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Maersk Drilling sells jack-up rig Maersk Convincer
Maersk Drilling has entered into an agreement with ADES to sell the benign environment jack-up rig Maersk Convincer for USD 42.5m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be transferred to ADES following the completion of its current drilling…
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DP World expands with Stuttgart-Rotterdam rail shuttle
By the middle of last month, DP World started its own rail service from Stuttgart via Germersheim to Rotterdam. ‘Synchro modality offers our clients better certainty.’ Arwin Stehouwer, Product Development Director at DP World, is excited about the new rail service, which was partly set up at the request of…
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ABS : Sustainability Assurance
The number of businesses that are producing information on their environmental, social, and governance (ESG) performance is on the rise. Organizations are leveraging sustainability reporting to disclose to investors, consumers, as well as other industry stakeholders the progress of their ESG strategies. Organizations may choose to have their sustainability report…
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Rabie witnesses the signing of the MoU with Petroment for cooperation in the provision of marine services
Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority, witnessed, the signing of a memorandum of understanding ( MoU ) for joint cooperation between the Port Said Company for Marine Engineering and Construction, a subsidiary of the Authority, and the Alexandria Petroleum Maintenance Company (Petromont) The memorandum of understanding aims…
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