Aker Solutions has ended the process to acquire the Dubai-headquartered oil services company NPS Energy.Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. The agreement was conditional upon a series of…
The National Shipping Company of Saudi Arabia ('Bahri' )named by Euromoney as the best managed in the transport & shipping sector, 2012.Bahri was ranked first before all transport and shipping companies in the Middle East. The award…
Kuwait invests $1.2 billion in bid for Northern Gulf gateway for new port facilities as regional market competition intensifies.A recent World Bank report ranked Kuwait in 36th place out of 155 countries in terms of the movement of goods and services through its ports…
WISTA (Women’s International Shipping & Trading Association) UAE Chapter announce forthcoming meeting, port tour.WISTA is an international organisation for women in management positions involved in maritime transportation business and related trades…
Grandweld Shipyards delievered “Zamil 101” the first of three fast aluminum crew boats to Zamil Offshore. The vessel was part of a contract, which was signed in November 2011, to build and deliver three sister crew boats. The 33.5m fast…
1 Engineering & Manufacturing (1EM) develops compact Saturation Diving System (SAT) for Dulam International of Dubai.After three months of internal design work that utilized the company’s years of experience in building 10 large-scale Saturation Diving Systems (SAT Systems)…
Mermaid's Subtech Qatar Diving & Marine Services unit wins US$ 25-million contracts from international upstream oil & gas operator. This contract will be performed utilizing Mermaid’s specialized DP Barge ‘Mermaid Siam’ and its associated…
McDermott awarded North Dome and PDM projects for Saudi Aramco in the Abu Safah, Marjan and Safaniya fields in the Arabian Gulf.The two projects consist of six topsides and a bridge that connects to the existing Marjan facilities. In addition…
Following Bahrain's 2012 IMO World Maritime Day Parallel Event, Mr. Sekimizu received US$50,000, from ASRY towards IMO’s maritime security activities.The cheque from local shipbuilding and repairers ASRY was presented by Daij Bin Salman Al Khalifa…
Industry rofessionals will confer at ‘MASTECH 2013’ on naval architecture, shipbuilding, oil & gas during the Gulf Maritime Trade Fair in UAE.For the second consecutive edition, MAST the Middle East Alumni of Ship Technology and Expo Centre Sharjah…
Globe Express Services (Overseas Group) opens terminal yard in Dammam to complete logistics facilities in Jeddah & Riyadh.The company's Dammam Terminal Yard, is a 23,000 sqm facility that includes an open storage area, warehouses, and office…
Decision made: ASRY, Bahrain, to scrap 'Stolt Valor, seriously damaged by explosion & fire in the Arabian Gulf in mid-March 2012.The 2004-built 25,268dwt chemical tanker arrived at the yard under tow at the end of June, following a major salvage operation carried out by Holland’s Smit…
Grandweld Shipyards' new facility inaugurated in a ceremony at its location in Dubai Maritime City.Over the years, the company has experienced a rapid growth necessitating expansion to a larger facility. In 2011, Grandweld invested approximately…
Lamprell, provider of diversified engineering & contracting services to the onshore and offshore oil & gas industries makes sweeping Board changes.Nigel McCue is standing down as Chief Executive and as a director of the Company. Peter Whitbread…
'FSO Africa', owned by TI Africa, on long-term contract to Maersk Oil Qatar (MOQ) for services on the Al Shaheen Field.The contract has a fixed duration of five years from 1 October 2012 with an option granted to MOQ to extend the contract period for either one or two years…