Dubai-based Drydocks World has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG), making it the first harbour tug in the Middle East region to operate on gas. The 29 metre long tug is the first of a seri
The delivery of some 54 ships of at least 10,000 teu, expected to be deployed in the Asia-North Europe trade between October 2014 and December 2015, will have a huge effect on the landscape of the trade next year. According to Drewry’s analysis, they may help to bring carriers much needed lower slot
Last week’s most read story was the one about SBM Offshore’s bribery case settlement. Aker Solutions followed with an announcement that it will not be laying off staff. You also read about AMEC taking over Foster Wheeler; Tullow slashing exploration budget, rig incident in Russian arctic and Hallibu
As a dredge moves farther away from the discharge point, the pump speed is increased to maintain a proper slurry velocity within the pipeline. Once maximum pump speed has been achieved, further increasing the discharge distance causes the cost-per-ton of material moved to rise, while production decl
Head of the Suez Canal Authority (SCA) Mohab Mamish and United Arab Emirates Minister of State Sultan Ahmed al-Gaber earlier this week gave the green light for the start of dredging works on the new Suez Canal project. Earlier this month, the heavy duty dredger of the National Marine Dredging Compan
Technip has been awarded a contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II Full Field Development project – Packages 1, 2 & 3. The Nasr Phase II Full Field
Royal Boskalis Westminster N.V. has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. At Dredging the possible settlement of a number of old projects mentioned during the presentation of
Technip was awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II Full Field Development project – Packages 1, 2 & 3. The Nasr Phase II Full Field Devel
Abu Dhabi Ports Company (ADPC) said it was transferring all of its Roll-On and Roll-Off (RORO) cargo, such as cars and trucks, from Zayed Port to Khalifa Port. The move comes as a result of Abu Dhabi’s growing vehicle import and export business and will be effective from 1 January 2015. Khalifa Port
Continuous improvement to X-Subsea’s services resulted in a successfully tested ‘launch & recovery’ of a Scandredge – completed in one lift including hoses, rather than several separate lifts. The Scandredge is a standalone subsea dredger operated by customer’s divers or ROVs. This dredger effective
DP World Limited (DP World) and its wholly owned subsidiary, DP World FZE, have entered into an agreement on the proposed acquisition of Economic Zones World FZE (EZW) for a total cash consideration of USD 2.6 billion. EZW is a provider of industrial and logistics infrastructure, which comprises fiv
Maersk Line remains the most reliable carrier in the third quarter of 2014 despite a global schedule industry-wide reliability dip, the latest report on global liner performance by maritime analyst SeaIntel shows. Maersk Line posted a score of 83.9%, compared to 85.7% in the previous quarter. Schedu
Oslo-listed seismic player Polarcus has slipped into the red as revenue slumped on a market slowdown due to cost-cutting by oil companies. The company recorded a net loss of USD 8.9 million in Q3 2014 compared to a net profit of USD 19.9 million in Q3 2013. Basic and diluted EPS were negative USD 0.
The ICC International Maritime Bureau (IMB) has flagged-up an unusual attempted fraud involving a container’s weight and size. The incident concerned a container of aluminium scrap in which the information outside the box was tampered with to show false weight and size. An IMB member highlighted the
