GE said it has received an order from Mass Global Investment Company to provide gas turbines for a new 3-gigawatt power plant in Bismayah, near Baghdad.
The Republic of the Marshall Islands has expressed great concern over the outgoing Secretary-General of the IMO, Koji Sekimizu’s call to global leaders at COP21 not to intervene and not to insist that the IMO sets a clear and ambitious sector target for shipping. “His call is not just a danger to th
The Republic of the Marshall Islands has expressed great concern over the outgoing Secretary-General of the IMO, Koji Sekimizu’s call to global leaders at COP21 not to intervene and not to insist that the IMO sets a clear and ambitious sector target for shipping. “His call is not just a danger to th
Ports in Yemen remain open despite continuation of fighting between Houthi rebels and Saudi-led Coalition forces, but port operations are experiencing difficulties due to the poor infrastructure after bomb damage and neglect, according to the latest update from global maritime security company Mast.
Ports in Yemen remain open despite continuation of fighting between Houthi rebels and Saudi-led Coalition forces, but port operations are experiencing difficulties due to the poor infrastructure after bomb damage and neglect, according to the latest update from global maritime security company Mast.
Completion of Platform Supply Vessels’ (PSVs) construction has taken a nosedive as affected owners delay the delivery of completed vessels triggered by challenging market conditions. Driven predominantly by the downturn of crude oil prices that started in the summer of 2014 and heavy oversupply, shi
Completion of Platform Supply Vessels’ (PSVs) construction has taken a nosedive as affected owners delay the delivery of completed vessels triggered by challenging market conditions. Driven predominantly by the downturn of crude oil prices that started in the summer of 2014 and heavy oversupply, shi
LONDON (Reuters) – Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc <RDSa.L> said on Tuesday. “I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry conferen
Cruise lines seem to have abandoned their cautious approach to ordering new ships this summer as the cruise orderbook has achieved record level, with the sector hoping to take advantage of the mobility of its assets to tap the enormous potential in emerging markets, according London-based industry a
Cruise lines seem to have abandoned their cautious approach to ordering new ships this summer as the cruise orderbook has achieved record level, with the sector hoping to take advantage of the mobility of its assets to tap the enormous potential in emerging markets, according London-based industry a
Oil prices have stabilised in the $45-50 range over the last month, however, performances of major oilfield stocks have continued to suffer, Douglas-Westwood, an energy intelligence group wrote in its DW Monday report. According to analysis undertaken by DW, a decline of a further 8% has been seen t
Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity avail
Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity avail
Renaissance Services has entered into an agreement to divest Topaz Engineering Limited (TEL) and its subsidiaries which provide marine engineering and shipbuilding services in the Middle East. Chalmers Holdings Limited has acquired the business for US$ 18.5 million. A spokesman for Renaissance Servi
