Clearwater Capital Partners, through an entity wholly owned by private investment funds managed by Clearwater, has completed the sale of a Keppel FELS B Class jack-up rig with hull number B351 to Arabian Drilling Company (“ADC”). Mohamed Yusof Al-Rafie, Chairman of Arabian Drilling Company said, “We
Caterpillar has introduced its new Cat® 311F LRR excavator. Powered with a 52-kW (ISO 9249) Cat C3.4B engine that meets EU Stage IIIB emissions standards, the new excavator features a reduced radius that limits over-the-side tail swing to just 508 mm, making it ideal for space-restricted job sites.
Seatronics and OceanWise have jointly been awarded a contract by Ras al-Khaimah Port, United Arab Emirates for the supply and support of a Tidal Monitoring, Telemetry and Display System, comprising six Valeport TideMasters and Water Level Radars and OceanWise’s data telemetry equipment, plus managem
Israel: NGOs Urge Jan De Nul to Abandon Haifa and Ashdod Projects A group of Palestinian and international NGOs have urged the Jan De Nul Group to pull out of a project to build port facilities in Israel, citing concerns about Israel’s continued human rights violations. DEMA: Dredging Could Devast
Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. The total value of these new orders represents approximately 660 million EUR.
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the line pipe coating contract for the South Caucasus Pipeline Expansion (SCPX) project. The contract for line pipe coating is worth approximately $70 million and it has been awarded to Bredero Shaw Intern
ShawCor’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$70 million from BP Exploration (Shah Deniz) Ltd. for and on behalf of the South Caucasus Pipeline Company Ltd. for coating services for the South Caucasus Pipeline Expansion (SCPX) project. The ob
WASSP Ltd, a leading multi-beam manufacturer, has announced the release of an independent report on their WMB-3250 Multibeam Sonar. Based in New Zealand, WASSP Ltd have been supplying its Multibeam systems globally since 2007 and have over 700 systems being used in the commercial fishing industry an
APM Terminals’ focus on delivering competitive solutions in the market translated into strong first quarter performance. The company announced a profit of USD 215m (USD 166m). ROIC was 14.0% (12.0%). Profit, excluding divestment gains and impairment losses, was USD 217m (USD 161m). Container volumes
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply LS Cable a second 4000t modular carousel system and accompanying equipment for a long-term project. The carousel and additional equipment will be used for the transportation of 2 x 50km of powe
A group of Palestinian and international NGOs have urged the Jan De Nul Group to pull out of a project to build port facilities in Israel, citing concerns about Israel’s continued human rights violations. Last week, the Palestinian BDS National Committee published an open letter on its website urgin
Ackermans & van Haaren: Good Start in 2014 for DEME Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure, Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced its interim financial report f
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure, Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced its interim financial report for the first quarter of 2014. Marine Engineering & I
Sheikh Hamdan bin Zayed bin Sultan Al Nahyan, the ruler representative of the Western Region of Abu Dhabi, has recently visited a number of the Western Region development projects. He also met with officials from Abu Dhabi Ports Company (ADPC) at Marfa Port, which lies north of Marfa city in Al Ghar
