Business & Finance
Denmark: Empresa Naviera Elcano Orders MAN Propulsion Package
Spanish concern Empresa Naviera Elcano, S.A., the international shipping group, has placed an order for two medium-speed MAN L27/38 engines as part of a propulsion package for a new vessel. The units will be constructed at the MAN Diesel & Turbo facility in Frederikshavn, Denmark, and will power a 7
Swire Acquires Norway’s Subsea Specialist
Swire Pacific Offshore Operations (Pte) Limited (SPO) today announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his team will contin
Russia: Sevmash Shipyard to Conduct Sea Trials on INS Vikramaditya in May
Designers of JSC Sevmash shipyard are resolving complex technical issues when working on Project 11430 aircraft carrier INS Vikramaditya being modernized for Indian Navy, reports the shipyard’s press service. For Sevmash, INS Vikramaditya is one of the major projects to be completed in 2012. Main we
Norway: NPD to Acquire Seismic in Northeastern Sector of Barents Sea
The Government has decided that the NPD will map the geology in the northeastern part of Norway’s new sea area in the Barents Sea. According to the plan, the seismic surveys will start this summer and continue into 2013. This will provide important knowledge regarding possible oil and gas resources
UK: Aberdeen Harbour to Receive 10 Cruise Calls this Summer
Aberdeen Harbour is preparing to welcome 10 cruise calls this summer, with four vessels making their first ever visits to the city. The arrival of Rembrandt van Rijn on May 5, will signal the start of the season. A 168-foot passenger ship, Rembrandt will spend a day berthed at the port, before embar
Norway: GMC Yard to Modify AMC Connector
The AMC Connector, the largest and most advanced cable- and pipe-laying vessel for deep ocean operations has arrived to Stavanger, Norway, to undergo modifications. The vessel will be docked at GMC Yard in Buøy outside Stavanger until March 11th 2012. The 156-meter long multi-purpose vessel, AMC Con
UK: Centrica Buys Total’s North Sea Assets for USD 388 mln
UK’s Centrica plc, has reached an agreement with Total E&P UK Limited to buy its non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is alloc
Swire Pacific Offshore Acquires Norwegian Seabed AS
Swire Pacific Offshore Operations (Pte) Limited (SPO) announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his experienced team will
Monaco: Scorpio Tankers Announces Newbuilding, Sales and Charter Agreements
Scorpio Tankers Inc. announced today that it has signed a contract with Hyundai Mipo Dockyard Co., Ltd. of South Korea to construct a 52,000 DWT MR product tanker, entered into agreements to sell three of its Handymax vessels, and agreed to time charter-in two MR product tankers. Newbuilding Vessel
UK: IMO – Polar Code Guidelines and Standards Under Construction
The International Maritime Organization (IMO) is developing a mandatory Polar Code in order to set standards for ship construction and operation in polar waters, according to INTERTANKO’s Technical Director, Dragos Rauta, who was at IMO this week. The Polar Code will be based on an existing set of I
Dutch OSD Seal 10 PSV Design Contracts
Offshore Ship Designers (OSD), headquartered in The Netherlands has secured ten new design contracts for large diesel-electric Platform Supply Vessels for two major offshore operators building at three shipyards in Brazil, Japan and Spain. Swire Pacific Offshore Operations (Pte) Limited has ordered
Norway: Technip Wins Contract for Åsgard Subsea Compression Project
In connection with the development of the world’s first seabed gas compression facility on the Åsgard field, Technip Norway has been awarded the contract for the marine operations of the project. The contract is valued at NOK 1,2 billion. Åsgard seabed gas compression is expected to increase recover
Norway: Technip to Install Subsea Compression System on Asgard
Technip has been awarded by Statoil a contract, valued above €150million (198.5 million U.S. dollars), for the major Åsgard Subsea Compression project located in the Norwegian Sea, 40 kilometers East of the Åsgard field, at a water depth of 340 meters. The contract covers the installation of the sub
Ministers Appoint Chair of HIE (UK)
Professor Lorne Crerar has been appointed by Ministers as Chair of Highlands and Islands Enterprise (HIE). Lorne is a founding partner and Chairman of Scottish commercial law firm Harper Macleod LLP, which has offices in Glasgow, Edinburgh and Inverness and has held the part-time Chair of Banking La