Business & Finance
China: Hantong Shipyard Launches New Bulk Carrier for Eagle Bulk
Recently the 57.000 DWT Bulk Carrier named Columba (HT093) was launched at Hantong shipyard’s slipway No.2. The vessel, built for Eagle Bulk and class approved by LR, is a new supramax bulk carrier optimised to burn less fuel oil. The daily main engine consumption at a speed of 14 knots at ballast d
Lithuania: Van Oord – Dredging Works at Klaipeda Port Channel in Progress
It was established on the 8th of June 2012 that the company „Van Oord Dredging and Marine Contractors BV“ has already excavated 1 027 354 cubic meters of soil pursuant to the contract agreement on Klaipeda Port channel dredging and widening. These dredging works were launched on the 22 nd of April.
Greece: Cargill Charters One of Diana Shipping’s Panamax Dry Bulk Carriers
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carrie
Van Oord Bags USD 711 Million Ichthys LNG Contract (Australia)
Dutch Van Oord has been awarded a significant dredging contract in Darwin Harbour, Northern Territory, Australia. This contract forms part of the Ichthys LNG Project, a joint venture between INPEX (operator) and TOTAL. INPEX is Van Oord’s client. The value of the contract amounts to EUR 567 million
Singapore: Dongfang Shipbuilding Loses 7 Tankers Due to Financial Debts
The Singapore based Dongfang Shipbuilding is drowning in financial debts which have resulted in the decision of the Credit Suisse and a group of Chinese banks to seize seven of Dongfang Shipbuilding’s tankers, Reuters reported. This is not the first instance of such a decision on the part of Chinese
UK: CSL Supports Endeavour with Subsea Facilities for Rochelle Project
CSL, the Aberdeen-headquartered project management and engineering company is currently supporting Endeavour Energy UK Limited (Endeavour) as preferred supplier for the provision of Offshore Company Representation in support of the Subsea Facilities Offshore Installation for the Rochelle Development
UK: CSL Supports Endeavour’s Subsea Team at Rochelle Project
CSL, the Aberdeen-headquartered project management and engineering company is currently supporting Endeavour Energy UK Limited (Endeavour) as preferred supplier for the provision of Offshore Company Representation in support of the Subsea Facilities Offshore Installation for the Rochelle Development
ATP Oil & Gas Resumes Production at ATP Titan Platform (USA)
ATP Oil & Gas Corporation, an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea, today announced that it has resumed production at the ATP Titan platform which services the company’s Telemark Hub. Producti
The Netherlands: APM Terminals Orders Automated Cranes
APM Terminals Rotterdam Maasvlakte II has selected 26 Automated Rail Mounted Gantry (ARMG) Cranes and two Rail Cranes from the Austrian crane manufacturer Kuenz. The selection reflects a comprehensive bidding process designed to find the safest, most efficient, highest productivity cranes for the co
China’s Jiaolong Step Closer to Setting New Diving Record
China’s manned deep-sea submersible Jiaolong arrived to Mariana Trench on Monday morning. There it will attempt to set a new diving record of a 7,000-meter dive, reported Xinhuanet. The deep-sea submersible will dive six times. During the first dive the divers will try to reach a depth of over 5,000
PSA Norway Inspects Risk Management on Maersk Inspirer
In the period 12-16 March 2012, the Petroleum Safety Norway (PSA) conducted an audit of the management’s risk management and handling of barriers in relation to emergency preparedness and process integrity in Maersk Drilling Norge AS and on the mobile drilling facility Mærsk Inspirer. Background and
South Korea: POSCO Signs Strategic MOU with GE
POSCO signed a strategic alliance MOU with GE on 31 May to cooperate in the energy and infrastructure fields. POSCO and GE selected 5 fields, including steel material supply and equipment production in the energy field, joint advance in the private power generation business, joint development of inf
Germany: Prime Capital to Raise USD 750 Million for Renewable Energy Investment
Prime Capital AG plans to raise EUR 600 million (USD 750 million)to invest in European renewable energy projects, the Bloomberg informs. It will raise the capital from pension funds and insurance companies and use it to finance 400MW of plants which are already operational or on their way to grid co
Norway: WGP Supplies Marine Gravity Equipment to TGS
WGP Exploration announces two contract awards with TGS-Nopec for the provision of marine gravity equipment for their on-going multi-client projects in the North Sea. The projects, which commenced in late May, have an anticipated duration of six weeks and two months respectively. Complimenting marine