Search results for: compensation

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  • 20 March 2015
    Business & Finance

    Venezuela plans to appeal the decision of a World Bank tribunal that ordered payment of USD 46 million compensation claim to oil service company Tidewater for owned invoices. Namely, as announced by the country’s Oil Minister Asdrubal Chavez in an interview with state media, the country is working on reducing the amount. “We will pay what we have to […]

  • 5 December 2014

    The European Court of Human Rights has ordered France to pay compensation to Somali pirates worth thousands of euros for failing to present “promptly” the accused men before a judge upon their arrival to the country. The 48-hour delay was deemed by the Court as violation of the European Convention of Human Rights. The case concerns nine […]

  • 21 December 2016
    Equipment

    Seatools, a Dutch subsea technology company, has introduced a new subsea hydraulic compensator range. The new subsea compensator range: the Advanced series, is based on the preceding Hyco range and features a strongly improved mechanical design, the company explained. The range’s revised design, largely based on stainless steel, facilitates higher pre-pressures, which reduces the risk of […]

  • 23 March 2015
    Business & Finance, Technology

    Barge Master has delivered its first Barge Master T40 (BM-T40) motion compensated knuckle boom crane. The BM-T40 is installed on the ‘Walk to Work’ vessel the Kroonborg of Wagenborg. The BM-T40 is designed for offshore support vessels that are used to transfer small loads and personnel to (unmanned) offshore oil and gas platforms or wind turbines. The […]

  • 14 July 2015

    South Korea’s Compensation Review Committee has approved compensation for 96 claims related to the last year’s Sewol ferry sinking in which 304 out of 476 passengers and crew had lost their lives, the country’s Ministry of Oceans and Fisheries reports. At the time of the accident, the ferry was carrying 325 high school students, 75 of whom […]

  • 23 March 2015
    Business & Finance, Technology

    Barge Master has delivered its first Barge Master T40 (BM-T40) motion compensated knuckle boom crane. The BM-T40 is installed on the ‘Walk to Work’ vessel the Kroonborg of Wagenborg. The BM-T40 is designed for offshore support vessels that are used to transfer small loads and personnel to (unmanned) offshore oil and gas platforms or wind turbines. The […]

  • 7 September 2016
    Equipment

    Cranemaster has introduced a new passive heave compensator (PHC). Safe working load (SWL) for the new unit is 1000 tonnes and maximum stroke length is 4000 millimeters. The unit itself weights more than 60 tonnes. “As offshore installations have become more complex and structures heavier, we have responded to the demand for higher capacity by […]

  • 28 July 2015
    Business & Finance

    The New Orleans District Judge Carl J. Barbier yesterday gave a 30-day deadline to BP to pay USD 1 billion in compensations to government entities of local states which were impacted by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. In his ruling, Judge Barbier said that the court was advised that BP reviewed and […]

  • 28 July 2015
    Business & Finance

    The New Orleans District Judge Carl J. Barbier yesterday gave a 30-day deadline to BP to pay USD 1 billion in compensations to government entities of local states which were impacted by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. In his ruling, Judge Barbier said that the court was advised that BP reviewed and […]

  • 14 July 2015

    South Korea’s Compensation Review Committee has approved compensation for 96 claims related to the last year’s Sewol ferry sinking in which 304 out of 476 passengers and crew had lost their lives, the country’s Ministry of Oceans and Fisheries reports. At the time of the accident, the ferry was carrying 325 high school students, 75 of whom […]

  • 6 September 2013
    Business & Finance

    Gladstone Ports Corporation Limited (GPC) announced that it is re-opening the WBDDP Commercial Fisheries Compensation Program to new applicants, designed to provide compensation to eligible commercial fishing operators affected by a loss of access to fishing areas and marine fish habitat in the Western Basin of the Port of Gladstone due to maritime development in […]

  • 28 March 2014

    Repsol’s Annual General Meeting today ratified the agreement reached with the Government of Argentina which recognises the company’s right to receive $5 billion in compensation for the expropriation of 51% of YPF and YPF GAS and stipulates guarantees for effective payment as well as the termination of current judicial and arbitration proceedings and the reciprocal […]

  • 30 November 2015

    The Triton Knoll offshore wind project in East Lincolnshire could have impact on 200 farmers, according to land and property advisors Strutt & Parker. Alice Mesney from the company’s Stamford office said: “Underground cables will be required to carry electricity from offshore wind turbines to the National Grid. This involves laying six cable ducts over a […]

  • 6 August 2014
    Business & Finance, Equipment, Technology

    Additional ferry trips are being provided for people traveling between mainland Surat Thani province and the popular island of Koh Samui as a protest by local fishermen partially obstructs the ferry traffic. Since yesterday, fishermen from Don Sak district of Surat Thani have been demonstrating at the entrance of Seatran Ferry Pier to demand compensation […]

  • 27 May 2016
    Equipment

    Seatools, based in the Netherlands, has introduced new active heave compensation module, the HeaveMate. The active heave compensator can be integrated on offshore and subsea equipment such as winches, cranes, and LARS systems, the company explained. HeaveMate can be delivered either as an OEM package with the essentials for heave compensation or as part of a complete turnkey […]

  • 7 September 2016
    Technology

    Cranemaster, a provider of passive heave compensators (PHC) and shock absorbers for offshore lifts, has extended its fleet of units with a new passive PHC, which is the world’s largest, according to the company.  Safe working load (SWL) for the new unit is 1,000T and maximum stroke length is 4,000mm. The unit itself weighs more than 60T. The […]

  • 16 January 2018
    Equipment

    Seatools, a subsea technology company, has completed the development, manufacturing, and testing of two 250-liter subsea pressure compensators on behalf of Bakker Sliedrecht. The compensators will be applied to 1.7 MW submersible electric motors installed on a new hopper dredger currently under construction at Wenchong Shipyard in China for the Chang Jiang Waterway Bureau (CWB). […]

  • 31 August 2016
    Equipment

    By Boy Biemans and Eelko May  at Bosch Rexroth Transferring people and cargo at open sea can result in dangerous situations for ships, platforms and crew. To enable safe and efficient transfer of personnel and cargo from ships to offshore platforms, wind turbines at sea or other ships, Barge Master teamed up with Bosch Rexroth to […]

  • 28 December 2010

    The Odion/Alders town community in Warri South Local Government Area of Delta State, has declared Westminister Dredging and Marine Company… By Emma Arubi (vanguardngr) [mappress] Source: vanguardngr, December 28, 2010;

  • 13 May 2015
    Technology

    Van Aalst Group has introduced a new motion compensated gangway system under the brand name Safeway. Thanks to several innovations, the Safeway gangway bridge makes it possible for vessels to land at a broad range of offshore constructions, varying from small unmanned installations in the Southern North Sea to large offshore production units in the […]

  • 16 March 2015
    Business & Finance

    Oil service company Tidewater is set to receive around USD 46 million plus interest and partial legal costs from Venezuela for the expropriation of its business and ships. The compensation payment has been ordered by the International Center for the Settlement of Investment Disputes (ICSID), a World Bank tribunal, Reuters reports citing a statement from Venezuelan government. Venezuelan authorities […]

  • 20 May 2019
    Business & Finance

    The compensation is for the unlawful detention of Greenpeace’s ship and its 30 crew.