Business & Finance
USA: TPA Hosts Cuba Forum
The Tampa Port Authority (TPA) hosted a forum on November 16 with presentations from experts on the topic of the current and future challenges and opportunities of conducting legal maritime related trade with Cuba. With an attendance of approximately 100 business representatives from throughout Flor
Germany: Bluestream Offshore Forms Joint Venture with Baltic Taucher
Bluestream Offshore has formed a joint venture with German-based maritime service provider Baltic Taucherei- und Bergungsbetrieb Rostock GmbH (Baltic Taucher) to provide offshore wind operators in German waters with a comprehensive range of fully-integrated subsea services. The newly-formed JV – to
UAE: Cavotec to Electrify RTG Cranes Jebel Ali Port
Global engineering group, Cavotec, has won a contract to electrify eight rubber tyred gantry (RTG) cranes at DP World’s Jebel Ali port in Dubai; a move that will realise significant reductions in energy costs and emissions. “Through this project, Cavotec maintains its position as the leading innovat
Finnish Wartsila One Step Closer to Hamworthy Acquisition
Wärtsilä Corporation announced that it has reached agreement with the Board of Hamworthy plc , a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms of the acquisition Hamworthy shareho
Singapore: Subsea Business May Return to Profit, According to Ezra
Ezra Holdings Ltd. (EZRA), a provider of offshore logistics to the oil and gas industry, said its deep- water subsea business may return to… (Bloomberg ) [mappress] Source: Bloomberg , November 22 , 2011; Image: Ezra
USA: VideoRay Announces its Participation at International Workboat Show
VideoRay announces that it will showcase its latest technology at this year’s International Workboat Show. Visitors will be able to pilot a VideoRay Remotely Operated Vehicle in booth #567 at the International Workboat Show – November 30 – December 2, 2011 Morial Convention Center, New Orleans USA.
USA: Bluefin Wins Contract to Provide UUVs for LCS SMCM UUV Program
Bluefin Robotics, a leader in the design and manufacturing of Unmanned Underwater Vehicles (UUVs) is being awarded a subcontract from General Dynamics Advanced Information Systems for engineering and manufacturing of the Surface Mine Countermeasure Unmanned Underwater Vehicle (SMCM UUV). As a critic
Nakilat Wins Lifetime Achievement Award in Dubai, UAE
Nakilat, Qatar’s premier liquefied natural gas (LNG) shipping company has been honored by the maritime industry’s leading daily newspaper Lloyd’s List, receiving its most coveted annual award for shipping and port facilities in the Middle East and Indian Subcontinent. The presentation ceremony took
Government of Indonesia Awards BP Two Oil and Gas PSCs
BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100 per cent interests in the offshore West Aru I and II PSCs in the Arafura Sea, Indonesia. The West Aru I and II PSCs are located approximate
Malaysia: Bumi Armada Profit Down 1 pct
Bumi Armada Berhad, the largest owner and operator of offshore support vessels in Malaysia, announced today an increase in YTD revenue of 34.8 % to RM 1.17 billion from RM 870.2 million a year ago, driven by higher activity across all its business segments. Its operating EBITDA also increased by 19.
Statoil Becomes Operator of Halmahera Block, Offshore Indonesia
Statoil announced today that it has been awarded the operatorship and a significant working interest in a large offshore exploration licence in eastern Indonesia. The Halmahera II block is situated in a frontier basin with no wells drilled nearby. Statoil now owns 80% working interest in the licence
UK: Osiris Projects Rates Coda Seismic+
Osiris Projects prides itself on high quality reporting, an aim which can only be achieved through continuous investment in the very latest in hardware and software. The first element in the all-new Coda Survey Engine range, Seismic+ provides Osiris Projects with an excellent solution to effective a
New Zealand: Salvage Unit Removed 15 More Containers from Rena
Despite working in winds occasionally gusting above 40 knots, salvors have today removed 15 containers from the stern of the cargo vessel Rena, taking the total number of containers removed to 64. Maritime New Zealand Salvage Unit Manager Arthur Jobard said the salvage team had done well to remove s
Australia: Maritime Systems Division Invites Tenders for Underwater Sonar Systems
In order to fulfill underwater navigation capability requirements for the Royal Australian Navy (RAN) the MCDSPO is procuring 34 Underwater Navigation and Integrated Sonar (UNIS) systems, which will allow the RAN to carry out mission planning, accurate navigation and automated hydrographical data re