Polarcus, a marine seismic data acquisition specialist based in Dubai, has reported a drop in its 2Q revenues of $91 million, compared to $137.6 million in the second quarter 2014. The company’s net profit also fell. Polarcus reported a net loss of $78.3 million, versus a net profit of $9.2 million
The boards of the International Seafarers Welfare and Assistance Network (ISWAN) and the Maritime Piracy Humanitarian Response Programme (MPHRP) have decided to move the activities of the MPHRP into ISWAN. A transfer agreement was signed by both parties on August 3, 2015. The programme will continue
The boards of the International Seafarers Welfare and Assistance Network (ISWAN) and the Maritime Piracy Humanitarian Response Programme (MPHRP) have decided to move the activities of the MPHRP into ISWAN. A transfer agreement was signed by both parties on August 3, 2015. The programme will continue
An official at the Iranian Offshore Oil Company (IOOC) says the company has succeeded to increase crude oil production from the Salman oil field in the Persian Gulf, which Iran shares with the United Arab Emirates. Abbas Rajab-Khani, the official in charge of the IOOC’s operations in Lavan region sa
Horizon Geosciences, a provider of offshore and nearshore geophysical surveys and geotechnical services, has added a multi-disciplinary, DP1 survey vessel, the Kommandor Stuart, to its fleet. Horizon Geosciences Business Development Manager Matthew Suchley said: “Demand for Horizon Geosciences’ geop
Managing director of the Iranian Gas Engineering and Development Company said that a pipeline that will take Iran’s gas to Iraq will become operational by the end of the current Iranian month (ends August 22). Alireza Gharibi said testing 100 kilometers of the pipeline has come to an end and the pip
Managing director of the Iranian Gas Engineering and Development Company said that a pipeline that will take Iran’s gas to Iraq will become operational by the end of the current Iranian month (ends August 22). Alireza Gharibi said testing 100 kilometers of the pipeline has come to an end and the pip
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
Port workers at the Israeli Port of Ashdod were evacuated Monday after emergency teams discovered radiation emanating from a shipping container, according to a local media report. Israel’s Environmental Protection Ministry said that the workers were evacuated as a precaution, saying that the subsequ
Port workers at the Israeli Port of Ashdod were evacuated Monday after emergency teams discovered radiation emanating from a shipping container, according to a local media report. Israel’s Environmental Protection Ministry said that the workers were evacuated as a precaution, saying that the subsequ
Hibiscus Petroleum Berhad’s subsidiary, Gulf Hibiscus Limited, has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub El-Wadi Petroleum Holding Company (Ganope), an entity of the Ministry of Petroleum, Arab Republic of Egypt. According to Hibiscus, the block was award
At least 10 billion dollars in investments is needed for Iran to export its gas to European customers, director of international affairs at National Iranian Gas Company said. Azizollah Ramezani said so far nothing special with regards to construction of gas pipelines to Europe from Iran has happened
At least 10 billion dollars in investments is needed for Iran to export its gas to European customers, director of international affairs at National Iranian Gas Company said. Azizollah Ramezani said so far nothing special with regards to construction of gas pipelines to Europe from Iran has happened
