Boluda Towage Starts Operations in Egypt
In January 2024, Boluda Towage commenced towage operations in the Egyptian Abu Qir’s container terminal with three tugs.Vicente Boluda Fos, President of Boluda Corporación Marítima, said, “Abu Qir is a port in full motion, and the port developments perfectly fit with the ambitions of the Boluda Towage Division. The presence in Egypt and the Middle East is a further step towards strengthening and expanding our global activities. We are proud to be part of the developments and that…
MV Kobi Ruegg Joins Fugro Survey Fleet
A 58-meter, multi-role survey vessel MV Kobi Ruegg has joined Fugro’s fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea. Working on behalf of Saipem, Fugro will deploy its large diameter piston core system to collect soil samples in the Zohr gas field; geophysical surveys for Pico and Shell will follow. Having previously operated in the Gulf of Mexico for Fugro, the three-year-old vessel has recently been renamed in honor of a former member of Fugro’s management board who passed away in March 2017.
Business Briefs
OPEC President and Venezuelan Energy Minister Ali Rodriguez dismissed another increase in crude oil output in July, quelling speculation that a recent price spike could pressure exporters to crank out more oil. Mexico's Energy Minister Luis Tellez, meanwhile, said the Wednesday summit of the oil trio -- the three engineers of a March 1999 producers' pact to restrict output and lift sagging prices -- would not produce any firm action. South Korea's Hyundai Engineering & Construction has won a $510 million order to build a container terminal in Hong Kong. Hyundai said it had been awarded the deal by a group of Hong Kong companies, including Modern Terminals Ltd. Work is to begin on May 12 for completion by October 2004.
