TAQA, the international energy company from Abu Dhabi, today reported its operational and financial results for the first half of 2013. The first half of 2013 was characterised by good progress against TAQA’s long term growth projects, while a number of short-term operational issues impacted profita
The National Shipping Company of Saudi Arabia (Bahri) announced that in connection with the fleet replacement program for the general cargo the company has sold its general cargo vessel (Saudi Hofuf), on 30 July 2013, for scrapping after completing her useful life for a sum of SAR. 28,305,845 genera
TAQA, the international energy company from Abu Dhabi, reported its operational and financial results for the first half of 2013. The first half of 2013 was characterised by good progress against TAQA’s long term growth projects, while a number of short-term operational issues impacted profitability
Port of Salalah has been ranked sixth top transshipment port globally and 18th top port globally, as well as high positions in a number of categories in the Europe/Middle East/Africa geographic class, in a ‘breakthrough’ JOC Group study on port productivity released this month. In the Europe/Middle
Redwise reported the successful repositioning of three ships globally, relocating an OSV, a dredger and a landing craft. The well maintained and sturdy 1975 built dredger “Sand Weaver” recently departed from the UK port of Swansea. This after several days of vessel & voyage preparations, involving f
International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals with consoli
Subtech Qatar awarded another suite of service contracts with combined estimated value of USD 40 million. Newly established subsea cable lay division and remotely operated vehicle division driven by expansion in the Middle East.
Five of RasGas’ ships continue to lead in the ‘most environmentally friendly vessels’ category, according to the World Port Climate Initiative (WPCI). Launched in 2008, the WPCI currently has 55 of the world’s key ports committed to reducing greenhouse gases participating in its programme. WPCI port
Dubai Maritime City Authority (DMCA) has announced that it recently completed a technology benchmark visit to the Maritime and Port Authority (MPA) of Singapore, in line with DMCA’s ongoing efforts to launch a range of pioneering maritime services that require to be automated and technology-enabled.
International experts have met in London to review the growing problems in the marine environment caused by micro-plastics – tiny pieces of plastic or fibres which may act as a pathway for persistent, bio-accumulating and toxic substances entering the food chain. The experts form a key working group
On the 23rd of July, 2013 the ‘Sea Delta’ was named by sponsor lady Mrs. M.R. (Marilyn) Lawrence-Oostendorp. This name-giving ceremony took place at the Damen/Yard Albwardy in Sharjah, Dubai, the United Arab Emirates. Seacontractors and Damen Shipyards Hardinxveld look back on a festive event of thi
Circle Oil Plc, the international oil and gas exploration, development and production company, announces the following update regarding its operations in Tunisia. Circle Oil Tunisia Limited ( “Circle Tunisia”), a wholly owned subsidiary of the Company, has reached agreement with Tethys Oil and Minin
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Office, has granted his official patronage to the Mare Forum, Dubai, the international event for the maritime industry that is being organized in Dubai. The royal patronage accorded to
As the container shipping industry recuperates from a challenging market environment, concerns still abound over the looming overcapacity as more new vessels are expected to come on stream in the next two to three years. CMA CGM group senior vice-president for Asia Europe lines Nicolas Sartini told
