For most companies and container types, demurrage fees are close to USD 100 per container and per day.
The funds are intended for a fleet of 34 Polsteam bulkers.
The market picture and developments at Royal Boskalis Westminster N.V. for the first three months of the year are in line with the expectations outlined at the publication of the 2018 annual results, reported the company today. The first quarter has progressed in line with this expectation. Accordin
Beach Energy has awarded Baker Hughes, a GE company (BHGE) a contract to supply subsea production systems for its Victorian Otway Basin development project located in offshore Victoria, Australia. The contract was awarded in the first quarter of 2019 and includes medium water horizontal Xmas trees a
With immediate effect and for a period of approximately 3 months, dredging operations will be carried out off Kwun Tong Typhoon Shelter, the Hong Kong Marine Department (MARDEP) said in its latest announcement. The works will be carried out by a flotilla of vessels including one dumb lighter, one ba
3sun Group is set to mobilize its teams to support MHI Vestas during turbine installation at the Deutsche Bucht offshore wind farm. According to the UK company, offshore installation and completion teams will shortly be mobilizing for the 269MW project. Deutsche Bucht comprises 33 MHI Vestas 8.4MW t
PCCW Global and Telecom Egypt recently signed a landing party agreement in Beijing. This agreement will enable the Pakistan & East Africa Connecting Europe (PEACE) cable system to land and cross Egypt, effectively linking Asia, Africa and Europe with a 12,000km ultra-low latency high-speed cable sys
Russia’s Sovcomflot secures loan to finance its two next-generation LNG carriers.
Alcatel Submarine Networks (ASN) has finalized the cable route study and mobilized the marine survey vessel for the EllaLink submarine cable system. The survey will be performed over the coming months and permit acquisition continues in line with EllaLink’s plans to be Ready for Service by the end o
Eng. Yasser Zaghloul, Chief Executive Officer of National Marine Dredging Company (NMDC), has been recently interviewed by Marasi News and he said that the company developed and expanded its portfolio of projects and operations throughout 2018 and into 2019. In this exclusive interview, Zaghloul cla
Norwegian shipping and tank terminal company Odfjell narrows its quarterly loss.
Production optimisation specialist Enpro Subsea said it plans to double its global sales by 2021. The business, which has supplied more than 50 of its subsea Flow Access Modules (FAM) since the product was launched 2016, aims to increase sales by a further 100% over the next two years. Enpro said it
Siemens will add its 59% stake in Siemens Gamesa Renewable Energy to the Gas and Power division spinoff which will be managed separately. The new Gas and Power division ”is to be given complete independence and entrepreneurial freedom through a carveout and a subsequent public listing”, Siemens said
Global Wind Service (GWS) is set to provide offshore installation technicians for the turbine installation at the Deutsche Bucht offshore wind farm in Germany. The Denmark-headquartered company will begin supporting MHI Vestas during the installation of 33 8.4MW turbines beginning from June. In addi
