Green Marine
AdvanFort Company Opens Office in Hamburg, Germany
A leader in global maritime security solutions, the AdvanFort Company, today announced it had opened an office in Hamburg, Germany, as part of its growing and far-reaching customer service network, particularly for clients in Europe. “AdvanFort has made a substantial investment in the future of our
Fairmount Tugs Deliver Floating Gas Plant ‘Toscana’ (Italy)
Tugs Fairmount Summit and Fairmount Alpine have delivered the very first floating ‘gas plant’ in the world, the FSRU Toscana, safely offshore Livorno, Italy. The Toscana, a one of a kind unit, was towed from Dubai via Malta where final equipment was installed. After delivering the Toscana, both Fair
Germany: Amrumbank West OWF to Be Constructed via Cuxhaven
From mid-October 2013, E.ON Kraftwerke GmbH will start the construction of the Amrumbank West offshore wind farm via the offshore base port of Cuxhaven. The wind farm, located northwest of Helgoland, will comprise 80 Siemens’ 3.6 megawatt (MW) offshore wind turbines and will have a capacity of 288 M
Cyprus: SeaBird Exploration to Exercise Hawk Explorer Purchase Option
SeaBird Exploration Plc announced that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term 31 August 2
Global Ports to Acquire Russian Terminal Operator NCC Group
Global Ports Investments, of which APM Terminals is a co-controlling shareholder, has announced today it has entered into a binding agreement to acquire 100% of the Moscow-based NCC Group Limited, a Russian terminal operator. The intended acquisition of NCC Group is subject to regulatory approval by
Norway: Navig8 Products Tanker Successfully Raises USD 170 Mil.
Chairman Nicolas Busch says a second share placement is now on the cards after Oslo OTC listing beats target with $170m haul thanks to surprisingly strong appetite among investors Pools power Navig8 has become the latest shipowner to find joy on Oslo’s over-the-counter (OTC) market, exceeding expect
Interview: Maritime Sophisication’s Owner on Present Market Situation in Greece
Greek shipping industry, one of the oldest industrial branches in the country, has encountered various challenges over the recent period having in mind the on-going financial crisis. In an interview with Panagiotis Katsoulas, owner of Greece Maritime Sophisication Ltd, World Maritime News Staff inqu
MacGregor Appoints New CFO
Declan Guerin (43) has been appointed MacGregor’s Chief Financial Officer (CFO) as of September 1, 2013. He has earlier held the position of Vice President, Mergers & Acquisitions (M&A) and been a member of the Executive Committee of MacGregor since the start of 2013. Declan Guerin will be responsib
Subsea 7 Declares Option to Extend Contract for ‘Normand Subsea’
Subsea 7 has declared their option to extend the contract for the construction vessel “Normand Subsea” with one year from March 2014. This is the first of a total of four yearly options. The Normand Subsea is an IMR, Survey and Light Construction vessel specifically designed for inspection, maintena
‘Maersk Kampala’ Containership Caught Fire near Suez Canal
Maersk Line yesterday confirmed that their 6,802 TEU containership Maersk Kampala had caught fire near the Suez Canal. The vessel is fully maneuverable but drifting south of the Suez Canal, said Maersk in a press release. All crew are accounted for and no injuries reported and communication with the
MLC Caused Significant Increase in Martek Marine Defibrillator Sales
Martek Marine is reporting a significant increase in marine defibrillator sales in 2013, up 475% on 2012, with over four months of the year remaining. These sales include an order of more than 100 AEDs to Swire’s entire China Navigation fleet, as Swire beat the new Maritime Labour Convention’s (MLC)
Northrop Grumman Upgrades Navigation Equipment on Stena Line Ferries
Northrop Grumman Corporation has completed an integrated bridge system retrofit for several RoPax ferries operated by Stena Line. Northrop Grumman’s Sperry Marine business unit provided a fully networked suite of scalable navigation products from the VisionMaster FT((TM)) series, used to form the co
Euronav Announces Extension of FSO Financing
Euronav announced that it has, jointly with Overseas Shipholding Group, Inc., signed a two-year extension of the tranche related to the FSO Africa (the “Africa Tranche”), part of the USD 500 million senior secured credit facility originally signed in October 2008. At the time of the extension, USD 4
Statoil Extends Contract for LNG Powered PSV Viking Princess
Statoil has declared its option for one year extended period for the Time Charter party with Eidesvik Offshore for the environmental friendly LNG powered PSV Viking Princess. The extended period starts ultimo November 2013. This is the first of two yearly options on this contract. “We are pleased wi