Business & Finance
Investment in Renewables may Double to USD 395 Billion a Year by 2020 (UK)
Investment in renewable power generation may double to $395 billion a year by 2020, led by growth in offshore wind and solar energy projects… (bloomberg) [mappress] Source: bloomberg, November 16, 2011
South Korea: Vroon Takes Delivery of New Tanker
Vroon Shipping announced that today, Wednesday 16 November 2011, company took delivery of Iver Blessing, a 6,187-ton asphalt/oil/chemical tanker. The vessel was constructed at the Hyundai Mipo Dockyard, Ulsan, South Korea and is the last in a series of four vessels to have been built at the Dockyard
Norway: Havyard Signs Contract for Delivery of Two PSVs
Havyard Group AS has signed a contract with the Indian shipping company Global Offshore Ltd for delivery of a PSV vessel, including an option for one further vessel. The Indian shipping company, known as Garware Offshore until just recently, has changed its name due to an expansion from only operati
India: Global Offshore Orders Two PSVs from Havyard
Havyard Group AS has signed a contract with the Indian shipping company Global Offshore Ltd for delivery of a PSV vessel, including an option for one further vessel. The Indian shipping company, known as Garware Offshore until just recently, has changed its name due to an expansion from only operati
Panama Canal Authority CEO Delivers Keynote Address at TOC Americas
Alberto Alemán Zubieta, CEO of the Panama Canal Authority (ACP), presented the keynote address to more than 300 participants at the Terminal Operations Conference & Exhibition Container Supply Chain: Americas 2011 (TOC Americas).This is the third time in its 12-year history that TOC Americas has bee
UK: Trident Energy Signs Collaboration Agreement with RenewNet
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, announced that it has signed a collaboration agreement with RenewNet, a world-leading electrical engineering research organisation. Trident Energy has developed a low cost, high reliability l
Greece: Navios Maritime Acquisition Charters Newbuild LR1 Product Tanker
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that the LR1 Product Tanker Nave Andromeda of 75,000 dwt was delivered from a South Korean shipyard and immediately began a 3-year charter-out with two one-year options at a net rate of $11,850 for the
Bowtech Products Appoint Neotek as Exclusive French Agent
Bowtech Products announce the continued expansion of their distribution network with the appointment of Neotek SA, as their exclusive agents in France. This increases the worldwide representation of Bowtech’s expanding product range to 18 countries. In recognition of their appointment, Olivier Riche
Vietnam: Honeywell Lands Te Giac Trang Job from HLJOC
Hoang Long Joint Operating Company (HLJOC) has selected Honeywell as a main electrical and instrumentation building contractor for its H-04 wellhead platform in the Te Giac Trang (TGT) Field. This announcement follows the successful completion of an earlier phase (H-01 wellhead platform) of the TGT
India: Mercator Lines Limited Reports 2011 Half Year Results
Mercator Lines Limited announced its financial results for half year ended 30th Sept 2011 (FY12).The total consolidated income for HI FY12 was Rs. 1,584 Cr. against Rs. 1,268 Cr. for the HI FY11 ended on 30th Sept 2010 recording an increase of 25% on YOY basis. The consolidated Net Profit was Rs. 21
USA: NASA Shares Underwater Training Facility with Petroleum Industry
Astronauts and oil field workers will share a training facility at NASA’s Johnson Space Center in Houston thanks to a new agreement that takes advantage of excess capacity at the agency’s underwater training pool. Raytheon Technical Services Co. of Dulles, Va., NASA’s contractor for operations at th
Keppel Singmarine Receives Two Newbuild Contracts from Indonesia
Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts from Indonesian customers worth a total of about S$47 million. The first contract is for a Coal Transshipment Barge for repeat customer PT Indo Straits Tbk, through its subsidiary company
USA: McMoRan Encounters More Hydrocarbons at Lafitte Prospect
McMoRan Exploration Co., a shallow water Gulf of Mexico exploration company, reported yesterday that its Lafitte ultra-deep prospect, which is located on Eugene Island Block 223 in approximately 140 feet of water, has encountered additional hydrocarbons. The well has been drilled to a true vertical
Singapore: Ocean Intelligence Announces New Management Structure
Ocean Intelligence, the Singapore-based marine credit analysis company, has appointed John Phillips Manager Director. Phillips will also become a member of the Petromedia Group Board and will be based in Singapore. John Phillips comes to Ocean Intelligence from his own consulting company, Awyr Las P