Abu Dhabi Ports Try to Lure Chinese Businessmen
Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa Port and Kizad at an exclusive business event in Abu Dhabi. Organised by Abu Dhabi Ports in association with the Embassy of the People’s Republic of China to UAE and the Chinese Business Council, the invitation-only event for Chinese businessmen attracted over 80 top Chinese businessmen from across the UAE.
DP World to Manage Somaliland Port for 30 Years
DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported. DP World signed a US$442 million agreement with the government of Somaliland to develop and operate a regional trade and logistics hub at the Port of Berbera. Under the terms of the deal, the newspaper citing a person who has seen the document…
Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding
Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million. It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently under construction. Off Qatar and Saudi Arabia, Mermaid's western hemisphere business unit won seven subsea projects with an estimated aggregate value of US$11 million.
Korean Shipbuilder Could Be Liquidated
South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ. According to multiple sources from the shipbuilding industry, creditors and STX Offshore & Shipbuilding have decided to put Goseong Offshore & Shipbuilding under court management early next month and have begun taking necessary steps.
Oman Shipping Makes Profit
Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by Oman News Agency saying that achieving significant profit came as a result of the good performance of the operations of the company’s business in general. "The profit is a result of an improvement in the rental market of giant oil tankers (as a result of the decline in world oil prices ) resulting from the increase in oil supply in global markets…
Seized Hanjin Shipping Vessel Resumes Operation in South Africa
Hanjin Paradip resume its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees. The vessel in 82,158 deadweight tonnage (DWT) was used to carry grain and minerals. “We agreed with the ship owner that the normal vessel operation is the most important for interests of the both parties,” Hanjin said, without specifying the owner’s name.
Wedding Cruise Ship Runs Aground in Boston
The Boston Harbor Cruises' Majesty ran aground in Boston Harbor on Saturday. All 137 passengers were unharmed and transferred to the Asteria, another Boston Harbor Cruises vessel, according to the U.S. Coast Guard. One couple's wedding reception was going aboard as the boat turned into disaster when their vessel ran aground. New husband Jamie Stern said the guests were just finishing dinner around 7 pm when the celebration came to a halt as the ship neared Georges Island.
APM Terminals Bahrain Push for Safety, IT systems
Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance and information technology systems, including the successful completion of a Load Collision Prevention System (LCPS) pilot project scheduled to be implemented throughout the APM Terminals Global Terminal Network. “Our HSSE, Terminal…
Wärtsilä Electrical Systems for SIEM RoRo Ferries
Wärtsilä has been awarded the contract to provide integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft (FSG) yard in Germany. The electrical systems to be delivered include all products and services available from Wärtsilä SAM Electronics. The vessels are contracted by SIEM RoRo Carriers Ltd., and two will be chartered to Denmark's DFDS and two to EKOL of Turkey.
CMA CGM Intends Offer to Acquire NOL
Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.A.