Business & Finance
GDBIW, US Navy Complete ‘Super Trial’ for Future USS Michael Murphy
The future USS Michael Murphy (DDG 112), and the final ship of the original 62-ship procurement of the DDG 51 class shipbuilding program, successfully completed a combined builder’s and acceptance “super trial” Mar. 9, after spending four days underway in the Atlantic Ocean. Because of the maturity
Canada: Northstar Electronics Pens LoI for Acquisition of Echotec Sonar
Northstar Electronics, Inc. specializing in sonar subcontracting for the defense and security sector, is announcing a letter of intent to purchase Echotec Sonar Corporation, a cutting-edge innovator of High Definition Omni Sonar© (HDOS) technology, specifically targeted for the defense, scientific,
USA: Statoil Extends Maersk Developer Contract for GoM Work
Delivered in 2009, Maersk Developer is the first in a series of three state-of-the-art ultra deepwater development semi-submersibles in Maersk Drilling’s fleet. Since its delivery the rig has been employed in the US Gulf of Mexico.
DCI Signs MoU with Union Shipping Ministry in New Delhi, India
According to a press release, Dredging Corporation of India Ltd (DCI) has inked a memorandum of understanding with the Union Shipping Ministry in New Delhi on Thursday. Dredging Corporation of India Ltd has taken steps for augmentation of its capacity and increasing the strength of its fleet by purc
BLT Gets US Court Orders to Prevent Arrest of Ships
PT Berlian Laju Tanker , Indonesia’s largest oil and gas shipping company, announced on 13th March 2012 that certain of its subsidiaries had successfully obtained orders from the Singapore High Court, under section 210(10) of the Singapore Companies Act preventing its ships from being impounded, whi
Norway Brakes its January Gas Sales Record
The Norwegian Petroleum Directorate has announced that in January 2012, 11.2 billion standard cubic metres of gas was sold from the Norwegian shelf. The figure is the highest of all time. “One important factor for the record-high sales is that it is winter and there is a great demand for gas in the
USA: Lowrance and Simrad Yachting Introduce LSS-2 StructureScan HD Sonar
World-leading marine electronics brands Lowrance and Simrad Yachting announce the next-generation of the revolutionary sonar imaging system, the LSS-2 StructureScan® HD. Raising the bar in fish and structure-finding technology, the new system delivers more side-to-side coverage as well as greater ta
Cyprus: SeaBird Exploration Names New CFO
The Cyprus-based seismic specialist, SeaBird Exploration PLC, has appointed Nils Haugestad as Chief Financial Officer of the company effective April 1 2012. Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is joining the company from
Cyprus: SeaBird Appoints New Chief Financial Officer
SeaBird Exploration PLC announces that Nils Haugestad has been appointed Chief Financial Officer of the company and will assume his responsibilities with SeaBird as of 1 April 2012. Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is
Croatia: 3. Maj Shipyard Launches New Tanker Built for Wisby Tankers
At a ceremony held on March 13, a newbuild 716 was launched from the Slipway No. 2. This is the first of a series of four tankers the shipbuilder 3. Maj has constructed for the Swedish company WISBY TANKERS. The tanker, designed to carry concrete, oil and chemicals, is 133 meters long and 23 meters
Kongsberg Opens New Premises in China
Global marine technology developer Kongsberg Maritime’s China division, Kongsberg Maritime China Ltd, has opened its new premises in Shanghai. The move to a much larger office reflects the continuing growth experienced by Kongsberg Maritime in China and demonstrates the company’s commitment to ensur
Solvtrans Orders New Wellboat from Astilleros Zamakona Shipyard, Spain
Solvtrans has entered into a contract with the Spanish shipyard Astilleros Zamakona S.A. for the construction of a new wellboat with delivery in June 2013. The investment of approx NOK 240 million(approx USD 41.5 Mln) will be funded through a combination of Solvtrans’ own cash pool and loans from So
Brazil: Chevron Finds New Seep at Frade Field
Chevron Corporation announced that its subsidiary Chevron Brasil Upstream Frade Ltda. has requested authorization for a temporary suspension of field production operations at the Frade Field in the Campos Basin in Brazil. The decision to request the temporary shut-in of production is a precautionary
New Zealand: Svitzer Salvors Extract Remaining Oil from Rena’s Submerged Tank
The crane barge Smit Borneo is now reconnected to Rena on the starboard side of the partially submerged stern section. Svitzer salvors have attached a hot tap to the starboard wing tank in an effort to extract the remaining oil in the submerged tank. Yesterday, they removed an estimated 10 tonnes of