Eco Wave Power (EWP) installed its improved wave energy power plant in Jaffa Port, Israel, earlier this month. The upgraded power plant will be working with two floaters. One is “the 1st Generation Floater” and the other is the new and improved “2nd Generation Floater” , which will be tested by EWP,
Oil bounced back from a three-month low to around $57 (37 pounds) a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal.
Singapore’s EMAS AMC, together with India’s Larsen & Toubro Hydrocarbon Engineering (LTHE), has secured a six year long term agreement with Saudi Arabian oil company, Saudi Aramco. Under the agreement, Larsen & Toubro and EMAS AMC, a subsidiary of Ezra Holdings, will execute offshore projects with S
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
Energy-hungry Pakistan is set to receive its sixth shipment of LNG since it has started importing the chilled gas in March this year. The 150,900 cbm FSRU Exquisite, which is being used as Pakistan’s first LNG import terminal, is expected to arrive at the Port Qasim facilities on Wednesday. The vess
Energy-hungry Pakistan is set to receive its sixth shipment of LNG since it has started importing the chilled gas in March this year. The 150,900 cbm FSRU Exquisite, which is being used as Pakistan’s first LNG import terminal, is expected to arrive at the Port Qasim facilities on Wednesday. The vess
Inchcape Shipping Services (ISS), the a marine, cargo and supply chain solutions provider and Technip, an international oilfield services provider have signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East. Currently under offshore execution by
Popular news, June 29 – July 5, 2015
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
Iran has revealed plans to invest big in the development of its bunkering infrastructure in the Persian Gulf. As informed by Iran’s Ports and Maritime Organization (PMO), the plans, announced by the PMO Managing Director Mohammad Saeednejad, envisage investment worth USD 500 million, which is earmar
Iran has revealed plans to invest big in the development of its bunkering infrastructure in the Persian Gulf. As informed by Iran’s Ports and Maritime Organization (PMO), the plans, announced by the PMO Managing Director Mohammad Saeednejad, envisage investment worth USD 500 million, which is earmar
LNG engineering company Amec Foster Wheeler said it has appointed Garry Dryburgh as President, Middle East and Africa.
