Business & Finance
Greece: NewLead Holdings Completes Sale of Two Vessels
NewLead Holdings Ltd., an international shipping company owning and operating tankers and dry bulk vessels, today announced the completion of the sale of the four LR1 product tankers and one Panamax dry bulk vessel, the 1990-built “Newlead Esmeralda”. The sale of these vessels was conducted as part
Inchcape Shipping Announces Ambitious Expansion Plan for Canada
Inchcape Shipping Services today announced an ambitious three year plan to expand its logistics and supply chain business within the Canadian marketplace whilst ramping up its east & west coast marine service business. “ISS is already a world leader in maritime support services and it is a logical n
USA: Nylacast Emerges from Subsea Tieback 2012
Nylacast has dived deep and exhibited at Subsea Tieback 2012 held from the 6th to the 8th of March in Galveston, Texas. Nylacasts dedicated Offshore, Oil & Gas technical engineers; Flavio Olivarez and Howard Bradfield, were on hand at the event to provide advice and technical information directly to
GL Hellenic Technical Committee Meets in Athens, Greece
Identifying and seizing chances for improvement in a difficult business environment was the theme that ran through this year’s annual meeting of Germanischer Lloyd’s (GL) Hellenic Technical Committee, held in Athens on 8 March. The dramatic increases in fuel prices, new regulations and an increased
UAE: DMCA Takes Part in Dubai International Boat Show 2012
Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, has completed extensive preparations for its participation at the Dubai International Boat Show 2012, to be held at the Dubai International Marine Club, Mi
UK: WFS Technologies Chairman Wins AMSI Business Person of the Year Award 2012
The annual Association of Marine Scientific Industries (AMSI) Business Person of the Year Award has been presented to Brendan Hyland, Founder and Chairman of WFS Technologies, by Peter French, Chairman of the Society of Maritime Industries (and Chief Executive of BMT Group Ltd). The award was presen
Denmark: DONG Energy’s CEO Resigns
Anders Eldrup will resign from his role as CEO of Denmark-based DONG Energy. According to the information on the company’s website, he will do so by mutual consent. Fritz Schur, Chairman of the Board of Directors, states: ”Anders Eldrup has made a huge contribution to DONG Energy for eleven years an
Denmark: BIMCO Plans to Publish Armed Guard Contract
BIMCO plans to publish its standard contract Guardcon on March 26. It is hoped the document will address concerns over the relationship between the master and the head of the security team on board a vessel. Wednesday was the deadline for BIMCO’s documentary committee members to feedback comments. B
Joint 2D Multi-Client Seismic Acquisition Kicks Off in Indonesia
Spectrum, in partnership with CGGVeritas and GeoData Ventures, have commenced a broadband 2D Multi-Client seismic survey offshore West Timor, Indonesia, utilizing CGGVeritas’ state-of-the-art BroadSeisTM technology. The largely prefunded program will cover 3,340 km over the Timor trough, with CGGVer
Finland: Nord Stream AG Intends to Establish Foundation for Greater Protection of Baltic Sea
The protection of the Baltic Sea will be further expanded: this spring, Nord Stream AG intends to establish an international nature conservation foundation for the Baltic Sea. This is a further outcome of the agreement reached in 2010 between Nord Stream AG and the environmental associations WWF and
Brazil: OSX to Build 11 MR Tankers for Kingfish
OSX was hired by Kingfish do Brasil Navegação S/A to build 11 medium range tankers, with 45,000 DWT (Deadweight Tonnage) each, for transportation of oil and clear products. These vessels shall be chartered by Kingfish to Petrobras. The approximate total value of the shipbuilding contract between Kin
Brazil: OSX to Build 11 Tankers for Kingfish
OSX was hired by Kingfish do Brasil Navegação S/A to build 11 medium range tankers, with 45,000 DWT (Deadweight Tonnage) each, for transportation of oil and clear products. These vessels shall be chartered by Kingfish to Petrobras. The approximate total value of the shipbuilding contract between Kin
Shipping Corporation of India Sells Two Vessels
Shipping Corporation of India Ltd announced that it has sold a Handymax Bulk Carrier, “m.v. Pataliputra” biult 1987 (47,304 DWT), and a chemical tanker, m.t. “Sabarimala” built 1992 (33,056 DWT), and handed over their physical deliveries to the respective buyers. The Shipping Corporation of India (S
New Joint 2D BroadSeis Multi-Client Seismic Survey Offshore Indonesia Begins
Spectrum, in partnership with CGGVeritas and GeoData Ventures, have commenced a broadband 2D Multi-Client seismic survey offshore West Timor, Indonesia, utilizing CGGVeritas’ state-of-the-art BroadSeisTM technology. The largely prefunded program will cover 3,340 km over the Timor trough, with CGGVer