Dubai: Dubai-based Grandweld has landed a $50m contract to design and build four crane/workboat vessels for Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation. The deal, the first new construction contract since...
Fujiarah: Phase one of Gulf Petrochem’s Fujairah Oil Terminal, located in the port, is now operational with a storage capacity of 412,000 cu m. The first phase of the Fujairah Oil Terminal is able to handle Class III petroleum products such as...
Dubai: Etihad Rail, developer and operator of the UAE’s national railway network - has secured financing of $1.28bn (AED 4.7bn) for stage one of its railway project that could see freight shipments to ports by year end
Stavanger: Norwegian gas carrier Solvang ASA today announced improved earnings in the fourth quarter and full year 2012.
Naples: The extensive repair work necessary to rectify damage related to the flooding of Emma Maersk's engine room will be undertaken at Fincantieri's repair yard in Palermo, Sicily.
Abu Dhabi: Fred Olsen has taken delivery of a second prototype wind turbine installation vessel, Bold Tern built by UAE-based engineers and contractors, Lamprell.