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  • 25 May 2012
    Business & Finance

    Cruise Lines International Association (CLIA) yesterday announced that the International Maritime Organization’s (IMO) Maritime Safety Committee incorporated a number of recommendations from the ongoing Cruise Industry Operational Safety Review in its meetings in London, being held May 16 to 25. The committee focused extensive attention on passenger ship safety and considered a number of recommendations […]

  • 23 May 2012

    PGNiG SA executed an agreement on its PLN 4.5bn 5-year domestic bond programme with ING Bank Śląski SA and Bank Polska Kasa Opieki SA. The first bond issue under the programme, for an amount of up to PLN 2bn, is to take place before the end of June 2012. Under the 5-year programme, PGNiG will […]

  • 23 May 2012

    GDF SUEZ of France said it has achieved a three-tranche €3billion bond issue: – €1 billion, maturing in February 2016, with a 1.5% coupon – €1 billion, maturing in June 2018, with a 2.25% coupon – €1 billion, maturing in February 2023, with a 3% coupon. The average coupon of the issue is 2.25% and […]

  • 17 May 2012
    Project & Tenders

    In a significant milestone for the Arrow LNG Project, Arrow Energy has invited four parties to tender for the design and construction of Arrow’s upstream gas infrastructure in the Bowen and Surat basins in Queensland. The parties have been invited to tender for the Front End Engineering Design (FEED ) for surface infrastructure including well […]

  • 14 May 2012

    Sakhalin Energy presented in Moscow its 2011 Sustainable Development Report. It is the company’s third report produced in compliance with the Global Reporting Initiative (GRI) standard. It is in line with B+ classification and, just as the previous two reports, was endorsed by the Council for Non-Financial Reporting of Russian Union of Industrialists and Entrepreneurs […]

  • 10 May 2012

    ABPmer, a leading UK marine environmental consultancy, has recently published four articles in a special issue of the international journal, Coastal Engineering. Edited by ABPmer’s Jon Williams, a specialist in sediment processes, the issue focuses on the results from a large-scale laboratory study of gravel barrier dynamics. The journal articles centre on the results from […]

  • 9 May 2012
    Environment

    A number of delegates and exhibition visitors at EWEA 2012 found their way to the DHI booth. Of particular interest were their modeling services in relation to habitat assessment, radar technology and underwater noise impacts related to offshore projects. It’s obvious that the pace of offshore developments is increasing the risk for environmental barriers, not […]

  • 9 May 2012
    Environment

    A number of delegates and exhibition visitors at EWEA 2012 found their way to the DHI booth. Of particular interest were their modeling services in relation to habitat assessment, radar technology and underwater noise impacts related to offshore projects. It’s obvious that the pace of offshore developments is increasing the risk for environmental barriers, not […]

  • 7 May 2012
    Business & Finance

    Floatel International Ltd is contemplating the issuance of up to a USD 200 million equivalent bond issue in the Norwegian bond market. The proceeds from the bond issue will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Limited, Singapore. Floatel International has further agreed an indicative term sheet […]

  • 7 May 2012

    Sweden-based Floatel International Ltd, established in 2006 to satisfy a market demand for a new generation of offshore floatels, is contemplating the issuance of up to a USD 200 million equivalent bond issue in the Norwegian bond market. The proceeds from the bond issue will be used to finance the Company’s new build program for […]

  • 2 May 2012
    Business & Finance

    Oil & Gas UK has underlined its commitment to tackling the health and safety issues around ageing infrastructure and life extension of assets, with the publication of a new management system guidance document. The publication has been designed to help duty holders effectively manage asset ageing and aid the decision making process around extending the […]

  • 1 May 2012
    Business & Finance

    A new dedicated rule book for self-elevating units will guide designers and yards to class their designs and newbuilding projects. The rule book clearly explains the DNV and international regulations and standards. Adaptations from the traditional Offshore Standards include additional class notations and alignment of material and jacking systems requirements based on feedback from industry […]

  • 1 May 2012

    On 27 April, the European Commission issued a notice to the UK Government concerning the publishing of risk assessment information for LNG movements at Milford Haven Port. Mark Andrews, Corporate Affairs Director at Milford Haven Port Authority commented: “In preparation for the arrival of LNG, Milford Haven Port Authority has, over a number of years, […]

