Business & Finance
Norway: OceanSaver Provides Mark II BWT for Chemical Tankers Owned by CMM
OceanSaver has secured a contract to supply two Mark II ballast water treatment systems for two chemical tankers owned by CMM, a Greek-owned tanker company. The vessels will be constructed in South Korea at one of the major South Korean shipyards. The agreement with CMM represents OceanSaver’s first
Norway: First Oil Flows at Gaupe Field
Lundin Petroleum AB (Lundin Petroleum) announces that the Gaupe field, located in the Southern North Sea, offshore Norway, commenced production on 31 March 2012. The Gaupe field is located in PL292 and is adjacent to the Norway – United Kingdom (UK) border, some 225 km from the Norwegian mainland. T
Hamburg Sud Christens Its New Container Ship in Rotterdam, The Netherlands
Hamburg Süd celebrated the christening of the container ship “Santa Teresa” at the Cruise Terminal in Rotterdam (Netherlands). Sponsor of the “Santa Teresa” was Dr Angela Stieglitz, BASF SE. The “Santa Teresa” is the seventh newbuilding of a series of ten identical container vessels which feature a
Norway Approves Martin Linge Development Plan
Until now the licensees have referred to the field as Hild. Located in the northern part of the North Sea, the field is about 150 kilometres west of Kollsnes. Total investments in the development amount to about NOK 26 billion (US$4.2 billion)
Norway: Ocean Installer Wins Draugen Field LoI from Shell
The Norwegian subsea entrepreneur Ocean Installer and A/S Norske Shell signed 30.03.12 a Letter of Intent to award an important contract. The contract covers EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen f
Norway: Ocean Installer and Norske Shell Sign LoI for Draugen Field
The Norwegian subsea entrepreneur Ocean Installer and A/S Norske Shell signed 30.03.12 a Letter of Intent to award an important contract. The contract covers EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen f
Germany: SubCtech Successfully Tests New Deep-Sea Pressure Neutral FerryBox
After intensive research and the consolidation of the markets SubCtech has succeeded in the breakthrough that they always were waiting for. With company’s know-how in deepwater engineering and ship-measuring systems, they could combine the two business divisions. SubCtech proudly announced a success
Norway: Siem Offshore Extends Charter Contract for PSV Hugin Explorer
Siem Offshore and Fugro Geo Vessels AS (“the Charterer”), a subsidiary of Fugro Norway AS, has agreed to extend the bareboat charter of the PSV “Hugin Explorer” for a period of six years. The new period commenced 1 April 2012, and the Charterer has options to extend the bareboat charter with 1+1 yea
Norway: Fugro Extends Hugin Explorer PSV Charter
Siem Offshore and Fugro Geo Vessels AS (“the Charterer”), a subsidiary of Fugro Norway AS, has agreed to extend the bareboat charter of the PSV “Hugin Explorer” for a period of six years. The new period commenced 1 April 2012, and the Charterer has options to extend the bareboat charter with 1+1 yea
Damen Becomes New Operator of French Shiprepair Yard Sobrena
Damen Shipyards is the new operator of French shiprepair yard Sobrena. The yard will be renamed Damen Shiprepair Brest and will continue to serve the maritime and offshore industries with shiprepair and conversion services. The yard has three drydocks (up to 420 x 80 m) and will be available for rep
Greece: Diana Shipping Signs Agreement to Purchase Panamax Dry Bulk Carrier
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, on Friday, March 30, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v “Mining Star”,
UK: PLA Orders Mooring Maintenance Vessel from Manor Marine
The Port of London Authority (PLA) has placed a £6 million order for a Mooring Maintenance Vessel (MMV), with MPI Services (UK) Limited, trading as Manor Marine. The contract for the MMV is the PLA’s largest single investment in over 20 years. The vessel will replace the PLA’s two salvage ships, Cro
Norway: Subsea Sector Will Double in Size, Says Oil Analyst Jarand Rystad
The subsea adventure has just begun. Within five years the subsea sector will double in size, and within twenty years the subsea production will be on par with traditional oil and gas production offshore. – In five years, the subsea market is anticipated to grow from around $30 billion to between $6
Denmark: Ramboll Appoints New CEO
From 1 April 2012, Jens-Peter Saul (45) takes over the position as CEO of Ramboll from Flemming Bligaard Pedersen (63). This transition marks a generation change in the management of the largest consultancy company in the Nordics. Jens-Peter Saul holds a degree in engineering from the University of