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Business & Finance

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Karachi Shipyard Held Keel Laying Ceremony for Pakistan Navy’s Fleet Tanker
Business & Finance

Karachi Shipyard Held Keel Laying Ceremony for Pakistan Navy’s Fleet Tanker

Keel laying ceremony of the 17,000 tons fleet tanker, being built for Pakistan Navy, was held at Karachi Shipyard & Engineering Works on 07 March 2014. Admiral Mohammad Asif Sandila NI(M) Chief of the Naval Staff graced the occasion as Chief Guest. The ceremony was attended by Ambassador of Turkey a

about 12 years ago
YGACP Chair, Academy Officials Discuss New Maritime Academy in Aden (Yemen)
Business & Finance

YGACP Chair, Academy Officials Discuss New Maritime Academy in Aden (Yemen)

Captain Sami Saeed Farea, the Executive Chairman – Chairman of the Board of Directors has headed to Egypt (Alexandria) to continue discussion with officials of the Arab Academy for Science, Technology and Maritime Transport on establishing an academy in the Governorate of Aden. The Chairman will als

about 12 years ago
UASC Exercises Final Option on HHI Boxships
Business & Finance

UASC Exercises Final Option on HHI Boxships

The United Arab Shipping Company’s (UASC) ordering spree has come to an end with a final order for one 18,000 TEU container vessel at Hyundai Heavy Industries (HHI) in Korea. The company announced yesterday that the final option for additional boxship had been exercised, bringing the total order to

about 12 years ago
P&O Maritime Expands Its Capabilities with ASD Tug ‘Sereia’
Business & Finance

P&O Maritime Expands Its Capabilities with ASD Tug ‘Sereia’

P&O Maritime is boosting its tug operations to serve customers in the Port of Maputo, Mozambique with the delivery of a new 60 ton ASD (Azimuth Stern Drive) tug, the “Sereia” which will begin operations at the end of March. The new tug was built by Sanmar in Turkey under P&O Maritime supervision and

about 12 years ago
Caterpillar Presents New Cat 311F RR Excavator
Business & Finance

Caterpillar Presents New Cat 311F RR Excavator

Caterpillar has introduced its new Cat® 311F RR excavator, powered with a 70 net horsepower (52 kW) C3.4B engine that meets U.S. EPA Tier 4 Final emissions standards. The new machine features a reduced radius that limits over-the-side tail swing to just 20 inches (508 mm). A massive 5,400-pound (2 4

about 12 years ago
Top News – March 2 to 9, 2014
Business & Finance

Top News – March 2 to 9, 2014

Uljanik to Build Dredger for IHC Merwede On February 28, 2014, IHC Global Production B.V, part of IHC Merwede, and Uljanik d.d. signed the contract for the construction of one self-propelled cutter suction dredger. UK: Boskalis Westminster Wins Cowes Breakwater Contract Cowes Harbour Commission (C

about 12 years ago
Baker Hughes: Offshore rig count up by 16 in February
Business & Finance

Baker Hughes: Offshore rig count up by 16 in February

Baker Hughes Incorporated announced today that the international rig count for February 2014 was 1,341, up 16 from the 1,325 counted in January 2014, and up 66 from the 1,275 counted in February 2013. The international offshore rig count for February 2014 was 318, up 16 from the 302 counted in Janua

about 12 years ago
Edison in talks to buy Karish and Tanin gas fields offshore Israel
Business & Finance

Edison in talks to buy Karish and Tanin gas fields offshore Israel

Italy’s energy company Edison is in talks with Noble Energy and Delek Group to buy two offshore gas fields in Israel. According to Reuters, which quoted people close to the matter, Edison is interested in acquiring Karish and Tanin fields located in the Mediterranean sea, for an undisclosed price.

about 12 years ago
APM Terminals Global Terminal Network Expands
Business & Finance

APM Terminals Global Terminal Network Expands

APM Terminals’ container throughput increased to 36.3 million TEUs, as measured by equity share, reflecting an overall 3% growth in volume through the APM Terminals Global Terminal Network in 2013. Invested capital rose to $6.1 billion USD during the past year as work on seven new terminals and expa

about 12 years ago
Maritime Forces Responded to MV Tateyama’s Distress Call
Business & Finance

Maritime Forces Responded to MV Tateyama’s Distress Call

Combined Maritime Forces responded to a Thai-flagged VLCC’s distress signal when two skiffs began advancing on the vessel in a suspicious manner. On Friday 28 February, at 12:18pm, lookouts on board the Thailand flagged merchant cargo ship, MV Tateyama, saw two small motor-powered skiffs carrying se

about 12 years ago
UAE: Drydocks World Delivers ‘Eagle Louisiana’
Business & Finance

UAE: Drydocks World Delivers ‘Eagle Louisiana’

Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors, completed and delivered Eagle Louisiana, the second of two Modular Capture Vessels (MCV) for the U.S. The first MCV, Eagle Texas, sailed away from Drydocks World’s yard in August last

about 12 years ago
EPCI Contract for McDermott in Arabian Gulf
Business & Finance

EPCI Contract for McDermott in Arabian Gulf

McDermott International, Inc. announced that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The contract includes the engineering, fabrication, transportation and installation of four new o

about 12 years ago
McDermott to Install Subsea Cables for Saudi Aramco in Arabian Gulf
Business & Finance

McDermott to Install Subsea Cables for Saudi Aramco in Arabian Gulf

McDermott International, Inc. announced that one of its subsidiaries was awarded a substantial contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf. The project includes the procurement, construction, and installation of tw

about 12 years ago
Saudi Aramco hires McDermott for subsea cable installation
Business & Finance

Saudi Aramco hires McDermott for subsea cable installation

McDermott International, Inc. has been awarded a substantial contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf. This contract is included in McDermott’s fourth quarter 2013 backlog. The project includes the procurement,

about 12 years ago
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