Business & Finance
Norway: Reef Subsea’s New Vessels Complete First Operations
Reef Subsea AS announced that it has successfully completed two contracts for its new subsea support vessels to perform their maiden operations. The Reef Despina and Reef Larissa have recently completed their first projects for Aker Solutions and Heerema Marine Contractors, respectively. Reef Subsea
UK: Veripos Positioning for Two New Multi-Purpose Vessels
Veripos, a world leader for provision of GNSS positioning support to the offshore oil and gas industry, has been commissioned by Aberdeen-based Specialist Subsea Services (S3), the survey, positioning and ROV subsidiary of the Reef Subsea group of companies, to supply facilities and equipment aboard
Lomar Orders New Container Ships from Chinese Shipyard
Lomar has increased its fleet size further with an order for up to six new container ships. The 1,100 nominal TEU capacity vessels are geared and have a homogeneous load capability of 705 TEU at 14mt/TEU. These vessels are being built by Yangzijiang Shipbuilding (Holdings) Ltd., a private shipyard i
UK: MTL Doubles Export to GBP 7.3 Million
After relocating to Brinsworth to a state-of-the-art manufacturing facility, MTL Group has almost doubled its export, the Rotherham Business News reports. The company has invested GBP 1million in new machinery that has enabled it to become a specialist in volume manufacturing, allowing it to make a
Russia: CEO Resigns from TNK-BP
Mikhail Fridman has submitted a letter of resignation to TNK-BP Ltd.’s Board of Directors, notifying his resignation from the position of Chief Executive Officer of the TNK-BP Group. Mikhail Fridman has also sent TNK-BP shareholders a letter of resignation from the position of Chairman of the Manage
UAE: Topaz Inks Phase One of USD 330 Million Loan Agreement
UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. The deal paves the way for ext
Indonesia: BLT, Lantern Maritime Reach Legal Differences Resolving Accord
Lantern Maritime Company and PT Berlian Laju Tanker Tbk announce that they have reached a settlement which will bring to an end all litigation and disputes between them in respect of the Chem Ranger (formerly MT Wilutama) and, more recently the MT Partawati. The terms of the settlement agreement are
Sweden: Pallas Shipping Negotiates for Greater Employment Contract
Pallas Shipping is negotiating with a major European oil companies on an employment contract for the company´s vessel M/T Pallas Glory. The parties have made considerable progress in the negotiations which may mean that any contract signing can take place in late June 2012. Will the parties agree th
Oman: Port of Salalah General Cargo Terminal Expansion Initiated
Port of Salalah’s general cargo terminal and liquid jetty project has been initiated by the Ministry of Transport and Communications at a preliminary meeting held recently with key stakeholders from the ministry, port and winning contractor. The project will increase cargo handling capacity to 20 mi
Sonardyne’s Equipment Important for OBN Surveys
Continuing with its 2012 event calendar, Sonardyne International will be exhibiting at EAGE (European Association of Geoscientists & Engineers), 4th-7th June in Copenhagen and Caspian Oil & Gas, 5th-8th June in Baku, Azerbaijan. The largest, most comprehensive geoscience event in the world, EAGE is
Sonardyne Presents Its Latest Technology in Copenhagen and Azerbaijan
Continuing with its 2012 event calendar, Sonardyne International will be exhibiting at EAGE (European Association of Geoscientists & Engineers), 4th-7th June in Copenhagen and Caspian Oil & Gas, 5th-8th June in Baku, Azerbaijan. The largest, most comprehensive geoscience event in the world, EAGE is
UK: RS Aqua Sponsors 6th Moorings Group Workshop at BAS
Every two years the NERC UK/European Moorings Group holds a workshop to discuss developments in the field of scientific moorings. Following on from RS Aqua sponsorship of the 5th meeting at the NOC Southampton in 2010, the company is again sponsoring this most informative gathering. RS Aqua’s lead s
France: Christening of MSC Divina
On Saturday evening in Marseille, France, the latest jewel in the MSC Cruises’ fleet, MSC Divina, was christened in suitably elegant style by international screen legend Sophia Loren. The exclusive high-profile event included a gala dinner and entertainment from illustrious performers in the company
Japan: MHI, Imabari Agree on Collaboration in Container Carrier Technology
Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. have signed a technological collaboration agreement on container carriers. The initiative aims to combine MHI’s technological capabilities, as in the development of energy-saving vessels, and Imabari’s strong cost competitive