Business & Finance
Eniram Recognized as Fastest Growing Company in Finland by Deloitte Fast 50
Eniram Limited, a provider of data analytics software for the shipping and marine industry, has been named the fastest growing company in Finland in the Deloitte Fast 50, recognising the company’s meteoric expansion over the last 5 years. This is a prestigious accolade for Helsinki-based Eniram and
Norway: Farstad Shipping Wins Charter Contracts
Farstad Shipping has been awarded the charter contract for AHTS Far Scout (2001, UT 722L, 18.700 BHP) by Petrobras in Brasil for a 2 year and another 1 year option for PSV Far Splendour (2003, P 106, 3.503 DWT) has been exercised with the North Sea Peterson. Total value of the contracts is approxima
Germany: Meyer Werft Starts Construction of LNG Tanker for Anthony Veder
After designing a new prototype at the computer the innovative newbuild begins to take shape: The steel cutting of the first LNG carrier with a so-called dual-fuel engine for Anthony Veder (Rotterdam/NL) marks a new era. The new tanker for the transport of Liquefied Natural Gas will have a length ov
Norway: MMT Completes Mareano Survey in Barents Sea
MMT has successfully finalized the additional work for the Mareano 2011 Barents Sea project—a hydrographic survey performed in the Arctic region located off the north coast of Norway and along the Russian border. The additional project work included bathymetric data acquisition and processing north
UK: Weatherford Uses CorDEX’s Camera in Offshore Operations
International oilfield services company Weatherford is capturing photographs in challenging environments without the need for a ‘hot permit’. Always on the look-out for ways to improve offshore working processes, Weatherford was eager to find out more about CorDEX Instrument’s ToughPIX 2300 XP Serie
Importance of Setting ‘Binding Targets’ for Renewables (Belgium)
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
Importance of Setting ‘Binding Targets’ for Renewables (Belgium)
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
Greater Consolidation for Wind Energy Market with Fewer but Stronger Participants (UK)
The European wind energy market is just starting to recover from the economic downturn in 2009. As demand stabilises, steady growth is forecast. At the same time, the market is poised for greater consolidation that will result in the emergence of fewer but stronger participants. New analysis from Fr
Germany: Maersk Line Goes Under Spotlight at Intermodal Europe
It has been a year of change for Maersk Line and at Intermodal Europe, on 29 November 2011, the carrier’s new business strategy will be placed under the spotlight during a special one-on-one interview with Søren Toft, Vice President of Operations at Maersk Line. The carrier’s Manifesto for Change, a
Norway: DNO’s Financial Position Stronger than Ever, CEO Says
DNO International ASA is reporting net profit of NOK 299 million for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company delivered a Working [
Holland MT, FKAB Marine Secure Dredger Design Contract from Taiwanese Shipyard
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel
Taiwan: FKAB, Holland MT Win Design Contract for 2400 m3 TSHD
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel
Norway: Technip Wins Two-Year Contract Extension for Pipeline Repair Services
Technip was awarded the options for a two-year extension of the Statoil PRS Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operation
SSE Publishes Half Year Results (UK)
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the