Business & Finance
UK: First Certification Audit for Northern Marine Management
Leading international classification society Bureau Veritas has completed the first certification audit of any shipping company in the world to the new standard ISO 50001- 2011 – Energy Management Systems. Stena’s ship management division, Northern Marine Management Ltd including Northern Marine Ma
Finland: Wartsila Makes New Appointments to Its Board of Management
As regulatory developments have become an increasingly important strategic driver for Wärtsilä businesses, Wärtsilä has decided to strengthen its activities to enhance and promote the policy framework fostering the strategic business targets. The following appointments have been made within Wärtsilä
Norway: CSIRO Awards Contract to Rapp Hydema and Triplex for Investigator Vessel
Rapp Hydema and Triplex have just been awarded a massive deck machinery contract for Australia’s Commonwealth Scientific and Research Organization (CSIRO). CSIRO selected Teekay Holdings Australia and Sembawang Shipyard Pte Ltd to carry out the design, build and commissioning of the vessel. Sembawan
STX Finland to Construct Next Generation of OPV
On 21 December 2011, STX Finland Oy and the Finnish Border Guard signed an agreement on construction of a next generation offshore patrol vessel. The vessel will be built at the STX Rauma shipyard and delivered to the customer in November 2013. The highly advanced vessel will be 96 metres long and
Norway: Banks Support Det Norske with USD 500 Million Loan
Det norske oljeselskap ASA announced today a fully underwritten, 500 million dollar revolving corporate credit facility*. The facility contains an uncommitted increase feature (accordion) which, if fully utilized, would increase the facility amount by up to a maximum amount of 100 million dollar. Th
Germany: TTS Marine Provides Cranes for Six Bulk Carriers
Through its subsidiary TTS Marine GmbH in Bremen, TTS Marine ASA has signed a contract worth approximately 63,2 MNOK with Hyundai Mipo Dockyards in South Korea. The contract concerns delivery of 24 cranes for six bulk carriers. The vessels will be built for a Turkish owner. The delivery will take p
Ukraine: Zaliv Shipyard Secures New Floating Dock Contract
One of the new contracts that filled up Zaliv shipyard’s port-folio became the contract for construction of the floating dock with the total weight of 1217 tons for the company from Portugal. Signing of this contract finely blends the diversification politics of the shipyard as far for the present m
UK: Hess Hires WilPhoenix Rig
On October 6 Awilco Drilling PLC signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields. Yesterday, Awilco confirmed that the contract is signed and is due to commence late Q1 2012. The contrac
Research and Markets Publishes E.ON UK SWOT Analysis
Research and Markets announced addition to its reports, E.ON UK Plc – – SWOT Analysis. E.ON UK is one of the top power suppliers and producers in the UK. A subsidiary of German utility E.ON, the company has operations in electricity generation and supply. The company is headquartered in Coventry, En
Ireland: TBS International to Deleverage Its Balance Sheet and Refresh Its Fleet
TBS International plc today announced that it has reached agreements with its bank lenders on terms to reduce its leverage and refresh its fleet. As part of these agreements, TBS and the syndicates led by Bank of America and DVB Group Merchant Bank have agreed on terms to restructure outstanding in
UK: Total, Expro Ink Frame Agreement for AX-S Subsea Technology
UK based oilfield services company Expro has signed a frame agreement for the further advancement of its ground-breaking AX-S™ subsea well intervention technology. Total E&P UK Ltd, the Aberdeen- based subsidiary of the Total Group, has signed a long- term frame agreement with Expro. The signing of
Drilling Rig COSLInnovator Sails to Norway
The second semi-submersible drilling rig COSLInnovator built by Yantai CIMC Raffles Offshore Ltd for COSL Drilling Europe AS (CDE) was departed on 8:00 AM 21th Dec 2011. After the departure, COSLinnovator will sail to Norway by the 6 thrusters themselves, and will pass Singapore, Cape of Good Hope,
The Netherlands: Ballast Nedam to Adjust Capacity of Infra Regional Companies
Ballast Nedam is to adjust the capacity of the Infra regional companies in response to deteriorating market conditions. The regional companies have been unable to contribute positively to overall operating results. The regional companies are still to a large degree dependent on public tenders for se
Eni Strengthens Presence in Angola with New PSC
Eni, Italian oil company, has been present in Angola since 1980. Yesterday, Eni and Sonangol E.P. signed in Luanda a Production Sharing Contract (PSC) for the exploration of Block 35, which is situated in deepwater offshore Angola, 150km off the coast of the capital Luanda. The Block covers approxim