Opportunities in Cabo Verde’s agribusiness

abd logoAtlantico Business Development, a Dutch consultancy focused on Portuguese speaking countries, has produced a practical guide for doing business in the agribusiness sector in emerging Cabo Verde. Cabo Verde today is growing fast as a holiday destination for European tourists, combining political stability, security and guaranteed good weather. At this moment the country receives about 600.000 tourists per year, a number that is expected to rise by 2019 to around 1 million per year. Cabo Verde even has the potential to host between 2 and 3 million tourists per year in a decade or so, which would make the country one of Africa’s most important tourist destinations. These fast growing numbers of European tourists will need to be supplied continuously with good quality fresh food and other products, which at this moment poses an enormous challenge to the Cabo Verde tourist sector. Continue reading “Opportunities in Cabo Verde’s agribusiness”

Advertisements

Gate terminal signs EUR 76 million project financing agreement for LNG break bulk facility

logo_vopakGate terminal (main shareholders Gasunie and Royal Vopak) announced that it has signed a financing agreement with the European Investment Bank (EIB) and four other banks that already participate in the syndicate of ten international banks which currently provide long term financing to Gate terminal. This additional financing agreement supports the funding of the expansion of the Liquefied Natural Gas (LNG) break bulk infrastructure and services at the Gate terminal in the Port of Rotterdam. Continue reading “Gate terminal signs EUR 76 million project financing agreement for LNG break bulk facility”

Van Oord, Boskalis to expand Suez canal

logoboskalislogo-vanoordA consortium consisting of Van Oord, Royal Boskalis Westminster N.V., NMDC (Abu Dhabi) and Jan de Nul (Belgium) has acquired a contract from the Suez Canal Authorities in connection with the expansion of the Suez Canal, which provides a vital shipping link between Europe and Asia. The total contract value amounts to USD 1.5 billion, with each partner entitled to an equal share of USD 375 million. Continue reading “Van Oord, Boskalis to expand Suez canal”

Mexican Navy orders two more Damen vessels

damenmexicoIn August 2014 the Mexican Navy (Secretaría de Marina in Spanish) and Damen Shipyards Group (the Netherlands) signed contracts for the delivery of the design, material package, technical assistance and training for two vessels that will be built by the Mexican Navy, using the Damen Technical Cooperation programme, which enables customers to build their vessel on the location of their choice. Continue reading “Mexican Navy orders two more Damen vessels”

Erasmus University rises in worldwide rankings

logoeurErasmus University Rotterdam has risen slightly in the QS World University Rankings. In this year’s  ranking of approximately 800 universities worldwide, the university is ranked at 90, two places higher than last year. The 90th place is the highest position of the Erasmus University in the QS World University Rankings since 2006. The Rotterdam based university is the fifth ranked Dutch university in the list. Continue reading “Erasmus University rises in worldwide rankings”

ECT handles 150,000,000th TEU

ectcranesECT handled the 150 millionth TEU (Twenty-Foot Equivalent Unit, the unit of measure for containers) in Rotterdam since its inception in 1967. With that, ECT is the first container terminal operator in Europe to achieve this remarkable milestone. 150 million TEU equals a line of containers more than 900,000 kilometres long. Or: from here to the moon and back, and then a few times around the world. Continue reading “ECT handles 150,000,000th TEU”

Royal IHC starts building dredger for stock

ihcworlddredgerRoyal IHC (IHC) is constructing the first vessel in its range of competitively priced standard trailing suction hopper dredgers (TSHD). It has started to build the Easydredge™ 2700 for stock in response to the increasing global demand for TSHDs with an extremely short delivery time. The new vessel will be supplied with a “world-dredging package”, which includes bottom doors, a bow coupling and a dredging depth of 25m. This makes her suitable for a wide range of tasks, from the maintenance of ports and channels, to land reclamation. Continue reading “Royal IHC starts building dredger for stock”

