Thinking outside the box has sprung a myriad of innovations throughout history and it is what is keeping us “alive and ticking”. The maritime industry has had its share of innovative thinking, especially over the recent years with the swooping development of technology. As the shipping industry outg
Freight rates are likely to fall further as carriers stand firm in their reluctance to reduce capacity on the Asia-Europe and transpacific trades in the winter slack season, Alphaliner warned.…Read more Tanker Scrapes Bottom off Durban Eastern Pacific Shipping reported that an incident involving the
Three oil tankers, two Suezmaxes and one Panamax, have been banned from loading at Iraqi oil terminals as a reaction to direct exports of crude by the Kurdistan Regional Government (KRG) over the objections of Baghdad, Platts quoted shipping market sources as saying Friday, October 10. “The United C
Research and Markets has announced the addition of the “Global Tidal Energy Market 2014-2018” report to their offering. The Global Tidal Energy market will grow at a compound annual growth rate (CAGR) of 24% over the period 2013-2018, the report says. Tidal energy is a form of hydropower generation,
Singapore’s Swissco has secured three charters worth US$17.3 million. The offshore support vessels, comprising two new workboats and one anchor handling tug supply vessel, will be deployed in the Middle East. Sam Kwai Hoong, Group Chief Financial Officer of Swissco, said: “Once again, our strong ind
European Union sanctions against Iran’s largest oil tanker company NITC have been lifted after there was no appeal by the EU to the General Court’s ruling against the EU’s 2012 blacklisting designation of the company, NITC said. An EU official told Reuters that the time for appeal had expired, but t
Petrofac’s Offshore Projects & Operations business unit has been awarded two major reimbursable contracts in the UKCS and the Middle East. In the Central North Sea, Petrofac has been selected to provide engineering and construction support worth up to $120m for Chevron’s three operated assets – the
In order to serve markets in Central Asia and the Middle East as effectively as possible, international engineering and consultancy firm Witteveen+Bos is opening a new regional office in Dubai, UAE. Both regions are facing major challenges in dealing with water shortages, environmental pollution, an
Mubadala Petroleum’s Mussabeh Al Kaabi, the company’s current Chief Growth Officer, will succeed Maurizio La Noce as Chief Executive Officer. Al Kaabi joined Mubadala Petroleum in 2013 from ADNOC where during his 16-year career he led the company’s exploration activity and played a key role in the j
Mubadala Petroleum has announced that Mussabeh Al Kaabi, the company’s current Chief Growth Officer, will succeed Maurizio La Noce as Chief Executive Officer. Al Kaabi joined Mubadala Petroleum in 2013 from ADNOC where during his 16-year career he led the company’s exploration activity and played
Drewry’s Container Annual Review & Forecast 2014/15 emphasises that the recovery of the container industry, when that happens – possibly by late 2016 or 2017 – is to be based around the formation of the new mega alliances and the continued reduction of unit costs, rather than the matching of supply
Mermaid Subsea Services (MSS) has increased its shareholding interest in Subtech Saudi Arabia from 70% to 95%. This consolidation took the form of an acquisition by MSS of 30% of the shares in Subtech Saudi Arabia from General Technology & Systems (Gentas) followed by the sale of 5% of the said shar
Maersk held ‘The Future of Global Trade’ symposium at its headquarters in Copenhagen on Tuesday, October 7, 2014. Simon Baptist, Chief Economist and Asia Regional Director at The Economist addressed the state of the global economy, regional powerhouses, stagnating markets as well as future drivers o
Prysmian Group is launching the fourth edition of its international program to recruit 40 new graduates in Engineering and Economics, with the aim of helping develop the business’s managers and professionals of the future. The new recruits will be mainly placed in the Research & Development, Manufac
