Business & Finance
The Netherlands: APM Terminals Announces Record Results for 2011
APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue growth of 10% year- on-year and an EBITDA of USD 1,059 mio. makes APM Terminals’ result for 2011 “the strongest ever”, according to CEO Kim Fejfer. Net operating profit after ta
India: Essar Shipping Takes Delivery of Its Newest Mini Cape Vessel
Essar Shipping Limited (ESL) part of the Essar Group has, taken the delivery of MV “Arun”. This newest addition to Essar Shipping’s growing fleet, MV Arun, is a Mini Cape which is 253 metre long, 43 metre wide and has a cargo capacity of 105000 dwt. Essar Shipping has a total capexplan of USD 1 [&he
South Africa: DCD Marine Completes Works on Transocean’s Drillship
Transocean’s Deepwater Millennium vessel recently left the South Africa’s Port of Ngqura near Port Elizabeth after undergoing a number of upgrades and modifications by DCD Marine. The Deepwater Millennium vessel is a Samsung/Reading & Bates designed, dynamically positioned drillship capable of drill
UK: ROV Black Falcon Dives Under Arctic Ice
Tiny algae that colonise the underside of the Antarctic sea ice play a big part in the health of Southern Ocean ecosystems. These microalgae absorb large amounts of carbon dioxide by converting it into sugars and oxygen, using the energy of sunlight. They also kick-start the Southern Ocean food chai
South Korea: STX Delivers Kamsarmax Bulk Carrier to Chellship
Chellship has taken delivery of its newest vessel the Kamsarmax type Bulk Carrier Darya Kirthi of 80.500 DWT built at STX Korea. Besides the Kamsarmax vessel Darya Kirthi that is being built at STX Korea there are two handy size vessels Darya Ganga and Darya Jamuna being built at HMD Korea. The cons
Singapore: Mosvold Supply Cancels Another AHTS Order
Mosvold Supply Plc, in 2007 contracted Otto Offshore Ltd, a wholly owned subsidiary of Otto Marine Limited, to build a series of four AHTS (VS 491 CD) vessels. Mosvold Supply Plc shortly thereafter transferred these contracts one each to four single purpose wholly owned subsidiaries. Mosvold Supply
Norway: NPD to Award IOR Prize at ONS 2012
The Norwegian Petroleum Directorate’s 2011 prize for improved recovery will be awarded on the opening day of ONS in August. Director General Bente Nyland has taken the initiative to move the award ceremony to ONS. “The Norwegian Petroleum Directorate and the ONS management have discussed the possibi
Denmark: Technip, DSME Win Hejre Project Development Contract
French based Technip, in partnership with South Korea’s Daewoo Shipbuilding & Marine Engineering Co, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth of 70 meters. This contract covers engineering, procurement, fabrication, hook-
Mosvold Supply Cancels Another AHTS Order (Singapore)
Mosvold Supply Plc, in 2007 contracted Otto Offshore Ltd, a subsidiary of Singapore’s Otto Marine Ltd, to build a series of four AHTS (VS 491 CD) vessels. Mosvold Supply Plc shortly after transferred the contracts one each to four single purpose wholly owned subsidiaries. Mosvold Supply IV Limited (
USA: BMT Inaugurates New Offices in Houston
BMT Group (BMT) the leading international maritime design, engineering and risk management consultancy announces the opening of its new offices in Houston, Texas. BMT Scientific Marine Services has had operations in Houston since 1996. Their expanding business has necessitated the move to larger and
USA: General Dynamics NASSCO Wins Deal for Third MLP Ship
General Dynamics National Steel and Shipbuilding Co. (NASSCO) has been awarded a $359,750,000 modification to a previously granted contract. This contract includes procurement of the detail design and construction of a third Mobile Landing Platform Ship (MLP). The Mobile Landing Platform (MLP) is a
UAE’s Polarcus Receives LOI for 3D Seismic Offshore NW Europe
Polarcus Limited, an UAE based seismic survey specialist, has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. Polarcus is a pure play marine geophysi
The Netherlands: Dredge Yard Launches Innovative Dredge Component
Dredge Yard, a specialized company in dredging technology and dredging equipment based in the Netherlands and United Arab Emirates has announced the launch of the dredge suction mouth. The dredge suction mouth is a dredge component positioned behind the cutter head of a Cutter Suction Dredger during
Western Australia Premier Opens Devil Creek Gas Plant
Apache Energy on February 25 marked the official opening of the Devil Creek Gas Plant by the Premier of Western Australia and Minister for State Development, the Hon. Colin Barnett MLA. The development, located in the northwest of Western Australia, represents an investment of approximately AUS$1.1