News
Cluff looking for partners to fund wells in Southern North Sea
Cluff Natural Resources, an AIM quoted company investing in natural resources, is looking for farm-out partners to fund the drilling of wells at its Southern North Sea licenses. Early in 2016, the company took the decision to concentrate its investment on its two most prospective assets, 100% owned
OSC Inks VLCC Affreightment Deal with Shell
Oman Charter Company (OCC), a subsidiary of Oman Shipping Company (OSC), has entered into a contract of affreightment (COA) for its very large crude carriers (VLCCs) with Shell International Eastern Trading Company (Shell) for three years. The contract grants Shell access to VLCCs operated by OCC fo
Port of Helsinki Sets Annual Record for Passenger Numbers
Finnish Port of Helsinki set a new annual record for a number of passengers, reaching 11.56 million in 2016, up 3.1 percent from the previous year. A total of 8.74 million passengers passed between Tallinn and Helsinki, and 2.34 million between Stockholm and Helsinki. The port saw a total of 408,900
GeoSea Chooses SeaPlanner for Merkur Offshore Wind Farm
SeaPlanner, a marine monitoring and management solution and part of the SeaRoc Group, has been selected as the system to support construction of the 396MW Merkur offshore wind farm located off the coast of Germany. The contract was awarded by the project’s principal contractor, GeoSea NV, and includ
EWC: dedicated LNG carrier arrives at Pagbilao terminal (Gallery)
Energy World Corporation on Monday said its dedicated LNG carrier, Ocean Quest, arrived at its Pagbilao LNG facility located in Quezon Province, the Philippines.
PHOTO: Launching of TSHD Mahaa Jarraafu in China
Last Thursday, Royal IHC together with the RMC shipyard in Qidong, China, held a launching ceremony for the Easydredge 3700 trailing suction hopper dredger (TSHD), the Mahaa Jarraafu. The dredger, built for the Maldives Transport and Contracting Company (MTCC), will be used for land reclamation, inf
France’s Dunkirk LNG to get Qatari cargo
The newly commissioned Dunkirk LNG terminal in France, operated by EDF, is to receive a cargo of liquefied natural gas (LNG) from the world’s top producer, Qatar. This will be the fourth ever tanker to dock a the LNG import terminal located within the Dunkirk port and the first since the facility of
TechnipFMC Gets AMF Green Light
TechnipFMC has secured Autorité des Marchés Financiers (AMF) approval of its prospectus for listing its shares on Euronext Paris. The prospectus was prepared as part of the admission to trading on Euronext Paris of all the ordinary shares of TechnipFMC that will be issued in connection with the comp
Lenders give Farstad some breathing space
Farstad Shipping, a financially troubled offshore vessel owner, has managed to get a standstill and deferral agreement for amortisation and interest owed to lenders. The company’s restructuring deal with Siem recently collapsed, and Farstad on Monday said it would uphold the previously announced sus
Damen DOP200 Successfully Completes Kazakhstanian Job
Damen’s DOP Submersible Dredge Pump 200 was recently used to complete an offshore trenching job in Kazakhstan. The project, undertaken by the Turkish company ENKA, included the removal of some 90.000m³ of in situ material. “The removed soil included sand and clay. A cutter unit was fixed to the DOP2
ETI outlines priorities for competitive marine energy
Energy Technologies Institute (ETI) has set out its priorities for the UK’s marine energy industry if it is to compete with other low carbon sources of energy.
MSI: Strong Dry Bulk Market Unlikely to Last
The welcome surge in dry bulk market’s spot earnings at the end of 2016 is unlikely to last long into 2017, according to Maritime Strategies International (MSI), which predicts a depressed year for rates. While iron ore trade undershot its expectations, coal trade overshot them with geographical imb
Offshore Wind Brings Jobs to Scotland; Orion Recruiting 40 Welders & Platers
Orion Group is looking to recruit over 40 welders and platers in the Central Belt of Scotland, as well as across the country, after the job opportunities arose from offshore wind projects.
Oldendorff Acquires Capesize Resale
German bulk carrier owner and operator Oldendorff Carriers has acquired a Capesize newbuilding resale from Chinese shipbuilder Jinhai Heavy Industry. The 180,000 dwt vessel was launched in summer 2016 and is expected to be delivered to the company in March or April 2017 under the name MV William Old