Ecuador buys two Damen Stan Patrol vessels

Damen_Stan_Patrol_VesselDamen has recently signed a contract with Astilleros Navales Ecuatorianos (Astinave) to construct two Damen SPa’s 5009 for the Ecuadorian Coastguard. The Ecuadorian shipyard will build both vessels locally with Damen Technical Cooperation, which is Damen’s method of ‘building on site’. Continue reading “Ecuador buys two Damen Stan Patrol vessels”

Boskalis posts record half year profits

logoboskalisRoyal Boskalis Westminster N.V. (Boskalis) realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in the first six months and the operating result (EBIT) was EUR 338 million (H1 2013 EBITDA: EUR 280 million and EBIT: EUR 162 million, respectively). Continue reading “Boskalis posts record half year profits”

Van Oord gets orders in Brazil and Bahamas

logo-vanoordVan Oord has won two orders in Brazil and the Bahamas. The activities involve dredging work for the construction of a new shipyard in Aracruz, Brazil. The client is Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Sembcorp Marine’s Jurong Shipyard from Singapore. In the Bahamas, three ports will be upgraded on the instructions of the Ministry of National Security as part of the Sandy Bottom Project. Both orders have a joint contract value of more than EUR 100 million The execution of both projects has already started. The project in Brazil will be completed in late 2014. The work in the Bahamas will be completed in early 2016.

Continue reading “Van Oord gets orders in Brazil and Bahamas”

Van Oord to build largest Dutch offshore wind project

logo-vanoordThe Gemini offshore wind project shareholders, headed by Canada’s Northland Power Inc., announced that they have reached agreement with the banks on the project’s financing. The financial close will contribute EUR 2.3 billion to the overall construction costs of EUR 2.8 billion. Van Oord has a 10% equity stake in this project. The other shareholders are Northland Power Inc. (60%), Siemens Project Ventures (20%) and HVC (10%). The shareholders will contribute equity amounting to a total of EUR 400 million. Gemini will be one of the largest offshore wind projects in the world. Continue reading “Van Oord to build largest Dutch offshore wind project”

Boskalis studies ultra large Dockwise vessel

logoboskalisRoyal Boskalis Westminster N.V. (Boskalis) announced at the Offshore Technology Conference in Houston (USA) that it has started a study into a new ultra large V-class Heavy Marine Transport Vessel (HTV). The Dockwise Vanguard which came into service early 2013 is already the world’s largest V-class HTV with a carrying capacity of 117,000 MT and a deck space of 270 meters by 70 meters. Continue reading “Boskalis studies ultra large Dockwise vessel”

Royal HaskoningDHV to work on Australian port expansion

logo-rhdhv-largeRoyal HaskoningDHV has been appointed as consultants for hydrodynamics and dredge material management for the Port of Hastings container terminal expansion in Victoria, Australia.74 million) package announced in April 2013; allocated over four years from July 2013. The Port of Hastings lies 72 km to the south east of Melbourne Australia, expansion of the container terminal is funded by a AU$100 million (€74 million) package announced in April 2013; allocated over four years from July 2013. Continue reading “Royal HaskoningDHV to work on Australian port expansion”

Rotterdam to develop Brazilian greenfield port

portocentralOn 29 April the Port of Rotterdam Authority and TPK (Terminal Presidente Kennedy) Logistica signed a joint venture agreement in Vitória, Brazil for the development of Porto Central, a new port in Brazil. TPK Logistica is owned by a group of Brazilian companies with a great deal of experience in the mining, construction and offshore sectors. Continue reading “Rotterdam to develop Brazilian greenfield port”

Kloosterboer cools and freezes with solar power

Zonnepanelen-KloosterboerAt the start of April, the installation of solar panels on the roof of the Kloosterboer Delta Terminal at Maasvlakte was put in to operation.  A total of 1800 solar panels have been fitted to this cold storage facility. The installation has a capacity of  450 kWp and enables Kloosterboer to be largely self-sufficient for their energy needs. Continue reading “Kloosterboer cools and freezes with solar power”

