McDermott International, Inc. (“McDermott” or the “Company”) reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Wei
McDermott International, Inc. today reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Weighted average common shar
ABS, a leading provider of global maritime classification services, has been named Best Class Society at the Lloyd’s List Middle East and Indian Subcontinent Awards. The award recognized ABS’ contribution to classification services in the Middle East region, where it has expanded its regional workfo
Abu Dhabi Ports Company (ADPC), the master developer of ports and industrial zones, has won the Lloyd’s List “Port Operator of the Year” award at the Lloyd’s List Middle East and Indian Subcontinent Awards. Amongst all shortlisted candidates, ADPC managed to convince the jury with its sustained comm
Aqaba Development Corporation (ADC) has awarded BAM International, the operating company of Royal BAM Group active outside of Europe, a design and construct contract to build the Aqaba New Liquefied Natural Gas (LNG) Terminal, 18 kilometres south of Aqaba. The contract value is approximately €47 mil
Topaz Energy and Marine, an offshore support vessel owner with primary operations in the Middle East and Caspian, has won the Lloyd’s List ‘Offshore and Energy’ award. The prize was awarded for excellence in providing services to the offshore energy industry via the operation of offshore support ves
The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, received technical team from the Department of Transport (DoT) Abu Dhabi to discuss, develop and implement new maritime regulations and leg
VIDEO: Van Oord to Extend Port of Constanţa’s Breakwater (Romania) The Romanian Ministry of Transport has awarded Van Oord the contract to extend the breakwater in the Port of Constanţa. President of Somalia Welcomes Leading Dutch Businesses His Excellency Hassan Sheikh Mohamud, the President of t
The dredging industry’s largest order for floating discharge lines has been secured by IHC Parts & Services, part of IHC Merwede. The confirmation of the purchase of 85 12-metre armoured floating discharge hoses by the National Marine Dredging Company (NMDC) is believed to have set a new sales landm
The dredging industry’s largest order for floating discharge lines has been secured by IHC Parts & Services, part of IHC Merwede. The confirmation of the purchase of 85 12-metre armoured floating discharge hoses by the National Marine Dredging Company (NMDC) is believed to have set a new sales landm
The Chairman of NATO’s Military Committee, General Knud Bartels, travelled to the Gulf of Aden on 28-30 October 2013 to visit the Ukrainian Navy frigate Hetman Sahaydachniy deployed there as part of Operation Ocean Shield, NATO’s counter-piracy mission. “Ukraine’s ability to plug in and out of NATO’
Vessel operating costs are expected to rise by more than three per cent in both 2013 and 2014 according to a new survey by international accountant and shipping consultant Moore Stephens. The survey is based on responses from key players in the international shipping industry, predominantly shipowne
A new warship has been handed over to the Royal Navy of Oman amid colourful celebrations on HM Naval Base Portsmouth this morning. AL RAHMANI is the second of three 99 metre corvettes designed, built and delivered for the Royal Navy of Oman as part of Project Khareef. Her Interim Acceptance, in whic
Delek Group named to Platts Top 250 Global Energy Company Rankings for 2013. Delek Group, according to Platts, has distinguished itself through its remarkable performance over the past year. The Company earned a ranking of #155 on overall global performance. This is the first time an Israeli company
