On 31 December 2013, the concession for the management and operations at Zayed Port will be returned to the port authority, Abu Dhabi Ports Company (ADPC). The concession is being returned to ADPC in line with the original planning for port capacity for the emirate of Abu Dhabi. This planning was ou
New Port of Melbourne CEO Announced (Australia) The Victorian Coalition Government has announced that Nick Easy has been appointed as CEO of the Port of Melbourne Corporation, Minister for Ports David Hodgett announced. AvH Acquires Full Control Over DEME (Belgium) On December 24, 2013, Ackermans
Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, referred to the announcement issued on December 24, 2013 in which Masirah Oil Limited, a 64% owned subsidiary of its jointly-controlled entity, Lime Petroleum
Mott MacDonald has been appointed project management consultant by the Abu Dhabi Oil Company Limited (ADOC) for the development of the Hail offshore oilfield in Abu Dhabi, UAE. Located approximately 10km south of Mubarraz Island, the expansion will increase current production and secure safe product
General Manager of Dredge Yard, Basel Yousef, recently presented his perspective on dredging market and what has led to a growing demand of dredge equipment in the Middle East. He believes that as a dredging equipment supplier, Dredge Yard has been quick to capitalize on the growing demand in the Mi
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, held discussions on co-operation with Mr. Ravi K. Mehrotra CBE, Executive Chairman of Foresight Limited and Executive Chairman and Co-Chairman – Europe India Chamber of Commerce, Belgium, and in the presence of Mr. Ali B
V. Alexander International Logistics GmbH, member of the Cargo Equipment Experts CEE network in Germany, carried out the ship’s-charter, loading, survey and sea-transport of two overseas-cable-reels from Hartlepool/U.K. to Abu Dhabi. The successfully moved heavy cable reels weigh each 350 tons with
V. Alexander International Logistics GmbH, member of the Cargo Equipment Experts CEE network in Germany, carried out the ship’s-charter, loading, survey and sea-transport of two overseas-cable-reels from Hartlepool/U.K. to Abu Dhabi. The successfully moved heavy cable reels weigh each 350 tons with
Al Khalij Commercial Bank (al khaliji) QSC has provided financing for two Nakilat shipyard joint ventures, Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ) for $120m and US $40m respectively. Signing for the financing worth a total of $160m was held at Nakilat’s head
Mercy Ships to Build New Hospital Ship Mercy Ships announced that it has reached an agreement with Asian and European shipbuilding firms to purpose-build a new 36,600-GRT hospital ship for Mercy Ships. Contracts were signed between Mr. Dong Qiang, VP of China Shipbuilding Industry Corporation (CSIC)
VIDEO: Panama Canal Expansion Program Update – December 2013 The Panama Canal expansion project will double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. USA: Port St. Joe Port Inks LOI with Holland M. Ware Charitable Foun
Maritime security company Sonardyne International Ltd. has successfully completed the installation of a Sentinel Intruder Detection System (IDS) onboard a drilling rig operating in an undisclosed offshore oil field in the Middle East. The system has been deployed to protect the platform against the
United Arab Shipping Company (“UASC”) closed a US$ 1.25 bln multi-tranche syndicated loan facility (“Facility”) for the partial financing of seven 14,000 TEU container ships and five 18,000 TEU container ships. The Facility is part of a larger US$ 1.74 bln debt financing related to UASC’s announced
National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of the National Shipping Company of Saudi Arabia (BAHRI) announced that the company received a new chemical tanker named “NCC FAJR” from Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) of South Korea on Wednesday, 18t
