Business & Finance
FAR Completes 3D Data Acquisition Offshore Kenya
Australian listed petroleum exploration company, FAR Ltd has successfully completed the data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. FAR’s L6 permit off the Kenya coast lies in the Lamu Basin
FAR Wraps Up Kenya Seismic Survey
Australian listed petroleum exploration company, FAR Ltd has completed the data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. FAR’s L6 permit off the Kenya coast lies in the Lamu Basin, north of re
EUROPA 2 Leaves STX France Shipyard’s Drydock
Four months after the laying down of the keel, the EUROPA 2 left the drydock of the shipyard STX France in Saint-Nazaire on 6 July. In the context of a festive ceremony, the dock was flooded and the new addition to the fleet of Hapag-Lloyd Cruises took to the water for the first time. Now […]
China: COSCO Delivers Two Newbuild Bulk Carriers
The Board of Directors of COSCO Corporation (Singapore) Limited announced today that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Dalian) Shipyard Co., Ltd has delivered one bulk carrier of 82.000 DWT, “ECOFAITH G.O.”, to its Eur
Germany: CTA Introduces Innovative Handling Procedure Dual Cycle
The highly automated HHLA Container Terminal Altenwerder (CTA) introduces combined loading and discharging to ship dispatching. By the end of the year, the CTA will have implemented the innovative handling procedure Dual Cycle – as the first terminal worldwide, also in terms of transport between con
Total Lifts Its Stake in Ichthys LNG Project (Australia)
Total today announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. Total’s overall equity stake in the Ichthys LNG project grows from 24% to 30%. The acquisition does not impact any of the LNG offtake agreements with the en
UK: Global Marine Systems to Maintain Ormonde Transmission Link
Offshore Transmission Operator Transmission Capital Partners has contracted with Global Marine Systems Energy Ltd., the largest independent provider of subsea power cable installation, maintenance and related engineering services worldwide, to provide cable repair and maintenance services for the tr
UNC Scientists Conduct Coral Research in Belize, USA
Marine scientists at the University of North Carolina at Chapel Hill have linked the decline in growth of Caribbean forereef corals — due to recent warming — to long-term trends in seawater temperature experienced by these corals located on the ocean-side of the reef. The research was conducted on t
European Commission OKs Short-Term Rescue Loan for P S Werften
The European Commission has authorised under EU state aid rules, a state guarantee backing a rescue loan of €152.4 million(USD 186.5 mln) for the German shipbuilder P+S Werften in Mecklenburg-Vorpommern. The aid is in line with EU rules on rescue aid because it is limited in time and scope. The Comm
The Netherlands: Fairstar Heavy Announces Proposed Private Placement of Debt Securities
Fairstar Heavy Transport N.V. (FAIR) announced today that it intends to issue up to USD 335 million of five-year, senior secured debt securities in a private placement not registered under the U.S. Securities Act of 1933. The proceeds of the proposed offering will be used to re-finance the Company’s
Lack of Documentation Reason for Yme Platform Evacuation, Talisman Says
Talisman Energy, the operator of the Yme field and Yme MOPUstor platform which was yesterday evacuated, provided more details on the matter. “The reason why we chose to evacuate the installation was that we failed to receive a piece of documentation regarding the jack-up, and for security reasons we
USACE: Charleston Harbor Deepening Will Be Completed Sooner (USA)
Charleston’s Post 45 Harbor Deepening Project is expected to be completed sooner and cost less, the U.S. Army Corps of Engineers’ Charleston District shared yesterday during an update to stakeholders. According to the Corps, the deepening project’s feasibility study, initially expected to be complet
India: Greatship’s Subsidiary Takes Delivery of “GREATSHIP ROOPA”
Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), which is a wholly owned subsidiary of The Great Eastern Shipping Company Limited has taken delivery of a Platform/ROV Support Vessel, GREATSHIP ROOPA, from Colombo Dockyard Pl
Ocean Power, Lockheed Martin to Develop Wave Project in Australia
Ocean Power Technologies, Inc., a leading wave energy technology company, and Lockheed Martin have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a