Business & Finance
Bangladesh: Western Marine Hands Over Catamaran ‘Western Cruise’ to CBC
Western Marine Group has handed over one catamaran type passenger ship named ‘Western Cruise’ to Chittagong Boat Club (CBC) on 29 January 2012. The ship was handed over to the Chief Guest of the event Vice Admiral Zahir Uddin Ahmed, Chief of the Naval Staff through a mezban festive, a traditional ce
Hyperdynamics Resumes Sabu-1 Drilling Offshore Guinea
Hyperdynamics Corporation resumed drilling operations on the Sabu-1 exploration well yesterday, on January 29th, in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 2,304 meters subsea, after it was suspended on January 23 due to the drilling equipment
UK: GE Receives Massive Order for Golden Eagle Development
GE Subsea Systems has been selected for the Nexen Golden Eagle Area Development project in the United Kingdom’s central North Sea. Contracts with the project operator, Nexen Petroleum U.K. Limited, could total more than $170 million over the life of the development, GE reported at the 2012 GE Oil &
Aker Seafoods Sells Trawler ‘Nordfjordtral’ to Canadian Company
Aker Seafoods ASA has concluded an agreement with Independent Seafood Canada Corporation concerning the sale of the trawler “Nordfjordtrål”. Sales amount is about NOK 43 million. Book value was NOK 41 million per January 1st, 2012. Delivery of the trawler is latest December 1st, 2012. Aker Seafoods
Norway: Seven Havila Achieves Milestone. Eight Divers Together on Seabed
The state-of-the art diving support vessel, the Seven Havila, owned by Subsea 7 and Havila Shipping, has achieved a world first in the number of divers working on the seabed. Gael Cailleaux, Vice President for Offshore Resources at Subsea 7 confirmed the achievement that eight divers were in action
Norway: BLRT Grupp Delivers Gas-powered Ferry to Fjord1
In Western Norway, the gas-powered ferry Edøyfjord delivered by BLRT Grupp started trafficking the route. The new ferry will serve the Edøya-Sandvika route to Smøla in Nordmøre County. It was built by joint venture Fiskerstrand BLRT for the transport company Fjord1. The ship was designed by the othe
UK: Crown Estate Assigns ABPmer to Develop Wave and Tidal Model for Pentland Firth
The Crown Estate has commissioned ABPmer to develop a regional wave and tidal model for the Pentland Firth and Orkney Waters strategic area. The model aims to develop a refined description of the marine energy resource as well as help to better understand the magnitude and extent of cumulative effec
PT IEV Wins Cutting Project Offshore Indonesia
PT IEV INDONESIA, a subsidiary of IEV Holdings Limited, received an award by PT Sempec Indonesia in January 2012 to provide Diamond Wire Cutting Services for the removal of a platform offshore North Madura Island, Indonesia. PT IEV will mobilise a crew of seven specialists to operate 24 hours and th
Indonesia: PT IEV Takes Part in Offshore Platform Removal
PT IEV INDONESIA (“PT IEV”), a subsidiary of IEV Holdings Limited, received an award by PT Sempec Indonesia in January 2012 to provide Diamond Wire Cutting Services for the removal of a platform offshore North Madura Island, Indonesia. PT IEV will mobilise a crew of seven specialists to operate 24 h
China: Afai’s 34m Ferry Xunlong 5 Completes Sea Trial
To insure the early sea trial and successful delivery of Xunlong No.5, the first vessel of 34m ferry project, since its launching, Afai Southern did its best to take various effective measures as quickly as possible, carried out the outstanding works before sea trial, and make sure meeting the requi
Trinidad & Tobago: Emerson Supplies its Largest Dantorque Actuator to NGC
The National Gas Company of Trinidad and Tobago Limited is using the largest Dantorque™ actuator ever produced by Emerson to help expand its gas distribution network on the Caribbean nation of Trinidad and Tobago. The actuator, which is 2.4 meters tall and 1.64 meters in diameter, will be used to is
USA: Horizon Lines to Pay USD 1.5 Million to Settle Oil Record Keeping Charges
Horizon Lines, Inc. announced that its Horizon Lines, LLC operating subsidiary has entered into an agreement with the U.S. Department of Justice, under which the ocean cargo carrier will plead guilty to two counts of providing federal authorities with false vessel oil record-keeping entries on a con
Ireland’s Failure to Ratify UN Treaty Could Lead to Plundering of Underwater Heritage
The State’s failure to ratify a UN treaty could lead to the plundering of the underwater cultural heritage. Lorna Siggins (irishtimes) [mappress] Source: irishtimes , January 30, 2012; Image: Odyssey Marine
Sweden: TransAtlantic Industrial Shipping Appoints New CEO
The Board of Directors has appointed Kim Hedegaard Sörensen as new CEO of Industrial Shipping at TransAtlantic as from 1 March, 2012. Kim Hedegaard Sörensen holds a Danish degree in Business Administration and an Executive MBA from IMD. He has held a number of executive positions at A P Möller – Mae