News
Ukraine: Moebius Construction Wins Port of Yuzhny Dredging Deal
According to Bulletin of Public Procurements, Moebius Construction Ukraine, Ltd. has been selected in a tender process to perform the dredging project at the Port of Yuzhny. The contract is valued at more than UAH 1.1 billion, reports portnews.ru. This contract is to be executed in 2012-2015 as part
The Netherlands: Dredging at Yangtze Port Begins
The contractor PUMA has started the dredging work at the temporary barrier between the Yangtze harbour and the ports on Maasvlakte 2. Completion of this program is scheduled for the second quarter of 2013. The construction of Maasvlakte 2 is progressing on schedule and within the estimated budget. [
Dredger “Pat M” on Its Way to Venezuela
The self-propelled backhoe dredger “Pat M”, owned by Humber Work Boats, is on its way to Venezuela. The main reason for this trip is helping Venezuela to improve its port infrastructure. “Pat M” will be used for the port of La Guaira expansion project, according to thisishullandeastriding.co.uk. Dav
DNV Releases Shipping 2020, Norway
DNV published Shipping 2020 this year to communicate the results of a comprehensive scenario studying exercise covering the world fleet up to 2020. Based on expected market developments, regulatory changes, fuel prices, cost and availability of new technology and specific shipowner requirements, the
GasLog Q3 Revenues at USD 16.9 Million (Monaco)
GasLog Ltd., an international owner, operator and manager of LNG carriers, said its revenues were $16.9 million (which eliminates $1.2 million of intercompany revenue) for the quarter ended September 30 ($15.9 million for the quarter ended September 30, 2011). The increase is attributable to an incr
UK: Offshore Wind to Cut Bigger Share of Rotor Blade Market
The growing proliferation of offshore wind farms will see a decreasing share of the global wind turbine rotor blade market allotted to onshore installations, says the latest report from international business analysts GlobalData. The firm’s new research estimates that in 2020 offshore wind farms wil
Statoil Starts Johan Sverdrup Appraisal Drilling
Statoil Petroleum AS (Statoil) has kicked off the drilling of appraisal well 16/2-15 in PL265, located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is located in the southern part of PL265. The main objective of well 16/2-15 is to determine the depth to the reservoir as
TAP Presents ESIA Report to Communities in Albania
As part of its stakeholder engagement activities, TAP is disclosing the contents of the ESIA report to the local communities in Albania. Residents of areas potentially affected by the pipeline are invited to provide their views and comments, which will be incorporated in the project development. The
NAFC Marine Centre Releases Offshore Renewables Guidelines for Shetland Islands
NAFC Marine Centre Marine Spatial Planning team has published a new report ‘Regional Locational Guidance for wave and tidal energy in the Shetland Islands’. It provides guidance to the marine renewables industry on the siting of wave and tidal devices. The report details the methodology used to inte
Deltares: Model Tests for Safer Port (The Netherlands)
Deltares is performing tests in the Atlantic Basin (wave current basin) to study the suction effects of passing ships on ships moored in a port. The aim of these tests is to make ports safer. Especially in narrow passages, the suction effects of large vessels can lead to large problems: breaking moo
Novatek to Issue Rouble Bonds, Russia
NOVATEK said that its Board of Directors has unanimously approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds. According to the registration documents, the total maximum nominal value of the Company’s potential RR bond offering is RR 45 billion.
New Regulations Force Maersk to Release Energy Endeavour (Denmark)
Denmark’s Maersk Oil & Gas will release the Energy Endeavour rig from the contract as the rig’s accommodation unit does not meet new Danish Energy Authority requirements. The owner of the rig, Northern Offshore, has been informed that the rig will be released at the end of the well in progress on Ma
Norway: Awilco LNG 3Q Income Drops
Awilco LNG of Norway said its freight income for the third quarter was MUSD 12.6 compared to MUSD 12.4 last quarter. Fleet utilization for the quarter ended at 67 % compared to 68 % in the previous quarter, which equates to 100 % on the two vessels on charter. Voyage related expenses were MUSD 0.4 [
BP to Sell Poland LPG Business to UGI
UGI Corporation said that its subsidiary, Flaga GmbH, has reached a definitive agreement to acquire the liquefied petroleum gas (LPG) distribution business of BP in Poland. BP’s Polish LPG business distributed over 150 million gallons of LPG in 2011 and serves the residential, commercial, autogas, a