Business & Finance
CLIA Honors Seafarers’ Unrelenting Commitment to Maritime Service
In honor of Day of the Seafarer, June 25, Cruise Lines International Association (CLIA) highlighted the industry’s long-standing support of its crewmembers, who help ensure the well-being of the general public and cruise passengers worldwide. “The cruise industry today thanks and honors the 1.5 mill
Norway: Solstad Secures Contract for Two AHTS Vessels
Statoil ASA has exercised its option to extend their present contract with Solstad Offshore ASA (SOFF), for hire of the large AHTS “Normand Ferking” (build -07) for 1 year. With this extension the vessel will be on contract to September 2013. Statoil still holds options to extend with further 2 x 1
Japan-U.S. Cable Selects Ciena for Trans-Pacific 100G Submarine Network
Ciena® Corporation, the network specialist, toay announced that the Japan-U.S. Cable Network is upgrading its trans-Pacific submarine network, which spans close to 23,000 kilometers from the U.S. to Japan, with Ciena’s market-leading coherent 100 Gigabits per second (100G) technology. Expected to be
New Joint Venture Emerges on Offshore Wind Market (The Netherlands)
FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth
Human Cost of Somali Piracy Updated Report Released
A report highlighting latest details of the plight of seafarers at the hands of Somali pirates was launched on Friday 22nd June at a press conference in London. The report, The Human Cost of Piracy 2011, is written jointly by Kaija Hurlburt of One Earth Future for its Oceans Beyond Piracy project an
Rialto Awards Petrofac with Gazelle Field Development FEED (Ivory Coast)
Rialto has awarded the Front End Engineering Design (FEED) for the Gazelle Field Development to Petrofac. The work will be carried out in Petrofac’s Woking, UK office and is expected to be completed n October 2012. The Gazelle Field lies in Block CI-202 offshore Cote d’Ivoire and is being developed
Matuku 3D Data Shows Substantial Oil Reserves (New Zealand)
Octanex N.L., through its wholly owned subsidiary Octanex NZ Limited, holds a 35% participating interest in each of PEP 51906 and PEP 53537, with OMV holding the remaining 65% participating interest in the permits. OMV acquired its interest in PEP 51906 through a farmin to Octanex’s then 100% intere
Colombia’s Ecopetrol Strengthens Its Position in U.S. GOM
Colombia’s largest oil company, Ecopetrol S.A., placed the most competitive bids in 6 blocks in the “Central Planning Area Lease Sale 216/222” round through its U.S. affiliate (Ecopetrol America Inc.) held in New Orleans as was disclosed by the Bureau of Ocean Energy Management (BOEM), the governmen
Finland: ESL Shipping Sells Its Oldest Ship MS Hesperia
ESL Shipping Ltd, part of Aspo Group, has sold its oldest ship, m/s Hesperia, for approx. EUR 3.3 million. The transaction was concluded yesterday, June 25, 2012. A sales gain of approx. EUR 2.4 million will be recorded in the profit for the second quarter. The sale of m/s Hesperia, built in 1991, i
Höegh Selects KBR to Execute FLNG Pre-FEED Studies Offshore Israel and Australia
KBR announced yesterday that it was selected as Höegh’s preferred engineer to execute pre-FEED studies for two of its projects off the coast of Israel and offshore Australia. KBR will provide the pre-FEED study for the King liquefied natural gas-floating production storage and offloading (LNG-FPSO)
Teledyne Companies Celebrate Anniversaries (USA)
Teledyne Benthos and Teledyne Webb Research, leading international marine technology providers, celebrated their 50th and 30th anniversaries last week at the company’s North Falmouth facility. Nearly 400 people celebrated the milestones, including employees and their families, customers, vendors, an
Yellow Submarine: From The Beatles to Lockheed Martin (USA)
While the Beatles sailed the sea of green in their Yellow Submarine, no one’s aboard Lockheed Martin’s Marlin Autonomous Underwater Vehicle (AUV). And that’s what Lockheed Martin hopes will make it appealing to the offshore oil and gas industry. The advanced patented Echoscope® 3-D imaging sonar, pr
Taiwan: Keelung Shipyard Christens Two Vessels Built for Wan Hai Lines
Recently Wan Hai Lines held christening ceremony for “WAN HAI 101″ and “WAN HAI 102″ at CSBC CORP., TAIWAN Keelung shipyard. Mr. Po Ting Chen, chairman of Wan Hai Lines presided over the ceremony. There are total 14 vessels ordered by Wan Hai to CSBC Corp, which will be delivered in two years. “WAN
USA: MBARI Creates Detailed Map of Axial Seamount Underwater Lava Flow
Axial seamount, 480 kilometers (300 miles) off the coast of northern Oregon, is one of the best-studied underwater volcanoes in the world. For 30 years, researchers have explored this volcano using submersibles and monitored its activity using pressure sensors, tilt meters, temperature probes, and s