Business & Finance
The Netherlands: Vos Prodect’s Cable Hang-off System Successfully Passes its Tests
Vos Prodect is proud to announce that the Cable Hang-off System has been qualified with the final product test, that had been executed with the presence of a well-known cable manufacturer on 13th July. The Cable Hang-off System has been engineered & developed in 6 months time frame in accordance wit
Norway: Noreco Appoints New Board Members
Norwegian Energy Company ASA (Noreco) today held an extraordinary general meeting. The Nomination Committee’s proposal for new board members was unanimously approved. After this, Noreco’s board of directors consists of the following members elected by the shareholders: Ståle Kyllingstad, chairperson
Norway: Noreco Appoints New Board Members
Norwegian Energy Company ASA (Noreco) today held an extraordinary general meeting. The Nomination Committee’s proposal for new board members was unanimously approved. After this, Noreco’s board of directors consists of the following members elected by the shareholders: Ståle Kyllingstad, chairperson
Divers Discover Wreck of 16th Century Swedish Warship
The wreck of a Swedish warship that historians hope is the Mars, head of king Erik XIV’s fleet before it sank in the Baltic in 1564, has been found off Sweden’s coast… (dawn) [mappress] Source: dawn, August 22, 2011
Norway: MMT Gets Moreano Survey Contract
MMT (Marin Mätteknik AB) was awarded the 2011 Mareano survey contract by the Norwegian Hydrographic Service. The survey was commenced in April – August 2011. The survey included bathymetric data acquisition and processing in area Nordland VI in the Norwegian Sea outside the Nordland region, West of
Greece: Star Bulk Takes Delivery of Capesize Vessel ‘Star Mega’
Star Bulk Carriers Corp., recently announced that it has taken delivery of the Star Mega (formerly, the Megalodon), a 1994-built, 170,631 dwt Capesize vessel. The vessel is time-chartered to a multinational mining company for a remaining period of 3 years at a gross daily rate of $24,500. About Star
UK: Fourth Edition of ‘Best Management Practices for Protection Against Somalia Based Piracy’
The fourth edition of the ‘Best Management Practices for Protection against Somalia Based Piracy’ (BMP4) has been launched. Supported by all major shipping associations, the Best Management Practices provides invaluable information to help all shipping companies, ship’s masters and crew to fully pre
UK: Petrofac 1H Revenues Up 25.2 pct
Petrofac today announced results for the first six months ended 30 June 2011. FINANCIAL HIGHLIGHTS Revenue up 25.2% to US$2,711.1 million (2010 restated: US$2,165.8 million) Net profit up 6.6% to US$246.3 million (2010 restated: US$231.0 million) Earnings per share (diluted) up 6.7% to 71.84 cents (
Norway: Noreco Sells Flyndre Discovery Share to Maersk Oil
Norwegian Energy Company has entered an agreement to sell its share of the Flyndre Paleocene discovery to Maersk Oil for a consideration of NOK 19 million. Flyndre Paleocene is a cross border discovery operated by Maersk Oil, of which the Norwegian part is located in license PL018C where Noreco hold
Ukraine: Chernomorsky Shipbuilding Finishes Construction of Big Freezer Trawler
Chernomorsky Shipbuilding Yard (Nikolaev) finished construction of big factory freezer trawler “General Troshev” for Russian company “Preobrazhenskaya Base of Trawling Fleet”. The vessel is intended for fishery by over-trawling and midwater trawling. The vessel is built on Russian Registry of Shippi
Germany: Flensburger Schiffbau-Gesellschaft Names and Launches Ro-Ro Vessel Seatruck Progress
Flensburger Schiffbau-Gesellschaft’s latest newbuilding, “Seatruck Progress” (Hull No. 746), was today successfully named and launched. She is the first of four identical ships ordered by the English shipping company Seatruck Ferries Ltd. “Building four ships one after another for a single custome
Norway: GC Rieber Shipping Agrees to Extend Charter for Subsea Vessel
GC Rieber Shipping and the subsea contractor Technocean has agreed on a one year extension of the charter regarding vessel “Polar Prince”. The time-charter with Technocean for the subsea vessel “Polar Prince” has been extended to September 2012. The vessel is engaged in subsea operations related to
Nord Stream Completes Final Weld at its Russian Landfall
The so-called “Golden Weld” – the final weld connecting its offshore and onshore parts – was completed on the first of Nord Stream’s twin pipelines today. The “Golden Weld” thus links the Russian landfall in Portovaya Bay with the pipeline across the Baltic Sea. In the coming days, Line 1 will be re
UK: ITF Calls for Innovative Solutions to Subsea Challenges
ITF is calling on technology developers to come forward with innovative solutions to subsea challenges, with the potential for successful… (subseauk) [mappress] Source: subseauk, August 22, 2011