Business & Finance
USA: Drew Marine Unveils Plans to Acquire Chemring Marine
Affiliates of Drew Marine have reached a definitive agreement with Chemring Group PLC to acquire Chemring’s maritime interests for a cash consideration of 32 million pounds, subject to standard closing adjustments. Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safe
Talisman Contracts EnerMech for Offshore Cranes Management (UK)
Mechanical engineering group EnerMech has been awarded a multi-million pound contract to manage the UK North Sea offshore crane assets of Talisman Energy (UK) Limited. The five-year contract, with two additional one year options, is the Aberdeen-based mechanical engineering group’s largest single co
Poland: Gdańsk Maritime Institute Announces ROV Platform Installation Tender
Maritime Institute in Gdańsk has announced a tender of a total value of 463,226 EUR (580.000 USD). The project includes the work of supply and installation of a stand-alone platform for ROV sampling and phyto-zoobenthos and marine environment measurements and the installation on board the awarding v
Norway: Ulstein Gets Order for Four PSVs from Blue Ship Invest
Market trends and very good feedback from the first ship in operation triggers Blue Ship Invest to contract another four platform supply vessels (PSVs) of the PX121 design from ULSTEIN. All four are scheduled for delivery in 2013. The investment company Blue Ship Invest received its first vessel, ‘B
France: Bureau Veritas Ends Certification of Iranian Vessels
On June 6 United Against Nuclear Iran (UANI) applauded the French shipping service, Bureau Veritas, for pledging to end its certification of Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (“IRISL”) and the National Iranian Tanker Company (“NITC”). UANI co
Blue Ship Orders Four Platform Supply Vessels from Ulstein (Norway)
Market trends and very good feedback from the first ship in operation triggers Blue Ship Invest to contract another four platform supply vessels (PSVs) of the PX121 design from ULSTEIN. All four are scheduled for delivery in 2013. “The investment company Blue Ship Invest received its first vessel, ‘
AREVA Director Appointed to Board of RenewableUK
Julian Brown, AREVA Wind’s Country Director for the UK, has been elected to the board of RenewableUK, the country’s leading renewable energy trade association. He will be one of the 12 board members of the body which represents the UK wind and marine (tidal and wave) industry. “It is an honour to be
GSP Saturn Rig Spuds Its First North Sea Well (The Netherlands)
GSP Offshore, a company based in Romania, announced that its GSP Saturn jack-up rig on Tuesday began the drilling operations in the Dutch Sector of the North Sea under the contract with Wintershall Noordzee B.V. GSP Saturn will operate under the current contract, signed in March 2012, for an initial
Norway: Atlantic Offshore Sells Its Oldest PSV
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
Poland: University of Gdańsk Invites Tenders for Supply of Research Vessel
University of Gdańsk has announced a tender invitation for the supply of a research vessel. This specialized research vessel would be used for operations in the Baltic Sea. The vessel should be a specialized catamaran for scientific research, inter-disciplinary marine research and training students.
Norway: Kongsberg Protects IT Systems with NSP
Norman ASA, a global security leader, enters an OEM agreement where it will supply the Norman SCADA Protection (NSP) system to Kongsberg Maritime. KONGSBERG will use the NSP security solution in its maritime systems that it supplies worldwide. Kongsberg Maritime is a leading global supplier of marit
Dolphin Secures Cash for Drillship Under Construction (Norway)
Dolphin International AS, a subsidiary of Fred. Olsen Energy ASA, has signed a new five year bank credit facility of up to USD 1.500 million. The credit facility will be used to prepay existing bank loans, full-finance the newbuild Bolette Dolphin, under construction at Hyundai Heavy Industries’ shi
Greece: Ship Financing under Posidonia Spotlight
A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year’s Posidonia Exhibition heard that increasing defaults on existing financing agre
Norway: Atlantic Offshore Sells ‘Ocean Scout’ Vessel
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir