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Business & Finance

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Top News – June 2 to 8, 2014
Business & Finance

Top News – June 2 to 8, 2014

Boskalis Bags USD 95 Mln Worth of Contracts in UK and Sweden Royal Boskalis Westminster N.V. (Boskalis) has acquired two contracts in the United Kingdom and Sweden. Brazil Needs Assistance for $1.5 Bln Dredging and Seaport Improvements Brazil asked for assistance from U.S. and foreign companies to

about 12 years ago
Baker Hughes: Offshore rigs in May down by 1
Business & Finance

Baker Hughes: Offshore rigs in May down by 1

Baker Hughes Incorporated announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May 2014 was 326, down 3 from the 329 counted in April 2014, and down [

about 12 years ago
UAE’s Strong Presence at Posidonia
Business & Finance

UAE’s Strong Presence at Posidonia

Dubai, Abu Dhabi and Fujairah have big maritime ambitions as it became evident this week at the world’s most prestigious shipping event, the biennial Posidonia Exhibition. A total of 36 shipping industry magnates from the desert nation lined up their highly diverse marine offering on the 35,000 sq m

about 12 years ago
RWE Dea: Three decades of oil production in Gulf of Suez
Business & Finance

RWE Dea: Three decades of oil production in Gulf of Suez

RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million barrels of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels. Currently, RWE Dea is optimizing its gas lift i

about 12 years ago
Oman Drydock Awarded GTT License
Business & Finance

Oman Drydock Awarded GTT License

Oman Drydock Company (ODC) has been awarded the Gaztransport & Technigaz (GTT) license at the Posidonia Shipping Trade Fair in Athens, Greece. ODC chairman Dr. Abdulmalik Al Hinai was joined by GTT CEO Phillippe Berterottiere at the ODC stand to make the announcement. Mr. Berterottiere said “it is h

about 12 years ago
BAM Gets New Aqaba Port Done
Business & Finance

BAM Gets New Aqaba Port Done

BAM International and its local partner MAG have successfully completed the construction of the new port in Aqaba, Jordan, for Aqaba Development Corporation (ADC), a second port in line with the country’s economic master plan. Together with its Jordanian joint venture partner MAG, BAM was responsibl

about 12 years ago
DEME: Doha Airport Built on Reclaimed Land Becomes Fully Operational
Business & Finance

DEME: Doha Airport Built on Reclaimed Land Becomes Fully Operational

With the relocation of all operational activities in recent days, the new Doha (Qatar) Airport has become fully operational. Hamad International Airport was built on land that was reclaimed from the Gulf waters. DEME realised this platform for the new airport – a project for which it reclaimed more

about 12 years ago
Jordan: BAM Completes Aqaba Port Construction
Business & Finance

Jordan: BAM Completes Aqaba Port Construction

BAM International, the operating company of Royal BAM Group active outside of Europe, and its local partner MAG have successfully completed the construction of the new port in Aqaba, Jordan, for Aqaba Development Corporation (ADC), a second port in line with the country’s economic master plan. Toget

about 12 years ago
WGK Wins $60 Mln Subsea Contract for Shah Deniz 2
Business & Finance

WGK Wins $60 Mln Subsea Contract for Shah Deniz 2

Wood Group Kenny (WGK) has been awarded a $60 million call-off contract, for 2014, with BP Azerbaijan under their 2007 Global Agreement. The contract will cover engineering and project management services for the Shah Deniz 2 Subsea Execute phase. WGK has worked with BP on the Shah Deniz project sin

about 12 years ago
Aqaba Logistics Village Set for Expansion
Business & Finance

Aqaba Logistics Village Set for Expansion

APM Terminals, operator of Aqaba Container Terminal, the Red Sea gateway to the Levant region, has announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village (ALV). The expansion is an answer to the growing demand from importers and exporters for more efficie

about 12 years ago
New Security Features at Abu Dhabi Ports
Business & Finance

New Security Features at Abu Dhabi Ports

Abu Dhabi Ports Company (ADPC) launched its new high security ’Eye in the Sky’ cameras on 1 June. The two new cameras, which comply with international regulations, will cover specific areas at Khalifa Port, Zayed Port, the Free Port, and the New Free Port. The increased surveillance will strengthen

about 12 years ago
VIKING,Topaz Reveal Long-Term Co-Op Plan
Business & Finance

VIKING,Topaz Reveal Long-Term Co-Op Plan

VIKING Life-Saving Equipment and Topaz Energy and Marine have jointly announced the signing of a multi-million US dollar, 10-year combined fixed price and exchange service agreement for liferafts. Under the terms of the contract, VIKING will upgrade all of Topaz’s current liferafts and manage the on

about 12 years ago
Viking to upgrade Topaz fleet liferafts
Business & Finance

Viking to upgrade Topaz fleet liferafts

Marine and fire safety equipment specialist VIKING Life – Saving Equipment and Topaz Energy and Marine, an offshore support vessel company, today jointly announced the signing of a USD multi-million, 10-year combined fixed price and exchange service agreement for liferafts. Under the terms of the co

about 12 years ago
Thuraya Introduces Atlas IP
Business & Finance

Thuraya Introduces Atlas IP

Thuraya Atlas IP is the second maritime-specific product launched by Thuraya in 2014, designed to complement the Thuraya Orion IP broadband terminal by offering a fully-featured voice and data product with additional functionality built in. Randy Roberts, Vice President of Innovation at Thuraya said

about 12 years ago
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