Port of Rotterdam in European LNG joint venture

portofrotterdamThe port authorities of Antwerp, Mannheim, Rotterdam, Strasbourg and Switzerland signed a joint venture for the introduction of LNG. This involves cooperation in research, promotion, knowledge transfer, legislation and bunker infrastructure. The agreements follow on from the LNG Master plan of the Rhine-Main-Danube corridor in which all participants are involved. The aim of this master plan is to put liquefied natural gas to full scale use as a fuel for inland shipping on the Rhine-Main-Danube corridor. Continue reading “Port of Rotterdam in European LNG joint venture”

IHC Merwede to build South African dredger

ihcIHC Merwede has been awarded a contract for the design, construction and delivery of a 5,500m3 trailing suction hopper dredger (TSHD) to Transnet National Ports Authority (TNPA), South Africa. The company was selected after a successful submission into an open tender process for what will be the largest dredging vessel of its kind operating in the country. Continue reading “IHC Merwede to build South African dredger”

Damen lays keel for Indonesian frigate

SIGMA_10514_Perusak_Kawal_Rudal_FrigateIn accordance with the agreed planning in the contract for the construction of a Damen SIGMA Frigate for the Indonesian Navy, the keellaying ceremony has taken place on 16 April 2014 at the PT PAL (Persero) Shipyard in Surabaya, Indonesia. The construction of the 4 modules that are going to be built at PT PAL (Persero) Shipyard Surabaya and the two modules that are being built in Vlissingen, are proceeding according to schedule. Continue reading “Damen lays keel for Indonesian frigate”

Van Oord acquires 100% of Spanish subsidiary

logo-vanoordVan Oord has acquired all shares of its Spanish subsidiary Dravo S.A. Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.A. (50%), a subsidiary of ACS, the largest Spanish infrastructure contractor. The company will continue its activities under the name Dravo S.A. The company, with its office in Madrid, is engaged in dredging works in the Spanish, Portuguese and Italian markets. The company is presently executing maintenance dredging projects in the ports of Lisbon and Aveiro in Portugal and in the ports of Huelva and Barcelona in Spain. The company owns one trailing suction hopper dredger, Dravo Costa Dorada (Van Oord).

Shell discovers Malaysia deep-water gas

shellShell announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres. The well encountered more than 450 metres of gas column. With further exploration planned, the finding is a positive indicator of the gas potential in an area of strategic interest for Shell.

Continue reading “Shell discovers Malaysia deep-water gas”

Throughput Port of Rotterdam practically stable

portofrotterdamThe Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (‑2%), mineral oil products (‑14%) and other liquid bulk cargo (‑14%) were transferred. On the positive side, iron ore and scrap (+5%), coal (+15%), agribulk (+69%), other dry bulk cargo (+13%), containers (+1%), roll on/roll off (+9%) and other mixed cargo (+9%) did better. Continue reading “Throughput Port of Rotterdam practically stable”

Six reasons why US capital expenditure is on the rise

robeco logoIn the United States, capital expenditure is lagging the economy as a whole. Some think this is the ‘new normal’. But Robeco’s strategist Peter van der Welle believes there is a strong case for a rebound in investments later this year.  Continue reading “Six reasons why US capital expenditure is on the rise”

IHC Merwede reveals healthy order book

ihcIHC Merwede says it successfully increased its order book in 2013 across the main sectors of its business: offshore and dredging. The company received almost € 1.8 billion worth of new orders in the past year. At the end of 2013, the order book was valued at over € 1.7 billion, which is the equivalent of a backlog of approximately two years. Continue reading “IHC Merwede reveals healthy order book”

Rotterdam voted Smart City 2014

imagesRotterdam has been voted one of the Smart Cities 2014. The quarterly magazine The New Economy has given Smart Cities Awards to twenty cities all over the world who qualify as ‘cities of the future’ in the area of sustainable development. The New Economy praised Rotterdam for its efforts to protect itself against climate change and bolster its image as the most sustainable port city in the world. Continue reading “Rotterdam voted Smart City 2014”

