10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Phase Two of South Beach Work Begins

    13 May 2015
    Business & Finance

    Coast protection work has begun which will protect and enhance the Children’s Corner area of the south beach at Lowestoft. The work, which started yesterday, will include protection measures against high erosion pressure, restored beach access and installation of a promenade guard-rail. This is the second part of a two-phase scheme funded by a £2.9m […]

  • Rosneft pays $7B part of TNK-BP Loan

    22 December 2014

    Russian oil company Rosneft has repaid part of a loan taken to pay for the acquisition of TNK-BP. Rosneft has said that on Monday, December 22, it paid around $7 billion to lenders. According to the company, the overall amount paid throughout the year totaled $24 billion, in full accordance with the credit agreement. Rosneft in 2012 […]

  • MacGregor Electric Mooring Systems for Mermaid’s Tender Rigs

    14 October 2014
    Business & Finance, Equipment

    MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs for Thailand-based Mermaid Maritime Public Company Limited. The Self-Erected Drilling Tender (Hull No. CMHI (JS)-151-1 and Hull No. CMHI (JS)-151-2) are under construction at China Merchants Heavy Industry (Jiangsu) Co […]

  • Moody’s: German Shipping Lenders Face Squeeze on Profits

    7 June 2017
    Business & Finance

    Albeit early signs of recovery became visible during the first months of 2017, the shipping industry’s protracted slowdown will continue to exert pressure on German ship lenders’ profitability. In its latest report, Moody’s rating agency informed that the five biggest German ship lenders reported outstanding ship-related loans of EUR 59 billion at the end of 2016, […]

  • MMO: Corallina Dredging Monitoring Protocol Update (UK)

    7 October 2013
    Business & Finance

    During the application process for the Hinkley jetty dredge licence, a condition requiring a dredging monitoring protocol to protect Corallina from the impacts of sedimentation was recommended. Prior to undertaking any dredging activity authorised by this Licence: – a plan for monitoring baseline levels of sedimentation in the vicinity of Corallina swards shall be submitted […]

  • Farstad’s subsea newbuild ready for TechnipFMC

    9 March 2017

    Offshore service vessel provider Farstad Shipping has taken delivery of the light construction/inspection, maintenance, and repair (IMR) vessel Far Superior from Vard Group. Farstad said on Thursday that the vessel of a Vard 3 17 design was delivered on Wednesday, March 8. The Far Superior was constructed by Vard Vung Tau in Vietnam. Now that […]

  • Energean takes subsea tieback FID off Egypt

    21 January 2021
    Business Developments & Projects, Exploration & Production, Infrastructure

    London-based Energean has taken the final investment decision on the North El Amriya and North Idkunea (NEA/NI) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered and appraised gas fields (Yazzi and Python) while the NI concession contains four discovered gas fields, one of which is readied for development. NEA/NI is due […]

  • Balmoral Group buys stake in Ace Winches

    20 September 2017
    Business & Finance

    Design, engineering, and manufacturing company Balmoral Group has taken a substantial stake in hydraulic winches manufacturer ACE Winches by investing £10 million ($13.5M) in the Turriff-based company. ACE Winches said on Monday that the investment would strengthen and grow the company’s position as a provider of mooring, lifting, pulling, and deploying solutions provider in more […]

  • Sierra Leone Deregisters Nine Iranian Vessels

    11 September 2012

    Having carried out a relevant investigation Sierra Leone decided to deregister nine ships which have been proven to belong to the Islamic Republic of Iran Shipping Lines (IRISL), acting in line with the intention of the Western powers to curb Iran’s global oil shipping amid Teheran’s nuclear program. “The vessels were deleted as a result […]

  • Wight Shipyard Boss Joins AMC as Stakeholder

    11 September 2017
    Business & Finance

    Peter Morton of Wight Shipyard Co (WSC) has bought a stake in Aluminium Marine Consultants (AMC) and has taken his place on the board, AMC informed today, 11 September. 

  • Australia: AWE Managing Director retires

    30 July 2010
    Business & Finance

    AWE Limited announces that its Managing Director, Bruce Wood, has advised he has decided to retire on or about his 60th birthday and consequently has given twelve months notice under his employment contract. The Board has launched a global executive search for his replacement. The board and Bruce have decided that he will continue in […]

  • Ophir given Fortuna FLNG ultimatum

    15 May 2018

    London-based Ophir Energy could face a cut from the Fortuna FLNG project in Equatorial Guinea as the country’s government loses patience over project delays. 

