News
Pakistan LNG issues tenders seeking 240 cargoes
The state-owned Pakistan LNG is seeking the supply of 240 cargoes of liquefied natural gas in total through two separate tenders issued at the end of October.
N-Sea adds Siem’s construction vessel to its fleet
Subsea inspection, maintenance and repair (IMR) provider, N-Sea, has agreed on a long-term charter of Siem Offshore’s subsea construction vessel (SCV), the Siem Barracuda. The vessel is equipped specifically for subsea IMR, survey and construction operations, featuring twin WROVs, moonpool deployed,
Maersk Oil’s profit soars on cost cuts
Danish oil company Maersk Oil posted a $145 million profit for the third quarter of 2016, an increase from $32 million profit achieved a year ago. The company said that the profit was positively affected by higher operational efficiency and lower costs. It reduced operating expenses excluding explor
Minesto’s kite ‘flies’ higher
Minesto has revealed that the results of quarter-scale sea trials of its Deep Green tidal technology correspond to full power production for a full-scale power plant.
NGO: 21 Dead in Gadani Shipbreaking Explosion, Strike Launched
Twenty one people lost their lives in a series of explosions aboard an oil tanker which was being dismantled at the Gadani shipbreaking yard in Pakistan, NGO Shipbreaking Platform’s spokesperson told World Maritime News. Out of the 60 workers who were injured in the accident which occurred yesterday
N-Sea Expands Fleet with Charter of Siem Barracuda
Subsea IMR provider, N-Sea, has increased its fleet through the long term charter of Siem Offshore’s offshore subsea construction vessel, the Siem Barracuda. The vessel is equipped specifically for subsea IMR, survey and construction operations, featuring twin WROVs, moonpool deployed, a 250T AHC cr
Saudi Aramco CEO expects oil price rise in 1st-half 2017
By Reem Shamseddine RIYADH (Reuters) – Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following two years of painfully low prices, the state-owned producer’s Chief Executive Officer Amin Nasser said on Tuesday. “The gap between supply and demand
Committee Nominates GIB Special Shareholder Trustees
An independent nominations committee has nominated five trustees to run the Green Purposes Company Ltd (GPC), a newly incorporated organisation tasked with keeping the UK Green Investment Bank plc (GIB) green. In February 2016, the UK Government announced that GIB would create a ‘special share’ as p
Ulstein Wins Pre-Commissioning Contract for Rock Dumping Vessels
Ulstein Electrical Technology has been awarded a pre-commissioning contract for two subsea rock dumping vessels under construction for Jan De Nul Group at AVIC Weihai Shipyard Co. Ltd., China. The vessels will be used for rock installation to protect cables and other subsea structures at depths up t
Ulstein Nets Jan de Nul Pre-Commissioning Deal for Subsea Rock Dumping Vessels
Ulstein Electrical Technology has been awarded a pre-commissioning contract for two subsea rock dumping vessels under construction for Jan De Nul Group at AVIC Weihai Shipyard in China. The vessels will be used for rock installation to protect cables and other subsea structures at depths up to 600 m
Maersk Sells Its Danske Bank Stake for USD 477 Mn
Danish shipping and energy giant A.P. Møller – Maersk A/S has sold its shares in the Danske Bank A/S for a total of DKK 3.2 billion (USD 477 million). The company has divested its remaining ownership stake of over 16.1 million shares in the Nasdaq Copenhagen-listed Danske Bank through an accelerated
MISC’s Q3 LNG revenue drops on weak charter rates
Malaysian LNG shipper, MISC, on Tuesday, reported a drop in LNG revenue of 13.9 percent to RM610.1 million (Approx. US$145.7 million) from RM708.4 million in the third quarter of 2015.
Cambla Upgrades Schedule Animation Tool
International project services consultancy, Cambla, has launched an upgraded version of its Schedule Animation Tool (S.A.T). Initially released for the oil and gas industry last year, the tool has been further developed to support the planning of renewable marine operations. Cambla says that its S.A
China backs Hailong WEC design
The Hailong 1 wave energy device is based on an independent research and development by China Shipbuilding Industry Corporation (CSIC), without any associations with Pelamis Wave Power during the development process, spokesperson of the Chinese embassy in the UK, Zeng Rong, said in a letter to The G