Drydocks World to Build North Sea Platform
Dubai-based Drydocks World has signed a contract with Petrofac and end-client TenneT to build a High Voltage Alternating Current (HVAC) platform in the Netherlands sector of the North Sea.The service provider to the marine, offshore, oil, gas and renewable energy sectors said in a press release that the HVAC platform will be part of a renewable energy wind farm, located in the Hollandse Kust Zuid grid connection in Netherlands sector of the North Sea.The approximately 3…
DP World buys Topaz Energy for $1 bln
Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the latest in Asia-focused lender StanChart's efforts to sell its private equity business as part of a broader shift away from direct investing.Reporting By Lawrence White
DP World Box Volume Up 3.2%
DP World Limited handled 46.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2015, with gross container volumes growing by 3.2% on a like-for-like basis. On a reported basis gross volumes grew by 3.7%. Growth in the nine months was largely driven by Europe and UAE terminals. The UAE handled 11.9 million TEU, representing growth of 4.0%. Our European portfolio continues to be robust despite the difficult market conditions.
DP World To Harness Solar Power in Dubai
Global marine terminal operator DP World has announced plans to launch a major renewable energy project with the installation of photovoltaic solar panels to generate electricity, allowing it to reduce its carbon footprint while exporting surplus energy to the national grid. The project, launched in cooperation with Economic Zones World, a DP World subsidiary, involves rooftop solar panel mountings on its Jebel Ali free zone buildings and parking sheds…
DP World & Hutchison Port Holdings to Combat Global Warming
In an unprecedented show of commitment for an environmental cause, DP World and Hutchison Port Holdings Limited (HPH) have joined hands to combat global warming in a Waste Reduction Campaign that will multiply the effect of their individual efforts to curb global greenhouse emissions. An estimated 11.2 billion tonnes* of solid waste is collected worldwide every year and its degeneration contributes to about five per cent of global greenhouse gas (GHG) emissions.
House Passes Port Security Legislation
The House of Representatives passed legislation today that would tighten security at U.S. seaports, requiring more ``dirty'' and nuclear bomb detectors and background checks on dockside workers. Under the measure, which was approved 421-2, the Homeland Security Department would have to put in place enough radiation monitors to scan 98 percent of the cargo coming into the U.S. by the end of the next fiscal year, which is Sept. 30, 2007.
