DP World Limited handled 14.2 million TEU (twenty-foot equivalent units) across its portfolio of container terminals in the third quarter of 2012. This was 1% lower than the same period last year reflecting the divestment of three joint venture terminals and a decline in volumes in the Europe, Middl
Sonardyne International Ltd. announces that it has won the Marine Technology Society’s (MTS) 2012 Compass Industrial Award. Presented at the annual MTS Awards Luncheon at the Oceans 2012 MTS/IEEE conference in Virginia, this prestigious award recognises the contribution Sonardyne has made over the l
The observance of “Vigilance Awareness Week – 2012” has commenced in the corporate headquarters of Dredging Corporation of India Limited. The Commissioner of Police Shri J. Purnachandra Rao, IPS in his inaugural address has emphasized the need for blending character and excellence in business manage
WIND and Oceanteam Shipping have announced the establishment of their new joint venture OceanWind Cable Storage Solutions. OceanWind aims to facilitate the submarine cable industry by offering its clients a full and integrated range of services comprising cable storage, cable handling, and cable tra
The business of major British work boat company South Boats Special Projects Limited has been sold out of administration – saving a significant number of jobs on the Isle of Wight. The leading manufacturer of service vessels for the offshore wind power industry, which is based out of Cowes on the Is
Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has received approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Bøyla field in PL 340, in the Norwegian North Sea. First produ
American Electric Technologies, Inc., a leading global supplier of power delivery solutions for the energy industry, announced today that it has been selected by Energy Development Corporation (China), Inc., a subsidiary of Noble Energy Inc., and Sinopec Beijing Cheng Dao Xi (CDX), to provide turnke
Endeavour International Corporation announced that the company has been awarded 7 new licenses, covering ten exploration blocks in the U.K. North Sea. The blocks, awarded in the 27th Licensing Round conducted by the Department of Energy and Climate Change (DECC), are located around Endeavour’s core
DP World Chairman HE Sultan Ahmed Bin Sulayem yesterday welcomed progress on the expansion at Jebel Ali Port, which includes the brand new $850 million Terminal 3, saying it was crucial in supporting the growth of Dubai and the wider Middle East, Africa and Subcontinent region. Mr Bin Sulayem’s comm
Adira Energy Ltd. has entered into a series of agreements to farm out 5% of its working interest in its Gabriella license, 10% of its Yitzhak license, and 10% of its Samuel license to reduce the Company’s future financial commitments on the licenses. 2.5% of Adira’s working interest in Gabriella wil
The Flemish government and the port authorities of Antwerp, Zeebrugge, Ghent and Fluxys have published a feasibility study on LNG bunkering. DNV provided a market forecasting study, a regulatory analysis and modelled the LNG supply logistics. The Flemish government is now acting on DNV recommendatio
CARIS announces the release of CARIS Easy View 4.0, a freeware data viewer for 2-D and 3-D data. CARIS Easy View 4.0 replaces the popular CARIS Easy View 2.0 which has been downloaded by thousands of professionals and students. CARIS Easy View allows users to view spatial data from a wide range of f
Vessel operating costs are expected to rise by 3.0 per cent in both 2012 and 2013 according to a new survey by international accountant and shipping consultant Moore Stephens. Lube expenditure and crew costs are the categories most likely to produce the highest levels of increase. The survey is base
Endeavour International’s today announced that J. Michael Kirksey has submitted his resignation, effective immediately, as Executive Vice President and Chief Financial Officer, in order to spend more time in other areas of interest. “We appreciate Mike’s dedication to Endeavour and his leadership in
