Minister of Defence Hillen is making it cheaper for shipping companies to deploy marines on board merchant ships passing through waters off the coast of Somalia. These military personnel protect vulnerable vessels from pirates in Vessel Protection Detachments (VPDs). The Dutch shippers’ organisation
Operations to build a gas pipeline from Iran to Iraq will be completed in 2014, Iranian minister of petroleum, Rostam Qasemi announced. He said that in addition to the agreement signed for the export of gas to Pakistan and Iraq, the permission for transporting gas to Europe via Turkey had been issue
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announced that it has received a new contract award from Seajacks 4 Limited (“Seajacks”). The Engineering, Procurement & Construction contract,which is valu
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announced that it has received a new contract award from Seajacks 4 Limited (“Seajacks”). The Engineering, Procurement & Construction contract,which is valu
After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China b
Abu Dhabi Ports Company (ADPC) and Parsons International Limited have signed a consultancy contract for the first phase development of Marfa Port, Abu Dhabi. Following directions from the Abu Dhabi Government, ADPC tendered a contract for specialised consultants to develop Marfa Port. Parsons was se
Survey ship HMS Echo has discovered an underwater mountain the size of the Rock of Gibraltar as she sailed through poorly-mapped waters in the Red Sea. The ship came across the huge feature while searching for volcanoes on the seabed – and also located a WW2 wreck off the Libyan coast as her 19-mont
Global Information Inc. published the new market research report: The Liquefied Natural Gas (LNG) Market 2012-2022. New research puts the value of global investment in infrastructure for LNG on track to reach $35.8 billion in 2012, including all capital investment in the infrastructure required for
From 2012-2016 the LNG industry is forecast to grow by nearly 40%. A boom in demand in Asia is driving export markets in Australasia and by 2016 North America may become a significant export player, driven by growth in its shale gas production, offering substantial feedstock for the LNG industry. Th
Drydocks World, the most prolific shipyard in operation in the Middle East, announced the completion of maintenance work on Abu Dhabi-UAE based National Drilling Company’s (NDC) Jack-Up Cantilever type Self Elevating Drilling Platform, Delma, which was built in Brazil in 1983. Drydocks World has rep
The Board of Directors of the Association of International Petroleum Negotiators (AIPN) has published the 2012 version of its unified Model LNG Master Sale and Purchase Agreement (MSPA). “The 2012 version broadens the 2009 MSPA to address a variety of liquefied natural gas (LNG) trading arrangements
Turkey and Pakistan have asked for more gas imports from Iran, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. Addressing a conference on development of efficient and renewable energy technologies, he said that Turkey which currently imports 30 million cubic meter
On the afternoon of July 4, in the rough seas of the Gulf of Aden, EU Naval Force (EU NAVFOR) Italian Frigate Scirocco rescued a Comoros flagged supply vessel which had been adrift and in total black out for more than 13 hours. The entire operation lasted in excess of 24 hours and was […]
By means of regulation no. 267/2012 of 23 March 2012, EU has, inter alia, introduced a prohibition against carrying Iranian oil – and insurance hereof. The Council of the European Union has adopted regulation no. 267/2012 of 23 March 2012 on restrictive measures against Iran and repealing regulation
