Egypt to Build New Canal Alongside Suez Canal Egypt’s President Abdel Fattah al-Sisi attended the ceremony of launching the Suez Canal Axis Development Project at the Suez Canal Authority (SCA) club, Ismailia governorate. Boskalis Posts Record Profit in First Half Year Royal Boskalis Westminster N
German transportation company Hapag-Lloyd will no longer sell vessels to recycling yards that do not comply with strict environmental regulations and guidelines. The company said on Monday it will no longer sell its old ships on global markets, but will send its ships to specialized docks. With such
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction. The turret is part of a mooring system designed to ensure Prelude FLNG
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction. The turret is part of a mooring system designed to ensure Prelude FLNG
Neptune Maritime Security has provided comprehensive crisis management training to bolster defences at major ports in Asia, the Middle East and Africa (AMEA) amid increasing instability in the region. An expert team from the company’s Dubai head office and operational support centre recently perform
Reasons for inviting a bunker surveyor by a charterer are different, but the end purpose can be only one – to exclude losses because fuel oil expenses are a significant part of a charterer’s budget. In the following article, survey specialist Bunker Protection explains types of surveys and what to k
Norway’s Uptime International has entered into contracts with MAC Offshore Dubai and Fujian Mawei Shipyard China for delivery of three active motion compensated gangways.
Royal Boskalis Westminster N.V. has announced the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares. The program will be executed in t
Royal Boskalis Westminster N.V. realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in the [&h
Global reefer capacity across the containership fleet is set to grow by over a fifth, around 22 %, over the next few years, a report from Drewry Shipping Consultants says. “A declining specialised reefer fleet will see its capacity gradually be replaced by reefer box capacity, which is expected to g
The Teledyne Marine Acoustic Imaging Group, consisting of RESON, BlueView and Odom Hydrographic, will hold the Underwater Technology Seminars (UTS) in Hamburg (September 16-18), Boston (October 7-9) and Singapore (December 1). At the 3-day seminars in Hamburg and Boston the theme is: “Hydrography in
Edward LaFehr, Chief Operating Officer, said: “We have seen a great performance during the first half. Record oil and gas production and strong prices have driven our EBITDA to its highest levels.”
DNV GL has signed agreements for the classification of two newbuilding jack ups with dynamic positioning – Vahana Aryan and Vahana Arjun. The units have been designed for Vahana Offshore (S) Private Limited of Singapore by GustoMSC and will be constructed by Eversendai Offshore RMC FZE, Dubai at t
Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to the latest edition of Dry Bulk Market Outlook issued by the UK-based ship manageme
