Security should be raised on oil tankers and other merchant fleet tonnage to counter the threat of terrorist attack in the Middle East, according to an advisory issued by Malta-based Maritime Asset Security & Training (MAST). The company put out its warning after Al-Qaeda insinuated it could execute
Euro Banks to Increase Bad Shipping Loan Provisions by Quarter European banks need to increase their provisions for bad shipping loans by 25%, to EUR 7.3 billion (USD 9.25bn), according to the European Central Bank’s (ECB) year-long examination of the resilience and positions of the 130 largest bank
Dredger Incident Prompts RNLI Rescue Mission Aberdeen Coastguard received a request early on Saturday morning, which prompted the rapid response of Invergordon Lifeboat to attend an incident in the Cromarty Firth. News in Photos: Boskalis on the Cowes Project Construction of the new detached break
Former RAF aircrew, Colin Griffiths, is joining OPITO International as managing director to lead the roll-out of common safety training standards across the global oil and gas industry. Mr Griffiths will take up his new appointment, based in Dubai, at the end of October 2014, replacing out-going man
Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was fi
Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was fi
International Association of Dredging Companies (IADC) has just published its Dredging in Figures, an annual review of the global dredging market. The document focusses on the global dredging and maritime construction industry in 2013. The IADC aims to be thorough and precise in the figures presente
Offshore Energy, the fastest growing gathering of offshore industry professionals, is breaking records year after year with more than 600 exhibitors present in 2014. The two-day event was opened by Dr. María de Lourdes Melgar Palacios, Under Secretary of Hydrocarbons of Mexico, joined by Pieter van
Some 124 vessels are expected to enter the oil tanker trading fleet in 2014, while 60 tankers were forecast to be sold for demolition or conversion, according to the latest report by McQuilling Partners. Through 3Q 2014, based on the forecast, 93 vessels should have delivered to the fleet and 60 tan
A division of Unique Maritime Group (UMG), Unique Wellube, has provided mechanical seal plugs for Abu Dhabi Marine Operating Company’s (ADMA-OPCO) significant pipeline isolation project. ADMA-OPCO’s 8” subsea riser was found to have some damages which would require a weld repair at the splash zone o
A fire broke out on Tuesday night in Port Klang, Malaysia after two containerships brushed against each other in wharf. The two boxships involved in the accident are San Felipe managed by Ship Finance International (SFI) and United Arab Shipping Co’s (UASC) Al Riffa. Al Riffa had to be towed 1km awa
Qatargas Operating Company Limited (Qatargas) has for the first time delivered LNG on-board a Q-Max Vessel to the Dubai Supply Authority (DUSUP) LNG Terminal located at the Jebel Ali Port. The Q-Max LNG Vessel “Lijmiliya” has a capacity of 263,000 cubic meters, a length of 345 meters and is one of t
Women seem to be blazing a new trail in marine engineering education in Oman, and the Middle East as more female students opt for this highly coveted profession. Mir and Hajar are graduates from the International Maritime College Oman (IMCO) in the Omani city of Sohar. They became friends after enro
Abu Dhabi Terminals (ADT), manager and operator of Khalifa Port Container Terminal, has handled 2 million TEU (20-foot-equivalent units) since the opening of Khalifa Port on December 12, 2012. The 2 million TEU mark surpasses the initial target and represents a 20% year-on-year increase in container
