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Business & Finance

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Austal Expands Its Presence in Europe, Asia-Pacific and Middle East Markets
Business & Finance

Austal Expands Its Presence in Europe, Asia-Pacific and Middle East Markets

Austal has taken further steps in implementing its strategy to regionalise its operations to better serve and grow its international client base. Following the acquisition of its Philippines shipyard last year, the company has now broadened its sales and support organisations in the key Europe, Asia

about 14 years ago
UK: Lloyd’s Register Issues New Rules for Ice-Class Vessels
Business & Finance

UK: Lloyd’s Register Issues New Rules for Ice-Class Vessels

The first dedicated set of rules for stern-first ice-class ships has just been published by Lloyd’s Register, answering demand for technical support as industry continues to explore the potential of polar transportation routes and the new energy reserves in the far north. The timely release of the r

about 14 years ago
ABS Reorganizes its Divisional Responsibilities (UAE)
Business & Finance

ABS Reorganizes its Divisional Responsibilities (UAE)

Due to increasing commercial relationships between Dubai, India and Singapore, leading classification society ABS is reorganizing its divisional responsibilities to improve service delivery. The Middle East Region, headquartered in Dubai and responsible for the society’s activities in the area will

about 14 years ago
UAE: Stanford Marine Takes Delivery of 10th High-spec OSV
Business & Finance

UAE: Stanford Marine Takes Delivery of 10th High-spec OSV

Stanford Marine, a regional marine business headquartered in Dubai, announced the successful completion of its newbuild program and delivery of its 10th high-spec Offshore Support Vessel. The completion of the program concludes a strategic growth initiative established by Stanford Marine which has i

about 14 years ago
UAE: Stanford Marine Increases Fleet Value by USD 200 Million
Business & Finance

UAE: Stanford Marine Increases Fleet Value by USD 200 Million

Stanford Marine, a regional marine business headquartered in Dubai, announced the successful completion of its newbuild program and delivery of its 10th high-spec Offshore Support Vessel. The completion of the program concludes a strategic growth initiative established by Stanford Marine which has i

about 14 years ago
USA: Noble Corporation Earns USD 120 million in 1Q 2012
Business & Finance

USA: Noble Corporation Earns USD 120 million in 1Q 2012

Noble Corporation today reported first quarter 2012 earnings of $120 million, or $0.47 per diluted share, versus $127 million, or $0.50 per diluted share, for the fourth quarter of 2011. Earnings for the first quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services r

about 14 years ago
CEDA: Invitation to Submit Abstract for Dredging Days 2012 (UAE)
Business & Finance

CEDA: Invitation to Submit Abstract for Dredging Days 2012 (UAE)

On 12-13 December CEDA organises its Dredging Days 2012 conference and exhibition in Abu Dhabi, United Arab Emirates. An optional technical visit will be organised in the afternoon on the second day of the conference. Prospective authors are invited to contribute to the programme. Theme of the confe

about 14 years ago
South Korea: DSME Delivers VLCC BUKHA to Oman Shipping Company
Business & Finance

South Korea: DSME Delivers VLCC BUKHA to Oman Shipping Company

Oman Shipping Company S.A.O.C. (OSC) took delivery of a Very Large Crude Carrier (VLCC) “BUKHA”, at Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), Okpo, South Korea. “BUKHA” is designed and constructed according to the latest international standards, and it has advanced ballast water treat

about 14 years ago
Russia: Bumi Armada Bags USD 200 Million Contract from Lukoil
Business & Finance

Russia: Bumi Armada Bags USD 200 Million Contract from Lukoil

Bumi Armada Berhad announced that its wholly-owned Russian subsidiary, Bumi Armada Caspian LLC received an engineering procurement, installation and commissioning (EPIC) contract valued at approximately USD 200 million from the Russian oil major, OAO Lukoil (“Lukoil”) through its subsidiary, OOO Luk

about 14 years ago
UASC Takes Delivery of Its Newbuild Container Vessel from SHI, South Korea
Business & Finance

UASC Takes Delivery of Its Newbuild Container Vessel from SHI, South Korea

United Arab Shipping Company (UASC) has taken delivery of its eighth A13 (13,500 TEU) container vessel “AL QIBLA”, during a Naming Ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by her sponsor, Mr Othman Ibrahim Al-Issa, Chairman of UAS

about 14 years ago
UAE: Regional Transport Ministers Visit Khalifa Port and Kizad
Business & Finance

UAE: Regional Transport Ministers Visit Khalifa Port and Kizad

ADPC welcomed a high profile delegation of regional transport ministers to the Khalifa Port and Kizad Visitor Centre at Taweelah recently. The delegates were given a tour of the modern and highly sophisticated visitor centre at Taweelah, which brings the futuristic Khalifa Port and Kizad to life. H.

about 14 years ago
UAE: Lamprell to Refurbish and Upgrade 5 Jack-Up Rigs
Business & Finance

UAE: Lamprell to Refurbish and Upgrade 5 Jack-Up Rigs

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announces that it has secured orders from multiple clients during Q1 2012 to undertake a number of jackup rig upgrade and refurbishment projects, with a com

about 14 years ago
Saudi Arabia: BAHRI Inks Contract to Build Five Dry Bulk Ships
Business & Finance

Saudi Arabia: BAHRI Inks Contract to Build Five Dry Bulk Ships

The National Shipping Company of Saudi Arabia (BAHRI) announced that the company signed an agreement on Tuesday the 17th April 2012 to build (5) Kamsarmax vessels to transport dry bulk cargo. These generation vessel are of 82,000 DWT, length 229 meters, with modern fuel saving technologies and lates

about 14 years ago
Azerbaijan: Shah Deniz Stage 2 Project FEED Begins
Business & Finance

Azerbaijan: Shah Deniz Stage 2 Project FEED Begins

The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku during the meeting between the President of the Republic of Azerba

about 14 years ago
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