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Business & Finance

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Top News – May 20 to 26, 2013
Business & Finance

Top News – May 20 to 26, 2013

USA: Stone Harbor Renourishment Moves Ahead Stone Harbor officials have learned that the ongoing beach nourishment project will now involve the entire beachfront. USA: President Obama Visits Ellicott Dredges (VIDEO) President Barack Obama visited Moravia Park Elementary School, local manufacturer

about 13 years ago
Mariner of the Seas Makes Maiden Call to Port Rashid in UAE
Business & Finance

Mariner of the Seas Makes Maiden Call to Port Rashid in UAE

Dubai welcomed Mariner of the Seas, a member of Royal Caribbean International’s cruise line fleet, as it made its maiden call to the Emirate on 21st of May. The maiden call, which is another demonstration of Dubai’s increasing prominence on the cruise tourism map, was greeted with a traditionally wa

about 13 years ago
Genscape Buys Vesseltracker.com
Business & Finance

Genscape Buys Vesseltracker.com

Genscape, the company that pioneered the placement of thousands of patented, in-the-field energy monitors to measure market fundamentals in real-time, today announced the acquisition of Vesseltracker.com GmbH. This acquisition significantly expands Genscape’s network of proprietary real-time energy

about 13 years ago
Divers Cooperate to Keep Bahrain’s Port Free of Mines
Business & Finance

Divers Cooperate to Keep Bahrain’s Port Free of Mines

British and Dutch divers are working side-by-side in the warm, salty waters of Bahrain port as part of a major Gulf exercise dealing with the threat of mines. Although much of the emphasis of the 40-nation IMCMEX – International Mine Counter-Measures Exercise – is focused on clearing routes for the

about 13 years ago
ShipTek’s ‘Best Repair Yard’ Award Goes to Drydocks World (Dubai)
Business & Finance

ShipTek’s ‘Best Repair Yard’ Award Goes to Drydocks World (Dubai)

Drydocks World, one of the most renowned and prolific maritime service providers operating from the Middle East, received the Best Repair Yard Award at the 6th Marine BizTV International Maritime Awards organized in conjunction with ShipTek 2013. The shipyard has done exemplary work, by diversifying

about 13 years ago
CHEC Wins Oman International Container Terminal “C” Project
Business & Finance

CHEC Wins Oman International Container Terminal “C” Project

On March 31, CHEC won the bid for Oman International Container Terminal “C” Project, with a contract amount of over USD 30 million and a construction period of 15 months. The main work content of this project is to build quay wall of about 1000m-long and 29-ha stackyard of port facilities, including

about 13 years ago
Saipem Awards Oceaneering with Subsea Contract Offshore Egypt
Business & Finance

Saipem Awards Oceaneering with Subsea Contract Offshore Egypt

Oceaneering International, Inc. announced that it has secured a contract from Saipem to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development located offshore Egypt. The order consists of ten subsea production control umbilicals totaling approximately 84 kilometers (52.2 mi

about 13 years ago
Shippers and the Environment to Benefit from IMO Decision on Reception Facilities
Business & Finance

Shippers and the Environment to Benefit from IMO Decision on Reception Facilities

Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues including Hold Washing Water (HWW) from cargoes deemed “Harmful to the Marine Environment” (HME), have been substantially answered after an important decision at the IMO Marine

about 13 years ago
Iran, Lebanon Expand Cooperation in Oil and Gas Industry
Business & Finance

Iran, Lebanon Expand Cooperation in Oil and Gas Industry

Iran and Lebanon oil officials reached new agreements on expanding cooperation in oil and gas industry during a meeting held in Beirut May 12. Managing director of National Iranian Oil Products Distribution Company (NIOPDC), Mostafa Kashkouli made the remarks adding in a meeting with Minister of Ind

about 13 years ago
Oman: Port of Sohar Marks Start of Container Terminal Expansion
Business & Finance

Oman: Port of Sohar Marks Start of Container Terminal Expansion

Under the auspice of HE Said Hamdoon, Undersecretary Ministry of Transport and Communication, Oman International Container Terminal ground breaking ceremony took place on May 16th to mark the start of the expansion of their container terminal capacity in Sohar. The construction will pave the way to

about 13 years ago
Bahri Recognized as One of the Top Arab Companies
Business & Finance

Bahri Recognized as One of the Top Arab Companies

The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab Region by Forbes Middle East. Engr. Saleh Al-Jasser, Bahri CEO received the award during an event organized under the patronage of His Excellency Sheikh Nahayan Mabarak Al Nahayan, Minister for C

about 13 years ago
Iran: Bushehr Port on Right Track
Business & Finance

Iran: Bushehr Port on Right Track

Director General of Bushehr Port said that the proper ground for the investment in Negin Island has been prepared. Negin is a small island adjacent to Bushehr Port which is planed to be turned into to a small port. Mr. Rastad noted that last year the ground was paved for conclusion of two agreements

about 13 years ago
Interactive Particularly Sensitive Sea Area Display Launched at IMO HQ (UK)
Business & Finance

Interactive Particularly Sensitive Sea Area Display Launched at IMO HQ (UK)

​A new interactive display on Particularly Sensitive Sea Areas (PSSA) has been launched at IMO Headquarters. A PSSA is an area that needs special protection through action by IMO because of its significance for recognized ecological or socio-economic or scientific reasons and which may be vulnerable

about 13 years ago
Agreement Signed for Commissioning of Didon Submarine Cable Linking Tunisia to Europe
Business & Finance

Agreement Signed for Commissioning of Didon Submarine Cable Linking Tunisia to Europe

Tunisiana and Orange Tunisia announced the signing of a partnership agreement with Interoute, the owner operator of Europe’s largest next generation network, for the commissioning of a submarine cable, called Didon, connecting the city of Kélibia, Tunisia to Interoute’s pan European fiber optic netw

about 13 years ago
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