A Beirut developer planning an $8-billion artificial island off Lebanon says it is not worried by the debt debacle of Nakheel, the real estate developer behind Dubai’s similar man-made Palm Islands that revealed last week it needs more time to pay it debt… Source: Maktoob, December 3, 2009
Saipem’s semi-submersible pipelay vessel, Castoro Sei, is undergoing repair and modification works in the Netherlands… Source: Pipelines Int., December 1, 2009;
MP for Beverley and Holderness, Graham Stuart, has been granted an adjournment debate in the House of Commons… Source: Politics.co.uk, November 30, 2009;
As part of the project Port Baltic Iron and Steel Terminal has begun construction of 1st phase of the terminal in the commercial port of Ust-Luga, Leningrad region… Source: SteelGuru, November 28, 2009
The two Belgian dredge contractors which built the Palm Islands and other prestigious projects have still tens of millions of euros to invoices outstanding with Dubai World and its ailing subsidiaries in the project. It’s are DEME and Jan De Nul Dredging… Source: De Morgen, November 27, 2009;
The government of Maldives has obtained a loan of 34.5 million Euro from a Dutch bank to develop harbors in three islands… Source: Miadhu News, November 26, 2009
ROTTERDAM – Bert Groothuizen, spokesman of Dredging company Van Oord said Thursday that they are not affected by the financial turmoil around Dubai World, the state owned project developer… Source: De Financiele Telegraaf, November 26, 2009
AMSTERDAM – Royal Boskalis Westminster nv is not active in Dubai and is therefore not affected by the current financial problems in the country, said a spokesman from the dredging contractor Thursday… Source: Financieel Dagblad, November 26, 2009
Work on the deepening of Liepaja Port has begun, LETA was informed by the Liepaja Special Economic Zone’s public relations specialist Liga Ratniece-Kadege. The work is being carried out by Belgian company Dredging International N.V… Source: Baltic Zone, November 25, 2009;
Shipbuilder IHC Merwede BV closes in mid March 2010 the slope of the former Merwede Shipyard in Rivierdijk Hardinxveld-Giessendam indefinitely… Source: Het Kompas, November 24, 2009
The removal of underwater mines by exploding them starts in the Finnish Gulf along the route of the North Stream gas pipeline… Source: RZD-Partner, November 23, 2009
Following a hostile takeover, Smit’s salvage business will remain in the group for three years. But what then?… Source: Fairplay, November 19, 2009
