Offshore vessels designer and builder Vard Holdings has secured new contracts to design and build two offshore subsea construction vessels (OSCVs) for Dubai-based Topaz Energy and Marine.
The two new contracts are valued at more than $100m, Vard announced.
Dubai’s efforts to cement its status as a maritime hub received a fillip recently when lawyers from international practice Holman Fenwick Willan (HFW) obtained a judgment ordering the recognition and enforcement of a London arbitration award in the UAE.
HFW, represented by its Dubai-based Middle East shipping team, led by partner Yaman Al Hawamdeh and Associate Anas Al Tarawneh, secured an initial judgement from the Dubai Court of Appeal that will be seen as a bellwether of the even-handedness of the Dubai courts system. The Court of Appeal judgement is currently itself under appeal, HFW said.
The marine technology of 2030 will combine developments from multiple scientific disciplines in ways that could transform the design, construction and operation of commercial ships through the integration of people, software and hardware, according to the Global Marine Technology Trends 2030 report released by Lloyd’s Register (LR).
The report, a collaborative project between Lloyd’s Register, QinetiQ and the University of Southampton, examines the transformative impact of 18 technologies on ship design, on naval power and on the use of ocean space, as the understanding of the world’s oceans is more essential than ever to secure the future of our planet, LR says.
A consortium of two French companies, CMA CGM and Bolloré Africa Logistics, and China’s China Harbour Engineering Co, have won the concession to operate the 1.4m teu Kribi container terminal in Cameroon.
The concession for the Kribi Container Terminal is 25 years and CMA CGM said vessels up to 8,000 teu capacity would be able to call the 1.4m teu capacity container terminal. “When finished, it will be composed of a 700 metre length wharf and a 32 hectare platform made for 16 metre draught. A first 350 meter length wharf will be operational within a few months,” it said.