  • 30 April 2012

    LNG Limited of Australia today issued its March 2012 Quarterly Report. Quarterly highlights – Cash balance of $11.8 million as at 31 March 2012. – Largest shareholder in Metgasco Limited with a 10.25% shareholding. – Sale of Oil Basins Limited shares realising $1,011,026 and a net profit of $120,777. – Patents granted in Eurasia, Hong […]

  • 27 April 2012
    Business & Finance

    New guidance has been produced by the International Marine Contractors Association (IMCA) on the use of ‘hold-back’ vessels during diving operations. These are towing (or other) vessels that provoke additional security for DP (dynamically positioned) vessels engaged in critical operations by means of attachment by wire rope. “Our new publication (IMCA M 185 Rev 1) […]

  • 27 April 2012

    U.S. Senator Lindsey Graham said he was very pleased the federal funds needed to continue the study of Charleston Harbor deepening had been secured in the Senate. The Senate Appropriations Committee, of which Graham is a member, passed the Senate version of the Fiscal Year 2013 Energy and Water (E&W) Appropriations Act which contains $3.5 […]

  • 25 April 2012
    Business & Finance

    BIMCO’s Documentary Committee, chaired by Mr Karel Stes, gathered in Singapore for its spring meeting on 23 April. The Committee’s contract experts reviewed a number of new contracts and clauses dealing with a wide variety of topical subjects ranging from wind farms to solid bulk cargoes that can liquefy. A new standard pooling agreement was […]

  • 20 April 2012
    Business & Finance

    The first dedicated set of rules for stern-first ice-class ships has just been published by Lloyd’s Register, answering demand for technical support as industry continues to explore the potential of polar transportation routes and the new energy reserves in the far north. The timely release of the rules comes as more and more ships are […]

  • 13 April 2012
    Business & Finance

    IMO Secretary-General Koji Sekimizu has issued a video message ahead of the anniversary on Saturday (14 April) of the sinking of the Titanic, remembering all those who lost their lives in the tragic accident, recalling the improvements to passenger ship safety introduced as a result of that incident and acknowledging the need for continual improvement […]

  • 12 April 2012

    The Oregon Department of Environmental Quality has issued a penalty to PacifiCorp for failing to monitor water quality and keep accurate records during dredging operations at the Red Blanket Creek and Middle Fork Rogue River diversion dams in August 2011. Dredging operations are permitted at both dams, but must follow requirements contained in a U.S. […]

  • 12 April 2012

    Shell today published its Sustainability Report for 2011, which details how sustainable development helps it to deliver energy to meet the world’s growing energy demand in a responsible way. The report covers Shell’s environmental and social performance for the year and outlines its contribution towards building a sustainable energy future. Shell’s responsible approach includes investing […]

  • 11 April 2012
    Business & Finance

    CGX Energy Inc. announces that delays due to minor mechanical issues on the Ocean Saratoga semi-submersible rig and weather conditions have pushed back the time frame for the completion of drilling of the Eagle-1 well beyond the originally planned 60 days. It is now anticipated that drilling operations will be completed near the end of […]

  • 2 April 2012

    In the next few months Croatia intends to resolve the issue of state-owned shipyards that are losing money, in order to work out their major obstacles before joining the European Union next year, reports Reuters. Four out of five shipyards in Croatia are loss-makers kept afloat by large state subsidies that are contrary to EU […]

  • 2 April 2012

    Fluxys issues on the Belgian market a retail bond with a par value of €1,000 with a view to financing its investment programme and optimizing its balance sheet structure. The company expects to raise €100-350 million. Fluxys is to employ the bond issue to move towards a financial structure that is more in line with […]

  • 28 March 2012
    Business & Finance

    The Chamber of Shipping has today launched guidelines to assist shipping companies in the development of anti-corruption policies, with particular emphasis on the problem of facilitation payments. The document has been produced by the Chamber’s Legal, Insurance and Documentary Issues Committee as general guidance available for anyone who wishes to access it. The guidelines set […]