Green Marine
OSM Offshore Enters New Contract with Statoil
OSM Offshore has agreed to enter into a 6 years contract with Norwegian energy company Statoil Petroleum AS to operate the Heidrun FSU. The Heidrun FSU is currently being built by Samsung Heavy Industries at the world’s second-largest shipyard in Geoje Island, Republic of Korea and is expected to be
SeaBird Wins New Contracts in Asia Pacific Region
SeaBird Exploration Plc announced that the Voyager Explorer has been awarded a contract from a national oil company in the Asia Pacific region. The contract has an estimated duration of about 110 days and commencement is expected late November. The contract value is about USD 16 million. Additionall
Scorpio Bulkers Announces Private Placement
On October 31, 2013, Scorpio Bulkers Inc. completed a private placement of 32,590,411 new ordinary shares of $0.01 par value at a subscription price of NOK 54.75, raising approximately $300 million in gross proceeds. The Shares to be issued in the Private Placement will be registered on the Norwegia
Rem Offshore Secures Two PSV Charter Contracts
Rem Offshore ASA has entered into a contract with a major oil company for the charter of the PSV-vessels “Rem Server” and “Rem Supporter. The contract applies for the summer season 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to commence around
Ship Finance International Sells Two VLCCs
Ship Finance International Limited, today announced that it has agreed to sell the 1998 and 1999 built VLCCs Front Champion and Golden Victory to unrelated third parties. The Company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. The vess
TAD Enterprises Signs Contract with Cargotec for New Siwertell Unloader
UK company TAD Enterprises Ltd has signed a contract with Cargotec for the delivery of a Siwertell 5 000 S mobile unloader for cement-handling operations in the Black Sea port of Yeysk, south of Rostov, in Russia. Delivery is planned for February 2014 from Cargotec’s production plant in Bjuv, Sweden
BV First to Approve CFD Analysis Methodology Developed by Robert Allan
Bureau Veritas (BV) is the first major ship Classification Society to approve on an “Approval in Principle” basis a new Computational Fluid Dynamics (CFD)-based performance prediction methodology developed by Robert Allan Ltd. as the basis for granting the service notation escort tug. While some Soc
WGPSN Secures Extension of Services Contract with Chevron
Wood Group PSN (WGPSN) has secured a one year contract extension from Chevron North Sea Limited to deliver engineering and construction services to its assets in the Alba and Captain fields in the UK North Sea. Effective immediately, the extension marks the continuation of a previous contract awarde
London P&I Club: Complacency Often Cause of Collisions
The London P&I Club said that a recent analysis of collision cases has highlighted the effect which complacency on the bridge of the vessel can have on the incidence of casualties. The club recently undertook a ‘root cause’ analysis of collision cases which concluded that the majority could be categ
Denmark: Viking Reveals Innovative LifeCraft System
Marine and fire safety equipment leader VIKING Life-Saving Equipment launched its latest innovation, the VIKING LifeCraft™ system, globally in October 2013. In 2009, inspired by discussions during sessions of the Safecraft Working Group, VIKING’s development teams asked themselves a tough but exciti
Green Boating Practices Now to Save the Future
Imagine firing up your boat on a pristine morning. The sun is shining, the waves are small, and the wind is blowing in your face as you carelessly cut the waves. All of sudden, you feel something hit your face: a plastic bag. You look around to see that you have unknowingly driven your boat [&hellip
Baltic Trading to Acquire Two Capesize Vessels
Baltic Trading Limited announced yesterday that it has agreed to acquire two 179,185 dwt Capesize vessels for an aggregate purchase price of $103.0 million. The acquisition is subject to the completion of customary documentation and closing conditions. The two vessels, built in 2012 and 2011 by Hyun
Netherlands Products to Be Showcased at HANNOVER MESSE 2014
“Global Challenges, Smart Solutions” is the Netherland’s chosen motto for its Partner Country showcase at HANNOVER MESSE 2014 this coming April. The motto was announced by the Dutch Minister for Foreign Trade and Development Cooperation, Lilianne Ploumen, during yesterday’s official signing of the P
Tidal Transit Secures Contract for Ginny Louise Crew Transfer Vessel
Having recently been awarded an 18 month charter contract for its latest passenger transfer vessel, Tia Elizabeth, Tidal Transit has now won a second 18 month contract for Ginny Louise, which was the first vessel to join what is now the rapidly expanding Tidal Transit fleet. As this second long term