News
Bibby Wavemaster 1 Taking Shape, Launch Planned for Spring
Damen Shipyards Galati has completed the bow of Bibby Wavemaster 1, the first ever Damen Service Operations Vessel (SOV) ordered by Bibby Marine Services, and moved it from the covered shed to alongside the quay from where the SOV will be launched. The vessel is being built in two main sections. The
Port of Sydney New ULCV Terminal Project Moves Forward
Ports America and Sydney Harbour Investment Partners (SHIP) have reached an agreement to promote, develop and manage Novaporte, the marine container facility in the Port of Sydney, Nova Scotia, Canada. SHIP has exclusive development rights to approximately 500 acres in the Port of Sydney and, with t
Boskalis selling down Fugro holding ‘in steps’
Dutch offshore services firm Boskalis has once again reduced its holding in Fugro, a provider of integrated geotechnical, survey, subsea, and geoscience services. Boskalis now has 9.38 percent interest in the compatriot company. Boskalis had been gradually increasing its ownership in Fugro over the
Trump taps Exxon CEO Tillerson as top U.S. diplomat
U.S. President-elect Donald Trump announced Exxon Mobil Corp Chief Executive Officer Rex Tillerson as his choice for secretary of state on Tuesday, praising him as a successful international dealmaker who leads a global operation.
KBR names new CFO
Houston-based LNG engineer KBR has named Mark Sopp as the company’s new chief financial officer (CFO) following the decision of the current CFO Brian Ferraioli to retire.
Gazprom secures €800 mln loan
Russia’s Gazprom on Monday signed a four-year €800 million (Approx: US$849.1 million) facility agreement with Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corporation and U.S.-based JPMorgan Chase bank.
Teledyne CARIS Introduces CARIS Onboard Software
Teledyne CARIS has released CARIS Onboard 1.1 software which enables users to process data from a range of sensors in near real-time. This release introduces several new processes including the incorporation of the SIPS Backscatter engine. Backscatter mosaics can now be generated alongside surfaces
America’s First Offshore Wind Farm Goes Live
America’s first offshore wind farm entered commercial operation today. “The Block Island Wind Farm is now operational, the first offshore wind farm to deliver energy to the American power grid,” Deepwater Wind stated via social media this evening (12 December). According to recent media reports, the
Banks provide $850M credit to Gazprom
Russian gas company Gazprom has received a credit facility of 800 million euros (approx. $848.8M) from a consortium of three banks. The Russian company signed the four-year facility agreement with Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank
Worker Dies at Bangladeshi Shipbreaking Yard
A worker died while dismantling German container ship Viktoria Wulff at Arefin shipbreaking yard in Chittagong, Bangladesh, on December 4, 2016, the NGO Shipbreaking Platform said. The 35-year old Shah Jahan was struck on the head by a heavy iron piece. In an attempt to hide the accident, the yard m
Greens fume over Trump’s Interior Secretary ‘pick’
U.S. President-elect Donald Trump has reportedly found a replacement for Sally Jewel, who’s served as the Department of Interior Secretary under the Obama administration. According to various – unconfirmed – reports, Trump has lined up Cathy McMorris Rodgers, the U.S. Representative for Washington’s
Novatek’s Yamal LNG loans 750 mln euros from Intesa
Novatek’s giant Yamal LNG project in the Russian Arctic has secured a 14.5-year credit line worth 750 million euros ($795.6 million) with the Intesa Sanpaolo bank. The loan pays an annual interest rate of 6-month EURIBOR plus 2.5 percent, with insurance covered by the Italian export credit agency SA
SFF Recognised for Helping Fishermen to Diversify into Offshore Wind
The Scottish Fishermen’s Federation (SFF) has won a Scottish Green Energy Award for its work in enabling the fishing fleet to diversify into the offshore wind sector. The SFF and Skills Development Scotland (SDS) were jointly nominated by Moray Offshore Renewables Ltd for the ‘Contribution to Skills
SFF Recognised for Helping Fishermen to Diversify into Offshore Wind
The Scottish Fishermen’s Federation (SFF) has won a Scottish Green Energy Award for its work in enabling the fishing fleet to diversify into the offshore wind sector. The SFF and Skills Development Scotland (SDS) were jointly nominated by Moray Offshore Renewables Ltd for the ‘Contribution to Skills