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Business & Finance

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Vroon, Polarcus pen VOS Theia charter deal
Business & Finance

Vroon, Polarcus pen VOS Theia charter deal

Vroon is continuing its cooperation with the UAE-based seismic specialist Polarcus.

about 12 years ago
Saipem Awards ShawCor Another South Stream Job
Business & Finance

Saipem Awards ShawCor Another South Stream Job

ShawCor Ltd. announced that its field-applied pipeline coatings and services division, Canusa-CPS, has received a contract with a value of approximately Cdn $30 million from Saipem SpA to provide field joint coating services for Line 1 of the South Stream Offshore Pipeline. The South Stream Offshore

about 12 years ago
Newbuilding Market Still Not Overbooked
Business & Finance

Newbuilding Market Still Not Overbooked

Despite the overcapacity of ships on the market, which has been a hot topic recently, the newbuilding orders for ships don’t seem to be toning down. When speaking about bulk carriers, Pan Ocean has placed an order for two firm 207,000 DWT Newcastlemaxes at New Times, with both vessels due to deliv

about 12 years ago
N-KOM Joins Poseidon-Med Project
Business & Finance

N-KOM Joins Poseidon-Med Project

Qatar based Nakilat-Keppel Offshore & Marine Shipyard (N-KOM) has signed an agreement with HeLenGi Engineering for the retrofit of Greek ferries as part of the Poseidon-Med project. Poseidon-Med is the first LNG bunkering project in the Mediterranean and Adriatic Sea led and coordinated by QENERGY

about 12 years ago
Reducing Fatigue Risks onboard Oil Tankers and LNG Carriers
Business & Finance

Reducing Fatigue Risks onboard Oil Tankers and LNG Carriers

An enhanced Fatigue Design Assessment (FDA) Level 2 solution is now available in LR’s ShipRight software. It provides a robust tool which can help owners to reduce their risks. This first release covers oil tankers and membrane type LNG carriers. Lloyd’s Register has given designers, ship owners and

about 12 years ago
What Remedy Could There Be for Declining Freight Rates?
Business & Finance

What Remedy Could There Be for Declining Freight Rates?

Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financiáis of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. Drewry forecasts that once again, average frei

about 12 years ago
Unique System Installs Kongsberg EM 2040 Multibeam Echo Sounder on Bayanat Vessels
Business & Finance

Unique System Installs Kongsberg EM 2040 Multibeam Echo Sounder on Bayanat Vessels

Unique System FZE has recently supported a significant hydrographic project that included the installation of Kongsberg’s EM 2040 multibeam echo sounder units for “Bayanat for Mapping & Surveying Services (Bayanat)” in 2 different vessels at Abu Dhabi, UAE. Bayanat is a wholly-owned Mubadala company

about 12 years ago
When to Go on a Cruise?
Business & Finance

When to Go on a Cruise?

For travelers looking to book a significant deal on a cruise vacation, timing is everything. Therefore, it is of utmost importance to know what to take in mind especially if you want to strike a good deal. “A great deal for a cruise fare can range anywhere from $50 to $100 per person, per [&hellip

about 12 years ago
Unique System FZE Installs EM 2040 on Bayanat Vessels
Business & Finance

Unique System FZE Installs EM 2040 on Bayanat Vessels

Unique System FZE has recently supported a significant hydrographic project that included the installation of Kongsberg’s EM 2040 multibeam echo sounder units for “Bayanat for Mapping & Surveying Services (Bayanat)” in 2 different vessels at Abu Dhabi, UAE. Bayanat is a wholly-owned Mubadala company

about 12 years ago
DP World Chairman, Maldives President Discuss Future Cooperation
Business & Finance

DP World Chairman, Maldives President Discuss Future Cooperation

DP World Chairman HE Sultan Ahmed Bin Sulayem met with the Maldivian President His Excellency Abdulla Yameen Abdul ‎Gayoom and Minister of Economic Development His Excellency Mohamed Saeed, in Malé and during the meeting discussed potential areas of cooperation and ways in which economic relations c

about 12 years ago
WSS Sheds Light on Fuel Quality Concerns
Business & Finance

WSS Sheds Light on Fuel Quality Concerns

Wilhelmsen Ships Service (WSS) has responded to changes in the marine bunker market with a campaign that aims to help shipowners get the best from their residual and distillate fuels. A consistent reduction in the quality of fuels available to shipowners, the need to comply with IMO and EU regulatio

about 12 years ago
Keppel Nets $295 Mln Jobs on Kraken FPSO and SCV Vessel
Business & Finance

Keppel Nets $295 Mln Jobs on Kraken FPSO and SCV Vessel

Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly owned subsidiaries Keppel Shipyard Ltd and Keppel Singmarine Pte Ltd have secured contracts worth a total of S$368 million ($295 million). The contract secured by Keppel Shipyard is for the conversion of a Floating Production Storage and Offloading

about 12 years ago
Paris MoU Puts Liberian Registry on Top
Business & Finance

Paris MoU Puts Liberian Registry on Top

Liberia has been confirmed as the best-performing major ship registry worldwide over the last three years in the latest statistics from the Paris Memorandum of Understanding (MoU) on Port State Control. The Paris MoU statistics confirm that Liberia had the best detention rate during the last three y

about 12 years ago
Torm Sofia Fends Off Pirate Approach
Business & Finance

Torm Sofia Fends Off Pirate Approach

The crew of TORM Sofia, a tanker owned by Danish transportation company Torm specializing in carrying refined oil products, has deterred an approach by a group of pirates in the Gulf of Aden, the Arabian Sea on June 28. The company said that there were no injuries to crew, vessel, environment or car

about 12 years ago
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