Business & Finance
Official Start of the New Suez Canal Project
Head of the Suez Canal Authority (SCA) Mohab Mamish and United Arab Emirates Minister of State Sultan Ahmed al-Gaber earlier this week gave the green light for the start of dredging works on the new Suez Canal project. Earlier this month, the heavy duty dredger of the National Marine Dredging Compan
Boskalis Raises 2014 Net Profit Outlook
Royal Boskalis Westminster N.V. has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. At Dredging the possible settlement of a number of old projects mentioned during the presentation of
Cost Efficient Dredging Solutions from X-Subsea
Continuous improvement to X-Subsea’s services resulted in a successfully tested ‘launch & recovery’ of a Scandredge – completed in one lift including hoses, rather than several separate lifts. The Scandredge is a standalone subsea dredger operated by customer’s divers or ROVs. This dredger effective
Saudi Maritime Congress Approaches
Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with a number of mega infrastructural land and sea projects planned and currently in progress, totaling US$ 30 billion within the government’s current five-year plan. To promote internal and foreign direct investment s
DRAGFLOW Presents New Cutterhead at Big 5
DRAGFLOW, a world player in solid pumping solutions with over 25 years of experience in manufacturing heavy duty pumps and complete dredging equipment, will be present at Big 5 Exhibition, the International Building and Constructor Show, (November 17 – 20) in Dubai World Trade Center, and will revea
Return of Transshipment Business to Aden
The giant container ship “Ever Logic” of Evergreen Shipping Line, with a length of 335 meters and a tonnage of 8452 TEU, berthed at the Port of Aden two days ago to discharge transit containers to neighboring ports. This visit is considered the beginning of regaining container transshipment business
Highlights of the Week – Readers’ Choice
NMDC Dredger Al Mirfa Enters Suez The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’. Dutch, Egyptian MoU Signed Egypt and the Netherlands have signed [&h
ANB, Huta Marine Sign KAP Deal
Arab National Bank (ANB) and Huta Marine Works have inked a loan agreement in the amount of $692.8 million, under which ANB will finance the construction and development of the King Abdullah Port project in Saudi Arabia. According to Robert Eid, managing director and CEO, “This deal is part of the b
NMDC Dredger Al Mirfa Enters Suez
The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’. Dignitaries from Egypt, United Arab Emirates, Netherlands and Belgium celebrated the arrival of the vess
Acta Marine DP Multicats Perform Well
Acta Marine’s latest fleet addition, the DP1 Multi purpose vessel Coastal Chariot, recently completed a cable lay project in the UK. The vessel was deployed for the cable lay of various fiber optic cables in shallow waters. The large deck space, combined with its shallow draft and its excellent mane
Highlights of the Week – Readers’ Choice
Dredger Incident Prompts RNLI Rescue Mission Aberdeen Coastguard received a request early on Saturday morning, which prompted the rapid response of Invergordon Lifeboat to attend an incident in the Cromarty Firth. News in Photos: Boskalis on the Cowes Project Construction of the new detached break
IADC: Dredging in Figures 2013
International Association of Dredging Companies (IADC) has just published its Dredging in Figures, an annual review of the global dredging market. The document focusses on the global dredging and maritime construction industry in 2013. The IADC aims to be thorough and precise in the figures presente
VIDEO: Offshore Energy 2014 Day Two Highlights
Offshore Energy, the fastest growing gathering of offshore industry professionals, is breaking records year after year with more than 600 exhibitors present in 2014. The two-day event was opened by Dr. María de Lourdes Melgar Palacios, Under Secretary of Hydrocarbons of Mexico, joined by Pieter van
Prime Minister at Ashdod Port Ceremony
China Harbour Engineering Company (CHEC) today held a groundbreaking ceremony in Ashod marking the beginning of construction of Israel’s new port project. The ceremony was officiated by Prime Minister Benjamin Netanyahu and other State dignitaries. Speaking at the ceremony in southern Ashdod, Prime