DB Schenker Rail Polska is to invest EUR22.5 million (US$29.24 million) in the Baltic Sea Polish ports of Szczecin and Swinousjscie by expanding facilities in the addition of new wharfs and cranes by 2018 with the ports’ authority. DB Schenker Rail Polska CEO Hans-Georg Werner said the company would
Subsea 7, one of the world’s leading subsea engineering and construction companies has chosen BlueView Technologies to provide an acoustic imaging system for its new line of Autonomous Inspection Vehicles (AIVs). Under this agreement, BlueView will deliver both forward looking navigation and trackin
The proposed Sovereign Wealth Fund (SWF) to be set up to invest funds generated from the LNG project abroad will boost the country’s economy… [mappress] Source: eastwestcenter, July 30, 2010;
Seadrill has been awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig West Hercules by Husky Oil China Ltd. The estimated value of the contract extention is approximately US$90 million. The extention secures continued employment for the ultra-deepwater unit
Harbour Centre Port Terminal, Inc. plans to implement a P15-billion project to modernize North Harbour, its top executive said yesterday… By Neil Jerome C. Morales (bworldonline) [mappress] Source: bworldonline, July 30, 2010;
CGGVeritas announced today, at the proposal of FSI (Fonds Strategique d’Investissement) and the approval of CGGVeritas Board , that Mr. Denis Ranque will sit on the CGGVeritas Board of Directors on behalf of the FSI. Mr. Denis Ranque became a director of CGGVeritas on May 5th 2010, the date of the l
Petronet LNG Limited has achieved a net profit of Rs.111.37 crores, an increase of 8% in its net profit after tax compared to corresponding quarter of previous year due to increased efficiency in its operations. This is despite additional depreciation of Rs.20.52 crores and interest of Rs.25.70 cror
Ras Laffan dry dock will be operational by the year-end, Nakilat managing director Mohamed Ghannam has said… [mappress] Source: gulf-times, July 30, 2010;
The opposition to the P18.7-billion Laguna Lake dredging project has reached the provincial level with no less than the governor here opposing the project. Rizal Gov. Casimiro “Jun” Ynares, III, who is also member of the Laguna Lake Development Authority (LLDA) and a former LLDA head, said he is ser
The Land and Survey Department here has cancelled the Temporary Occupation Licence (TOL) issued to a local operator to carry out sand … (dailyexpress) [mappress] Source: dailyexpress, July 30, 2010;
Turkish petrochemicals producer Petkim is in talks with a Dutch terminal operating company to expand and operate the port of Aliağa, which… (todayszaman) [mappress] Source: todayszaman, July 30, 2010;
The dredging of Lake Decatur is set to begin again in September, but the project isn’t standing still until then, City Manager Ryan McCrady… By Kenneth Lowe (herald-review) [mappress] Source: herald-review, July 30, 2010;
The construction work of the first phase of the Hambanthota Port project is almost complete… (news) [mappress] Source: news, July 30, 2010;
A $13 million settlement has been reached between four parties and the United States to expedite cleanup of the contaminated Blackburn and Union… (prnewswire) [mappress] Source: prnewswire, July 30, 2010
