Business & Finance
EU Commission Authorises Swedish Plans to Grant EUR 15 M for Wave Power Development
The European Commission has authorised Swedish plans to grant SEK139 million (ca. € 15 million) towards the development of a wave energy production demonstration plant by Seabased Industry AB. The production of energy from sea waves has been in development for some years, but has still not reached t
Greece: Diana Shipping Enters Into Time Charter Contract for MV Erato
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Hyundai Merchant Marine Co. Ltd, Seoul, South Korea, for one of its Panamax dry bulk carriers, the m/v Erato, at a gro
UK: Ferguson Shipbuilders, CMAL Ink Shipbuilding Contracts for Two Hybrid Ferries
Following last week’s announcement that Ferguson Shipbuilders, Port Glasgow, Scotland had been named as the preferred bidder for the contract to build the world’s first two sea going Roll On Roll Off vehicle and passenger diesel electric hybrid ferries, Caledonian Maritime Assets Limited (CMAL) and
The Netherlands: Hakvoort Shipyard to Present Ocean Going Motoryacht YN 247
YN 247 will feature a full-beam master stateroom and owner’s study on the main deck. Eight guests will enjoy first class accommodation in four cabins, with dedicated quarters for the captain and four crew members. There will be a special garage for the tender in the lazarette, which will be located
UK: Tidal Transit’s MCA CAT 1 OWSV Hits Water
MV Ginny Louise will be in UK waters in early December. She will be touring the UK’s East Coast in December starting in Southampton and stopping at Ramsgate, Sheerness, Brightlingsea, Harwich, Felixstowe, Lowestoft, Great Yarmouth, Wells-next-the-Sea and Grimsby. MV Eden Rose due in the UK in Januar
Norway: Aker Solutions to Supply Production Equipment for Brynhild Project
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million (USD 123 Million). The scope of work includes one template
The Netherlands: APM Terminals Reports Strong Q3 Results
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September
Norway: Aker Solutions Wins Subsea Contract for Brynhild Field
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Norway: Lundin Petroleum Receives Approval for Brynhild Field Development
Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild
Norway Approves Brynhild Field Development Plan
Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First product
LIOS Provides 40 pct Increase in Power Transmission Capacity Between Finland and Sweden
For two major North European utilities ( Fingrid Oyj and Svenska Kraftnät ) LIOS Technology provided its most advanced multimode Distributed Temperature Sensing (DTS) systems to monitor the HVDC subsea link between the two utility grids. The electricity transmission connection is crossing the Gulf o
The Netherlands: APM Terminals Reports Strong Q3 Results
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September a
ACCIONA Triples Net Profit Reported in Same Period Last Year (Spain)
ACCIONA obtained a net profit of 314 million euros in 9M 2011, tripling the 101 million euros reported in the same period of 2010. Group EBITDA amounted to 934 million euros, a 14.8% increase vs. 9M 2010 and revenues grew 5% to 4,796 million euros. EBITDA growth was mainly due to the positive perfor
UK: RBG Launches iBolt Software for Flange Management Safety
RBG has launched its new ‘iBolt’ flange integrity management software that improves the safety, efficiency and cost-effectiveness of bolting operations. The easy to use, web-based system provides a complete auditable record of all activity carried out on flange management workscopes from topside to