Business & Finance
Farstad Orders Two Platform Supply Vessels (Norway)
STX OSV, one of the major global designers and shipbuilders of offshore and specialized vessels, has received new contracts for the design and construction of two Platform Supply Vessels (PSVs) for Farstad Shipping (“Farstad”). The total value of the contracts amounts to approximately NOK 700 millio
Norwegian Farstad Shipping Orders Two PSVs from STX OSV
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSVs) for Farstad Shipping. The total value of the contracts amounts to approx
UK: Oceaneering Builds New Facility in Rosyth
Oceaneering has unveiled an USD 23.5 million (GBP 15.2 million) investment into a new facility at its base in Rosyth, which will allow the company to dive into the offshore renewable energy market, the Scotsman informs. The American-based company plans to construct a larger storage space where it wi
Kenz Cranes Delivers Pedestal Crane for Jascon 55 Vessel (The Netherlands)
On June 6th, Kenz Cranes, well-known specialist in offshore lifting and hoisting solutions, successfully delivered the new build 12t ram luffing pedestal crane. The crane was handed over to the Sea Trucks Group (STG) for installation onboard the newly build DP-2 construction support vessel ‘Jascon 5
BG Group to Fund Australia and Brazil Projects with Fresh Money
BG Group today issued hybrid bonds totalling US$1.57 billion, another step in the execution of its approved funding plan to support the company’s investment programme. The bonds, which comprise tranches of £600 million and €500 million, mature in 2072. The bonds are long-dated, subordinated securiti
UK: Bibby Line Revenues Grow by 12 Percent
Liverpool headquartered Bibby Line Group grew revenues by 12.1 per cent to £1,295m (2010: £1,156m) in the year to 31 December 2011. The diversified group – which has a wide portfolio of interests including shipping, marine services, logistics, financial services and retail – reported record operatin
GL to End Its Certification of Iranian Shipping Vessels (Germany)
On Monday, United Against Nuclear Iran (UANI) applauded the German shipping service Germanischer Lloyd (GL) for pledging to end its certification of Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC). Las
Polarcus Wins Contract Extension from Woodside (Australia)
On 06 March 2012 Polarcus Limited received a Letter of Award for a 3D seismic acquisition project offshore Australia. Today, Polarcus Limited announced that the Company has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is expec
Norway: METAS Receives NCE Subsea’s Award
The relatively young company METAS has already developed several advanced products for sale. In these days the award winner also awaits important test results from development projects that may greatly improve safety of future subsea operations. Detecting leaks are key words for the two main develop
Thailand: PTTEP Provides Update on GBS Production Rates
The Greater Bongkot South field reached the DCQ gas production at 320 MMSCFD adding total supply to 20% of Thailand natural gas demand. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP has disclosed that the Greater Bongkot South field (GB
Greece: Navios Partners Purchases Capesize Vessel with Eight Year Charter
Navios Maritime Partners L.P. (Navios Partners), an owner and operator of dry cargo vessels, announced yesterday that it has purchased from Navios Maritime Holdings Inc. the Navios Buena Ventura, a 2010 South-Korean-built Capesize vessel of 179,259 dwt for $67.5 million cash consideration of which $
Polarcus Receives Seismic Contract Extension from Woodside (Australia)
Polarcus Limited on 06 March 2012 announced that it had received Letter of Award for a 3D seismic acquisition project offshore Australia. Today, the company announces that it has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is
UK: Wyre Tidal Energy to Fight Gas Storage Company
The company that is planning to construct a tidal barrage on the River Wyre estuary says they are ready to fight gas storage company. Namely, the Wyre Tidal Energy has been established to promote and deliver the construction of a tidal barrage across the Wyre Estuary to produce renewable electricity
U.S. Seaports, Private-Sector Partners Make Major Investments in Port Infrastructure
In a recently completed survey that the American Association of Port Authorities (AAPA) initiated, U.S. seaport agencies and their private-sector partners plan to invest a combined $46 billion over the next five years in wide-ranging capital improvements to their marine operations and other port pro