International energy consultancy Xodus Group has acquired the business of Dubai based Prime Energy as part of a major expansion drive in the Eastern Hemisphere. This is the first acquisition Xodus has made in the Middle East following the launch of its Dubai operations in 2012. Colin Manson, CEO of
Maran Nakilat Co. Ltd., a joint venture (JV) between Nakilat and Maran Ventures Inc., has secured Islamic refinancing worth $662.4m that will see the JV expand its fleet and Nakilat increase its ownership of the JV. At a ceremony held at Nakilat’s Doha head office, Maran Nakilat Co. Ltd. signed a $6
Drydocks World and Maritime World, the well-established international maritime services provider hosted Ms. Maria De Los Angeles Arrieta, Counselor & Trade Commissioner with the Embassy of Argentina in U.A.E. His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World received the
CGG announced that ARGAS, its joint venture with TAQA in Saudi Arabia, has signed a cooperation agreement with the King Abdulaziz University (KAU) in Jeddah. The agreement is the culmination of two years of informal cooperation between the ARGAS Technology Center in Al Khobar and KAU’s Faculty of Ea
3 Dead, 2 Missing after Dredger Sinks (China) Three people died and two are still missing after a dredger sank off the coast of south China’s Guangxi Zhuang Autonomous Region on Wednesday night, local authorities said Thursday. Qatar: Doha Newport Project Moves Ahead The number of wharf concrete-b
Polarcus Limited yesterday entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the terms of the bareboat charter. The current r
Polarcus Limited, a UAE-based seismic acquisition specialist, has today entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the
On Saturday afternoon (22 June), EU Naval Force Italian warship, ITS Zeffiro and Chinese Navy warship CNS Mianyang, which are both conducting counter piracy operations, met at sea in the choppy waters of the Gulf of Aden. The aim of the meeting was to enable CNS Mianyang to take over escort duties o
Mitsui O.S.K. Lines, Ltd. (MOL) together with shipbuilder Mitsubishi Heavy Industries and the classification society ClassNK, will continue the thorough investigation to find the cause of the MOL Comfort incident, which occurred on June 17 on the Indian Ocean. ”We have decided to take extra preventi
The four tug boats that arrived yesterday at the site of the fractured MOL Comfort have started to tow the fore part toward the Arabian Gulf. Towing of the aft part is under preparation. The MOL Comfort, a MOL operated 7,041 TEU container ship sailing under the Bahamian-flag, broke apart on June 17
Gulftainer, the world’s largest privately owned independent port management and logistics company, welcomed CMA CGM’s Alexander Von Humboldt containership on its maiden voyage and call at the Khorfakkan Container Terminal (KCT). The Alexander Von Humboldt, named after the German naturalist, geograph
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, officially opened the new extension to Container Terminal 2 (T2) at flagship Jebel Ali Port, welcoming one of the largest container ships afloat, the MSC La Spezia. A red carpet welcome was given to the 366-metre long vessel, which has 14,000 TEU (twe
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, officially opened the new extension to Container Terminal 2 (T2) at flagship Jebel Ali Port, welcoming one of the largest container ships afloat, the MSC La Spezia. A red carpet welcome was given to the 366-metre long vessel, which has 14,000 TEU (twe
On 25 June 2013, individuals, organisations and governments around the world will be recognising seafarers – the unsung heroes of the sea who make global trade possible. Abu Dhabi Ports Company (ADPC), the master developer of ports and industrial zones, will be taking the opportunity to recognize an
