Green Marine
Cavotec Secures Orders for Automated Mooring Systems
Cavotec has won three orders worth a total of more than EUR 28 million for MoorMaster™ automated mooring systems at applications in Australia, Canada and Denmark, one of which – for the St. Lawrence Seaway in Canada – is the largest to date for MoorMaster™, and one of the biggest projects in the his
Boustead’s Shipyard Builds Macduff Harbour Tug
The ongoing collaboration arrangement between the Boustead Heavy Industries Group (BHIG) in Malaysia and Macduff Ship Design in Scotland, initially signed in June 2011, continues to reap rewards. North Tugz of Northport, MarsdenPoint, New Zealand has placed an order for a new design 17m Macduff harb
Golden Ocean Reports Profit of USD 18.1 Million for 4Q of 2013
Golden Ocean Group Limited reported profit of $18.1 million and earnings per share of $0.04 for the fourth quarter of 2013. This compares with profit and earnings per share of $16.1 million and $0.04 respectively for the third quarter of 2013. Total operating revenues for the fourth quarter were $71
Guidance on Security Certification for Seafarers Agreed by IMO
Guidance on training and certification requirements for ship security officers and seafarers with designated security duties has been agreed by IMO, to address practical difficulties seafarers have reportedly experienced in obtaining the necessary security certification under the 2010 Manila amendme
Norway: Vard Reveals Full Financial 2013 Report
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, revealed its fourth quarter and full financial year 2013 (“4Q2013” and “FY2013”) results ended 31 December 2013. Record order intake translates into improved visibility as order book extend
Scorpio Tankers: Financial Results for 4Q of 2013
Scorpio Tankers Inc. has reported its results for the three months and year ended December 31, 2013 and increased its quarterly dividend to $0.08 per share. Results for the three months ended December 31, 2013 and 2012 For the three months ended December 31, 2013, the Company had net income of $5.8
Germany: MoU Signed at Cuxport to Construct Berth 4
Olaf Lies, the Lower Saxony Minister of Economic Affairs, Labour and Transport, and Dr. Andreas Schmidt and Hans-Peter Zint, the Managing Directors of Cuxport, today signed a memorandum of understanding for the construction of berth 4 at the Cuxport terminal in Cuxhaven. Once the planned work has be
EMS Seven Seas Reports Its 4Q Results for 2013
For Q4 2013, EMS Seven Seas ASA reported total revenues of USD 106.1 million, an increase from USD 97.3 million in Q3 2013, but a year-on-year decrease compared to USD 117.7 million in Q4 2012. The EBITDA came in at USD 2.2 million in the quarter, an improvement compared to USD 1.4million and USD 1.
Bureau Veritas Wins Hydrodynamic Research Award
A team from the Research Department of leading international classification society Bureau Veritas has won the prestigious 2013 CEMT Award in recognition of their research in the field of hydrodynamics. The award is presented by the Confederation of European Maritime Technology Societies for researc
Dover Port’s Development Plan Widely Welcomed (UK)
Proposals from Dover Harbour Board to develop a new multi-million pound cargo terminal have been widely welcomed by local residents and businesses in the town, signing up to the shared vision. Dover Western Docks Revival would see the redevelopment of the Western Docks and creation of more than 600
Euronav: Capital Increase for Maersk VLCC Fleet Acquisition Approved
Euronav said that the meeting of shareholders has approved a USD 300,000,000 capital increase against issuance of 32,841,528 new shares for Maersk VLCC fleet acquisition. That results in the following overview: Before Current Total subscribed capital (USD) $94,388,158.23 $130,084,009.11 Total number
MSTU Marine Academy Participates in New International Project
17-18 February 2014 the University of Nordland hosted the kick-off meeting of the international project MARPART “Maritime Preparedness and International Partnership in the High North”. Representatives of the Navigation Department of Marine Academy represented MSTU at the meeting. The meeting was als
Havila Shipping Secures Contracts for Its Vessels
Statoil has declared its last one year option for the AHTS vessel Havila Mars for the period from June 2014 until June 2015. Statoil also continue to charter the PSV Havila Clipper. Now for a firm period of 3 months starting in March with three monthly options from June. Both vessels have been worki
Contract Extension for CSV “Normand Commander”
Global Industries Offshore L.L.C, a company owned by Technip, has exercised their option to extend the contract for the construction vessel “Normand Commander” with one year from June 2014. Technip has option to extend the contract with further 1 year option after expiry of the firm contract. The No