Grandweld Shipyards has been awarded a repeat order from Zamil Offshore, to build a new 33.5M fast aluminum crew boat. This will be Zamil’s fourth order to Grandweld Shipyards after the successful delivery of three sister vessels in 2012. The new vessel will be based on Grandweld’s in –house superio
Dragon Oil plc, an international oil and gas exploration, development and production company, today publishes an update on the wells completed in the second quarter of 2013 and production numbers for 1H and June 2013. Since the previous quarterly drilling update on 2 April 2013, Dragon Oil has compl
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has closed a AED 1.32 billion ($360 million) Syndicated Islamic Facility for Abu Dhabi-based Gulf Marine Services (GMS), the largest provider of self-propelled self-elevating jackup barges in the world. The deal was ta
Masdar, Abu Dhabi’s state-backed renewable energy company, is eyeing further opportunities to invest in the UK’s renewable energy projects. Following the official opening of the London Array offshore wind farm on July 4, in which Masdar invested a significant amount of money and is 20% stakeholder,
Anyone who has ever scanned the sea’s horizon for a fuel station recognizes the key advantage of solar-powered boating: solar-powered (or green) boats eliminate boaters’ dependence on gasoline. Solar-powered boats are better for the environment, not to mention beautiful (often encased in glass to su
TAQA, the global energy company based in Abu Dhabi, has released its first annual sustainable development report. The report outlines TAQA’s approach and performance in 2012 as well as goals for workplace health and safety, staff development, environmental protection, community relations and industr
VIDEO: Land Reclamation in Singapore from 1984 to 2012 A large-scale of land reclamation has been undertaken in different parts of Singapore since the 1960s. Indofin Group Acquires Majority Stake in IHC Merwede (The Netherlands) Indofin Group, the investment company, owned by the De Bruin family,
On June 26, CHEC and the project owner Hutchison Ajman International Terminal jointly delivered a launch & ground-breaking ceremony for the Ajman Port reconstruction project in the UAE. With a contract value of 86.3 million dirhams (some 24 million U.S. dollars), undertaken by CHEC, the project is a
Rene Kolman, IADC’s Secretary General, held a presentation named “Greener Dredging” at the IAPH Conference, which was held on 21-24 May 2012, in Jerusalem, Israel. “Dredging is green and is getting greener and greener. In this presentation I will emphasise the fact that my member companies are alrea
Khalifa Port, the flagship state of the art gateway to Abu Dhabi, was officially inaugurated on December 12, 2012. Khalifa Port is crucial to the ADPC megaproject which includes Khalifa Industrial Zone Abu Dhabi (Kizad), whose Area A consists of 51 square kilometres. Khalifa Port offers direct acces
Mitsui O.S.K. Lines, Ltd. have appointed an expert body in vessel design certification and shipbuilding inspection, London-based Lloyd’s Register (LR) as a technical consultant to determine the cause of the incident involving the containership MOL Comfort. The incident occurred on June 17 and MOL ha
Officials from Abu Dhabi Ports Company (ADPC), the master developer of ports and industrial zones, have welcomed a delegation from the Port of Hastings Development Authority (PoHDA), Australia, at ADPC’s site office in Taweelah. It was a first time visit for the PoHDA delegates who were invited on a
Adira Energy Ltd has entered into an irrevocable and conditional subscription agreement for a non-brokered private placement (the “Offering”) of $5,000,000 with Pelagic Investments Limited (“PI”), which will result in PI acquiring approximately 50.4% of the issued and outstanding common shares of Ad
International classification society RINA has committed major resources to support IACS (International Association of Classification Societies) during its year of chairmanship. Roberto Cazzulo, Chairman of RINA Services SpA, was elected as Chairman of IACS Council at the end of June. He will lead an
