HM MOS International Limited, parent company of Millennium Offshore Services Superholdings LLC, and Seafox Group, parent company of Seafox Contractors and Workfox, will combine to form what they claim is the world’s largest offshore jack-up accommodation service vessels (ASV) and support company. Th
One worker died and another is missing after an offshore unit of Azerbaijan’s State Oil Company (SOCAR) collapsed in the Caspian Sea off Azerbaijan on November 6th, the company said in a release. Five workers were dispatched on scene to the Unit No.307 to shut down gas supply battery and prevent a f
Mermaid Maritime, a provider of subsea and drilling services for the global offshore oil and gas industry, has chartered in three vessels in the past month to take on new projects, on the back of strong demand for its services. Mermaid Maritime has recently chartered the ‘Siem Daya 2’, an offshore s
Arab National Bank (ANB) and Huta Marine Works have inked a loan agreement in the amount of $692.8 million, under which ANB will finance the construction and development of the King Abdullah Port project in Saudi Arabia. According to Robert Eid, managing director and CEO, “This deal is part of the b
The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’. Dignitaries from Egypt, United Arab Emirates, Netherlands and Belgium celebrated the arrival of the vess
The International Renewable Energy Agency (IRENA) gathered representatives from over 90 countries in Abu Dhabi to review and recommend actions to scale-up renewable energy around the world. The two-day meeting opened on the heels of the release of the latest report by the Intergovernmental Panel on
The International Renewable Energy Agency (IRENA) gathered representatives from over 90 countries in Abu Dhabi to review and recommend actions to scale-up renewable energy around the world. The two-day meeting opened on the heels of the release of the latest report by the Intergovernmental Panel on
Swire Oilfield Services,a supplier of offshore cargo carrying units and leading supplier of modular systems, offshore aviation services and fluid management, is set to open new offices in the UAE and an operations base in Abu Dhabi as it begins its expansion into the Middle East. The move is part of
Acta Marine’s latest fleet addition, the DP1 Multi purpose vessel Coastal Chariot, recently completed a cable lay project in the UK. The vessel was deployed for the cable lay of various fiber optic cables in shallow waters. The large deck space, combined with its shallow draft and its excellent mane
The Saba Shipping’s Mega Star has become the largest ever bulk carrier to call at Dubai’s Jebel Ali port. The 229 metre-long Mega Star was carrying around 79,000 tonnes of reinforcing steel from Turkey, destined for Dubai. Last month, Jebel Ali Port welcomed the first scheduled vessel to call at its
The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the 2014 is set for adjustment, with London-headquartered ship management company Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight r
2H Offshore, an Acteon company, will be exhibiting at ADIPEC, November 10 – 13, in Abu Dhabi, and hosting a Technology Event on November 11. The company will showcase the latest developments in 2H’s primary Middle Eastern business areas: Platform Conductor Engineering, Platform Conductor Life Extens
Member shipping lines in the Transpacific Stabilization Agreement (TSA)’s westbound section have recommended a quarterly low-sulfur charge of USD 47 per 40-foot container (FEU) and USD 38 per 20-foot container (TEU) from the U.S. West Coast, and USD 95 per FEU and USD 76 per TEU from the East and Gu
Kuwait Oil Tanker Company (KOTC) has taken delivery of its fourth and last Very Large Crude Carrier (VLCC) of its Phase III Fleet Newbuilding Project. The VLCCs were built by South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). Al Kout – classed to ClassNK is 333 m in length, 60 m in bre
