United Arab Emirates
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Middle East
Lamprell extends contract with chairman and ceo while cutting 100 staff
UAE-based offshore engineering firm Lamprell has announced that John Kennedy and James Moffat have agreed to extend their respective roles…
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Containers
Hapag-Lloyd and UASC in merger talks: German media
German media report say that Hapag-Lloyd is in talks with United Arab Shipping Company to merge as the container sector…
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Middle East
Polarcus secures seismic project in Indonesia
Polarcus has announced that the company has received an LOI from an undisclosed client for a 3D marine seismic contract…
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Asia
DP World to set up Indian holding company with IPO in mind
Dubai terminal operator DP World has been allowed by New Delhi to open an Indian holding company for its portfolio…
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Middle East
Topaz lands 14-vessel extension from BP for work offshore Azerbaijan
Topaz Energy and Marine has secured a contract from BP Exploration (Caspian Sea) to extend the running contracts on 14…
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Europe
Polarcus wins survey work off Norway
Dubai-based seismic operator Polarcus has been awarded a 4D project at a field offshore Norway. The survey, for an undisclosed client, will…
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Europe
Siem Offshore terminates with Marine Engineering Diving Services
Siem Offshore announced today that is has terminated the contract for multipurpose field & ROV support vessel , which was…
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Middle East
Mohammed Sharaf steps down from DP World
Terminal operator DP World announced that, after 23 years with the group including 11 years as group ceo, Mohammed Sharaf…
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Europe
DP World joins forces with Russia
Global container terminal operator DP World has launched a joint venture with the Russian Direct Investment Fund (RDIF) that will…
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Europe
Mena Energy takes Fratelli d’Amico tanker on 3-year charter
Rome-based Fratelli d’Amico has chartered out LR2 tanker to Dubai-based Mena Energy for a period of three years. The charter…
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Finance and Insurance
Polarcus details restructuring plans
Dubai-based seismic specialist Polarcus has made public details of its financial restructuring process. The company’s banks, lease providers and certain…
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Europe
Turkish Petroleum extends support contract with Polarcus
Dubai-based seismic specialist Polarcus has been given a two-year extension of its support services agreement with Turkish Petroleum. The extension covers…
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Dry Cargo
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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Europe
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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Middle East
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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Finance and Insurance
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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Middle East
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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Asia
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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Americas
Atwood Oceanics gets Thai jackup extension
Houston-headquartered Atwood Oceanics has been given a nine-month extension by Mubadala Petroleum for the use of jackup, Atwood Orca. The…
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Containers
UASC closes in on another $1bn order
Fast-growing United Arab Shipping Co (UASC) is in advanced negotiations with Korean yards for another $1bn order, sources tell Splash.…
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