Business & Finance
UAE: Delayed Deliveries Lead to 1H Loss of USD 45 Million for Lamprell
Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, made the following announcement: Following the Company’s Trading Update of 7 June, the Company has been undertaking a further review of its financial position and as a result has n
USA: Port of Seattle Gets Three More Super Post Panamax Cranes
The Port of Seattle’s Terminal 18, run by SSA Terminals, will have three more Super Post Panamax cranes, allowing it to handle the largest container vessels in the world. “SSA is making Terminal 18 big-ship ready for the next generation of ocean-going vessels,” said Port Commission President Gael Ta
Revised Funding to Help Offshore Wind Businesses in Humber, UK
New funding levels for renewables technology will support the Humber’s ambitions to be a world-class centre for green energy, according to an industry leader. Sam Pick, of the Renewables Network, has broadly welcomed the Government’s long-awaited announcement on clean energy subsidy levels. For the
Revised Funding to Help Offshore Wind Businesses in Humber, UK
New funding levels for renewables technology will support the Humber’s ambitions to be a world-class centre for green energy, according to an industry leader. Sam Pick, of the Renewables Network, has broadly welcomed the Government’s long-awaited announcement on clean energy subsidy levels. For the
USA: Congressman Pallone Opposes GOP Offshore Oil Drilling Plan
Congressman Frank Pallone, Jr. (NJ-06) voted against the H.R. 6082, a bill that expands offshore oil drilling off the East Coast in the Atlantic Ocean. The Republican offshore drilling plan would expose environmentally sensitive areas and coastal communities to unprecedented risk and could potential
Carnegie: Australian Science Agency Reports Significance of Wave Energy
Wave energy developer Carnegie Wave Energy Limited announces a new report from Australia’s national science agency highlighting the significant role that wave energy can play in Australia’s future energy mix. The study, carried out by the CSIRO (Commonwealth Scientific and Industrial Research Organi
SHI Completes Construction of World’s Largest WIV (South Korea)
Samsung Heavy Industries announced on the 25th that it had successfully built Pacific Orca, the world’s largest wind farm installation vessel (WIV), and delivered it to SPO (Swire Pacific Offshore), a Singapore-based shipper. The wind farm installation vessel is a new special vessel for which demand
Norway: Statoil Increases Oil and Gas Production by 17 pct in 2Q
Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compare
Malaysia: Fire Onboard MISC Berhad’s Tanker ‘Bunga Alpinia’
MISC Berhad (MISC) has confirmed that a fire broke out onboard its 38,000 DWT IMO II chemical/palm oil tanker, Bunga Alpinia at approximately 2.30am (local time) this morning. The vessel was alongside the PETRONAS Chemicals Methanol Sdn Bhd terminal in Labuan when the incident took place. The ship h
Statoil Revenues Increase in 2Q (Norway)
Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compare
Papua New Guinea: Castoro 10 Completes PNG LNG Offshore Pipeline Installation
Installation of the PNG LNG Project’s 407-kilometre offshore pipeline is complete, after the two sections of pipe were recently connected. This major milestone was performed by the Castoro 10 Shallow Water Lay Barge. The pipeline was laid in two sections over eight months, using two vessels, one sta
PNG LNG Project Completes Offshore Pipeline
Installation of the PNG LNG Project’s 407-kilometre offshore pipeline is complete, after the two sections of pipe were recently connected. This major milestone was performed by the Castoro 10 Shallow Water Lay Barge. The pipeline was laid in two sections over eight months, using two vessels, one sta
Christening Ceremony for Evergreen’s First L-ype Containership (South Korea)
Ever Lambent, the first L-type containership in the Evergreen Line fleet, was christened by Evergreen Group Chairman and founder Dr. Chang Yung-fa at the Samsung Heavy Industries shipyard. The ceremonial rope cutting for the new 8,452-TEU vessel was performed by Mrs. Lee Yu-mei. The ceremony was att
NYK Celebrates Reconstruction of Port Devastated by Japan Quake
NYK Global Bulk Corporation, an NYK Group company, held a get-together on board its 58,000-ton bulk carrier New Pride with guests from the Ishinomaki area in Miyagi prefecture to celebrate the installation of a new mechanical unloader (cargo handling machinery) at the port’s No. 7 Hiyori wharf and t