Fairstar Heavy Transport N.V. (FAIR) has signed a Facility Agreement with DNB Nor, ING and HSH Nordbank. The Facility provides financing to retire the Company’s current indebtedness with HSH Nordbank and ABN AMRO, fund the final payments due for the construction of the 50,000DWT semi-submersible ves
Following its manufacture and testing in Leith, ScottishPower Renewables’ new P2 Pelamis wave power device set sail for the European Marine Energy Centre in Orkney (Sunday 6th November). It will undergo further trials as part of a unique cross-industry collaboration project with a similar device man
BMT Isis, a subsidiary of BMT Group Ltd, the international design, engineering and risk management consultancy, has been awarded the contract to develop and sustain the Safety and Environmental Case Report (SECR) and to provide safety and environmental management support for HMS PROTECTOR. The vesse
Awilco Drilling PLC confirmed last week that the contract with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program is signed. The contract is expected to commence late Q1 2012. To remind, Awilco Drilling PLC had signed on October 5th a Letter of Intent (LOI)
Norwegian conglomerate Aker said on Monday it was offering to buy Aker Floating Production , which owns and operates two ships that can… (Reuters) [mappress] Source: Reuters, November 7, 2011: Image: Aker Floating Production
Eight cranes, which will be the largest in the world in permanent position, have been ordered for the London Gateway… (ThurrockGazette) [mappress] Source: ThurrockGazette, November 7, 2011; Image:LondonGateway
Maersk Drilling has received a Letter of Award from Total E&P Norge AS for one of the two ultra harsh environment jack-up rigs presently under construction in Singapore. The rig will be used for drilling the demanding and complex wells on the Hild field development in the Norwegian North Sea. The co
Dockwise Ltd has today announced it has signed a letter of intent to sell its wholly-owned subsidiary, Dockwise Yacht Transport (DYT) to Coby Enterprises Corp (“the buyers”), supported by private equity and with participation of the existing management of DYT. Closing of the transaction is condition
IHC Merwede has won the HME Maritime Innovation Award with its IHC Spud Guard® at the sixth annual Maritime Awards Gala. This Award is presented to the manufacturer of an extremely innovative product, which is relevant to the maritime sector and has sufficient sales and export potential. According t
Black Sea Fleet (BSF) large landing ship Caesar Kunikov returned to Sevastopol from the Mediterranean Sea where she visited Greek ports of Corfu, Pilos, Piraeus, Alexandroupoli and Montenegrin port of Kotor. Visit of Caesar Kunikov to Corfu was held within the framework of public forum “Russian Week
Clipper Group partner Per Gullestrup says the nationality of seafarers taken hostage in piracy attacks has had a marked impact on the international response to the crisis. Some 94% of crew members taken hostage so far by Somali pirates have come from developing countries, he adds. “I can guarantee t
Never before has an inland tanker been built, powered by 100% LNG (Liquefied Natural Gas) propulsion. Currently three different projects have been filed for approval by the European Commission. One of such projects is the result of a collaboration between Bodewes Binnenvaart B.V. (part of DAMEN Ship
Dublin Port’s ‘draft’ masterplan which was unveiled to the public yesterday, includes a proposal to develop the first dedicated cruise termi… (Afloat) [mappress] Source: Afloat, November 4, 2011
AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the end of this year. In Norway, Statoil has exercised their first monthly option on PSV Bourbon Sapphire. The vessel is then firm until early January. BOURBON OFFSHORE NORWAY AS
