Business & Finance
The Netherlands: Westmark’s P-Trap Finalist at Lloyd’s List Awards, Global 2011
Westmark BV’s anti-piracy product, P-Trap®, has been shortlisted for the Lloyd’s List Awards, Global 2011. The ceremony, taking place September 20 in London, is considered the shipping industry’s most acclaimed, credible and well-supported event. Each year, the Lloyd’s List Awards, Global acknowledg
UK: Shell Reports Successful Closure of Gannet Valve
Last Friday, Shell divers closed the relief valve from which oil had been seeping. No oil has been released from the flowline, or release valve, since that point. Continuous monitoring is being carried out to ensure that no releases have occurred. A reconnaissance flight on Tuesday evening reported
UK: SMart Wind Inks Two Agreements with The Crown Estate
SMart Wind, the joint venture between Mainstream Renewable Power and Siemens Project Ventures, today announced the signing of Agreements for Lease (AFLs) with The Crown Estate for the first two offshore wind projects in the Hornsea zone. The agreements, which secure options for the rights to use, as
TWMA to Handle and Dispose Damaged Subsea Structures from Gryphon Field (UK)
Gryphon field operator Maersk Oil has awarded TWMA a contract to handle and dispose of subsea structures and equipment damaged during the Gr… (engineerlive) [mappress] Source: engineerlive, August 25, 2011;
Croatia: Brodosplit Special Naval Shipyard Wins 60m Luxury Yacht Contract
The 60 meter ship will be able to accomodate 70 passengers on shorter routes in her two luxury equipped salons and other public spaces on three decks, while the owner and VIP guests will have three large cabins at their disposal, with 10 crew members. After three cruise ships built for US market fro
The Netherlands: Sea Trucks Appoints New CEO
Sea Trucks Group, one of the largest and fastest growing oil and gas marine contractors in West Africa, announced the appointment of Robert-Jan van Acker as its Chief Executive Officer. Mr. Robert van Acker (39) has over 13 years experience in the international marine industry. He joins Sea Trucks f
MMT Finishes NordLink Submarine Cable Survey Between Norway and Germany
In spring of this year MMT was awarded the marine route survey contract for the NordLink Submarine Cable. Since the mid nineties several power cable connections between Norway and Germany have been on the drawing board. The landfall areas in Norway have all been in the Lista and Fedafjorden area, wh
The Netherlands: Fugro Selects Paradigm Reverse Time Migration for its Seismic Data
Paradigm™ announced today that Fugro has selected the Paradigm Reverse Time Migration to meet its challenging depth imaging objectives. Reverse Time Migration is a preferred solution for imaging of seismic data in areas affected by complex wave phenomena, such as those encountered in the deep waters
Norway: Seadrill Posts Q2 Net Income of USD 645 Million
Seadrill today reported consolidated revenues for the second quarter 2011 of US$995 million compared to US$1,110 million for the first quarter 2011. The reduction is due to de-consolidation of Archer Limited from end of February. Highlights Seadrill generates second quarter 2011 EBITDA of US$579 mil
The Netherlands: Royal BAM Increases Revenue and Improves Results in First Half of 2011
Royal BAM , the largest construction group in the Netherlands, reported a higher-than-expected rise in first-half profit on Thursday as it s…More info: Royal BAM [mappress] Source: bam, August 25, 2011;
Subsea Specialists to Speak at Seminar in Aberdeen, UK
Two operational managers from Maersk Oil UK will explain how industry can benefit from lessons learned by others during a seminar in Aberdee… (maritime-executive) [mappress] Source: maritime-executive, August 25, 2011;
Wintershall Establishes New Board Department in Russia
The top management at Wintershall is acquiring additional support: the Board of Executive Directors of Wintershall Holding GmbH is currently being expanded from four to five board departments and Mario Mehren, currently a division head at Wintershall, will take over the new position from 1.10.2011.
Greece: DryShips Acquires Majority of OceanFreight Shares
DryShips Inc. and OceanFreight Inc. announced today that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight, under a purchase agreement entered into on July 26, 2011. These shares represent
The Netherlands: Heerema Orders New Hydraulic Underwater Hammer from Menck
Heerema Marine Contractors (HMC) signed a contract with offshore pile driving specialist Menck for the construction of a 3500kN hydraulic underwater hammer. The new hammer, the MHU-3500S, will be the world’s biggest and heaviest. At 25 meters long and with a 192 ton ram delivering 3500 kJ of energy,