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ABB wins UAE Order for Solar Power Grid Integration
ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power…
Schlumberger Debuts StingBlade Bit
Smith Bits, a Schlumberger company, announced today the introduction of StingBlade* conical diamond element bit. StingBlade bits increase run length and rate of…
Tanzania: China-Funded Port Work Starts in 2015
Construction of a Chinese-funded port and special economic zone in Tanzania worth at least $10 billion will start in July 2015, the president's office said in a statement on Monday…
Pirates Launch Renewed Attacks in Nigeria's Oil Delta
Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting at least nine people…
Multiple Pirate Attacks in Nigeria's Oil Delta
Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting at least nine people…
Liberian Registry Backs IMO’s Ebola Advice
The Liberian Registry has come out in full support of the International Maritime Organization’s recommendation that there should be no general ban on international…
Leighton Reports Q3 UNPAT up 21%
Leighton Holdings Limited today announced its unaudited results for the nine months to 30 September 2014. Executive Chairman and Chief Executive Officer, Mr Marcelino Fernández Verdes…
Tanzania Talks with Total, BP on Hydrocarbon Exploration
Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.
Commander, U.S. Naval Forces Visits Souda Bay
Adm. Mark Ferguson, commander, U.S. Naval Forces Europe-Africa, visited U.S. Naval Support Activity (NSA) Souda Bay, his first visit since taking command in July.
ABB's 25th Year in Dubai
ABB Turbocharging is celebrating its 25th anniversary in UAE. Established in 1989 in Dubai, ABB has grown to become a fully-fledged service station capable of carrying…
UN: Ship Inspections near Somalia for Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move. The resolution, adopted by the 15-member council with 13 votes in favor, approves the use of "all necessary measures" - diplomatic code for military force - to carry out such inspections.
UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday…
DP World Receives 1st Scheduled Vessel at New Terminal
DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.
Foster Wheeler & MDM Engineering Merged
Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)…
Caterpillar: Q3 Results Show Improvement
Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.45. The third quarter of 2014 included a negative impact of $0.09 per share for restructuring costs. Excluding restructuring costs, third-quarter 2014 profit per share was $1.72. Third-quarter 2014 sales and revenues were $13.549 billion, up from $13.423 billion in the third quarter of 2013.
Containers, Cruises Help Boost Marseilles Fos
Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year. The performance - driven by a 9% rise at the Fos 2XL deep sea terminals - was two points better than the trend at other French ports, the port authority said. Container tonnage contributed 8.5 million metric tons to the general cargo total of 13.3MT…
Wärtsilä Expects 5% Sales Growth
Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. Wärtsilä estimates its profitability for…
EUCAP Nestor Train 30 Somali Coast Guards
On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring…
ISS Manages Heavy-lift Project at Port of Mombasa
Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was appointed as port and discharging agents for the COSCO-owned MV DADE, which arrived at the port in September 2014 with seven RTG cranes on-board. The cranes which were commissioned by the Kenya Ports Authority represent the first stage of the upgrade…
Weak Oil Threatens US Export of LNG
Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have…