Business & Finance
Canada: ISE’s Founder Receives Queen Elizabeth II Diamond Jubilee Medal
Dr. James R. McFarlane, OC, CD, P.Eng., FCAE, founder and president of International Submarine Engineering Ltd. received the Queen Elizabeth II Diamond Jubilee Medal on April 11th, 2012. Presented by The Honourable Steven Point, Lieutenant Governor of British Columbia, Dr. McFarlane received his med
Fairstar – Delivery of Semi-Submersible Vessel FORTE (China)
Fairstar Heavy Transport N.V. (FAIR) has taken delivery of the FORTE. The closing documentation has been completed to the satisfaction of Fairstar’s bankers, classification society and the Dutch Flag State. Fairstar has drawn down on the USD 247 million facility led by ING Bank and effected all outs
Maersk Drilling Wins Rig Charter Contract from Statoil
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
Maersk’s Jack-Up Rig for Statoil’s Dagny Field (Norway)
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
UK: DW Forecasts Expenditure of USD 135 bln on Subsea Hardware over Next 5 Years
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
Douglas-Westwood Forecasts USD 135 bln Expenditure on Subsea Hardware over 5 Years
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
ERRIA Hands Over MT ERRIA NIMMER to Uni-Tankers in Greece
ERRIA, a shipping company specialized in providing administrative ship management, announced today, May 15th 2012, that it has sold and transferred vessel named ERRIA NIMMER in Iraklion in Crete, to the Uni-Tankers shipping line. MT ERRIA NIMMER is the seventh of nine vessels that the company is pla
Greece: Delphin Shipping Adds Super Fuel-Saver to Its Fleet
Greek ship operator Delphin Shipping has pioneered a fuel-saving supramax bulk carrier that burns 14% less fuel oil than other vessels of its class, type and size. The vessel, Aquila, was based on a Chinese design by Shanghai Ship Research and Design Institute (SDARI), with a unique propulsion devic
McDermott Bags Two Offshore Contracts in USA and Gabon
McDermott International, Inc. announced that one of its subsidiaries has been awarded a fabrication contract for components of a deepwater platform in the Gulf of Mexico, by Heerema Marine Contractors Nederland BV. McDermott will construct 16 tendon buoyancy modules (“TBMs”) for the deepwater projec
Korean Shipyard Holds Naming Ceremony for New SCF Tanker
On 29 May 2012, the naming ceremony for the new SCF tanker Nikolay Zuev took place in Busan (South Korea). The ship was built at Daewoo Shipbuilding & Marine Engineering under an agreement to build a series of tankers for the transportation of crude oil and petroleum products, signed in October 2010
Ireland: M/V Seabed Worker to Recover Silver Cargoes from Two Shipwrecks
Odyssey Marine Exploration, pioneers in the field of deep-ocean exploration, announced that the M/V Seabed Worker has departed port and is on its way to begin operations to recover the anticipated silver cargoes from the SS Gairsoppa and SS Mantola shipwrecks. Historical records indicate the Gairsop
McDermott Nets Two Offshore Deals in USA and Gabon
McDermott International, Inc. announced today that one of its subsidiaries has been awarded a fabrication contract for components of a deepwater platform in the Gulf of Mexico, by Heerema Marine Contractors Nederland BV. McDermott will construct 16 tendon buoyancy modules (“TBMs”) for the deepwater
USA: Teledyne to Acquire BlueView Technologies
Teledyne Technologies Incorporated announced that its subsidiary, Teledyne RD Instruments, Inc., has entered into an agreement to acquire BlueView Technologies, Inc. BlueView, located in Seattle, Wash., provides compact high-resolution acoustic imaging and measurement solutions. Terms of the transac
Almi Tankers Takes Delivery of New Tanker from DSME Okpo Shipyard (South Korea)
Almi Tankers S.A. recently took delivery of M/T Almi Globe at DSME’s Okpo Shipyard. The Hull No. 5356, a 157,430 DWT crude oil tanker M/T Almi Globe is the third Green Suezmax of the newbuilding programme that was built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to the highest indust