Highlights of the Week – Readers’ Choice

Business & Finance

 

 

 

 

 

 

 

 

News in Photos: New Suez Canal Dredging

The New Suez Canal development program is moving ahead and is scheduled to be completed this August.

 

GEM Bags $65.6M Contract in Qatar

Gulf Earth Moving (GEM), a Qatar-based subsidiary of the Belgian Aertssen Group, has just won a $65.6 million worth land reclamation contract from the New Port Project Steering Committee (NPPSC).

 

Picture of the Day: DEME Equipment in Egypt

The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023.

 

Rolls-Royce to Power World’s First Seabed Mining Ship

Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel.

 

APT Global: Major Role in Project for Van Oord

APT Global, a Dubai-based manufacturer and technical service provider in marine, dredging, offshore and oil and gas industries, has played a major role in construction and installation of 5MW land based booster station “Al Jabbar” for Van Oord.