Stringent measures to reduce shipping’s impact on the environment need to also be economically sustainable, warns the Chairman of the International Chamber of Shipping (ICS). Speaking at this week’s Connecticut Maritime Association event in USA, Mr Masamichi Morooka told delegates: “In a truly diffi
Singapore’s Ezion Holdings Limited announced that it has secured a charter contract with a value of approximately USD 48.2 million over a 3 year period to provide a service rig to be used by an international oil company to support its oil & gas activities in the Arabian Gulf. The service rig is expe
DP World today announced financial results from its global portfolio of marine terminals for the twelve months ending 31 December 2012. DP World Chairman, Sultan Ahmed Bin Sulayem commented; “DP World delivered profit for the year of $749 million following a strong year of operational performance fr
Dr. Sultan Al Jaber, Chairman of ADPC (Abu Dhabi Ports Company) highlighted the importance of diversification for regional economies and the need to make strategic investments in the Gulf Region during his opening welcome speech at the World Ports & Trade Summit 2013 which opened today at the St Reg
Aberdeen-based Operational Excellence (OPEX) Group Ltd is on track to meet its ambitious growth plans with £10million worth of business secured in the last three months. The company, which helps operators eliminate production loss and unplanned breakdowns, has secured work with a number of oil major
Drydocks World, a UAE-based service provider to the global maritime and offshore oil and gas industry, announced significant safety milestones on a number of projects in February 2013. The company has built its reputation around a strong Health, Safety and Environment culture and is working on sever
Fastnet , the listed E&P company focused on near term exploration acreage in the Celtic Sea and Morocco, has executed a seismic contract with CGG to acquire, using the SR Veritas Vantage vessel, 1,710 sq. km. of 3D seismic in the Celtic Sea beginning in mid-April 2013. The total value of the program
Continuing civil unrest in Egypt, particularly around Port Said, highlights Europe’s dependence on the Suez Canal remaining open, according to Drewry’s new online product Container Insight Weekly. According to Drewry’s ‘what if’ calculations, were the Suez Canal to close tomorrow, Europe’s supply ch
As the Abu Dhabi Ports Company (ADPC) prepares to host the World Ports & Trade Summit at the Saadiyat St Regis Resort, ADPC looks back to one of its most significant milestones this year when it welcomed the arrival of the world’s largest and most expensive ocean liner to the capital. In the early h
On the sidelines of the World Port and Trade Summit 2013, Abu Dhabi Ports Company ( ADPC ) has announced that a new Abu Dhabi-based port project is underway, with the development of Shahama Port into a commercial, leisure and tourism hub. ADPC stated that it will develop the Shahama water basin and
The Head of the Safety Department of Bandar Abbas port has said that this decrease in port incidents is due to the measures undertaken by his office such as casting analytical approach to the port incidents with a view to identify the risk factors and devising a sound solution to minimize them in op
After agreeing to expand the successful G6 Alliance to the Trans-Pacific trade earlier this year, the six member lines announced today the port rotations of their new comprehensive and competitive service portfolio. The new expanded cooperation will start in May with six coordinated services in the
Over 30 of the industry’s regional and international maritime industry leaders and experts will convene in Abu Dhabi from 19-20 March 2013 for the high profile two-day summit event that will take an in-depth look at the promotion of trade development, supply chain management and port efficiency in t
As the ports sector strives to make further improvements to safety standards, operational efficiency and environmental performance, the benefits offered by Cavotec’s automated mooring technology, MoorMaster, are becoming increasingly apparent to port operators and shipping lines across the Middle Ea
