Business & Finance
Isle of Man Ship Registry Backs Seafarers’ Rights and Strengthens Commitment to Asia
Protecting Seafarers’ interests Seafarers’ rights took a significant step forward after a “Declaration of Principles” agreement was signed which gives seafarers serving on Isle of Man-registered ships better living and employment conditions and pay. Formalising years of hard work to protect seafarer
Ecosse Subsea Systems Marks 16th Anniversary with Turnover Increase (UK)
Subsea UK News reports that Aberdeen-based Ecosse Subsea Systems has marked its 16th anniversary with news they have received two … SubseaUK [mappress] Source: SubseaUK, September 20, 2011;
Finland: Wartsila DF Engines Exceed 3 Million Running Hours
Wärtsilä’s dual-fuel engines have exceeded 3 million running hours in both land-based and marine applications. This milestone represents a dual-fuel technology track record that cannot be matched by any other engine manufacturer. Wärtsilä, a global leader in complete lifecycle power solutions for th
NIB Loans USD 328m to Dong Energy for Anholt Offshore Wind Park (Denmark)
The Nordic Investment Bank (NIB) and Danish energy company DONG Energy have signed a loan totalling EUR 240 million ($328 million) for financing the Anholt offshore wind farm. The loan has a maturity of 10 years and will partly finance the construction of what will become one of the world’s largest
Norway: Eitzen Chemical to Terminate Two Charterparties
Eitzen Chemical ASA reports that it has negotiated the cancellation of two operational bareboat leases for the vessels Sichem Pandora and Sichem Padua, both coated 9,200 dwt, built in 1994 and 1993, respectively. The Company will pay cash cancellation compensation to the owner of approximately USD 2
Stena Line Announces Super Ships to Shape Future of Northern Ireland Ferry Travel
Stena Line announced the refurbishment of two giant ships that the company will be introducing on the Irish Sea later this year. The identical ‘sister’ ships ‘Stena Superfast VII’ and ‘Superfast VIII’ will be the biggest ferries ever to sail between Northern Ireland and Scotland and will undergo a r
WGP Secures Contract to Convert Tanganyika Explorer into 2D Survey Vessel (Burundi)
After an extensive feasibility study, WGP Exploration Limited has been awarded a contract by Surestream Petroleum to convert a vessel to carry out 2D acquisition on Lake Tanganyika in Burundi, Africa. WGP will be converting the Tanganyika Explorer, an ex-UN fisheries vessel originally designed for e
Terra et Aqua: In Dredging, Efficiency and Cost-Effectiveness Are Everybody’s Business
When it comes to dredging and maritime infrastructure projects, everyone in the major international dredging companies is examining and re-examining how they do business. And that includes scrutinising all aspects of the business, like contracts and procurement; environment and sustainability; appro
Armed Dutch Marines to Protect Dockwise’s Vessel through Piracy-prone Waters
Armed Dutch marines will be on board the specialist semi-submersible vessel Mighty Servant 3 when it makes a 14-day journey through piracy-prone waters from Singapore to the Middle East port of Sharjah. A spokesman for the Dutch shipping company confirmed that the marines will embark the low-freeboa
Subsea 7 Announces Review of Strategic Alternatives for NKT Flexibles (Denmark)
Since 1999 NKT Flexibles has been operated as a joint venture between NKT Holding (51%) and Subsea 7 S.A. (49%). During this period the Company has developed a product offering including dynamic and static risers, static flow-lines, subsea jumpers, topside jumpers and expansion joints. The Company e
The Netherlands: IADC Presents Facts About Early Contractor Involvement
Not every project needs the early involvement of contractors. But complicated mega projects demand imaginative and innovative approaches. These projects – new and expanded ports, major coastal protection and large reclamation areas in sensitive environments – require solutions which take advantage o
UK: Digital Maritime Organisation Regs4ships Celebrates 10-year Anniversary
On Thursday 15 September 2011, local city champions, colleagues and customers joined to celebrate the ten-year anniversary of Regs4ships Limited, a digital maritime organisation based in the heart of Southampton. Guests, including His Right Worshipful The Mayor of Southampton Councillor Terry Matthe
Norway: Dong Receives Consent to Use Aker Barents in Barents Sea
Dong E&P Norge AS (Dong) has received consent to carry out exploration drilling in the Barents Sea with the Aker Barents mobile facility. The consent relates to drilling of exploration well 7121/9-1 which is part of production licence 518 with DONG E&P Norge AS as the operator (40%). The other licen
Spain: Repsol, BSC Open Joint Research Centre
The Spanish Minister of Science and Innovation Cristina Garmendia, the Catalonian Regional Minister of Economy and Knowledge Andreu Mas-Colell, BSC executives, and Repsol Chairman and CEO Antonio Brufau yesterday jointly presided over the opening of the Repsol–BSC Research Center. The opening was pr