Business & Finance
Canada: Northstar Electronics Acquires Echotec Sonar
Northstar Electronics, Inc. announced that they have completed the acquisition of Echotec Sonar, which is now a wholly owned subsidiary of the company. Terms of the deal fall in line with previous announcements and will be fully disclosed in regulatory filings. With Echotec now being the cornerstone
CNPC, China Shipping Ink Strategic Cooperation Agreement
On May 22, CNPC and China Shipping (Group) Company (abbr. China Shipping) signed a strategic cooperation agreement in Beijing. The two companies will further enhance cooperation to leverage China Shipping’s shipping capacity and guarantee the transportation of CNPC’s crude, refined oil, LNG and chem
USA: Bluefin Offers SeeByte SeeTrack Plug-In on AUVs
Bluefin Robotics, the leading provider of Autonomous Underwater Vehicle (AUV) solutions for US Navy Programs of Record and SeeByte, the global leader in creating smart software technology for unmanned systems, announced that Bluefin AUVs will be compatible with SeeByte’s SeeTrack Military software b
USA: Huntington Ingalls Reaches Construction Milestone on Aircraft Carrier Gerald R. Ford
Huntington Ingalls Industries announced yesterday that its Newport News Shipbuilding (NNS) division reached a construction milestone by lowering the final keel section of the nuclear-powered aircraft carrier Gerald R. Ford (CVN 78) into place. Local media were invited to NNS to watch as the 680-metr
Romania: New Damen ASD 3212 Tug for Multraship
Leading towage and salvage specialist Multraship is to take delivery of a new design of ASD 3212 tug from the Galati, Romania yard of the Damen Shipyards Group. The new ASD 3212 Multratug 19 has been built to a completely new design specification developed after a period of intensive research. Multr
Jan De Nul NV Wins Prestigious Award in Australia
At the yearly convention of the industry organisations Australian Constructors Association and Engineers Australia, Jan De Nul NV together with its local partner Baulderstone received the prestigious “Australian Construction Achievement Award 2012”. The Port Botany Expansion Project of the Joint Ven
UAE: Jack-Up Vessel ‘Seajacks Zaratan’ Delivered
Seajacks has taken delivery of Seajacks Zaratan, a state-of-the-art jack-up vessel purpose built for the offshore wind industry. The jack-up vessel was built by Lamprell Energy at their Hamriyah facility and increases Seajacks’ fleet to three self-propelled vessels. The contract for the construction
Sri Lanka: President Inspects Magampura Port Second Stage Construction
President Mahinda Rajapaksa made an inspection tour of Ruhunu Magampura Mahinda Rajapaksa Port yesterday. He inspected the construction of port’s second stage which consists of six terminals. All facilities are being built at the port premises to meet the needs of local and foreign investors. The go
USA: IHC Merwede Opens New Yard Facility
IHC Merwede has recently opened a new yard facility in Broussard, Louisiana, USA. The yard at 206 Cummings Road will operate under the name of Hydro-Ram, Inc. With this expansion IHC Merwede now has a regional office in North America. Hydro-Ram, Inc., consisting of IHC Hydrohammer®, IHC Handling Sys
Brazil: GE Invests USD 300 Million in Batista’s EBX
GE and Eike Batista, the founder of the EBX Group (“EBX”) of Brazil, announced that they have signed a strategic investment agreement. Under the terms of the agreement, GE will make a US$300 million primary investment in exchange for a 0.8% preferred equity interest in Centennial Asset Brazilian Equ
Russia: Krasnoye Sormovo Shipyard Launches VF Tanker-3
Few days ago, Krasnoye Sormovo Shipyard launched VF Tanker-3 of project RST27 for the VF Tanker LLC. The shipyard and V.F. Tanker inked construction contract for 5 tankers in June 2011 with an option for five more signed in October. The lead ship of project RST27 was launched on February 17th. Proje
Nord Stream Conducts Load Tests of Line 1
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
Nord Stream AG Tests Line 1
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
IHC Merwede Opens New Facility in Louisiana, USA
IHC Merwede has recently opened a new yard facility in Broussard, Louisiana, USA. The yard at 206 Cummings Road will operate under the name of Hydro-Ram, Inc. With this expansion IHC Merwede now has a regional office in North America. Hydro-Ram, Inc., consisting of IHC Hydrohammer®, IHC Handling Sys