News

Rickmers-Linie, the Hamburg based operator of heavy lift and project liner services, has been selected by Spirit AeroSystems as its partner for the transportation of fuselage

HE Sultan Ahmed Bin Sulayem, Chairman, DP World, hosted Nigerian Minister of Transport, HE Senator Idris Umar, on a tour of DP World’s flagship Jebel Ali port.

The launching of Cutter Suction Dredger (CSD 500) took place at Al Jadaf Dockyard, Dubai on Sunday October 16, 2011.

Eidesvik Offshore has been awarded a Charter Party Contract by Lundin Norway AS for work on 4 wells with the platform supply vessel Viking Athene.

Just two and a half years after receiving its commissioning cargo from Qatar, the South Hook Liquefied Natural Gas (LNG) Terminal in Milford Haven, UK has received the 200th ship.

SILK Holdings Bhd announced on Friday that its subsidiary, Jasa Merin (Malaysia) Sdn Bhd, had accepted an award of contract extension by PETRONAS Carigali Sdn Bhd for the provision of one (1) Anchor Handling Tug Supply Vessel.

Chinese shipbuilders’ order backlog dropped significantly this year from the end of last year due mainly to prolonged global economic uncertainties, reports Yonhap News Agency citing government data revealed on Monday.

Chinese yard China Merchants Heavy Industry (CMHI) has recently signed an order for two jack-up rigs with Singapore-listed Falcon Energy Group (FEG) . The order includes options for two repeat rigs.

The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company’s research, development and innovation activities in several European countries.

With the number of cruise ship calls quadrupling in the last five years, Dubai is looking to expand its cruise terminal facilities.

Essar Ports Ltd, a unit of the $20 billion (̀̀̀̀̀̀̀̀98,400 crore) Essar Group, is seeking to develop a port in Mozambique as the conduit for the exports of iron ore from an affiliate’s mining assets in Zimbabwe.

Portugal’s government will invest US$3.43 billion in various infrastructures at the country’s five biggest ports, according to reports in local business daily Diario Economico,

Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA).

Houston's BPZ Energy said that it expects oil production to be flat next year, however it sees a "significant" boost in 2013 with the installation of a new platform at its offshore Corvina oil field.

A reluctance to invest in energy infrastructure in Middle Eastern and North African countries, partially because of unrest in the region, could drive up oil prices, an economist warned.

The next meeting of the Organization of Petroleum Exporting Countries may debate how to accommodate returning Libyan crude, a top Iranian oil official said.

Nymex Natural Gas prices have been on a downward slope since hitting a high of $5.1/MMBtu in June. In fact, the longer term trend has been negative after prices

Peruvian private investment agency ProInversión is due to concession Pisco region’s General San Martín port before the end of this year, Juan Carlos Zevallos, president of transport regulator Ositran, told BNamericas.

Golar LNG Limited announced today that, further to the announcement on October 6, 2011, that it has completed the sale of the companies that own the floating storage and regasification unit Golar Freeze to Golar LNG Partners L.P.

Danish shipping and ports group AP Møller-Maersk is preparing to expand its terminal capacity in Lagos to meet rapidly growing Nigerian import volumes.