News
Grimaldi Group Orders Five ConRo Vessels from South Korea
Despite talks of capacity overload and poor market conditions, new ship orders are still coming in. Following in the footsteps of JO Tankers that placed an order of two Stainless Steel Chemical Tankers with Nantong Mingde Heavy Industry last week, an Italian shipping group Grimaldi also decided to a
Scottish Renewables CEO Responds to UK Energy Bill
Responding to the new UK Energy Bill set out in Westminster by Ed Davey, Secretary of State for Energy and Climate Change, Niall Stuart, Chief Executive of Scottish Renewables, said: “It is a long time since a UK Bill was introduced that will have such important consequences for Scotland, given the
UK: PMSS Sponsors RenewableUK’s Health & Safety Event
PMSS, global renewable energy consultants are sponsoring RenewableUK’s annual Health & Safety Event next year. The Renewable Industry’s premier event health and safety event, which will showcase the leading companies and organisations within the sector, is celebrating its ninth year and will gather
UK: PMSS Sponsors RenewableUK’s Health & Safety Event
PMSS, global renewable energy consultants are sponsoring RenewableUK’s annual Health & Safety Event next year. The Renewable Industry’s premier event health and safety event, which will showcase the leading companies and organisations within the sector, is celebrating its ninth year and will gather
Dredging Brings Larger Vessels to Port of Illichivsk (Ukraine)
According to the port press service, on November 27, the Sea Commercial Port of Illichivsk has handled the Super Post Panamax container ship Teno, for the first time this year. The M/V Teno is the largest ship docked at the port in 2012. The port’s chief Alexander Grigorashenko stated: “Today the to
Canal and River Trust to Improve Weirs on Regent’s Canal (UK)
The Canal and River Trust has announced plan to make improvements to a number of weirs on the Regent’s Canal, making them even more efficient during periods of heavy rain. They are proposing to give the existing weirs crenulated edges, which will increase surface area and allow higher volumes of wat
EBRD Divests 20 Pct of Its Shares in OMV Petrom (Romania)
The EBRD has sold 229,554,012 shares in OMV Petrom S.A., a leading company in the oil and gas sector located in Romania, which is listed on the Bucharest Stock Exchange. The partial sale represented 20 per cent of the Bank’s holding. The EBRD became a shareholder of Petrom in 2004 to support the pri
Sterling Farms Out Stake in Its North Sea Assets to Shell (UK)
Sterling Resources Ltd. has signed a deal with Shell to farm out a 40 percent participating interest in UK License P1792 covering Blocks 21/30f and 22/26c in the Central North Sea containing the Beverley prospect and the Belinda and Evelyn discoveries. Sterling was awarded these blocks in the UK 26t
Seadrill Ups Stake in AOD
Seadrill yesterday bought additional 1,887 shares of Asia Offshore Drilling Limited (AOD) at a price of NOK 28.70 per share. The international offshore drilling contractor now owns 26,379,530 shares in the Company, corresponding to 65.95% of the total number of outstanding shares in the Company. Sea
SBM Offshore Completes Sale of GustoMSC, The Netherlands
SBM Offshore announced that the sale of GustoMSC, its non-core design and engineering subsidiary, became unconditional on 28 November and that the approximate $185 million transaction with Parcom Capital has been completed. The sale of GustoMSC is a further step in enabling SBM Offshore to pursue it
RenewableUK Welcomes GIB Launch
RenewableUK, the trade and professional body representing the wind, wave and tidal energy industries, has welcomed today’s opening of the Green Investment Bank. Launching the £3 billion fund in Edinburgh, the Business Secretary Vince Cable said: “The Bank will place the green economy at the heart of
Hoegh LNG Signs USD 250 Million Credit Facility for Financing of Lithuania FSRU
Höegh LNG said it entered into a firm agreement with four banks for a USD 250 million corporate facility for the financing of the FSRU to be delivered for the Klaipedos Nafta FSRU project in Lithuania. The four banks are DNB Bank ASA, Nordea Bank Norge ASA, Skandinaviska Enskilda Banken AB (publ) an
Russia: Sovcomflot Revenue Up
Sovcomflot of Russia said its gross revenue was USD 1,114.3 million for the nine months to 30 September, up 3.7 percent compared to the same period last year. Highlights Time charter equivalent (TCE) revenues: USD 720.2 million (+ 3.7 pct) EBITDA: USD 375.0 million (+ 3.5 pct) Net profit: USD 42.3 m
RasGas Committed to Maintain Secure LNG Supply, Spain
A maturing liquefied natural gas (LNG) industry marked with an anticipated rise in energy demand and recent changes in market dynamics highlights the need to maintain secure LNG supply, said RasGas Company Limited’s (RasGas) Marketing and Shipping Executive, Khalid Sultan R. Al Kuwari, at the CWC Wo