Damen pontoon deliveries ensure global stock

Damen_pontoon_deliveriesOn April 4th, a shipment that left China seven weeks ago carrying 13 new Damen Stan Pontoons and 10 other Damen vessels arrived in Rotterdam. The built-for-stock pontoons and vessels will uphold Damen’s ultra-short delivery times as demand rises – 170 deliveries in 2013. This has also led to Damen introducing newly designed barges and completing a number of custom pontoon and barge projects. Continue reading “Damen pontoon deliveries ensure global stock”

New dredging contract for Van Oord in Indonesia

logo-vanoordVan Oord has been awarded a contract for dredging and maintenance work for the western access channel to the port of Surabaya in Indonesia. The client is Indonesian port company PT Pelabuhan Indonesia III (Persero). The contract is worth over EUR 50 million. Project execution will start in May 2014 and will last 10 months, followed by a two-year maintenance period. The project involves widening the existing channel to 150 metres and deepening it to -13 metres. A total of more than 10 million m3 silt will be removed and dumped at sea. Furthermore, one or two shipwrecks must be removed. Annual maintenance for a two-year period is part of the contract. Van Oord will be deploying a large and a medium-large trailing suction hopper dredger.

Continue reading “New dredging contract for Van Oord in Indonesia”

Mammoet moves Methanol Plant from Southern Chile to Louisiana

mammoetMammoet, the world’s leader in engineered heavy lifting and transport, has completed a project involving the heavy lifting, transportation and reassembly preparation of an entire methanol plant. The plant was moved from the most southern part of Chile to Louisiana, USA over a distance of 8,720 kilometers (5,450 miles). Continue reading “Mammoet moves Methanol Plant from Southern Chile to Louisiana”

IHC Merwede appoints Bram Roelse as CEO

ihcIHC Merwede has announced that it has appointed Bram Roelse as the company’s new Chief Executive Officer (CEO) with immediate effect as of 1 April 2014. He has taken over this leading role within the company from predecessor Dirk Philips who stepped back in November 2013. Continue reading “IHC Merwede appoints Bram Roelse as CEO”

Mexican Navy orders sixth Damen Stan Patrol 4207

damenmexicoThe Mexican Navy and Damen Shipyards Group signed another contract for a license, material package and technical assistance of a Damen Stan Patrol 4207. The agreement also includes crew training in the Netherlands. This contract, the sixth patrol vessel of the Tenochtitlan class, underlines the excellent ongoing relationship between the Mexican Navy (Secretaria de Marina or SEMAR), and Damen. As all five previous vessels, this vessel will be built in the Mexican Navy Yard ASTIMAR 1 in Tampico, a city and port on the Gulf of Mexico (Damen).

SBM Offshore presents results of internal investigation on bribery allegations in Angola, Brazil

sbmSBM Offshore presented today the findings of its internal investigation, which it started in the first quarter of 2012, in reaction to allegations of bribery in Brazil, Angola and other countries. The investigation, which was carried out by independent external counsel and forensic accountants, focused on the use of agents over the period 2007 through 2011. In summary, the main findings are that “the Company paid approximately US$200 million in commissions to agents during that period of which the majority relate to three countries: US$18.8 million to Equatorial Guinea, US$22.7 million to Angola and US$139.1 million to Brazil.” Continue reading “SBM Offshore presents results of internal investigation on bribery allegations in Angola, Brazil”

Huisman to build world’s largest cranes

huismancranesHuisman, the worldwide specialist in lifting, drilling and subsea solutions, has received a Letter of Intent for the delivery of world’s largest cranes onboard Heerema’s planned new semi-submersible crane vessel. The cranes will have a lifting capacity of 10.000mt at a radius of 48m. Huisman is known for its signature mast crane design. These cranes will however be tub mounted. The two cranes will be built by the Huisman production facility in China. The final decision to build this new semi-submersible crane vessel will be made by Heerema before the end of this year. Continue reading “Huisman to build world’s largest cranes”

