Delek Group said that it revenues in 2011 were NIS 59.2 billion, a 38% increase compared with NIS 42.8 billion in 2010. Net income in 2011 totaled NIS 2.6 billion, a 53% increase compared with net income of NIS 1.7 billion in 2010. Operating profit in 2011 totaled NIS 1.6 billion, a 32% increase com
On the 26 March 2012, the EU Naval Force Flagship ESPS Patino located a Yemeni registered dhow that was suspected of being involved in acts of piracy off the Somali coast. The previous day a merchant vessel had reported that it had evaded an attack by two skiffs. As she was close by, ESPS Patino [&h
DP World today announces strong financial results from its global portfolio of marine terminals for the twelve months to 31 December 2011, delivering a better than expected profit for the year, after separately disclosed items, of $751 million, 67% ahead of last year. Highlights – Consolidated volum
Abu Dhabi Ship Building, the shipbuilder and naval support services provider in the Gulf region and a strategic affiliate of Mubadala, has announced that it is stepping up its focus on maintenance, repairs and overhauling services, which has been one of the fastest-growing business divisions of the
Environmental protection ministry will set up initial tenders in a few weeks for dredging sledge pools of the Kishon river, Haaretz.com reports. They believe that the river is contaminated by the oil refineries, chemical plants and factories. The plan is to divert the course of a 500-meter stretch a
Despite the legal grey area that surrounds floating armouries, they may be permitted if private maritime security companies prove they can fulfil licensing requirements. One PMSC told Lloyd’s List that almost all companies operating in the Gulf of Aden use “flotels” to store weapons, equipment and m
Qatargas participated in the Annual Qatar Process Safety Symposium held in Doha recently. The event titled “The Importance of Leadership Commitment in Making Safety a Core Value” was co-hosted by Texas A&M Qatar (TAMUQ) and Conoco Phillips Qatar. Toufik Benmosbah, Qatargas Chief Safety, Environment
Nabil Al-Bouenain, executive director of the New Port Project, said that Qatar intends to award three tenders this year for the construction of the country’s new port, with the estimated cost of QR27bn ($7.4bn), according to Arabian Business. So far 17 projects are planned for the upcoming years and
Qatargas plans to shut all three trains at the Qatargas 1 project in the third week of April for three weeks for maintenance. “This is a normal planned shutdown,” chief executive of Qatargas, Khalid bin Khalifa al-Thani told Reuters. Qatargas 1 consists of three onshore LNG trains with a total combi
As of 23 March 2012 the Counter-Piracy force of the European Union (EUNAVFOR) which normally includes between 4 and 7 warships patrolling the Gulf of Aden and Horn of Africa will be joined by two new warships of the French navy; Frigate FS GEORGES LEYGUES and Amphibious Assault Ship FS DIXMUDE. FS G
In line with its commitment to constantly improve operational efficiencies for customers, global marine terminal operator DP World has introduced 3G internet service for container liner operators calling at its flagship Jebel Ali Port. Jebel Ali is among the first global ports to offer this vital co
Gulf Petrochem Group, a player in the global oil space, has announced that the first phase of its 1.2 million cubic meter storage terminal project in Fujairah is on track for completion in September 2012. Gulf Petrochem’s Fujairah storage terminal consists of 112,233 sq meter acres, which include up
Multi Cat 1506, a Damen multi-purpose work vessel constructed for the dredging industry, has reportedly been loaded onboard the HR Intonation, an 11,872-deadweight-ton time charter from Belgian heavy-lift carrier OXL, at the Port of Zeebrugge. The 15.5-meter SWCC-2 Multi Cat is designed for towing,
Qatargas plans to shut at least two of three trains at the QatarGas 1 project in late April for 13 to 23 days for maintenance. QatarGas will also shut its fourth train, part of QatarGas 2 project, in September for more than a month, Bloomberg reported, citing unnamed sources. The company is the larg
