Gulf Marine Services PLC today announced its intention to proceed with an initial public offering. GMS intends to apply for admission of its ordinary shares to the premium segment of the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange. The com
Abu Dhabi Ports Company (ADPC) has invested more than AED 27 millon in the Al Gharbia region of Abu Dhabi over the last year. ADPC has five ports in the region; Marfa, Al Sila, Sir Bani Yas, Mugharrag, and Delma. As part of its remit as master developer of the non-oil and gas maritime assets [&helli
Turkey has started talks with Iran with a view to striking a deal for the construction of a gas pipeline that would carry natural gas from Iran to Europe via Turkey. Turkey’s planned Iran-Turkey-Europe (ITE) natural gas pipeline project would be 5,000 kilometers long, Iran’s SHANA news agency report
Containership Collides with Chemical Tanker in Singapore Strait The Maritime and Port Authority of Singapore (MPA) received a report that today a collision had occurred between the departing Liberia-flagged containership “Hammonia Thracium” and the Panama-flagged chemical tanker “Zoey” in the Singap
Read the most popular news of the week. New rigs, offshore support vessels, investment decisions, FLNG, Johan Sverdrup and more
Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) has delivered to Milaha the 32m-long tug Semesma, the eleventh vessel built in the State of Qatar by NDSQ to be utilized by Milaha at the Port of Mesaieed. Semesma is part of a 19-vessel order for Milaha that NDSQ is completing at its facilitie
Lamprell has announced that Board has approved Peter Whitbread’s move from an executive to a non-executive role on the Board. Peter will be remunerated in accordance with the Company’s agreed remuneration structure for nonexecutive Directors. Lamprell is a leading provider of diversified engineering
Abu Dhabi Ports Company (ADPC) has hosted a visit from senior officials at US Customs and Border Protection (CBP). The visit which took place on Sunday 9 February was led by Mohamed Juma Al Shamisi CEO, ADPC. The VIP visitors included US Commissioner Thomas Winkowski, and other senior members of sta
Liner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is only going to get worse, according to Drewry’s newly published Carrier Performance Insight report. Containership reliability worsened i
Iran is planning to facilitate conditions for foreign investment in its energy sector in a bid to attract foreign companies, deputy oil minister for international affairs and commerce Ali Majedi announced. He said that the Ministry is trying to facilitate conditions to encourage foreign firms to par
Magnolia LNG Inks MoU with SKEC Group Liquefied Natural Gas Limited announced that Magnolia LNG, its 100% owned subsidiary, has executed a Memorandum of Understanding (MOU) with SK Engineering and Construction and its subsidiary SK E&C USA, (SKEC Group). GE: Small-Scale LNG Plant (VIDEO) GE’s Small-
Read the most popular news of the week. Contract awards, field development plans, oil discoveries, subsea awards, offshore acquisitions
Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean, Delek Drilling, Avner Oil Exploration and Ratio Oil Exploration, have agreed to convert a previous in- principle agreement for the potential acquisition of an interest in the Leviathan field into a non-binding Memoran
United Arab Shipping Company (UASC) said that options for six additional 14,000 TEU vessels have been exercised bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including all op
