Business & Finance
Dolphin Secures Cash for Bolette Dolphin Drillship (Norway)
Dolphin International AS, a subsidiary of Norway’s Fred. Olsen Energy ASA , has signed a new five year bank credit facility of up to $1.5 billion. The company will use the money to prepay existing bank loans, full-finance the newbuild Bolette Dolphin drillship and for general corporate purposes. The
Polish Businessman Applies for Offshore Wind Farm Construction
Polish businessman Jan Kulczyk has applied for the permission to construct an offshore wind farm in the Baltic Sea, writes thenews.pl news portal. Kulczyk’s energy company, Polenergia, is keeping silent about the four offshore wind projects it has. However, chairman of Polenergia, Dariusz Mioduski,
China: OOCL Recognized for High Standard of Environmental Data Integrity
Orient Overseas Container Line (OOCL) announced today that it has received certification on the accuracy and transparency of their environmental data disclosure which reflects their commitment to a high standard of data integrity and information management. The audit was conducted by the American Bu
UK: Navitus Bay Opponents Welcome Government Subsidy Reduction
Following the announcement made by the Chancellor George Osborne on cutting the government subsidies for onshore wind farms for 25 percent, opponents of the Navitus Bay project welcomed it with a great expectation on extending this move to offshore plans. Dorset MPs, including Chris Chope and Richar
UK: Port of Ramsgate Hosts PATCH’s Blue Energy Workshop
Port of Ramsgate will host PATCH’s (Ports Adapting To Change) “Blue Energy” workshop on 22 June 2012, reports MaritimeJournal. Seeports strategist Howard Holt is the organizer of the workshop which is similar to the event held in September 2010. The ‘Blue Energy’ workshop will focus on the opportuni
USA: Port of Long Beach Gets 12 Pct Budget Increase
The Long Beach Board of Harbor Commissioners on Monday approved a $942 million budget for fiscal year 2013, a 12 percent increase over the past year, reflecting the Port’s growing investment in its facilities and infrastructure modernization. The new budget includes $720 million in capital spending,
Bangladesh SEA-ME-WE-4 Users Affected with Cable Cut
Millions of users of the submarine cable SEA-ME-WE-4 in Bangladesh were affected after the cable experienced a cut on Wednesday afternoon off the coast of Singapore, Channel News Asia reported. Managing director of the Bangladesh Submarine Cable Company stated that it may take a week for the system
UK: Chelsea Demonstrates FastOcean System
The participants took part in the deployment of the FastOcean Profiling System from the University of Maryland’s unique 155’ Mobile Test Platform. They also tried out the instrument in a laboratory setting. The FastOcean system is the only multi-wavelength Fast Repetition Rate fluorometer for use bo
Norway: Nexans to Supply Umbilicals for Statoil’s Gullfaks Subsea Gas Compression
Nexans, a worldwide leading expert in the cable industry, has secured a 16 million Euro contract with Statoil to engineer and supply a 16.5km subsea power umbilical that will be used to connect the Gullfaks C platform in the North Sea to its subsea compression and processing equipment. The Gullfaks
Nexans to Supply Umbilicals for Gullfaks C Platform (Norway)
Nexans, a worldwide leading expert in the cable industry, has secured a 16 million Euro contract with Statoil to engineer and supply a 16.5km subsea power umbilical that will be used to connect the Gullfaks C platform in the North Sea to its subsea compression and processing equipment. The Gullfaks
Greece: Allseas Marine’s Vessels Awarded with Maritime Labour Statements of Compliance
Allseas Marine S.A. was presented with Maritime Labour Statements of Compliance by Germanischer Lloyd (GL) for the vessels “Calm Seas”, “Kind Seas” and “Pearl Seas”. The certificates were presented to Michael Bodouroglou, Managing Director of the Allseas Marine by Oliver Darley, Vice President and G
UK: KD Marine Adds New Members to Its Team
KD Marine announced additions to their team on all sides of the business. Due to internal changes within KD Marine it was deemed necessary to strengthen the company with appointments in key positions. This saw the appointment of Linda Alves as Contracts Manager who comes to KD Marine after working f
Norway: Reef Subsea Acquires Vako AS
Reef Subsea AS announced that one of its Norwegian subsidiaries, Scanmudring AS, has fully acquired Norwegian company Vako AS. Scanmudring had previously owned 38% of Vako and bought the remaining 62% for full ownership. Vako will be integrated into Scanmudring-Rotech Subsea, a group of companies th
Reef Subsea Buys Vako (Norway)
Reef Subsea AS announced today that one of its Norwegian subsidiaries, Scanmudring AS, has fully acquired Norwegian company Vako AS. Scanmudring had previously owned 38% of Vako and today bought the remaining 62% for full ownership. Vako will be integrated into Scanmudring Rotech Subsea, a group of