Green Marine
OW Bunker Inks USD 700 Million Revolving Credit Facility
OW Bunker, one of the world’s leading resellers and physical distributors of marine fuel, has signed a USD 700 million revolving credit facility, refinancing its current USD 450 million facility. The new facility consisting of two tranches, a 364-day and a 3-year multi-currency revolving credit faci
The Netherlands: EMO Reaches Milestone with Billionth Tonne of Dry Bulk
EMO hits a new dry bulk discharge record today — the billionth tonne of dry bulk. A milestone for Europe’s largest dry bulk terminal. Forty years ago, EMO unloaded its first tonne of iron ore (November 28th 1973). Now the terminal has reached the billion tonne mark. The honour goes to the Vale China
ENDOFA Successfully Completes Its First Year
ENDOFA, a bunker supplier owned and operated by three Danish partners, Kenn Soendergaard, Mads Borggaard and Allan Frost, has completed its first year with a turnover of USD 235 mil between the company’s offices in Houston and Dubai, more than doubling the organization’s first-year turnover projecti
The Netherlands: Hereema’s H-627 Barge Returns after Clair Ridge Project
On date 06. January 2013 a Hereema’s very large barge called H-627, returned to Vlissingen after finishing the project BP Clair Ridge. The North Sea barge called at BOW terminal upon request of VDS Offshore construction. In co-operation with VDS and Heerema, preparations has been undertaken to unloa
SH Group Acquires Boat-In-A-Box from Nadiro
SH Group, developer and manufacturer of innovative hydraulic and mechanical solutions for the offshore and marine industry, has as of today taken over Nadiro’s davit division, Boat-In-A-Box. SH Group has been co-owner of Nadiro since the beginning of 2009, but has now taken over 100% ownership of th
Tehcnip Extends Contract with Solstad Offshore
Tehcnip UK Limited (Technip) has exercised the first of two yearly options to extend existing frame agreement with Solstad Offshore ASA (SOFF) for supply of vessels for construction and subsea services. Through the frame agreement Tehcnip will use the Normand Progress, Normand Pioneer and Normand Ra
OSV ‘Go Electra’ Works for Thornton Bank Offshore Wind Farm
The offshore supply vessel (OSV) Go Electra, berthed at the Westhof Quay, BOW Terminal has mobilized for Thornton Bank offshore wind farm works. In co-operation with NorthSea group Zierikzee, BOW Terminal performed the reception and re-loading of all kind of offshore diving equipment on board of the
The Netherlands: Olympic Taurus – First Ship in 2014 Calling BOW Terminal
The first vessel to call at BOW terminal in the year 2014 was the vessel Olympic Taurus of Tideway. The vessel call to BOW Terminal on January 2, to collect the last cable reels for installation on the Northwind offshore wind farm. The operation went safe and smooth despite the windy circumstances.
ICS Identifies Lessons from Somali Piracy
The International Chamber of Shipping (ICS), the principal global trade association for shipowners, has issued a paper drawing upon the international shipping industry’s experience of Somali-based piracy during the period 2007 to 2013. “The intention is to identify lessons learned in order to shape
DOF Subsea Wins Several Contracts
DOF Subsea AS, a subsidiary of DOF ASA, has been awarded several contracts, with a total value of approx. NOK 150 million (approx. USD 24.3 million). In the Atlantic region, DOF Subsea has been awarded a call-off contract for 2014 by Statoil Petroleum AS under an existing Survey Frame Agreement. The
Denmark: Good Ideas Wanted for Development Projects on Maritime Technology
A new call makes it possible for universities, research institutes and companies to apply for means for developing maritime technologies. A new European network has been established for research in and development of maritime technologies (ERA-NET MARTEC) in which the Danish Maritime Authority takes
BW Offshore Inks Contract Extension for FPSO Polvo
BW Offshore has signed an agreement with HRT for a one year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2015 (from Q3 2014), with options until Q3 2022. The Polvo oil field is owned by HRT (operator, 60%) and Maersk (40%). With reference to [&hell
The Netherlands: CT Systems Reveals New Viking Offshore Software
CT Systems unveils the all new Viking Offshore software. Viking Offshore is specifically designed for use on a wide range of offshore vessels, ranging from a Tug to a large Jackup rig. Viking Offshore continues on the foundations and success of the existing Viking Navigation software. With Viking Na
Moore Stephens Says 2015 Should See Return of Healthy Shipping Industry
International accountant and shipping adviser Moore Stephens believes that the shipping industry’s fortunes should be noticeably improved by 2015 if it maintains the recovery which got under way last year. But it warns that the prospects for recovery may still be fragile if the industry fails to mee