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Business & Finance

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USA: GT Nexus Takes Action to Support Maersk Line’s Call for Change in Shipping Industry
Business & Finance

USA: GT Nexus Takes Action to Support Maersk Line’s Call for Change in Shipping Industry

The GT Nexus Shipper Council, a customer community of the world’s biggest importers and exporters, announced that it has engaged Maersk Line in response to the ocean carrier’s recently announced “Manifesto,” which calls for changes in the way carriers and shippers conduct their business. The Shipper

about 15 years ago
Germany: GL Exchange Forum Assesses IMO Emissions Measures
Business & Finance

Germany: GL Exchange Forum Assesses IMO Emissions Measures

The subject of Carbon Dioxide dominates the future of many industries today. Whether it be the Shipping, Automotive, Aviation, or Power Generation industries the questions of how to account for, reduce, produce, capture and minimise the impact of Carbon Dioxide generated by that industry is seldom l

about 15 years ago
Iran: Pipe Laying Operations at South Pars Near Completion
Business & Finance

Iran: Pipe Laying Operations at South Pars Near Completion

Pipe laying operations at the South Pars gas field phases 15 and 16 is near completion, the manager of the SP phases 15 and 16, Abolqasem Noubakhti said. He went on to say that, pipe laying of the phase 16 with 115 kilometers length have been completed while the work in phase 15 is […]

about 15 years ago
UAE: Lamprell Revenue Rises 102.6 pct in H1 2011
Business & Finance

UAE: Lamprell Revenue Rises 102.6 pct in H1 2011

Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewable industry based in the UAE, announces its Interim Results for the six month period ended 30 June 2011. H1 2011 FINANCIAL RESULTS Revenue: US$ 383.6 million up 102.6% (H1 2010: US$ 189.3 milli

about 15 years ago
Iran: South Pars Pipe Laying Near Completion
Business & Finance

Iran: South Pars Pipe Laying Near Completion

Pipe laying operations at the South Pars gas field phases 15 and 16 is near completion, the manager of the SP phases 15 and 16, Abolqasem Noubakhti said. He went on to say that, pipe laying of the phase 16 with 115 kilometers length have been completed while the work in phase 15 is going […]

about 15 years ago
Oman: Rak Petroleum Posts Quarterly Results. Provides Operational Update
Business & Finance

Oman: Rak Petroleum Posts Quarterly Results. Provides Operational Update

RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced a net profit of AED 48.4 million (unaudited) for the quarter ended 30 June 2011 on turnover of AED 118.9 million, after equity accounting for its share of the profit reported by associate compan

about 15 years ago
UAE: DP World Increases Profit by 36 pct in First Six Months of 2011
Business & Finance

UAE: DP World Increases Profit by 36 pct in First Six Months of 2011

DP World today announced financial results from its global portfolio of marine terminals for the first six months of 2011, reporting profit after tax before separately disclosed items of S281 million, 36% ahead of the same period last year. After separately disclosed items, which include a significa

about 15 years ago
UAE: Grandweld Shipyard Delivers 21M Discovery Class Vessel Fujairah Pilot I
Business & Finance

UAE: Grandweld Shipyard Delivers 21M Discovery Class Vessel Fujairah Pilot I

Grandweld Shipyards has announced the successful delivery of “Fujairah Pilot I” to Ports of Fujairah. The vessel was part of contract to design, build and deliver two sister pilot boats. The 21M “Discovery Class” design has already built a solid reputation for providing highly efficient pilot servic

about 15 years ago
UAE: DP World Increases Profit by 36 Pct in First Six Months of 2011
Business & Finance

UAE: DP World Increases Profit by 36 Pct in First Six Months of 2011

DP World today announced financial results from its global portfolio of marine terminals for the first six months of 2011, reporting profit after tax before separately disclosed items of S281 million, 36% ahead of the same period last year. After separately disclosed items, which include a significa

about 15 years ago
Iran: Daily Gas Reception Capacity from SP May Reach 300 Million Cubic Meters
Business & Finance

Iran: Daily Gas Reception Capacity from SP May Reach 300 Million Cubic Meters

The potential of gas reception would reach 300 million cubic meters per day from South Pars gas fields, managing director of the South Pars Gas Complex (SPGC), Ali Akbar Shabanpour announced. According to the report of the public relations of the National Iranian Gas Company (NIGC), the expected gas

about 15 years ago
GAC Strengthens India-South Africa Trade Lane
Business & Finance

GAC Strengthens India-South Africa Trade Lane

The GAC Group has streamlined its India-South Africa one-stop logistics service with fast-track customs clearance technology and dedicated, specially-trained staff. In addition, GAC’s global partnership agreement with major carriers ensures that urgent requests can be met quickly, and at fair rates.

about 15 years ago
DMCA Completes Repatriation of 21 Crew Members of Stranded Korean Oil Tanker
Business & Finance

DMCA Completes Repatriation of 21 Crew Members of Stranded Korean Oil Tanker

Dubai Maritime City Authority (DMCA), the lead maritime government entity charged with regulating, coordinating and supervising the maritime sector in Dubai, has announced, together with the Dubai Port Police, that the successful repatriation of 21 crew members of the SAMHO JASPER, a Korean tanker t

about 15 years ago
Reliance Abandons Block 18 in Sea of Oman
Business & Finance

Reliance Abandons Block 18 in Sea of Oman

Reliance Industries Limited (RIL), India’s largest private sector firm, has withdrawn from an offshore oil exploration block in the Sea of Oman, authorities confirmed here yesterday. Block 18, a 21,140 sq km concession located off the Batinah coast, was relinquished by the conglomerate’s wholly owne

about 15 years ago
Saudi Arabia: NSCSA Wins MODA Contract for Transportation and Logistics Services
Business & Finance

Saudi Arabia: NSCSA Wins MODA Contract for Transportation and Logistics Services

The National Shipping Company of Saudi Arabia “NSCSA” announce wining a contract to provide transportation and logistics services for the Ministry of Defense and Aviation “MODA” for a total value of Saudi Riyal 230 Million for a period of three (03) years. This contract will be effective from 11/9/2

about 15 years ago
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