Business & Finance
Royal Moroccan Navy’s SIGMA Class Frigate Starts Sea Acceptance Trials
The 98 meters long SIGMA class frigate, the second built by Damen Schelde Naval Shipbuilding for the Royal Moroccan Navy, left Vlissingen on the 18th of November for her sea acceptance trials (SAT) in the North Sea, right on schedule as agreed in the contract. During the SAT, a very intensive progra
The Netherlands: Atlas Ship Delivery to Manage Two Offshore Wind Accommodation Vessels
In September Atlas Ship Delivery already brought the former passenger vessels from Sweden to Hardinxveld (The Netherlands) where the twins will be upgraded to luxury offshore energy accommodation vessels. Atlas Ship Delivery has now also been awarded with the management of these vessels by the owner
Forum Sells Five ROVs to MPL in Nigeria
Forum Energy Technologies, Inc. today announced the sale of five Perry XLX Heavy Work-Class Remote Operated Vehicle (ROV) systems to Marine Platforms Limited (MPL). MPL offers diverse oil and gas services to the upstream sector of the oil and gas industry in West Africa from their Lagos and Onne Fre
Singapore: ST Kinetics, Cargotec to Develop Automated Seaport Equipment
ST Kinetics, the land systems arm of ST Engineering, and Cargotec, on November 18, signed a cooperation agreement to develop automated seaport equipment. The parties have agreed to begin cooperation by developing prototypes and related systems for container terminal customers. ST Kinetics brings to
Norway: Oceaneering Enters Agreement to Acquire AGR Field Operations
Oceaneering International, Inc. announced that its wholly owned Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire AGR Field Operations (AGR FO) from AGR Group ASA and FieldCo Invest AS. AGR FO, headquartered in Bergen, Norway, is a provider of inspection, maint
Oceaneering Buying Norwegian Subsea Specialist AGR FO
Oceaneering International, Inc. announced that its wholly owned Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire AGR Field Operations (AGR FO) from AGR Group ASA and FieldCo Invest AS. AGR FO, headquartered in Bergen, Norway, is a provider of inspection, maint
Finland: Wartsila Completes Fuel Conversion of Product Tanker Bit Viking
The unique fuel conversion of the product tanker ‘Bit Viking’, from heavy fuel oil to gas operation, has been finalised and in October the vessel was handed over to the customer, Tarbit Shipping. The re-commissioned vessel is operated by Statoil along the Norwegian coastline, and the conversion carr
Greece: Capital Product Partners L.P. Announces Long-term Charter for MT Achilleas
Capital Product Partners L.P. announced that it has secured long-term fixed rate time charter employment with profit share arrangements for its remaining spot VLCC, the M/T ‘Achilleas.’ In particular, the M/T ‘Achilleas’ (297,863 dwt, built 2010 Universal Shipbuilding Corp.) has secured employment w
Denmark: TORM Cancels MR Tanker Newbuilding
TORM has entered into an agreement to cancel one MR product tanker newbuilding, which was scheduled for delivery in March 2013. The parties have agreed not to disclose the terms. “TORM has cancelled an MR newbuilding as part of the Company’s overall plan to preserve cash and delever the balance shee
UK: IMO Secretary-General Opens 27th IMO Assembly
The International Maritime Organization (IMO) has focused heavily on actions to stem climate change and to address piracy off the coast of Somalia, in what has been a busy and productive biennium for the Organization on the regulatory front, Secretary-General Efthimios E. Mitropoulos told delegates
Finland: Cargotec Wins IBJ’s Safety in Bulk Handling Award
For a third year running Cargotec has won an International Bulk Journal (IBJ) award for the technology that it offers the bulk-handling market; this year its new Siwertell sulphur safety system has taken top prize in IBJ’s safety in bulk handling awards Cargotec has developed a system, known as the
UK Government Reveals GBP 5m Found to Spark Offshore Wind Innovation
In the UK Renewables Roadmap published in July, DECC announced funding of up to £30m – subject to value for money assessments – for offshore wind innovation. DECC expects to fund two schemes under this programme, one of which is the Offshore Wind Component Technologies Development and Demonstration
Asia Needs International Oil Firms Despite NOCs Rise
Asia still needs international oil companies to continue to play a large and essential role in the oil and gas industry’s research and development activity, despite the rise of national oil companies, a group of the region’s oil and gas industry leaders has stated during the round table discussion e
Norway: Marlink Provides VSAT Communications for BGP’s Seismic Vessels
Chinese National Petroleum Cooperation subsidiary, BGP has named Marlink as its supplier of high quality and high capacity VSAT satellite communications for its fleet of advanced seismic vessels. The latest vessel to join the fleet is the 100m ‘BGP Prospector’ recently delivered from a leading Korea