Business & Finance
USA: Vantage Drilling Reports Record Revenues
Offshore drilling contractor, Vantage Drilling Company, reports a net loss of $9.3 million for the 4th quarter, 2011 as compared to a net loss of $13.0 million for the 4th quarter, 2010. Net loss for the full year, 2011 was $54.8 million, excluding approximately $25.2 million of charges for the earl
Wartsila Secures Five-Year Service Agreement with Prestige Cruise Holdings (USA)
Wärtsilä , the marine industry’s solutions and services provider, has signed a five-year service agreement with US-based Prestige Cruise Holdings, Inc. (Prestige), the parent company of Oceania Cruises and Regent Seven Seas Cruises. The long-term service agreement covers six vessels, a total of 27 W
India: Goa Shipyard Holds Keel Laying Ceremony for New Research Vessel
Setting the ball rolling for yet another diversification initiative, the keel for the newly designed Fisheries Oceanographic Research Vessel (FORV) was laid on 9 March 2012 at Goa Shipyard Ltd. This is the first in the series of three vessels being built by GSL for the Central Marine Fisheries Insti
BP Joins Serica in Luderitz Basin Explorations Offshore Namibia
Serica Energy plc announces that, subject to the consent of the Ministry of Mines and Energy in Namibia, BP will be joining Serica in the exploration of Licence 0047 offshore Namibia by farming-in to Serica’s interest. The Licence, comprising Blocks 2512A, 2513A, 2513B and 2612A (part), was recently
Germany: Newly Formed Shipping Group Blue Star Holding Gets CEO
From July 1st 2012 Dr Hermann J. Klein will run the newly formed shipping group as its Chief Executive Officer (CEO). E.R. Schiffahrt, Komrowski Befrachtungskontor and the Komrowski owned Reederei Blue Star are merging their ship management activities under the newly formed Blue Star Holding. The ne
India: GSL Lays Keel for Fisheries Oceanographic Research Vessel
Setting the ball rolling for yet another diversification initiative, the keel for the newly designed Fisheries Oceanographic Research Vessel (FORV) was laid on 9 March 2012 at Goa Shipyard Ltd. This is the first in the series of three vessels being built by GSL for the Central Marine Fisheries Insti
Norway: PSA Inspects Preparedness at Snorre A
During the period 8 – 10 November 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of preparedness on Snorre A platform in the North Sea. The objective of the activity was to review and assess the management’s control of and leadership as regards barriers related to preparednes
Nord Stream Submits Second Swedish Annual Environmental Monitoring Report
Nord Stream has submitted the second annual environmental and social monitoring report to the Swedish authorities. The report is part of a series of five planned annual reports relating to the construction and operation of the natural gas pipeline in the Swedish Exclusive Economic Zone (EEZ). Nord S
BLT Seeks to Extend Court Order Protection in USA
PT Berlian Laju Tanker Tbk announced yesterday that a number of its subsidiaries had obtained orders from the Singapore High Court, under section 210(10) of the Singapore Companies Act preventing its ships from being impounded, while the Group worked with its creditors to achieve a consensual restru
USA: IHC Merwede Showcases Its Products at OTC Houston 2012
IHC Merwede will exhibit a broad range of its innovative vessels, advanced equipment and lifecycle support activities on stand number 2625 at the forthcoming Offshore Technology Conference (OTC) 2012, which runs from 30 April to 3 May in Houston, USA. As a reliable supplier of custom-built vessels a
Namibia: Polarcus Nadia to Conduct 3D Survey in Serica’s Luderitz Basin Blocks
Serica Energy plc announces that, it has signed a contract with Polarcus Seismic Limited utilising the 10-streamer vessel Polarcus Nadia for an extensive 3D seismic acquisition survey in Serica’s Luderitz Basin Blocks 2512A, 2513A, 2513B and 2612A (part), located offshore Namibia. The survey, planne
IHC to Showcase Vessels and Equipment at OTC 2012 (USA)
IHC Merwede will exhibit a broad range of its innovative vessels, advanced equipment and life-cycle support activities on stand number 2625 at the forthcoming Offshore Technology Conference (OTC) 2012, which runs from 30 April to 3 May in Houston, USA. As a reliable supplier of custom-built vessels
Interconnectors to Assist in Balancing UK’s Electricity System
Construction of electricity links between Britain and its surrounding markets could be perceived as a solution for exporting excess electricity that is hard to predict and cannot be stored, a manager at National Grid stated according to Reuters. In cases when renewable energy production, such as win
Namibia: Polarcus Nadia to Start Luderitz Basin Survey in April
Serica Energy plc announces that, it has signed a contract with Polarcus Seismic Limited utilising the 10-streamer vessel Polarcus Nadia for an extensive 3D seismic acquisition survey in Serica’s Luderitz Basin Blocks 2512A, 2513A, 2513B and 2612A (part), located offshore Namibia. The survey, planne