Business & Finance
Norway: Volstad Maritime Orders Another OCV from Bergen Group
Bergen Group Fosen has signed another contract with Volstad Maritime AS to build a large high end offshore construction vessel. The contract has an estimated value of NOK 750 mill, and the ship is scheduled for delivery in Q4 2013. The signed contract is subject to final board approval and financing
Canada: C-NLOPB Lays Charges Against Suncor for Mud Spill
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid three charges against Suncor Energy Inc., Operator of the exploration drilling program at the Ballicatters M96-Z well located in the Jeanne d’Arc Basin on Exploration Licences 1092 and 1113, for alleged offences related
Denmark: TORM Reaches Conditional Standstill and Framework Agreement in Principle
TORM announce that it has reached a conditional agreement with the Coordination Committee of its bank groups regarding a deferral of installments and covenant standstill on its ship financing until 30 April 2012. The unconditional standstill is expected to be renewed within days. In addition, TORM h
Colombia: Intertug Expands Its Fleet with New Damen Tug ASD 3213 ‘Tanok’
Damen Shipyards has delivered the ASD 3213 ‘Tanok’ to Colombian tug operator Intertug S.A. Intertug (est. 1993) operates the country’s most modern tug fleet in terms of horsepower and fleet age. The Damen ASD 3213 has a bollard pull of 86.5 t and 80 t astern and is one of the most powerful harbour t
Brazil: OGX Delivers First Shipment of Waimea Oil to Shell
Last week, OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has delivered its first shipment of approximately 600,000 barrels of oil to Shell Western Supply and Trading Ltd. (“Shell”). On March 27, 2012, the Company, owned by Eike Bati
Cyprus: Damen Delivers Two Fast Crew Suppliers EDT Offshore
EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the ‘EDT Leda’ and the ´EDT Nefeli´. Both vessels are built according to the Damen Sea Axe design that reduces slamming up to
Macduff Completes 16m Tug Design Package for Turkey
In March 2012, Macduff completed the supply of a complete design package for a 16m tug for Dearsan Shipyard in Turkey. The design is a virtual repeat of the highly successful “Sally Mcloughlin” completed in 2009. Up to 4 vessels are to be built, each with a bollard pull of 19 tonnes. Macduff has als
USA: Horizon Lines Receives Lowe’s Platinum Carrier Award for Sixth Consecutive Year
Horizon Lines, Inc. one of the nation’s leading domestic ocean shipping companies, has been awarded the “2011 Platinum Carrier Award” by home improvement retailer Lowe’s Companies Inc. Horizon Lines is the only Jones Act ocean carrier to receive a 2011 award from Lowe’s for domestic ocean transporta
Brazil’s HRT Seeking Partners for Exploration Offshore Namibia
Brazil’s HRT Participações em Petróleo S.A. has began discussions with leading oil companies to evaluate the possibility of entering into partnership in its world class Namibian exploration acreage. Through its wholly owned subsidiaries, HRT is the operator of ten exploration blocks in the Namibian
UAE: ADPC Announces Redevelopment of Shahama Port
Marine facilities at Shahama Port in Abu Dhabi are to be redeveloped as part of an upgrade of the port’s leisure and recreation services, it was announced today. Abu Dhabi Ports Company (ADPC) made the announcement at the World Ports and Trade Summit (WPTS), which is taking place at ADNEC from 2-4 A
Damen Delivers Two Fast Crew Supplier Vessels to EDT Offshore (Cyprus)
EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the ‘EDT Leda’ and the ´EDT Nefeli´. Both are built according to the Damen Sea Axe design that reduces slamming up to 75% and
Canada: Ontario Faces USD 1 Billion Offshore Wind Lawsuit
The Liberal Government of Ontario is yet again exposed to the public eye, since a second lawsuit has been filed against it and this time by the SouthPoint Wind Company, which is claiming $1-billion worth damages, the Canadian Press informs. Namely, in February 2011 the Government of Ontario imposed
Canada: Ontario Faces USD 1 Billion Offshore Wind Lawsuit
The Liberal Government of Ontario is yet again exposed to the public eye, since a second lawsuit has been filed against it and this time by the SouthPoint Wind Company, which is claiming $1-billion worth damages, the Canadian Press informs. Namely, in February 2011 the Government of Ontario imposed
Norway: Christening Ceremony for Seismic Vessel MV Polar Duchess
Dolphin Geophysical AS announced the christening of M/V Polar Duchess at Vågen, Bergen on 30th March 2012. Many attended the special occasion, which launched the sistership to Dolphin ‘s flagship vessel. Professor Gunn Mangerud kindly assumed the position of Godmother to the vessel. M/V Polar Duches