Business & Finance
Brazil: Prysmian Announces Expansion into OffShore Oil Industry
Prysmian Group, world leader in the energy and telecom cables and systems industry, is stepping up its expansion into the business of products and services for the offshore oil industry. The new flexible pipes plant in Brazil is now fully operational and the integration with Draka has broadened the
Importance of Setting ‘Binding Targets’ for Renewables (Belgium)
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
Importance of Setting ‘Binding Targets’ for Renewables (Belgium)
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
Singapore: GGOS Cancels Support Vessels Order
Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singapore incorporated subsidiary of the Company’s subsidiary – Greatship (India) Limited (GIL), had signed contracts for two new building Multipurpose Support Vessels (Builder’s Yard No. 26775 and 26784) with Mazagon Dock Limited, Mumbai in Sep
Bermuda: Nordic American Takes Delivery of New Suezmax Tanker
Nordic American Tankers Limited has taken delivery of its second suezmax newbuilding tanker of 158,000 deadweight tons built at Samsung Heavy Industries Co., Ltd., South Korea. The Nordic Zenith was delivered to the Company November 8, 2011. At the end of 2010, Nordic American had 15 vessels employe
Canada: Kongsberg Unveils New MS 1000 Software for Digital Scanning Sonar
Kongsberg Mesotech unveiled the latest release of MS 1000 software for MS 1071 and MS 1171 Digital Scanning Sonar. This version provides stunning high-resolution underwater records when combined with Kongsberg MS 1171 Profiling Sonar and precision rotators. These added capabilities greatly extend th
Brazil: Prysmian Opens Flexible Pipes Plant. Wins New Order from Petrobras
Prysmian Group, world leader in the energy and telecom cables and systems industry, is stepping up its expansion into the business of products and services for the offshore oil industry. The new flexible pipes plant in Brazil is now fully operational and the integration with Draka has broadened the
Singapore: GGOS Cancels Shipbuilding Contract for One Multipurpose Support Vessels
Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singapore incorporated subsidiary of the Company’s subsidiary – Greatship (India) Limited (GIL), had signed contracts for two new building Multipurpose Support Vessels (Builder’s Yard No. 26775 and 26784) with Mazagon Dock Limited, Mumbai in Sep
Canada: FORCE Announces Opening of Visitor Centre and Subsea Cable Arrival
Nova Scotia continues to be a world leader in tidal energy with the completion of a new $1.3-million visitor centre and the arrival of the subsea power cables required to deliver electricity from the Bay of Fundy to Nova Scotia homes and businesses. The Fundy Ocean Research Centre for Energy (FORCE)
Greater Consolidation for Wind Energy Market with Fewer but Stronger Participants (UK)
The European wind energy market is just starting to recover from the economic downturn in 2009. As demand stabilises, steady growth is forecast. At the same time, the market is poised for greater consolidation that will result in the emergence of fewer but stronger participants. New analysis from Fr
USA: GAO Finds Deficiencies in USCG and DOI Offshore Inspection Programs
Last week, GAO testified before the House Subcommittee on Coast Guard and Maritime Transportation regarding offshore energy inspection programs. The written statement, Deepwater Horizon: Coast Guard and Interior Could Improve Their Offshore Energy Inspection Programs (GAO-12-203T), can be accessed b
Germany: Maersk Line Goes Under Spotlight at Intermodal Europe
It has been a year of change for Maersk Line and at Intermodal Europe, on 29 November 2011, the carrier’s new business strategy will be placed under the spotlight during a special one-on-one interview with Søren Toft, Vice President of Operations at Maersk Line. The carrier’s Manifesto for Change, a
Norway: DNO’s Financial Position Stronger than Ever, CEO Says
DNO International ASA is reporting net profit of NOK 299 million for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company delivered a Working [
Holland MT, FKAB Marine Secure Dredger Design Contract from Taiwanese Shipyard
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel