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Business & Finance

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Tonga’s Prime Minister to Attend Signing Ceremony for Fibre Optic Submarine Cable Project
Business & Finance

Tonga’s Prime Minister to Attend Signing Ceremony for Fibre Optic Submarine Cable Project

During the Forum Meetings in New Zealand , Tonga’s Prime Minister, Lord Tu’ivakano will attend a Signing ceremony with the World Bank and the Asian Development Bank for the Tonga-Fiji Connectivity Project (Phase 1),also known as the Fibre Optic Submarine Cable Project . This project is under the Pac

about 15 years ago
E.ON Moves to Next Stage on Proposed Rampion Offshore Wind Farm (UK)
Business & Finance

E.ON Moves to Next Stage on Proposed Rampion Offshore Wind Farm (UK)

E.ON is moving to the next stage of its planned 665MW Rampion wind farm off the Sussex coast. The company, is also a partner in the London Array which will be the world’s largest offshore wind farm when complete, has applied for permission to put a 100m mast on the proposed Rampion site and [&hellip

about 15 years ago
South Korea: STX Pan Ocean Gets USD 510 Million Syndicated Loan for New Ships
Business & Finance

South Korea: STX Pan Ocean Gets USD 510 Million Syndicated Loan for New Ships

South Korea’s largest bulk shipper STX Pan Ocean succeeded in obtaining a sizeable loan from a group of domestic and overseas lenders to finance new vessel orders. STX Pan Ocean announced on Friday that it held a signing ceremony at the Millennium Hilton Hotel in Seoul the day before, for the $510 m

about 15 years ago
UK: North Star Shipping Inks North Sea Contracts with Teekay and Marathon
Business & Finance

UK: North Star Shipping Inks North Sea Contracts with Teekay and Marathon

North Star Shipping, a division of the family-owned global shipping and energy services firm – Craig Group, has secured in excess of £20 million in new business and the renewal of existing contracts. The company which provides offshore support vessels to the offshore industry has won a new contract

about 15 years ago
UK: North Star Shipping Inks North Sea Contracts with Teekay and Marathon
Business & Finance

UK: North Star Shipping Inks North Sea Contracts with Teekay and Marathon

North Star Shipping, a division of the family-owned global shipping and energy services firm – Craig Group, has secured in excess of £20 million in new business and the renewal of existing contracts. The company which provides offshore support vessels to the offshore industry has won a new contract

about 15 years ago
Norway: ‘Johannes Maersk’ Joins OSM Fleet
Business & Finance

Norway: ‘Johannes Maersk’ Joins OSM Fleet

OSM marine-services successfully took over ‘Johannes Maersk’ in Rotterdam 6 September. All crew are now well onboard to start overlap and training. This was the fifth of 6 vessels from Maersk which OSM undertakes full management. ‘Johannes Maersk’ was built in 2001. She is 216 meters long and has a

about 15 years ago
Ocean Power Technologies Announces Financial Results (USA)
Business & Finance

Ocean Power Technologies Announces Financial Results (USA)

Ocean Power Technologies, Inc.today announces financial results for its fiscal 2012 first quarter ended July 31, 2011. Recent Highlights *Revenue for the quarter was $1.9 million, compared to $1.4 million for the prior year, reflecting an increase in revenue from OPT’s project with the US Navy for m

about 15 years ago
PA Resources Spuds Exploration Well at Lille John Prospect, Offshore Denmark
Business & Finance

PA Resources Spuds Exploration Well at Lille John Prospect, Offshore Denmark

The oil and gas group PA Resources continues its drilling campaign in Licence 12/06 in the Danish North Sea with the commencement of drilling of an exploration well at the Lille John prospect. In July an exploration well was drilled on the Broder Tuck prospect on the Danish License 12/06 and gas and

about 15 years ago
South Korea: Samsung Heavy Develops Cargo Hold for LNG Tankers
Business & Finance

South Korea: Samsung Heavy Develops Cargo Hold for LNG Tankers

Samsung Heavy Industries has successfully developed the industry’s first membrane-type cargo hold for LNG tankers. With this, the company has finally tackled the last unsolved development initiative for the Korean shipbuilding industry, which was the cargo hold manufacturing technology for LNG tanke

about 15 years ago
African Petroleum Accelerating Multi Well Drilling Program Offshore Liberia
Business & Finance

African Petroleum Accelerating Multi Well Drilling Program Offshore Liberia

African Petroleum has completed drilling the first well (Apalis-1) in deep water offshore Liberia in Block LB-09. The results of Apalis-1 confirm Blocks LB-08 and LB-09 (100% owned by African Petroleum) are located in a prospective oil basin, which is a major step forward. The geological and geophys

about 15 years ago
Melrose Gets Approval to Carry Out 3D Seismic Survey Offshore Bulgaria
Business & Finance

Melrose Gets Approval to Carry Out 3D Seismic Survey Offshore Bulgaria

Bulgaria’s Government said on September 7 it has allowed British oil and gas explorer Melrose Resources to use a seismic vessel by the … (sofiaecho) [mappress] Source: sofiaecho, September 09, 2011;

about 15 years ago
NYK Group Conducts Joint Anti-piracy and Anti-terrorism Exercises in Australia and Hong Kong
Business & Finance

NYK Group Conducts Joint Anti-piracy and Anti-terrorism Exercises in Australia and Hong Kong

The NYK Group conducts accident-response training exercises regularly and, to prepare for unforeseeable circumstances, the group cooperates with anti-terrorism and anti-piracy training exercises conducted in various countries to enhance the crisis-response capability of group employees. – Anti-terro

about 15 years ago
Cargotec Enters Vietnamese Offshore Market with New Mooring Equipment Contract
Business & Finance

Cargotec Enters Vietnamese Offshore Market with New Mooring Equipment Contract

A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-bre

about 15 years ago
Norway: Marlink Signs SCAP FleetBroadband Contract with Wilson Ship Management
Business & Finance

Norway: Marlink Signs SCAP FleetBroadband Contract with Wilson Ship Management

Marlink, the global provider of maritime satellite communications, has signed an agreement with Wilson Ship Management, one of the largest shipping operators in the European short sea segment, to provide 80 of its ships with SCAP FleetBroadband on a 36 month contract. The contract is a full service

about 15 years ago
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