Mammoet turns Venezuelan Local Port into Heavy Lift Terminal

mammoet

Mammoet, world leader in Engineered Heavy Lifting and Transport, has effectively turned the port of Güiria, Venezuela into a temporary Heavy Lift Terminal by employing its new Mammoet Terminal Crane, the MTC-15. The port of Güiria saw its need for heavy lifting increased after PDVSA, the Venezuelan National Oil Company, decided to build a new power plant 20 kilometers further inland. Continue reading “Mammoet turns Venezuelan Local Port into Heavy Lift Terminal”

OMA to design Axel Springer’s new media centre in Berlin

omaberlinOMA’s design for Axel Springer’s new media centre in Berlin has been chosen as the winner in the final round of a public design competition. The building will embody Axel Springer’s corporate shift from print to digital media, and will create a new hub in the existing Axel Springer campus in central Berlin. Mathias Döpfner, CEO of Axel Springer: “We are very happy to be able to build the new building of our publishing house together with Rem Koolhaas. He presented the conceptually and esthetically most radical model. The fundamental innovation of working environments will support the cultural transformation towards a digital publishing house.” Continue reading “OMA to design Axel Springer’s new media centre in Berlin”

Vopak acquires two terminals in Canada

logo_vopakRoyal Vopak announced the acquisition of a company with two distribution terminals for the storage and handling of refined products in Montreal and Quebec City, Canada. With the acquisition, Vopak Canada’s storage capacity increases with 509,000 cbm to 712,000 cbm, while strengthening Vopak’s presence in all strategic distribution market locations in eastern Canada. Continue reading “Vopak acquires two terminals in Canada”

Van Oord has 30% more profit

logo-vanoordVan Oord had a better year in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR 98 million), and the company’s order portfolio was similar to the previous year. The net profit was positively affected by the settlement of a number of outstanding claims in Dubai from 2005-2008. Higher operating revenues considerably decreased the net debt. Continue reading “Van Oord has 30% more profit”

Van Oord awarded large dredging contract in Kuwait

logo-vanoordVan Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC). The contract value amounts to approximately EUR 500 million. The project involves the reclamation of land in a ‘sabkha area’ (a salt plain near the coast) for the construction of a new refinery. Continue reading “Van Oord awarded large dredging contract in Kuwait”

Damen receives large Mexican order

damenmexMexican offshore company Naviera Integral and Damen Shipyards Group signed a contract for four more Damen Fast Crew Suppliers 5009 (FCS 5009). The first two vessels will be delivered from stock and will be handed over in Vietnam on April 16th of this year. The other two vessels will start construction soon, with their delivery planned for July 2015. All four vessels will operate in the Gulf of Mexico, under a direct contract from PEMEX, the Mexican state oil company. Continue reading “Damen receives large Mexican order”

Unilever to acquire majority stake in the Qinyuan Group

unilever logoUnilever announced that it has acquired a majority stake in the Qinyuan Group, a leading Chinese water purification business for an undisclosed amount. Qinyuan generated sales approaching €140 million (c. 1.2 billion RMB] for the 12-month period ending 31 December 2013. Continue reading “Unilever to acquire majority stake in the Qinyuan Group”

Vopak acquires 30% in new terminal in Gulei, China

logo_vopakRoyal Vopak announced it has signed an Equity Transfer Agreement with Xianglu Petrochemical (Zhangzhou) Co., Ltd. (Xianglu) in Fujian province, China. The agreement comprises Vopak’s acquisition of a 30% equity interest in Zhangzhou Gulei Haiteng Jetty Investment Management Company Limited (Haiteng). Continue reading “Vopak acquires 30% in new terminal in Gulei, China”