Business & Finance
France: Nexans Releases Third Quarter Financial Results
Nexans announced 2011 third quarter sales of 1,711 million euros (at current non-ferrous metal prices), or 1,127 million euros at constant non-ferrous metal prices, which corresponds to organic growth of 3.9%. For the first nine months of the year, the organic growth in sales was 6.8% compared with
The Netherlands: DEME Launches New Cutter Suction Dredger at IHC Merwede Shipyard
Today, the DEME-group (Dredging, Environmental and Marine Engineering) launched the self-propelled cutter suction dredger, AMBIORIX, one of the most powerful and advanced cutter suction dredgers in the world. The launching ceremony took place at the IHC Merwede shipyard in Hardinxveld-Giessendam, Th
The Netherlands: DEME Launches Self-Propelled Cutter Suction Dredger “Ambiorix”
Today, the DEME-group (Dredging, Environmental and Marine Engineering) launched the self-propelled cutter suction dredger, AMBIORIX, one of the most powerful and advanced cutter suction dredgers in the world. The launching ceremony took place at the IHC Merwede shipyard in Hardinxveld-Giessendam, Th
Germany: Business Offshore Conference in Hamburg Starts December 8th
The first international Business Offshore Conference 2011 held in Hamburg kicks off on December 8th where top executives of the world’s leading offshore and energy companies will give updates on investments, project developments and timelines for offshore projects. A source of pride for the organize
Holland Shipyards to Construct Mobile Accommodation Module for Jumbo Offshore
Today Jumbo Offshore and Holland Shipyards have signed an agreement for the construction and delivery of a mobile offshore accommodation module for 50 persons. This module will be used by Jumbo Offshore when large installation jobs are contracted and the existing on-board accommodation does not suff
HMC’s Construction Vessel Balder Completes Offshore Installation Works in Angola
After a period of 15 months, Heerema Marine Contractors (HMC) completed the Block 31 PSVM campaign offshore Angola. HMC’s Deepwater Construction Vessel Balder finished the offshore installation campaign with the safe and successful lay down of the last second end FTA of the last production line. Wit
Japan: Tsuneishi Shipyard Launches New Bulk Carrier for ‘K’ Line
Fukuyama Tsuneishi Shipyard of Tsuneishi Shipbuilding Co. launched “ZEN-NOH GRAIN MAGNOLIA”, an 82,000 DWT-type Kamsarmax bulk carrier for Kawasaki Kisen Kaisha Ltd, on October 26, 2011. The vessel will be involved in long-term service carrying grain to “K” Line’s esteemed customer National Federati
USA: Chevron 3Q Profit Soars on High Oil Prices and Asset Sales
Chevron Corporation today reported earnings of $7.8 billion ($3.92 per share – diluted) for the third quarter 2011, compared with $3.8 billion ($1.87 per share – diluted) in the 2010 third quarter. Sales and other operating revenues in the third quarter 2011 were $61 billion, up from $48 billion in
ABS Establishes Korea Energy Technology Center
Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS’ first energy center and will focus on applied research to a broad range of current and future techno
Denmark: ATV Hosts Meeting on Industry’s Demands for Engineering Educations
On Monday 21 November 2011, the Danish Academy of Technical Sciences – ATV – will be hosting a stakeholder meeting at A.P. Møller-Mærsk on the industry’s demands for the naval architecture and marine engineering educations of the future. The Danish Maritime Fund has tasked the ATV, under the guidanc
UK: JHW Law Secures Construction Legal Advisory Services Contract for DeltaStream Device
Tidal Energy Limited announces that JHW Law Ltd has been awarded the Construction Legal Advisory Services Contract for the demonstration DeltaStream device. The contractor’s scope of work will consist of providing legal contract support services to TEL during operation of the manufacture and constru
Germany: RoRo Vessel ‘Seatruck Power’ Hits the Water
The building program of Flensburger Schiffbau-Gesellschaft is on schedule: only about two months after the launching of the “Seatruck Progress”, today yard no. 747 “Seatruck Power” was named and launched into the waters of the Flensburg fjord. She will be followed by two further identical sister ves
UAE: Lamprell Inaugurates New Rig Yard
Lamprell, a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry, yesterday held the official inauguration ceremony for its main facility in Hamriyah Free Zone, Sharjah, UAE. The event, under the patronage of
Taiwan: NCU Uncovers Gas Potential of Seabed ‘Mud Volcanoes’
National Central University researchers have discovered that the many mud diapirs, or “mud volcanoes,” located on the seabed off Taiwan’s so… (Taiwan Today) [mappress] Source: Taiwan Today, October 28 , 2011;