OSM is steadily growing in the West African market. The latest addition to their fleet is the accommodation barge ‘Olympia’, owned by Intership. Intership has been at the heart of the offshore accommodation market in the Arabian Gulf, Gulf of Mexico, South East Asia and West Africa for the last 20 y
Partners in the VLCC Pool will be MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE – all financially strong and quality focused tanker owners. The Partners are in detailed discussion
The UK’s Secretary of State for Transport, the Rt Hon Justine Greening MP, has visited the Port of Felixstowe, the country’s largest container port, to see it take delivery of its latest consignment of new cranes. Whilst at the port, the Secretary of State met with senior management of the port, bef
Eidesvik Offshore ASA’ operating result before depreciation (EBITDA) for 3rd quarter 2011 is MNOK 117,8 compared to MNOK 113,3 for the same period last year. Operating income is MNOK 255,7 compared to MNOK 254,7 for the same period last year. Operating result before depreciation (EBITDA) for the fir
The European Commission has proposed a new fund for the EU’s maritime and fisheries policies for the period 2014-2020: the European Maritime and Fisheries Fund (EMFF). The Fund will help deliver the ambitious objectives of the reform of the Common Fisheries Policy and will help fishermen in the tran
TGS announces that it has signed a letter of award with Dolphin Geophysical to charter the 12 streamer new build vessel, M/V Polar Duchess, for 3D multi-client projects in Europe during the 2012 summer season. The charter is expected to begin during first half of April and will last for approximatel
Pressure on the shipping industry to reduce the air emissions from vessels grows day by day. Regulations to more strictly limit the sulphur content in marine fuel are in place and set to tighten over the coming year. Exhaust gas scrubbers are one solution for vessels to meet such limits over the com
Russia will start construction of serial strategic nuclear-powered submarines SSBN Borei-A class in 2012, Sevmash and Rubin Design Bureau said. Sevmash is currently building three SSBN Borei class submarines of Project 955 (designed by Rubin Design Bureau): Yuri Dolgoruky, Alexander Nevsky and Vladi
Gävle hamn is in a phase of expansion and is investing in new quays, larger port areas, a new entrance fairway and improved rail connections. The investments will increase the port’s transport capacity by 40%, from the present 5 million tonnes to over 7 million tonnes of goods handled at the port’s
Safe Bulkers, Inc. announced that it has entered into a new period time charter for the Pedhoulas Trader, a 82,300 dwt Kamsarmax class vessel, for a duration of 23 to 25 months, with a forward delivery date in August of 2013, at a gross daily charter rate linked to the Baltic Panamax Index (BPI) plu
The European Investment Bank (EIB) has granted a EUR 240 million loan to IREN S.p.A. to complete the regasification plant in Livorno created by its subsidiary OLT Offshore Toscana. The project comes under sectors in which the EIB is traditionally active – energy and environmental protection. In tec
During the winter navigation 2011-12 fifteen diesel electric icebreakers and one atomic icebreaker will be operating in the Gulf of Finland. The A-ship is affreighted for 100 days and it will set off from Murmansk for Saint Petersburg on the 23rd of January 2012. The vessel operation contract`s cost
Northern Offshore, Ltd. reported that its subsidiary, Northern Offshore U.K. Limited, has received a early declaration from Maersk Olie og Gas AS exercising both of the remaining one-year options for the jackup Energy Endeavour. The anticipated commencement date of the option period is April 2012, w
The Economist is organizing the “World Oceans Summit” (Singapore, 22-24 Feb 2012), which will bring together a program of more than 200 global leaders from various sectors and disciplines, including business, government, academia, international organizations and NGOs. The World Ocean Council (WOC) i
