May 1st, 20200The Suez Canal Authority has taken action to stem losing traffic amid a swathe of liners opting to travel via the Cape of Good Hope, soaking up capacity, bolstered by cheap bunker bills and avoiding the tolls which tend to be in excess of $500,000 per transit. Splash first reported how CMA CGM had started routing ships via South...
March 4th, 20200Maersk Drilling has been awarded a one-well contract for 2009-built semi-submersible rig offshore Egypt. The contract is set to commence this month in direct continuation of the rig's current contract with Edison E&P. It has an estimated duration of 21 days, and is worth around $3.8m. “We’re pleased to add this additional...
January 28th, 20201Japan’s Nippon Yusen Kaisha (NYK), together with Bolloré Africa Logistics (Bolloré) and Toyota Tsusho Corporation (Toyota Tsusho), has signed an agreement with the General Authority for the Suez Canal Economic Zone to set up and operate a dedicated automotive terminal at East Port Said in Egypt. “The automotive market in Egypt...
January 21st, 20200Egyptian offshore driller ADES International has sealed a second contract extension with Saudi Aramco this month, the latest for 1979-built jackup rig . The extension is for one year, effective February 2020, and is at the same daily rate as the current contract. Earlier this month, ADES secured a five-year renewal with Saudi...
January 8th, 20200Egyptian offshore driller ADES International has sealed a contract renewal for 1982-built jackup rig . The renewal, with Saudi Aramco, commences upon the expiry of the current contract in April 2020 and is for five years at a higher daily rate than the previous contract. Dr Mohamed Farouk, chief executive officer of ADES...
August 7th, 20190Hutchison Ports signed a memorandum of understanding yesterday in front of the Egyptian president Abdel-Fattah al-Sisi to establish a container terminal in Egypt's port of Abu Qir. The 1m teu facility will be built on the Mediterranean, a few kilometres northeast of the country’s second city, Alexandria, where Hutchison already has...
June 24th, 20190Egyptian drilling service provider ADES has been awarded a new contract by an Egyptian energy company for the deployment of its jackup rig through a tender. The contract is for a period of one-year initially, and has an option to extend for another year at the same rates. “Award of a new contract with a leading Egyptian energy...
January 29th, 20190UAE-headquartered offshore driller Shelf Drilling has been awarded a contract by Belayim Petroleum Company (Petrobel) for jackup rig . The contract, which is for one year and includes additional options, will see the 1982-built rig operating in the Gulf of Suez, offshore Egypt. The planned start-up of operations is in the first...
December 21st, 20184Italian contractor Saipem has negotiated with Petrobel an offshore contract addendum worth more than $1.2bn for engineering, procurement, construction and installation activities in relation to the 'Ramp Up to Plateau' phase of the Zohr field development project situated in the Mediterranean Sea off the Egyptian coast. Petrobel is a...
December 14th, 20180Egyptian offshore driller ADES International has successfully renewed a contract for 1980-built jackup rig . Operating in Saudi Arabia, the renewal is for seven years commencing in the first quarter of 2019 when the current contract expires. ADES says the deal is worth around $150m, in line with the day rate on the existing...
