Business & Finance
Australian Shipowners Association Welcomes Introduction of Bills
The Australian Shipowners Association (ASA) has welcomed the introduction of Bills, on March 22nd, by Minister Albanese that combined make up the Government’s shipping reform package. “The Australian Shipowners Association supports the Government’s package of reforms which are aimed at providing a c
Brazil: FMC Technologies Inks USD 1.5 bln Supply Deal with Petrobras
FMC Technologies, Inc. announced that it has signed a four-year agreement with Petrobras, Brazil’s national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in t
Brazil: Petrobras Orders 1.5 bln Worth of Subsea Trees from FMC Technologies
The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees.
Polarcus Takes Delivery of Its New Seismic Vessel from Norway
Polarcus Limited announcde that Polarcus Amani AS, a member of the Polarcus Group, took delivery today, 29 March 2012, of POLARCUS AMANI, the seventh 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence th
Far EasTone Receives Approval to Connect Taiwan and China via Undersea Cable
Far EasTone Telecommunications Co., Ltd. received an approval to connect Taiwan and China via the first direct undersea cable link, the Focus Taiwan reported. The cable should improve the quality of telecommunications between the two countries. According to Far EasTone the project is expected to be
UAE: Polarcus Accepts Delivery of 3D Seismic Vessel
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, today accepted delivery of Polarcus Amani seismic vessel. This is the seventh vessel for 3D seismic acquisition that has entered Polarcus’ fleet, so far. Polarcus Amani was constructed at Ulst
U.A.E: Polarcus Takes Delivery of 3D Seismic Vessel Polarcus Amani
Polarcus Limited announces that Polarcus Amani AS, a member of the Polarcus Group, took delivery today, 29 March 2012, of POLARCUS AMANI, the seventh 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence th
Sea Marshals: First Company to Gain New Armed Guard Insurance (UK)
International maritime security specialist Sea Marshals Limited announced that they are the first company to gain insurance which complies with BIMCO’s new Guardcon standards. Launched this week, BIMCO’s Guardcon provides an industry standard contract for the employment of security guards on ships.
FAR to Raise USD 15 mln for Exploration Offshore Kenya
FAR Ltd plans to raise $15.04 million, to fund offshore oil and gas exploration in East Africa off the Kenya coast. The funds will be raised through a placement of 280 million shares at 4.3 cents per share to raise up to $12.04 million and a Share Purchase Plan of up to $3 million to […]
Digicel Leads Project to Deliver High-Capacity Submarine Cable to Haiti
Two years after Haiti was struck by a devastating 7.0 magnitude earthquake, the country is set to receive a major boost with the delivery of a US$16m 200km undersea cable which will link the country to the world via internet connectivity, thanks to Digicel. The project – which is being undertaken in
China: COSCO Dalian Hands Over New Bulk Carrier COMMON FAITH
The Board of Directors of COSCO Corporation Limited announced that COSCO (Dalian) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, “COMMON FAITH”, to its European buyer. The delivery documents were signed by and betwe
UK: Flare at Elgin Platform Could Ignite Gas Cloud, Experts Say
The gas leak that occurred at the wellhead platform on the Total-operated Elgin field in the UK North Sea, remains ongoing, the operator reports. The gas has been flowing since Sunday, March 25th, when Total evacuated all the personnel from the Elgin platform. The precise cause of the gas leak, that
Denmark: New Bill to Clarify Responsibilities Regarding Maritime Education and Pilotage
Yesterday, Minister for Business and Growth Ole Sohn presented a bill clarifying the distribution of responsibilities between the authorities regarding the maritime training programmes and the pilotage area following the Government’s transfer of competences. The bill, which the Minister for Business
USA: NAVOCEANO Conducts Hydrographic Surveys in Waters of Belize
For almost two months, since early February 2012, the Naval Oceanographic Office (NAVOCEANO) has been using airborne laser and imagery systems to conduct cooperative hydrographic surveys in the coastal waters of Belize. The survey work is part of an ongoing, long-term project to survey the western C