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Tagged in development
APM Terminals extends concession for ACT in Jordan
Extension agreement was approved this week by the Cabinet in Amman Since 2006, APM Terminals, in partnership with Aqaba Development Corporation (ADC), has been operating in Aqaba, Jordan, and as a premier gateway and transit hub, it has served as the …
Oct 4, 2024 / Curious
SWITCH Maritime Secures $10M to Expand Hydrogen and Electric Ferry Fleet in US
SWITCH Maritime LLC, a US-based company developing electrified, zero-emission ferries powered by battery and hydrogen fuel cell, has raised $10 million in a Series A round led by Nexus Development Capital to grow its fleet. Founded in 2018 by a …
Nov 20, 2023 / Curious
Aqaba Container Terminal Announces Zero-Emission Vision
APM Terminals and Aqaba Development Cooperation signed a Memorandum of Understanding this week for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT). The agreement secures a $242 million investment to maintain ACT’s …
Sep 30, 2022 / Curious
AD Ports Group and Aqaba Development Corporation Sign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure
Strategic Partnerships Designed to Boost Tourism and Provide Multimodal Transport, Logistics and Digital Solutions for the Hashemite Kingdom of JordanAD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional …
Dec 20, 2021 / Curious
AD Ports Group and Aqaba Development Corporation Sign Agreement for Tourism and Maritime Enhancement Projects in Aqaba - Jordan
New Cruise Terminal to be Developed by AD Ports Group as Part of Strategic Plan to Enhance Maritime and Tourism SectorsAD Ports Group, a leading facilitator of trade and logistics, has signed a Heads of Terms agreement with the Aqaba Development …
Sep 20, 2021 / Curious
Spotted: Bacalhau FPSO Topside Project First Cutting Ceremony
Equinor and Mitsui Offshore Development Corporation (MODEC) conducted the first cutting ceremony of the Bacalhau FPSO Topside project in the afternoon of June 1 at the construction site of the port in BOMESC. The Bacalhau FPSO, owned by Equinor of …
Jun 9, 2021 / Vessels
Kongsberg to deliver state-of-the-art solutions for next generation field development vessel
Kongsberg Maritime (KM) technology is at the centre of an ambitious new project to build a state-of-the-art, next generation Field Development Vessel (FDV) for Triumph Subsea Services.Kongsberg Maritime has signed a Letter of Intent with Brodosplit …
Feb 12, 2021 / Vessels
COSCO SHIPPING Heavy Industry (Dalian) Co.,Ltd. successfully name and delivered of the 10th 62K DWT multi-purpose pulp ship
The COSCO SHIPPING Development second 62K DWT multi-purpose pulp ship, named N1007, was delivered by COSCO SHIPPING Heavy Industry (Dalian) Co.,Ltd. on Dec. 21th. This ship is the tenth series multi-purpose pulp ship delivered by CHI (Dalian), which …
Dec 26, 2020 / Vessels
Oldendorff Carriers: Ultramax sale takes cooperation with CDBL to 25 ships
Oldendorff Carriers has agreed a deal to sell 6 of the Company’s Ultramaxes to China Development Bank Leasing (CDBL) with floating bareboat charter back:MV Jan Oldendorff abt 61,000 dwt Blt 2019 NACKSMV Jens Oldendorff abt 61,000 dwt Blt 2019 DACKSMV …
Nov 19, 2020 / Vessels
HHI Group Signs Definitive Agreement to Acquire DSME
Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka …
Mar 8, 2019 / Curious