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Business & Finance

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Top News – May 13 to 19, 2013
Business & Finance

Top News – May 13 to 19, 2013

Cummins: “Smallest-to-Largest” on Display at Nor-Shipping (Norway) Cummins Inc, a leading manufacturer of diesel engines for the commercial marine industry, will feature one of the most impressive engine line-ups at Nor-Shipping (Oslo, Norway; June 4-7) with a “smallest-to-largest” commercial marine

about 13 years ago
UAE: IMO’s GloBallast Partnerships Project Awarded for Innovation
Business & Finance

UAE: IMO’s GloBallast Partnerships Project Awarded for Innovation

IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the 6th Marine BizTV International Maritime Award for “Best

about 13 years ago
Royal Navy Takes Part in Largest Multinational Minehunting Exercise in Gulf Region
Business & Finance

Royal Navy Takes Part in Largest Multinational Minehunting Exercise in Gulf Region

Representatives from more than 40 nations have arrived in Bahrain to take part in the largest exercise ever staged to deal with the threat of mines in the Gulf region. Six ships and more than 600 sailors from the Royal Navy are taking part in the fortnight-long test of the response of the world’s na

about 13 years ago
Paying Ransom Still Stumbling Block to Curbing Piracy in the Indian Ocean
Business & Finance

Paying Ransom Still Stumbling Block to Curbing Piracy in the Indian Ocean

The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organiz

about 13 years ago
Unique Wellube Widens Its Portfolio of Services
Business & Finance

Unique Wellube Widens Its Portfolio of Services

Unique Wellube FZC, a Unique Maritime Group Company which is one of the world’s leading integrated turnkey subsea and offshore solution providers is proud to announce the widening of its portfolio of services by signing exclusive agency and distribution agreements with 3 new associations. Unique Wel

about 13 years ago
The Netherlands: Damen Kicks Off Construction of 14 ASD Tugs for KOC
Business & Finance

The Netherlands: Damen Kicks Off Construction of 14 ASD Tugs for KOC

A symbolic keel-laying ceremony on the 17th of April 2013 in Gorinchem, The Netherlands, officially launched the construction phase of 14 Damen ASD Tugs for Kuwait Oil Company (KOC). The series consist of two types, being 9 tugs of Damen’s recently launched 3212 model and 5 units of the well-known 2

about 13 years ago
VIDEO: Damen Wins STV Construction Deal from Omani Defence Ministry
Business & Finance

VIDEO: Damen Wins STV Construction Deal from Omani Defence Ministry

The Ministry of Defence in Oman has awarded Damen Shipyards Group a contract for the construction of a Sail Training Vessel (STV). The 87-metre square rigged, three-masted steel clipper will take up her role as a flagship. In addition to its key role of training young Omani navy cadets and officers,

about 13 years ago
Egypt: Mashreq Petroleum Pens 25-year Concession Agreement with Port Said
Business & Finance

Egypt: Mashreq Petroleum Pens 25-year Concession Agreement with Port Said

Citadel Capital, the leading investment company in Africa and the Middle East, announced that core platform company Mashreq Petroleum has signed a 25-year concession agreement with the East Port Said Port Authority. The agreement is extendable by up to five years based on a 90% achievement rate of o

about 13 years ago
Ports Give Out Mixed Messages on Monitoring and Automation Technology Benefits
Business & Finance

Ports Give Out Mixed Messages on Monitoring and Automation Technology Benefits

84% of port owners, operators and contractors said they would expect “increased safety” to be the primary benefit in specifying an automated system to monitor factors such as mooring line tension, approach speed and environmental conditions, according to a new independent market report by the marine

about 13 years ago
Bahri Receives ‘Seatrade 2013 Global Performer Award’
Business & Finance

Bahri Receives ‘Seatrade 2013 Global Performer Award’

The National Shipping Company of Saudi Arabia (Bahri) was presented with “Seatrade 2013 Global Perform Award” during the prestigious 25th Seatrade Awards Ceremony Dinner held on 10th May 2013 at London’s historic Guildhall. The award was received by Engr. Saleh Al-Jasser, Bahri CEO in the presence o

about 13 years ago
UTEC Survey Gets New General Manager (UAE)
Business & Finance

UTEC Survey Gets New General Manager (UAE)

UTEC has announced the appointment of Ian Pownall as the General Manager of UTEC Survey JLT, based in Dubai, UAE. The responsibilities of this role include development and delivery of the UTEC brand and business model in the Middle East region. Ian, who was formerly with Corrintec in the UK and Uniq

about 13 years ago
UAE: Dubai Courts Delegation Visits Jebel Ali Port
Business & Finance

UAE: Dubai Courts Delegation Visits Jebel Ali Port

The importance of a strong legal framework in building a sustainable business was underlined during a visit by Dubai Courts to DP World’s flagship Jebel Ali port recently. Top officials from Dubai Courts led by Dr. Ahmed Saeed Bin Hazim, Director General of Dubai Courts, were welcomed by HE Jamal Ma

about 13 years ago
UAE: Efficient Work of Dubai Courts Contributes to Maritime Industry
Business & Finance

UAE: Efficient Work of Dubai Courts Contributes to Maritime Industry

The importance of a strong legal framework in building a sustainable business was underlined during a visit by Dubai Courts to DP World’s flagship Jebel Ali port recently. Top officials from Dubai Courts led by Dr. Ahmed Saeed Bin Hazim, Director General of Dubai Courts, were welcomed by HE Jamal Ma

about 13 years ago
Cathelco to Supply Pipework Anti-Fouling Systems for Lamprell Jack-Up Rigs
Business & Finance

Cathelco to Supply Pipework Anti-Fouling Systems for Lamprell Jack-Up Rigs

Cathelco have won a series of orders to supply seawater pipework anti-fouling systems for jack-up rigs which are to be built by Lamprell Energy Ltd, the UAE based provider of diversified engineering services for the offshore oil and gas industry. The anti-fouling equipment will be supplied for four

about 13 years ago
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