  • Hornsea Project 2 Moves Through the System

    30 March 2016
    Authorities & Government

    On 16 March, the UK Planning Inspectorate (PINS) submitted a recommendation report on Hornsea Project Two to Energy Secretary Amber Rudd, who requested comments from Natural England and the Joint Nature Conservation Committee (JNCC) yesterday. After receiving findings and conclusions on the application from the PINS, the Energy Secretary has three months to make a decision on the application. Since […]

  • Germany: Mobil Industrial Lubricants Becomes HUSUM WindEnergy’s Diamond Sponsor

    1 August 2012

    Mobil Industrial Lubricants, ExxonMobil’s leading international brand of lubricants for the wind energy sector has been announced as HUSUM WindEnergy 2012 trade fair’s Diamond sponsor. This is the second time that the industrial lubricant supplier has taken the lead sponsorship of the event, signifying its commitment to helping to facilitate best practice in the industry. […]

  • First Ship from Panamax Quartet Joins Navios Containers

    27 November 2017
    Business & Finance

    Monaco-based container shipping company Navios Maritime Containers has taken delivery of APL Denver, the first of four 2008-built Panamax boxships it agreed to buy. As informed, the remaining three vessels are expected to be delivered by mid-December. APL Denver was previously owned by Germany-based Hanseatic Lloyd KG, VesselsValue’s data shows. Apart from APL Denver, Hanseatic […]

  • Aker Solutions Provides Subsea Brazil Update, Expects Further Losses in Q3 2011

    12 October 2011
    Business & Finance, Operations & Maintenance, Research & Development

    Aker Solutions is currently finalising revised execution plans for delivery of subsea production systems in Brazil. Delivery schedules for all major subsea production systems currently on order from Petrobras has been substantially further delayed and additional costs will accrue, mainly due to the prolonged execution time and various measures initiated to improve quality and delivery […]

  • Minister Inaugurates India Maritime Week

    20 January 2012

    The Indian tonnage as part of global shipping stood at 10 million GT about a year ago. The Indian tonnage has recently crossed the 11 million GT mark. This was stated by Shri G.K. Vasan, Union Minister of Shipping while inaugurating India Maritime Week in New Delhi yesterday. Shri Vasan said that last year, in […]

  • Oldendorff Carriers moving forward with fleet renewal program

    20 July 2020
    Business Developments & Projects, Environment, Infrastructure, Vessels

    Germany-based dry bulk carrier owner and operator Oldendorff Carriers is progressing well with its massive fleet renewal program. The latest two newbuilds joined the company’s fleet during Q2 2020.

  • TotalEnergies withdrawing from Myanmar amid ‘worsening situation’

    21 January 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Safety

    TotalEnergies has decided to withdraw from its operations in Myanmar following a military coup in the country in February 2021.

  • Richard Yemm Wins Award for Outstanding Contribution to Industry (UK)

    5 December 2011

    Richard Yemm was presented with the award for Outstanding Contribution to the Industry at Thursday evening’s Scottish Green Energy Awards in Edinburgh. The award from Scottish Renewables was sponsored by Highlands & Islands Enterprise and recognises exceptional contribution to the renewables industry. In the announcement of the award, Scottish Renewables recognised Richard’s long standing and […]

  • USA: Society for Gas as Marine Fuel to Be Established as NGO

    30 May 2013

    Following a decision to proceed by the Board of Directors of the Society of International Gas Tanker and Terminal Operators (SIGTTO) at its spring meeting in Houston on 16 May, the Society for Gas as a Marine Fuel (SGMF) is to be established as a new non-governmental organisation (NGO). “The use of LNG as a […]

  • Australia: Officials Announce Details about Port of Melbourne Development

    10 December 2012

    TWO and half million cubic metres of silt will be dredged from near Webb Dock as part of a $1.2 billion redevelopment of the Port of Melbourne. The plan, which includes a new container terminal at Webb Dock, also calls for the dredging of 50,000 cubic metres of contaminated material that will be dumped near […]

  • ClassNK issues guidelines for safe operation of ammonia-fueled vessels

    13 May 2025
    Certification & Classification, Regulation & Policy, Safety

    Japanese classification society ClassNK has released new guidelines to support the safe adoption and onboard handling of ammonia as a marine fuel.

  • Sembcorp Marine’s yard workforce down from 20,000 to 850 due to COVID-19 restrictions

    13 May 2020
    Authorities & Government, Business & Finance, Business Developments & Projects

    Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic.

  • Hydrex Repairs Underwater Stern Tube Seal Assembly in Australia

    31 January 2014
    Business & Finance, Operations & Maintenance

    Last month a Hydrex diver/technician team carried out underwater stern tube seal repairs on a 110-meter offshore supply vessel in Bunbury, Australia. The rope guard covering the stern tube seal assembly was missing and the seal box had come loose after a mooring rope got tangled around the assembly. An emergency on-site repair was necessary. […]