil company has pulled out of the previously proposed agreement to take over Ireland’s Petroceltic International oil and gas firm. In an announcement issued today, Dragon Oil said that the proposed offer for all the issued, and to be issued, share capital of Petroceltic at
Current and planned infrastructure development for Saudi Arabian ports comes to a total $30 billion (£19.1 billion), reported the Chartered Institute of Logistics and Transport, CILT (UK). The sum came to light at the first Saudi Maritime Congress, where 200 delegates heard a series of experts expla
Mainlane container trade volumes are expected to grow by 8% on the peak leg Far East-Europe route and by 6% on the peak leg Transpacific route in full year 2014, according to London-based shipbroker Clarksons. Stricken by global financial crisis, the global container volumes plunged in 2009, trying
BIMCO has supported a report identifying ways to reduce red tape for shipping which will be presented to the International Maritime Organization (IMO) next week in London. The report comes from the Ad Hoc Steering Group for Reducing Administrative Requirements (SG-RAR), set up by the IMO in 2012, an
United Arab Shipping Company (UASC) has named the industry’s first ever LNG-ready ultra large container vessel in Ulsan, South Korea. MV Sajir is the first of seventeen vessels in UASC’s current newbuilding program. With a capacity of 15,000 TEU (A15), the DNV GL classed vessel is the largest and mo
The shipping industry is slowly approaching limits in ship size development, DNV GL Business Director Jost Bergmann said while speaking at DNV GL’s latest Container Ship Forum and Bulk Carrier Forum in Hamburg. The forums looked at a broad spectrum of topics including environmental regulations, tren
On October 18 the Egypt’s Suez Canal Authority, awarded the contract for the New Suez Canal to an international consortium consisting of National Marine Dredging Company (NMDC) as the lead partner, and Boskalis, Van Oord and Jan De Nul. The NMDC was awarded the 35km new parallel channel with a dredg
Dredging works on the new Suez Canal in Egypt, an ambitious project with a deadline of only nine months, are in full swing and are going according to schedule. Companies from Egypt, UAE, the US, Belgium, and the Netherlands will dredge the new waterway. Included in the project are Boskalis, Van Oord
Maritime traffic on the world’s oceans has increased 300 per cent over the past 20 years, according to a new study by the American Geophysical Union (AGU) aimed at quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992
The new Educational Activities Commission of CEDA had their first meeting last week. In a constructive meeting, the Commission, chaired by Prof. Cees van Rhee of the Delft University of Technology, discussed what role CEDA should / could play in increasing the pool of well-trained dredging specialis
To dredge simply means to scoop up sediment, often underwater, and move it to another location. While this process is often associated with moving contaminated soils to a place where they can be safely capped, today, dredging is also increasingly about harnessing natural processes to create new land
DP World, Dubai, and Qingdao Port Group, China, have signed a Strategic Framework Agreement to enhance port cooperation. DP World and Qingdao Port Group are already joint venture partners and the agreement builds on the existing collaboration between the two marine terminal operators, focusing on en
Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in the morning hours of November 16, the Ecuadorian Navy reports.…Read more World’s First FLNG Undocked in Nantong Caribbean FLNG facility has been undocked f
BAM Scores Major Marine Gig in Abu Dhabi BAM International, the operating company of Royal BAM Group active outside of Europe, has been awarded a contract to construct the marine infrastructure for the phase 3 of the Al-Dabbiya oil field development by client Abu Dhabi Company for […]
