UAE-based offshore builder Lamprell has received a letter of intent from its Saudi Arabian joint venture International Maritime Industries (IMI) to supply two jackup drilling rigs to an end client of IMI. The rigs will be built collaboratively between the IMI and Lamprell. The two companies are in...
https://splash247.com/lamprell-chosen-for-two-newbuild-jackup-rigs/
Dubai-based seismic specialist Polarcus has been awarded a contract for an XArray marine seismic acquisition project in West Africa. Work will commence in the first quarter of 2019, and is expected to take around two months. Polarcus says its fleet is 90% booked for the first quarter of 2019.
https://splash247.com/polarcus-awarded-seismic-contract-in-west-africa/
An intelligent multi-storey container park has been developed by terminal operator DP World and German engineering company SMS. The revolutionary design will be built at DP World’s flagship Jebel Ali Terminal 4, in time for the Dubai Expo 2020 world fair. The High Bay Storage system was originally...
https://splash247.com/revolutionary-new-multi-storey-box-storage-system-unveiled-in-dubai/
GMS, the world’s largest cash buyer of ships for recycling, always has an eye for a bargain antique. While the majority of its acquisitions are destined for scrapping, occasionally it bags an elderly ship with a view to trading it for a year or two. Braemar ACM is reporting in its latest weekly...
Abu Dhabi National Oil Company (Adnoc) this week completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel. Around 12,600 metric tons of propylene and 33,000 metric tons of LPG were loaded onto a single vessel docked in Ruwais in the UAE, creating a landmark...
https://splash247.com/adnoc-loads-lpg-and-propylene-onto-the-same-vessel-in-landmark-shipment/
Goldilocks Investment, part of Abu Dhabi Financial Group (ADFG), has bought an 18.32% stake in Dubai-listed chemical tanker operator Gulf Navigation Holding, its latest acquisition in a struggling shipping entity. “Goldilocks will be actively collaborating with the management and the board of Gulf...
https://splash247.com/abu-dhabis-goldilocks-buys-into-gulf-navigation/
Dubai-based bulker player Tomini Shipping is closing out the year with two neat deals, selling two supramaxes and netting just under $8m in the two-year asset play. Privately owned Tomini has let go of two eight-year-old 57,000 dwt ships – and – for $10.85m each. The company began to circulate the...
Dubai-headquartered Shelf Drilling has been awarded a three-year contract by ADNOC Drilling for 1992-built jackup rig to operate in the Arabian Gulf, offshore Abu Dhabi. The contract will commence in the first half of 2019, and in addition to the firm period of three years includes two one-year...
https://splash247.com/shelf-drilling-awarded-adnoc-jackup-contract/
The Ministry of Finance of the United Arab Emirates (UAE) and Abu Dhabi Department of Finance have signed a deal for financing the second stage of the Etihad Rail national rail network, the state-run news agency WAM reported Tuesday (Nov. 27).
The second stage of the Etihad Rail national rail network will extend 605 km from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast, to be followed by future route additions, the report said.
The volume of goods transported by the rail...
The 1983-built Asphalt Tanker capsized and sank in the Persian Gulf near Qatar on Tuesday. The vessel sent out a distress signal when it started to capsize. The French frigate Cassard responded and sent out onboard helicopter and managed to rescue all of the 12 Indian crew. The ship sank shortly...