Nigeria’s high court has ruled that the government illegally revoked exploration licences granted to a South Korean oil consortium. The Korea National Oil Corporation (KNOC) had filed an action demanding the restoration of two offshore licences, granted in 2005. Nigeria called off the deal in Januar
The Nile Delta is under threat from rising sea levels. Without the food it produces, Egypt faces catastrophe. More: Guardian
Iwi are concerned about the environmental impact a plan to dredge Tauranga Harbour will have on centuries-old shellfish beds… More: New Zealand Herald
Melbourne’s status as Australia’s largest and most competitive container port will be cemented when a major dredging project is completed later this year, the state government says. But environmental activists are asking at what cost… More: Hellenic Shipping
OFFICIALS have been telling us for months that the Severn Sands, an abandoned dredger near the Fremington Quay tourist spot, was an eyesore and an ecological disaster waiting to happen… More: This is North Devon
All Eimskip’s unsecured creditors have now voted in favour of the composition proposal, which was therefore approved. Eimskip states that it will “preserve the company’s operations and safeguard 1,500 jobs”. The next step for the company is to submit a written petition for confirmation of the compos
The European Court of Human Rights has decided that the Russian state must pay EUR 2,500 per person to 32 dock workers in Kaliningrad. The case came before the court because Kaliningrad Sea Commercial Port had been accused of discrimination by the Russian Dock Workers’ Union’s local branch in Kalini
According to an August 18 report from China Knowledge, China’s shipbuilding enterprises received new shipbuilding orders totaling 4.1 million dead weight tons in July, accounting for nearly 70% of the world’s total, according to statistics released by the China Association of the National Shipbuildi
A yacht with two crew which sparked a rescue operation in the North Sea has been safely towed to safety. Peterhead lifeboat went to the 36ft yacht Anga’s aid after losing her mast in rough seas 75 miles off the coast on Wednesday morning. The yacht was taken under tow and arrived in Peterhead about
The price of oil rose by more than $3 to settle above $70 a barrel after a surprise drop in crude imports and inventories in the US. US crude stockpiles plunged by 8.4 million barrels as imports hit the lowest level since September 2008, the Energy Information Administration said. US crude settled u
Aquamarine Power recently completed the first phase of installation of its Oyster device at the European Marine Energy Centre (EMEC) in Orkney. The 194-tonne device was lowered onto a seabed subframe and bolted in place at the EMEC. The next phase of the project will be to connect it to subsea pipel
Heerema Fabrication Group (HFG) announces that Heerema Zwijndrecht, one of its operating companies, has been selected as the nominated subcontractor for the fabrication, delivery and installation of the Panama Canal lock gates. On 18 August the Panama Canal Authority (ACP) signed the contract with t
Subsea 7 Inc (OSE Symbol: SUB), one of the world’s leading subsea engineering and construction companies, today confirmed that the announcement made on July 6th 2009 for a pipeline engineering, construction and installation contract in Angola, offshore west Africa is for a gas export pipeline (GEL)
Royal Boskalis Westminster N.V. realized a net profit of € 102.7 million in the first half of 2009. In the first half of 2008 the company realized a net profit of € 110.0 million, excluding a non-recurring gain relating to the W.D. Fairway (€ 92.0 million). Boskalis benefited from its broad, well-fi
