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Business & Finance

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Jebel Ali Port – Major Attraction at Sea Asia 2013
Business & Finance

Jebel Ali Port – Major Attraction at Sea Asia 2013

The new mega container terminal now under construction at DP World flagship Jebel Ali Port has been a major attraction at Sea Asia 2013, the 3-day cornerstone event of Singapore’s Maritime Week, with visitors including Singapore’s Minister of Transport H.E. Lui Tuck Yew. DP World is participating in

about 13 years ago
MLC 2006: Water Onboard Ship Must Be Safe Enough to Drink
Business & Finance

MLC 2006: Water Onboard Ship Must Be Safe Enough to Drink

The entry into force of the Maritime Labour Convention (MLC 2006) in August 2013 will for the first time set out regulations specifying the need to maintain high quality drinking water standards onboard ship which protect crew from waterborne health risks. In response, Wilhelmsen Ships Service (WSS)

about 13 years ago
Rolls-Royce, Drydocks World to Cooperate on LNG Tug Solutions for Middle East
Business & Finance

Rolls-Royce, Drydocks World to Cooperate on LNG Tug Solutions for Middle East

Rolls-Royce plc has signed a memorandum of understanding with Drydocks World Dubai to provide systems for Liquid Natural Gas (LNG) powered tugs for the Middle East market. The tugs, to be designed by the Drydocks World in-house design team, will incorporate a range of power and propulsion equipment

about 13 years ago
Raytheon Anschutz to Supply Bridge Systems for Omani OPVs
Business & Finance

Raytheon Anschutz to Supply Bridge Systems for Omani OPVs

The German navigation system manufacturer Raytheon Anschutz was awarded a contract for the supply of Integrated Bridge and Navigation Systems to four Offshore Patrol Vessels (OPV) for the Royal Navy of Oman. Under the contract, Raytheon Anschütz will equip Oman’s new Al-Ofouq class OPVs with a compl

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

Iran: Noshahr Port on Right Track

In a meeting to explore possible solutions to the existing bottlenecks of the port, Mr. Seidpour said that the annual performance of Noshahr Port amounts to 3.5 million tons and the capacity of the port is expected to increase to 5 million tons with the completion of infrastructural projects and par

about 13 years ago
Odfjell, NCC to Break Off Chemical Tanker Pool
Business & Finance

Odfjell, NCC to Break Off Chemical Tanker Pool

After four years of co-operation Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) have agreed, effective 1 June 2013, to dissolve their pool of 40,000 to 45,000 dwt coated chemical tankers. 13 of the ships currently in the pool are owned by NCC, and five ships are owned and/or controll

about 13 years ago
UAE: YM Xiamen Makes First Call at SCT within New Service
Business & Finance

UAE: YM Xiamen Makes First Call at SCT within New Service

Gulftainer, the world’s largest privately owned port management and logistics company, welcomed the Yang Ming YM Xiamen to Sharjah Container Terminal (SCT) yesterday for the first call of a brand new service. The YM Xiamen arrived for what will be scheduled weekly visits to SCT on the new Gulf feede

about 13 years ago
Statoil and SOCAR to Jointly Explore New Caspian Acreage
Business & Finance

Statoil and SOCAR to Jointly Explore New Caspian Acreage

Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku, by Rovnag Abdullayev, President and CEO o

about 13 years ago
McDermott Wins Two Contracts for Arabian Gulf Customer
Business & Finance

McDermott Wins Two Contracts for Arabian Gulf Customer

McDermott International, Inc. announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog. The first project includes engineering,

about 13 years ago
Rickmers-Linie Expands MiddleEast-India Fleet
Business & Finance

Rickmers-Linie Expands MiddleEast-India Fleet

Rickmers-Linie has decided to charter in to its fleet the 19,100dwt Pacific Winter, which is a sister ship of Baltic Winter, originally chartered in by Rickmers in December 2011. Rickmers will also extend the existing charter on Baltic Winter. With her 800 tonne lift capacity, the 2011-built Baltic

about 13 years ago
McDermott Lands $900 Million Worth of Contracts in Arabian Gulf
Business & Finance

McDermott Lands $900 Million Worth of Contracts in Arabian Gulf

McDermott International, Inc. announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog. The first project includes engineering,

about 13 years ago
VIDEO: Global Marine Trends 2030
Business & Finance

VIDEO: Global Marine Trends 2030

Report issued today at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world, as seaborne trade increases from 9 billion tonnes annually to between 19-24 billion tonnes. Lloyd’s Register, Qinetiq

about 13 years ago
Maritime Lawyers, Shipowners to Promote Ratification of International Maritime Conventions
Business & Finance

Maritime Lawyers, Shipowners to Promote Ratification of International Maritime Conventions

The Comité Maritime International (CMI) – the international association for maritime lawyers – has joined forces with the International Chamber of Shipping (ICS) and the International Shipping Federation (ISF) – which represent the operators of over 80% of the world merchant fleet – to promote those

about 13 years ago
Oman Shipping Company Takes Delivery of Its Fourth VLOC
Business & Finance

Oman Shipping Company Takes Delivery of Its Fourth VLOC

Oman Shipping Company (OSC) took delivery of its fourth Very Large Ore Carrier (VLOC) “VALE SHINAS” in China on 30th March 2013, which will be used in the transportation of iron ore from Brazil to Sohar, Oman. With this vessel Oman Shipping Company has completed delivery of all the 4 VLOCs which wer

about 13 years ago
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