The Saudi Trade and Export Development Company (Tusdeer) has signed the civil works contract with China Harbour Engineering Company to build the Red Sea Gateway Terminal at Jeddah Islamic Port. This is the first build-operate-transfer (BOT) container terminal project in Saudi Arabia and will be capa
Sydney consortium of marine terminal owners and operators has no intention of letting a master plan for the port gather dust on a shelf. The $380,000 plan, prepared by TEC Inc. of Charlottesville, Va., will be made public in early January and the consortium has every intention of acting on its recom
Continuous innovation is one of Atlas Copco’s commitments to customers. The third generation of GX 7-11 compressors is the latest example. The new GX 7-11 series is efficient, has a very low noise level and is available in six different voltages.
Christophe de Margerie, Chief Executive Officer of Total, and Mohamed Meziane, Chairman and Chief Executive Officer of Sonatrach, today signed a framework agreement to build a petrochemical complex in Arzew, near Oran.
SMIT has reached agreement with a consortium of banks regarding an unsecured committed senior credit facility of EUR 200,000,000. The consortium consists of Fortis (Coordinator), ABN AMRO, ING Rabobank, DBS and Banque Artesia.
Ship Finance International Limited, today announced the agreement to sell its two remaining suezmax tankers with double sides but only single bottom. Front Birch and Front Maple (both vessels built in 1991) are sold to unrelated third parties, and deliveries to the new owners are expected to take pl
Indira Container Terminal, a special purpose vehicle (SPV) incorporated by the consortium of Gammon and Dragados S.P.L, signed the licence agreement with Mumbai Port Trust for developing the Mumbai offshore container terminal project.
We are pleased to announce that Vroon has ordered four 92,500 DWT bulk carriers at Cosco’s Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and 2010.
Van Oord has been awarded a contract to carry out dredging work in Map Ta Phut on the east coast of Thailand. The contract value amounts to some EUR 53 million. The client is PTT LNG Company Ltd. Project execution has already commenced and the work is scheduled to be completed in April 2009.
The specialist marina investment company said it has another 23 superyacht berths which it presently intends to release for long term licensing in phases over the coming years.
The first edition of the Transatlantic Maxi Yacht Rolex Cup sees Morten Bergesen’s Nariida (NOR), a Wally 105 launched in 1994, leading the fleet of seven maxis across the Atlantic Ocean. The Maxi Yachts left Tenerife in the Canary islands on 26th November at 13.00 UTC with the final destination of
Keppel Offshore & Marine Limited (Keppel O&M), a wholly owned subsidiary of Keppel Corporation Limited, celebrated its fifth year with a strong net orderbook of over S$13 billion, including above S$7 billion of new contracts secured year-to-date.
An attempt to refloat a bulk carrier that ran aground in the Gladstone Harbour in central Queensland was abandoned early last night. A spokesman for the salvage company says five tugs and 30 people tried to refloat the 75,000-tonne ship at about 5pm AEST on Monday.
CNI hosted a couple of fun events during the Fort Lauderdale Boat Show, including the annual Captain’s Dinner, held once again at Chima on Las Olas Blvd, in association with Bank of America. Global Marine Travel (GMT) graciously donated an air ticket for a raffle that was won by Captain Andre Peens
