Middle East
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Russian yard in negotiations for Iranian rigs worth ‘billions of dollars’
Krasnye Barrikady, a Russian shipyard which translates as Red Barricades, claims it is in line for a bumper series of…
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KCA Deutag sells ageing jack-up rig
UK-based drilling contractor KCA Deutag has sold its jack-up drilling rig Ben Loyal to Egypt’s Advanced Energy Systems. KCA Deutag…
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Emarat Maritime: Where rates will head in 2016
Dubai: This year marks the quarter century mark that Captain Jitendra Misra has worked for Emarat Maritime, including 17 years…
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Polarcus and Spectrum team up for Aussie survey
Polarcus, Spectrum and DownUnder GeoSolutions are commencing a new multi-client project over the Vulcan Sub-basin, offshore Australia’s North West Shelf. The…
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Ashdod port fined for sulfur spill
Israel’s Environmental Protection Ministry is fining the Ashdod Port Company NIS2.7m ($600,000) for marine pollution infractions, following a contamination incident…
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Blaze onboard Chinese dredger at Haifa port
Fire broke out early this morning onboard a China-flagged hopper dredger berthed at Israel’s Haifa Port and threatened to engulf…
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IRISL: Back in from the cold
Tehran: Sanctions against Iran are expected to be lifted early next year – the nation’s shipping lines are raring to…
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Polarcus restructures in order to survive
Dubai-based seismic specialist Polarcus has announced that it will go through a major financial restructuring process. The company has initiated…
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Vallianz wins charter contract for four AHTS vessels
Singapore’s Vallianz Holdings has won a contract to time charter four anchor handling tug supply vessels from an existing customer…
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Teekay LNG consortium to develop floating LNG import terminal in Bahrain
A consortium led by Teekay LNG Partners, Samsung C&T and Gulf Investment Corporation (GIC) today signed project agreements with the…
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Gulf Marine Services gets $620m loan for growth
Gulf Marine Services (GMS) has secured a six-year $620m debt facility from a syndicate of lenders, which the London-listed company said…
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National Drilling Company of Abu Dhabi extends and adds rig options
National Drilling Company of Abu Dhabi (NDC) has agreed with its yard Lamprell to extend its existing options on jack-up…
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Bakri hunts older tonnage
Brokers link the Arab outfit Bakri Navigation to the purchase of the 113,300 dwt . The company is paying $15.5m…
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Polarcus wins work off Egypt
Dubai-based seismic operator Polarcus has won a contract with an unnamed client for a 3D seismic project offshore Egypt. The…
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Saudi Aramco eyes JV yard with Hyundai Heavy
Having just put one planned yard with Singapore’s Sembcorp Marine on the backburner, Saudi Aramco is eyeing up Hyundai Heavy…
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APL boxship smash writes off quay crane
The ultra-large containership APL Temasek which allided with a gantry crane and navy barge at Suez Canal Container Terminal (SCCT)…
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APM Terminals plans Bahrain port IPO
APM Terminals (APMT) and its local partner YBA Kanoo Holdings are planning an initial public offering (IPO) of Bahrain’s Khalifa…
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Iran readies LNG carrier ordering spree
National Iranian Tanker Co (NITC) will shortly unveil a raft of LNG orders in South Korea and China as well…
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McDermott wins RasGas EPCI contract offshore Qatar
Houston-headquartered McDermott International has been awarded a brownfield engineering, procurement, construction and installation contract by RasGas Company for work offshore…
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K Line forms Dubai joint venture
Kawasaki Kisen Kaisha (K Line) has tied up with Dubai’s Sharaf Group to form a Middle Eastern joint venture. K…
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