Business & Finance
Italian Ministry of Interior Announces Patrol Vessels Tender
Italian Ministry of Interior has announced accelerated restricted procedure tender, within the EU / WTO, for the contract to supply of 3 multi-role patrol type craft; 2 vessels to be 34m in length and 1 to be 27m; Vessels to be used by the Tunisian national guard and navy; Option to provide a furthe
The Netherlands: Dockwise Reports 3Q Profit of USD 8 Million
Dutch heavy lift specialist, Dockwise, today reported a net income of $8 million for the 3rd quarter 2011, a 39% dip on the $13.1 million earned in the third quarter the year before. Revenues were $112.9 million, higher than $108.9 million in the third quarter 2010 . Vessel utilization, based on 365
UK: Reef Subsea AS Acquires Rotech Subsea
Reef Subsea AS announced yesterday that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with
UK: Reef Subsea Acquires Rotech Subsea
Reef Subsea AS announced that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with offices in
BritNed Announces Maintenance Work on Subsea Cable Between UK and The Netherlands
The 1,000-megawatt (MW) subsea power cable linking the British and Dutch markets will undergo planned maintenance work for… (Reuters) [mappress] Source: Reuters, November 11, 2011; Image: BritNed
The Netherlands: Dockwise Reports 3Q Profit of USD 8 Million
Dutch heavy lift specialist, Dockwise, today reported a net income of $8 million for the 3rd quarter 2011, a 39% dip on the $13.1 million earned in the third quarter the year before. Revenues were $112.9 million, higher than $108.9 million in the third quarter 2010 . Vessel utilization, based on 365
E.ON to Convert Wind Power into Gas (Germany)
E.ON is developing a pilot plant in Falkenhagen in the north east of Germany to convert power from wind energy into hydrogen which can then be stored in the country’s gas grid. The company is investing over EUR5 million on the pilot plant and further research into this innovative technology. Using p
E.ON to Convert Wind Power into Gas (Germany)
E.ON is developing a pilot plant in Falkenhagen in the north east of Germany to convert power from wind energy into hydrogen which can then be stored in the country’s gas grid. The company is investing over EUR5 million on the pilot plant and further research into this innovative technology. Using p
EU Commission Authorises Swedish Plans to Grant EUR 15 M for Wave Power Development
The European Commission has authorised Swedish plans to grant SEK139 million (ca. € 15 million) towards the development of a wave energy production demonstration plant by Seabased Industry AB. The production of energy from sea waves has been in development for some years, but has still not reached t
Greece: Diana Shipping Enters Into Time Charter Contract for MV Erato
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Hyundai Merchant Marine Co. Ltd, Seoul, South Korea, for one of its Panamax dry bulk carriers, the m/v Erato, at a gro
Canada: Nautilus Minerals Releases Third Quarter Results
Nautilus Minerals Inc continued to make steady progress in the development of its pioneering seafloor copper/gold project in the September quarter of 2011, and remains on track to commence production in the final quarter of 2013. The company completed the quarter with a cash balance of US$155.1 mill
UK: Ferguson Shipbuilders, CMAL Ink Shipbuilding Contracts for Two Hybrid Ferries
Following last week’s announcement that Ferguson Shipbuilders, Port Glasgow, Scotland had been named as the preferred bidder for the contract to build the world’s first two sea going Roll On Roll Off vehicle and passenger diesel electric hybrid ferries, Caledonian Maritime Assets Limited (CMAL) and
The Netherlands: Hakvoort Shipyard to Present Ocean Going Motoryacht YN 247
YN 247 will feature a full-beam master stateroom and owner’s study on the main deck. Eight guests will enjoy first class accommodation in four cabins, with dedicated quarters for the captain and four crew members. There will be a special garage for the tender in the lazarette, which will be located
UK: Tidal Transit’s MCA CAT 1 OWSV Hits Water
MV Ginny Louise will be in UK waters in early December. She will be touring the UK’s East Coast in December starting in Southampton and stopping at Ramsgate, Sheerness, Brightlingsea, Harwich, Felixstowe, Lowestoft, Great Yarmouth, Wells-next-the-Sea and Grimsby. MV Eden Rose due in the UK in Januar