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Business & Finance

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UK: Orkney Islands Council Urges Talks About Cable Upgrade Delay
Business & Finance

UK: Orkney Islands Council Urges Talks About Cable Upgrade Delay

Orkney Islands Council is calling for urgent talks with ministers after the announcement about the delay of cable upgrade from Orkney to Caithness until 2018, Herald Scotland reports. According to SSE, the cable linking wave, wind and tidal developments to the mainland will be completed in 2018 at t

about 13 years ago
Germany: Warnemunde Expects Record of Port Calls for New Year
Business & Finance

Germany: Warnemunde Expects Record of Port Calls for New Year

Ulrich Bauermeister, managing director of Rostock Port Development Company, states that Warnemünde remains the most popular German cruise port also in 2013. The company operates the passenger port at the mouth of river Warnow since 2001 and has continuously developed it ever since. A new record of p

about 13 years ago
Sovcomflot Opens Training and Engineering Centre for Projects in Arctic
Business & Finance

Sovcomflot Opens Training and Engineering Centre for Projects in Arctic

On 22 December, 2012, OAO Sovcomflot held a grand opening ceremony for its new training & engineering centre (TEC) in Saint-Petersburg. This unique centre will provide special training for the company’s captains and senior officers in preparation for navigation in the challenging climatic conditions

about 13 years ago
Sovcomflot Opens New TE Centre (Russia)
Business & Finance

Sovcomflot Opens New TE Centre (Russia)

On 22 December, 2012, OAO Sovcomflot held a grand opening ceremony for its new training & engineering centre (TEC) in Saint-Petersburg. This unique centre will provide special training for the company’s captains and senior officers in preparation for navigation in the challenging climatic conditions

about 13 years ago
Sovcomflot Opens New Training & Engineering Centre for Projects in Arctic
Business & Finance

Sovcomflot Opens New Training & Engineering Centre for Projects in Arctic

Recently OAO Sovcomflot held a grand opening ceremony for its new training & engineering centre (TEC) in Saint-Petersburg. This unique centre will provide special training for the company’s captains and senior officers in preparation for navigation in the challenging climatic conditions of the Arcti

about 13 years ago
Intercargo Expresses Worry About MARPOL Annex V Implementation
Business & Finance

Intercargo Expresses Worry About MARPOL Annex V Implementation

Intercargo, representing the interests of dry bulk shipowners and operators, has found a general lack of information and understanding concerning important changes to MARPOL Annex V for port reception facilities that enter into force on 1 January 2013. The new requirements, which will place addition

about 13 years ago
Saudi Arabia: Bahri Cancels Chemical Tanker Order
Business & Finance

Saudi Arabia: Bahri Cancels Chemical Tanker Order

The National Shipping Company of Saudi Arabia (Bahri) announces that its 80% owned subsidiary company National Chemical Carriers Ltd. Co. decided today Monday, 11/2/1434H, corresponding to 24/12/2012G to cancel a shipbuilding contract for one chemical tanker (NCC Bader) due to the delay in delivery

about 13 years ago
Four Crew Members Kidnapped Off Nigeria
Business & Finance

Four Crew Members Kidnapped Off Nigeria

Four crew members have been kidnapped off Nigeria’s coast from an Italian platform supply vessel. Armed pirates have attecked the vessel MV Asso Ventuno, operated by Naples-based Augusta Offshore, on Sunday evening about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirates armed with

about 13 years ago
UK: Northern Isles Grid Connection Upgrade Delayed
Business & Finance

UK: Northern Isles Grid Connection Upgrade Delayed

Scottish Hydro Electric Transmission, part of the SSE energy group, announced the delay of the grid connections between Orkney and Shetland until 2018, BBC informs. With this move Scottish Hydro Electric Transmission raised questions over the Scottish government’s Saltire Prize. This decision may pr

about 13 years ago
China: CCCC Second Harbor Lands Zhenjiang Port Deal
Business & Finance

China: CCCC Second Harbor Lands Zhenjiang Port Deal

On December 7, CCCC Second Harbor Engineering Co., Ltd. won the bid for Section SG-1 of the ship & port logistics terminal project in Longmen zone of Zhenjiang Port in Jiangsu Province, with a contract value of 120 million yuan and a construction period of 9 months. Located in Dantu District, Zhenji

about 13 years ago
First Fuel Shipment Delivered by Sea at Khalifa Port (UAE)
Business & Finance

First Fuel Shipment Delivered by Sea at Khalifa Port (UAE)

The anchor tenant of Khalifa Industrial Zone Abu Dhabi (Kizad), Emirates Aluminium (EMAL) has received its first shipment of fuel delivered by sea at its dedicated berth at the adjacent Khalifa Port. The fuel, pumped through an EMAL pipeline to storage tanks, will be used as a back-up supply to ensu

about 13 years ago
Mermaid Maritime Announces Positive Results (Thailand)
Business & Finance

Mermaid Maritime Announces Positive Results (Thailand)

Mermaid Maritime Public Company Limited (“Mermaid”) reported net profits of Baht 86.0 million in the financial year that ended on 30 September 2012 (“2012”), the first positive result since 2009. Net profits increased 153.3% compared to net losses of Baht 161.3 million in the financial year that end

about 13 years ago
Tieshan Port Development Plan Makes Progress (China)
Business & Finance

Tieshan Port Development Plan Makes Progress (China)

Recently, CCCC First Harbor Engineering Co., Ltd. and CCCC Fourth Harbor Engineering Co., Ltd. have respectively won the bid for Section II and I of the hydraulic works of Berth 1 and 2 in Shitoubu operation zone of Tieshan Port in Beihai, Guangxi, with a total contract value of 292 million yuan. Th

about 13 years ago
Essar Ports – Lone Bidder for Chennai Port Project (India)
Business & Finance

Essar Ports – Lone Bidder for Chennai Port Project (India)

Essar Ports has offered a revenue share of 5.25 per cent for the Rs 3,700-crore mega container terminal project at Chennai port, slightly above the 5 per cent Adani Ports offered in the earlier bid, according to thehindubusinessline.com. A senior Chennai Port Trust (ChPT) official stated that Essar

about 13 years ago
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