Drydocks World and ADNATCO & NGSCO to Enhance Cooperation
Dubai, UAE, May 4, 2011: Drydocks World, the leading Dubai-based maritime service provider, and Abu Dhabi National Tanker Company & National Gas Shipping Company (ADNATCO & NGSCO), the shipping arm of ADNOC and its Group of Companies, reviewed ways of further strengthening their trade cooperation to stimulate oil and gas industry and trade in the Middle East. This was decided during a meeting between Khamis Juma Buamim, Chairman of Board of Drydocks World and Maritime World and Ali Obaid Al-Yabhouni…
DNV on OSV Tear in Middle East
"The high oil price has created a boom market for offshore support vessels and we expect the oil market will remain high for the foreseeable future,” said Eivind Grostad, DNV’s Senior Vice President & Regional Manager for DNV Maritime. According to the classification society, DNV Maritime has captured 50% of the Middle East and Indian market in classification of new vessels on order or being built. This figure represents 39% of the total tonnage of vessels currently operating in the region.
