Business & Finance
MV Titania Gets New Becker Intelligent Monitoring Systems (Germany)
The first Becker Intelligent Monitoring System (BIMS) was recently installed on the new Car Carrier MV Titania of Wilh. Wilhelmsen. BIMS is an innovative development to enhance capabilities of high-performance manoeuvring. The new system is monitoring current forces and torque on the rudder while pr
Germany: GL – New Rules for Offshore Wind Service Vessels
Germanischer Lloyd (GL) announces the release of the first comprehensive set of classification rules for Crew Boats and Offshore Wind Farm Service Craft. As the energy industry expands and installations are pushed ever further offshore and into more challenging environments, the vessels servicing th
Germany: HOCHTIEF Expects Brighter Future After Setbacks in 2011
HOCHTIEF went through many challenges in 2011: The Group’s strong operating business with a new record order backlog of almost EUR 49 billion was countered by severe setbacks in two projects and its Habtoor Leighton joint venture (Dubai). The Group was unable to offset them in full and incurred an o
Germany: HOCHTIEF Expects Brighter Future After Setbacks in 2011
HOCHTIEF went through many challenges in 2011: The Group’s strong operating business with a new record order backlog of almost EUR 49 billion was countered by severe setbacks in two projects and its Habtoor Leighton joint venture (Dubai). The Group was unable to offset them in full and incurred an o
Norway: Kongsberg Reports Solid First Quarter Results
Kongsberg Gruppen (KONGSBERG) reported a solid first quarter in 2012. Q1 operating revenues came to MNOK 3 836, and the EBITA totalled MNOK 482. This resulted in an EBITA margin for the Group of 12.6 per cent, compared with 13.8 per cent in Q1 2011. Earnings per share (EPS) came to NOK 2.66 in Q1 [&
Germany: E.ON’s 2011 Earning Down
E.ON released financial result for 2011. “Despite a difficult business environment, we have made very good progress in implementing our strategy and reorganizing our company. We moved resolutely forward on our consolidation course; the worst adverse effects are behind us. E.ON 2.0, our efficiency-en
Germany: GL Releases Rules Updates for Seagoing Ships and Naval Vessels
Germanischer Lloyd (GL) has released updates to its Rules for Seagoing Ships and Naval Vessels. The updated Rules came into effect on 1 May 2012. Changes have been made to the following GL Rules for Seagoing Ships: Classification and Surveys, Hull Structures, Machinery Installations, Electrical Inst
UK: Plexus Receives New Order from BG Group
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces a new order worth £1.3 million from BG International Ltd (‘BG International’), a wholly owned subsidiary of BG Group plc, to su
The Netherlands: Vroon Offshore Receives New Addition to Its Fleet
Vroon Offshore Services announce that they have taken delivery of a new addition to their offshore fleet. The VOS Thalassa, a 1,400 dwt anchor handling tug support (AHTS) vessel built at the Fujian SouthEast Shipyard in China, was delivered yesterday, 2 May 2012, from the Shipyard. VOS Thalassa will
UK: EDF Protects Marine Life at Teesside Offshore Wind Farm
As work progresses on the installation of the new Teesside Offshore Windfarm, special measures are being taken to ensure the protection of marine mammals and other wildlife. The wind farm being established by EDF Energy Renewables is located 1.5km off the north east coast at South Gare, Redcar. Work
The Netherlands: Van Nes Field Produces First Gas
Dana Petroleum plc announced that on 30 April 2012, first gas production began from the Van Nes field located in block P11b within the Medway development area (Dana 50% and operator, EBN 50%). The subsea well, located on the Dutch continental shelf approximately 60 km north west of The Hague, will p
UK: Suncor, Awilco Pen LOI for WilHunter Rig
UK-based drilling contractor Awilco Drilling PLC has signed a Letter of Intent (LOI) with Suncor Energy to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days. The contract value for the firm well is estimated to be around USD 19.2 million. The second well u
Russia: Sovcomflot, SIBUR Enter Long-Term Charter Agreement for Two LPG Tankers
On 27 March 2012 SCF Group (Sovcomflot)- Russia’s largest shipowner, and oil and chemical holding SIBUR – a national leader in oil and chemical industry, signed a long-term charter agreement for two gas tankers to perform regular year-round transportation of SIBUR liquefied petroleum gas (LPG). SIBU
Greece: Diana Shipping Takes Delivery of Panamax Dry Bulk Carrier MV Melia
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that on May 1, 2012 it took delivery of the m/v “Melia”, (formerly “Mining Star”), a 2005 built Panamax dry bulk carrier of 76,225 dwt that the Company entered into an agreement