Business & Finance
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
Russia: Nord Stream Completes “Golden Weld”
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
Spain: Balenciaga Shipyard Holds Launching Ceremony for ERRV Grampian Don
The first in a series of four new designated IMT950 emergency response and rescue vessels (ERRV’s) “Grampian Don” was launched at Balenciaga Shipyard in Spain on Tuesday this week. North Star Shipping, a division of the Craig Group, will use the brand new vessel to replace older tonnage. Principal C
UK: PD Ports Welcomes Four New RTG Cranes to Teesport
The four new RTG (rubber-tyred gantry) cranes delivered to Teesport today (18.08.11) are a key component of the current £16.7million expansion of the container terminals at Teesport and represent the biggest single equipment investment in the port since the container terminal opened in 2003. The Kon
Norwegian Ministry of Petroleum and Energy Pre-Qualifies Lukoil as NCS Operator
The Ministry of Petroleum and Energy has prequalified Lukoil Oil Company as an operator on the Norwegian Continental Shelf. Lukoil Oil Company is a major independent oil and gas company headquartered in Moscow, Russia. The company has more than 150 000 employees and extensive reserves, production an
Russian State Commission Accepts Tugboat Built by Pella Shipyard
Russian Maritime Register of Shipping accepted the tugboat “RB-43” building no. 926 of project 90600. At the moment the tug is transported by inland waterways to Novorossiysk, after that the tug will be put into operation at Black Sea Fleet. Azimuth tug of 90600 design is intended for harbor, coasta
Aker Solutions Aims to Create 500 New UK Jobs
International oil services company Aker Solutions aims to create 500 new UK jobs over the next year. In a bid to grow its business substantially, Norway-listed Aker Solutions is set to recruit 300 staff to its Aberdeen operation and create 200 positions at the company’s newly established west-London
Aker Solutions Aims to Create 500 New UK Jobs
International oil services company Aker Solutions aims to create 500 new UK jobs over the next year. In a bid to grow its business substantially, Norway-listed Aker Solutions is set to recruit 300 staff to its Aberdeen operation and create 200 positions at the company’s newly established west-London
Germany: LEHNKERING Adds Modern Double-hulled Gas Tanker to Its Fleet
LEHNKERING Reederei GmbH is adding a modern double-hulled gas tanker to its inland waterway fleet. The newly constructed liquid gas vessel LRG GAS 88 picked up its first load in the Netherlands and is currently being used to ship propylene and propane. LRG GAS 88 is the 17th vessel in the company’s
UK: ICS Releases Guidance on Arms and Guards on Board Vessels
The International Chamber of Shipping (ICS in association with the European Community Shipowners’ Associations (ECSA), has compiled a useful reference document collating the policy and rules of Flag States on the carriage of arms and private armed guards on board vessels. The document, providing tab
Jee Hires 6 Graduate Engineers (UK)
As Jee’s plans for growth continue announces the addition of 6 graduate engineers. “We have a rigorous recruitment process and only hire the very best,” said Trevor Jee, Managing Director. “These graduates impressed us with their exceptional technical ability and interest in the industry. “We are pr
The Netherlands: Dockwise Reports Q2 Revenues of USD 109 Million
Dockwise Ltd. today published results for the three month and Half Year periods ended June 30, 2011. Financial Highlights Q2 2011 Revenues of USD 109 million (USD 89 million in Q1 2011); EBITDA of USD 35 million (USD 29 million in Q1 2011); Operating margin of 32% (32% in Q1 2011); Net profit of USD
The Netherlands: Dockwise Reports Q2 Revenues of USD 109 Million
Dockwise Ltd. today published results for the three month and Half Year periods ended June 30, 2011. Financial Highlights Q2 2011 Revenues of USD 109 million (USD 89 million in Q1 2011); EBITDA of USD 35 million (USD 29 million in Q1 2011); Operating margin of 32% (32% in Q1 2011); Net profit of USD
Norway: Statoil Extends Contracts for Two PSVs
Statoil ASA has declared its option for one year extended period for the Time Charter party with Eidesvik Offshore ASA, (through its subsidiary Eidesvik Shipping AS), for the environmental friendly LNG power PSV “Viking Queen”. The extended period starts primo November 2011. Statoil has further two