Caterpillar has introduced its new Cat® 311F LRR excavator. Powered with a 52-kW (ISO 9249) Cat C3.4B engine that meets EU Stage IIIB emissions standards, the new excavator features a reduced radius that limits over-the-side tail swing to just 508 mm, making it ideal for space-restricted job sites.
UAE’s Eversendai Offshore RMC FZE, has been awarded contracts for the construction of 2 GustoMSC NG-2500X liftboats at a combined value of RM580 million ($180 million) from Vahana Offshore (S) Pte. Ltd.
Seatronics and OceanWise have jointly been awarded a contract by Ras al-Khaimah Port, United Arab Emirates for the supply and support of a Tidal Monitoring, Telemetry and Display System, comprising six Valeport TideMasters and Water Level Radars and OceanWise’s data telemetry equipment, plus managem
Gulf Marine Services, a supplier of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, today announces a new contract award for one of its Small Class vessels. The vessel, a K-Class SESV, will commence the new 12-month charter (six mont
A technical delegation from the Dubai Maritime City Authority (DMCA), headed by Mohammed Al Bastaki, Director of Maritime Operations, visited Australia for a series of bilateral meetings with government authorities and pioneers in the maritime sector. The delegation met with the General Director of
Lamprell has received a new contract award from a subsidiary of Shelf Drilling, Ltd., for the construction and delivery of two high specification, LeTourneau-designed, self-elevating Mobile Offshore Drilling Platforms of a Super 116E (Enhanced) Class. The two jack-up rigs, designed through collabora
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the pipeline construction contract for the South Caucasus Pipeline Expansion (SCPX) project. This award adds to the 14 contracts already announced and underlines the overall progress to schedule of Shah De
United Arab Shipping Company S.A.G. (UASC) has announced the conclusion of a bilateral, USD 190 million facility with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels. The facility is a part of UASC’s new building order of seventeen ships, among which are el
Israel: NGOs Urge Jan De Nul to Abandon Haifa and Ashdod Projects A group of Palestinian and international NGOs have urged the Jan De Nul Group to pull out of a project to build port facilities in Israel, citing concerns about Israel’s continued human rights violations. DEMA: Dredging Could Devast
Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. The total value of these new orders represents approximately 660 million EUR.
Offshore drillers are facing a softening market with credit implications linked to asset quality and financial flexibility, according to Fitch Ratings.
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the line pipe coating contract for the South Caucasus Pipeline Expansion (SCPX) project. The contract for line pipe coating is worth approximately $70 million and it has been awarded to Bredero Shaw Intern
ShawCor’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$70 million from BP Exploration (Shah Deniz) Ltd. for and on behalf of the South Caucasus Pipeline Company Ltd. for coating services for the South Caucasus Pipeline Expansion (SCPX) project. The ob
HMAS Darwin has again intercepted a suspected drug smuggling vessel operating in international waters, seizing 786 kilograms of narcotics with an estimated street value of $30 million. Darwin’s boarding parties boarded the suspicious dhow in the Arabian Sea and spent approximately 23 hours searching
