Business & Finance
Denmark: SVITZER Gets New CEO
Mr Robert Uggla has been appointed new CEO of SVITZER with effect from 1 May 2012. Robert Uggla has until now held the position as Managing Director of Broström, which is part of Maersk Tankers. He replaces Jesper T. Lok, who was recently appointed new CEO of DSB, the national Danish train operator.
Rickmers Line Expands Presence in China
Rickmers-Linie, the Hamburg based operator of heavy lift and project liner services, is expanding its market coverage in China and is enhancing its sales and marketing activities into central China and in Southern China. According to Wolfgang Harms, Rickmers-Linie’s Chief Representative Greater Chin
Cyprus: SeaBird Publishes Fourth Quarter Results
SeaBird published results for the fourth quarter of 2011 with the following highlights: · A Letter of Intent entered into between SeaBird and Fugro Norway on 3 October 2011 for the sale of the OBN business, completed on 8 December 2011. The transaction also includes two SeaBird vessels on time chart
China: Sinopacific Delivers CROWN 63
On February 27th, nearly 200 shipping professionals including ship owners, bankers, ship brokers, governmental officers, suppliers and media staff attended the press conference for the lead ship of CROWN 63 series of Sinopacific Shipbuilding Group in Yangzhou City, China. In the conference, SINOPACI
OceanWorks to Provide Royal Canadian Navy with A-Frame Template for Submarine Rescue
OceanWorks International has been awarded a contract by the Canadian Department of National Defence for another key piece of equipment which will enable submarine rescue cooperation and interoperability with the U.S. Navy. The A-Frame Template Kit is designed to work along with the Ship Interface Te
Norway: Lundin Extends Bredford Dolphin Contract
Swedish Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with current contract with Lundin Norway AS. The contract
U.A.E: Unique Maritime Group Introduces Light Weight Taut Wire MK 15 B
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announced today the introduction of the Light Weight Taut Wire MK 15 B to their rental pool inventory. The Light Weight Taut Wire Mk 15B is a position-reference system used extensively with D
Trinidad to Offer Six Blocks in Deep Water Bid Round
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
USA: Endeavour Reports Net Loss in Fourth Quarter 2011
Endeavour International Corporation reported fourth quarter 2011 net income (loss), as adjusted of $(5.8) million compared to $81.1 million for 2010, when it reported an $87 million gain on the sale of its North Sea asset Cygnus. On a GAAP basis, net loss for the fourth quarter of 2011 was $44.6 mil
Spain: Repsol Reports Drop in 2011 Net Income
Spanish oil company, Repsol, posted a net income of EUR 2.193 billion in 2011, 53.3% lower than that recorded in 2010 and which included the one-time gain from the agreement between Repsol and China’s Sinopec in Brazil. Earnings were negatively affected by external factors such as the armed conflict
Trinidad and Tobago Deep Water Competitive Bid Round to Open in March
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
DP World Chairman Visits UK Projects
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, has welcomed a new productivity record set for vessel handling operations at DP World Southampton, and expressed his pleasure with the progress of construction at London Gateway, the new global shipping port and logistics centre project. Mr Bin Sulaye
Divex’s Deep-Sea Diving System for Russian Rescue Ship Igor Belousov
Deep-sea diving system produced by Divex (Scotland) for Russian rescue ship Igor Belousov will be delivered, mounted, and tested by specialists of Russian company Tetis Pro which is going to provide 5-year long aftersales service and train operators. The contract with Tetis Pro will be signed in the
USA: GDBIW Wins USD 663 Million Shipbuilding Contract
The U. S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics, a $663 million modification to a previously awarded contract to construct DDG 116, an Arleigh Burke-class guided missile destroyer. DDG 116 is the fourth ship in the Navy’s Arleigh Burke-class construction