Business & Finance
UK: QinetiQ Re-Commissions Hyperbaric Trials Unit
QinetiQ, who lead the world in the provision of Submarine Escape, Rescue, Abandonment & Survival (SMERAS) Support Services and Diving & Life Support Services, has re-commissioned its Hyperbaric Trials Unit (HTU) following an extensive refit. The HTU joins an array of specialist equipment that forms
UK: Antrim Energy Gets Extension for Fyne FDP Submission
Antrim Energy Inc., Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, announced it has been granted an extension for the submission of a Field Development Plan (“FDP”) for the Fyne Field in UK Central North Sea licence P077 Block 21/28a (the “F
Voith’s New VWT ‘Ilan’ Completes Sea Trials (Germany)
Recently, the new Voith Water Tractor (VWT) “Ilan” underwent its official sea trial achieving a speed of 13.5 knots and a bollard pull of 73.5 tons: much to the satisfaction of the operator, the Haifa port authority, which decided in favor of the VWT due to its precise maneuvering capabilities. Each
UK: Antrim Gets Extension for Fyne FDP Deadline
Antrim Energy Inc. Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced it has been granted an extension for the submission of a Field Development Plan (“FDP”) for the Fyne Field in UK Central North Sea licence P077 Block 21/28a (t
USA: Recipients of 2012 Mia J. Tegner Memorial Research Grants Announced
Holland America Line and Marine Conservation Institute announced the recipients of the 2012 Mia J. Tegner Memorial Research Grants in Marine Environmental History and Historical Marine Ecology. Funded through a partnership between Marine Conservation Institute and Holland America Line, the program s
Germany: FSG Shipyard to Build CMAL’s New Cutting-Edge Ferry
Caledonian Maritime Assets Limited (CMAL) has on 8th June announced that Lloyds Banking Group plc (LBG) will provide financing for a replacement vessel for the Stornoway to Ullapool route and has named Flensburger Schiffbau-Gesellschaft MBH & Co. KG (FSG), Germany as the preferred shipyard for the d
Attica Group Takes Over New-Built Ro-Pax Vessel BLUE STAR PATMOS (South Korea)
Attica Group has taken delivery of the new-built Ro-Pax vessel BLUE STAR PATMOS, which was built at Daewoo Shipbuilding & Marine Engineering Co., Ltd, of Korea. Greek-flagged BLUE STAR PATMOS, an investment of more than Euro 70 million, is the second of two vessels ordered in June 2009 and has overa
Greece: Box Ships to Acquire Two Post-Panamax Container Vessels
Box Ships Inc., a global shipping company specializing in the seaborne transportation of containers, announced that it has entered into agreements with subsidiaries of Orient Overseas Container Line Ltd. (OOCL) to acquire two 5,344 TEU post-Panamax container vessels, the 1995-build OOCL Hong Kong an
Crowley Maritime’s Shipping Services to Cuba Reached Another Milestone
Crowley Maritime Corporation’s shipping services to Cuba reached another milestone this past weekend with the first delivery of petroleum products to the U.S. Naval Station in Guantanamo Bay via articulated tug-barge (ATB) tank vessel. The cargo was loaded in San Diego, Calif., and transported to Cu
UAE: DP World Completes First Phase of Al Hamriya Port Development Plan
DP World, UAE Region yesterday (June 12) announced the completion of the first phase of the Al Hamriya port development plans aimed at modernising and upgrading the port to meet customers and fishermen’s growing needs. The first phase officially opened today includes the upgrading of 1 million squar
BP: New Subsea Infrastructure Added to Galapagos Development (USA)
BP announced that on June 3, 2012 it began the initial start-up of the Galapagos development in the deepwater U.S. Gulf of Mexico, one of a series of new major upstream projects that the company expects to bring into production this year. “The start-up of this project in the Gulf of Mexico is one of
Japan: MOL Slates Total of 10-20 Capesize Bulkers for Scrapping and Cold Lay-up
Mitsui O.S.K. Lines, Ltd. today announced plans for scrapping or cold lay-up of 10 to 20 Capesize bulkers in consideration of this fiscal year’s worsening market trends. The company scrapped four vessels and temporarily laid up 10 others last year. Until now, the company scrapped Capesize ships that
UK: Cairn to Acquire Nautical for USD 644 Million
Cairn and Nautical have reached agreement on the terms of a recommended cash offer to be made by Capricorn (a subsidiary of Cairn) for the entire issued and to be issued share capital of Nautical. Under the terms of the Offer, Nautical Shareholders will be entitled to receive 450 pence in cash for e
Sweden: Pallas Equips Vessels with ‘Green Power Connection’
Pallas Shipping has decided with its customers to connect their vessels to green power when the ships at berth for unloading or loading. The company has already begun this effort and MT Pallas equipped with shore power, and the purchase of green electricity. Green electricity means that Pallas Shipp