IHC Merwede has officially introduced the world’s first four-tracked subsea trencher, specifically developed for shallow water operations and targeted towards cable burial in offshore wind farms. The Hi-Traq was presented at a special event at the Stadium of Light in Sunderland, which was attended b
China Customs Head Office has ordered all Chinese ports to stop using old manifest system and implement the new CCAM system as of June 30, 2014. In order to facilitate this CCAM requirement, China Shipping (North America) Agency will be implementing a ‘No Document-No Load’ rule. The new rule will ta
Hogg Robinson Group (HRG) has been awarded a global travel contract for Subsea 7, one of the world’s leading global contractors in seabed-to-surface engineering, construction and services to the offshore industry.
A merger of two shipping giants worth $1.3 billion, the biggest in the Saudi Arabian history, has been sealed, Saleh N. Jasser, Bahri’s CEO said at a press conference in Saudi Arabia‘s capital, Riyadh, Arab News reports. Namely, the National Shipping Company of Saudi Arabia or NSCSA (Bahri) and Vela
UNESCO and cruise operator Seabourn have announced a six-year, $1m partnership agreement aimed at reinforcing protection for World Heritage and promoting sustainable tourism. “With this partnership, UNESCO and Seabourn truly demonstrate our shared commitment in safeguarding World Heritage by promoti
Unique Maritime Group’s CEO, Himanshu (Harry) Gandhi has been recognized with the International Golden Helm Awards 2014 held at Emirates International Maritime Academy (EIMA), Dubai. The award ceremony was organised by the IMC (International Maritime Club). Harry Gandhi won an award in the category
SEAMEC, a leading provider of Diving Support Vessel (DSV) based diving services, informed that the vessel SEAMEC III has completed charter with M/S Leighton Welspun Contractors Pvt. Ltd. on 15th May, 2014. SEAMEC III secured the contract with M/S Leighton Welspun Contractors Pvt. Ltd., for two seaso
Seamec III, a multifunctional diving support vessel, has started its contract in Abu Dhabi. The DP2 Saturation Diving Support vessel, previously under contract with Leighton Welspun contractors in India, sailed to Dubai on June 9, 2014, to begin its charter with Technip. The 75 days long contract is
At the 103rd International Labour Conference, the International Labour Organization (ILO) has, with a staggering majority, adopted new provisions on the protection of abandoned seafarers and seafarers who have been injured in occupational accidents, the Danish Maritime Authority (DMA) said in a rele
Sheikh Hamdan bin Rashid Al Maktoum, UAE Minister of Finance and Chairman of Dubai Municipality, has approved the Umm Suqeim beach rehabilitation project. Engineer Hussain Nasser Lootah, Director General of Dubai Municipality, stated that the scope of work will cover all areas of the of Umm Suqeim 1
Polarcus Limited has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The project, subject to the execution of a service contract, will commence in July 2014 and is expected to run for approximately three months. Polarcus is a pu
Van Oord Strengthens Its Position in UK Van Oord, a leading international contractor specialising in dredging, marine engineering and offshore projects, has reached an agreement in principle on the acquisition of UK specialist marine civil contractor J.T. Mackley & Co Ltd. UK: Person Missing after
The current shortage of officer corps seafarers is forecast to worsen and risks impacting carrier profitability, according to Drewry’s recently published Manning 2014 Annual Report. Owners and managers need seafarers – and they want experience, expertise and quality. However, they do not have the re
DP World has announced the final terms of its offering of $1 billion senior unsecured convertible bonds due 2024 convertible into ordinary shares of DP World. The Bonds will bear interest at an annual rate of 1.75% and the conversion price has been set at $27.1396, a 37.5% premium over the share pri
