Business & Finance
New Zealand: Salvage Partners Recover All Containers from Rena
Salvage activity last week has focused on the demobilising of equipment after the joint venture salvage partners, Smit and Svitzer, completed the current phase of the salvage operation by recovering all accessible containers, a month ahead of schedule. In respect to salvage activities a total of 940
TTS Group to Provide Equipment for Four Offshore Vessels (Norway)
TTS Group ASA, Bergen has through its subsidiary Company TTS ships equipment AS secured four contracts with STX OSV Brattvaag building, STX OSV Soviknes and Kleven Maritime in a total value of 30 MNOK (USD 5 million). The contracts with STX OSV Brattvaag relate to vessel no. 793 and vessel no.794 fo
Russia: Nevsky Shipyard Launches New Multipurpose Salvage Vessel
On June 22, 2012, the launching ceremony of the third vessel in a series multipurpose salvage vessel “SPASATEL ZABORSHCHIKOV” yard number 703, capacity 4 МW, project MPSV07 will take place at Nevsky Shipyard’s slipway. The construction of the vessels of the series is carried out in accordance with t
Turkey: Portunus Completes Refurbishment of First STC Crane
Portunus Port Spares and Services from Turkey signed a contract with TCDD – Turkish State Railways for N.5 Ship To Shore Gantry Crane’s complete refurbishment and the project kicked-off in the end of 2011. In a very short time, Portunus completed the first ship to shore gantry crane and handed it ov
Qatar: Nakilat Assumes Full Management and Operations of VLGCs
Nakilat, Qatar’s premier gas transporter, has assumed full responsibility for the management and operations of its four VLGCs (Very Large Gas Carriers), expanding Nakilat’s critical role in Qatar’s maritime sector by adding in-house ship management and operations to the spectrum of marine services o
TEPCO Buys More into Wheatstone Project (Australia)
Chevron Corporation has signed additional binding agreements with Tokyo Electric Power Company (TEPCO) for liquefied natural gas (LNG) offtake and equity interests in the Chevron-operated Wheatstone Project. Under the agreements, TEPCO will purchase an additional 0.4 million tons per annum (MTPA) of
India: Leighton Welspun Bags ONGC’s PRP3 Job
Leighton Welspun has been awarded its fifth project by India’s Oil & Natural Gas Corporation (ONGC), taking the value of the total work awarded to the Company by ONGC to more than INR 5000 Crore (AUD$914 Million) over the past 5 years. The 1400 Crore (AUD$256 Million) Pipeline Replacement Project 3
Leighton Enters Pipeline Replacement Project Offshore India
Leighton Welspun has been awarded its fifth project by India’s Oil & Natural Gas Corporation (ONGC), taking the value of the total work awarded to the Company by ONGC to more than INR 5000 Crore (AUD$914 Million) over the past 5 years. The 1400 Crore (AUD$256 Million) Pipeline Replacement Project 3
NYK, MC and TEPCO Participate in Wheatstone LNG Project (Australia)
Mitsubishi Corporation (“MC”) today announced its participation in the Wheatstone LNG project, together with Nippon Yusen Kabushiki Kaisha (“NYK Line”) and The Tokyo Electric Power Company, Incorporated (“TEPCO”), which is being promoted by U.S. company Chevron Corporation and other companies in Aus
Visiongain: Spending on Subsea Production Systems to Reach USD 8.89 Bln in 2012
The world has finite hydrocarbon resources and conventional oil reserves are particularly in short supply. Furthermore, conventional oil resources from the Middle East are very much under threat of disruption as embargoes on Iranian oil exports come into full effect at the end of June 2012. However,
The Netherlands: Alewijnse Secures Jack-Up Rigs Conversion Contract
Alewijnse Marine Systems is to play a significant role in the conversion of the jack-up drill rigs Atlantic London and Atlantic Amsterdam to offshore hotel accommodation. Both refits will start in July 2012 and take several months to complete. This significant order from Nordica Offshore further rei
South Korea: Hyundai Heavy Wins USD 600 Mln Worth Orders
Global leader in the shipbuilding industry and holder of 15 % share of the market, Hyundai Heavy Industries, will have its hands full in the following period having secured three orders for construction of oil and gas rigs, worth USD 600 million. The orders entail construction of 35,000-tonne offsho
Visiongain Analysis Indicates USD 8.89 Bln Subsea Production & Processing Systems Market
The world has finite hydrocarbon resources and conventional oil reserves are particularly in short supply. Furthermore, conventional oil resources from the Middle East are very much under threat of disruption as embargoes on Iranian oil exports come into full effect at the end of June 2012. However,
Indian Navy Plans to Acquire Four Survey Vessels
Indian Navy has started seeking four survey vessels capable of exploring the depths of the maritime economic zone and the extended continental shelf of the country, reports Bernama. According to the Navy official the first vessel should be commissioned into service by 2017-18. The primary task of th