Business & Finance
USA: Schlumberger, NOV Complete Wilson Transaction
Schlumberger Limited has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Founded in 1921, Wilson is a leading distributo
Denmark: Maersk Line Announces Restructuring of Its Centre Organisation
Today, Maersk Line announced that it will restructure its global HQ function (Centre). The new Centre organisation will be presented on 12 June and be initiated immediately thereafter. It is expected that a consequence of the new organisation is a reduction of the number of positions in Centre by ap
Germany: GL Holds Container Ship Forum
Germanischer Lloyd (GL) gathered a group of clients together in Hamburg for a Forum to examine the latest developments in container stowage and transport. The Forum, one of many held by GL on a regular basis around the world, looked at how, in a time where the market is especially tight, added flexi
NOAA: USA and Europe Strengthen Scientific Cooperation
Top leaders from NOAA and the European Commission’s Joint Research Centre (JRC) signed a landmark agreement that will further strengthen cooperative… [mappress] Source: NOAA , June 01, 2012; Image: NOAA
Denmark: LM Wind Power CEO Leaves Company
LM Wind Power, the world’s leading wind turbine blade manufacturer, supplier of components and services to the wind industry announced that CEO Roland Sundén is leaving after six years with the company. His successor will be the subject of a future announcement. The senior management team remains co
Delivery Ceremony for Cruise Ship Carnival Breeze (Italy)
At a traditional maritime handover ceremony held yesterday at the Fincantieri shipyard in Monfalcone, Italy, Carnival Cruise Lines took delivery of the new 130,000-ton Carnival Breeze, the 24th vessel in the line’s fleet. Carnival Breeze will depart on its inaugural cruise from Venice this Sunday, J
Voith Presents New Vessel Propulsion Control System in Spain
Voith will display a functional model of the new vessel propulsion control system for Voith Schneider Propellers and Voith Radial Propellers at the ITS (International Tug, Salvage & OSV Convention) in Barcelona from May 28 to June 01, 2012. The new system offers various new electronic control and as
Fairstar – Delivery of Semi-Submersible Vessel FORTE (China)
Fairstar Heavy Transport N.V. (FAIR) has taken delivery of the FORTE. The closing documentation has been completed to the satisfaction of Fairstar’s bankers, classification society and the Dutch Flag State. Fairstar has drawn down on the USD 247 million facility led by ING Bank and effected all outs
Maersk Drilling Wins Rig Charter Contract from Statoil
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
Maersk’s Jack-Up Rig for Statoil’s Dagny Field (Norway)
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
UK: DW Forecasts Expenditure of USD 135 bln on Subsea Hardware over Next 5 Years
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
Douglas-Westwood Forecasts USD 135 bln Expenditure on Subsea Hardware over 5 Years
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
ERRIA Hands Over MT ERRIA NIMMER to Uni-Tankers in Greece
ERRIA, a shipping company specialized in providing administrative ship management, announced today, May 15th 2012, that it has sold and transferred vessel named ERRIA NIMMER in Iraklion in Crete, to the Uni-Tankers shipping line. MT ERRIA NIMMER is the seventh of nine vessels that the company is pla
Greece: Delphin Shipping Adds Super Fuel-Saver to Its Fleet
Greek ship operator Delphin Shipping has pioneered a fuel-saving supramax bulk carrier that burns 14% less fuel oil than other vessels of its class, type and size. The vessel, Aquila, was based on a Chinese design by Shanghai Ship Research and Design Institute (SDARI), with a unique propulsion devic