News
Svitzer Starts Building Moroccan Fleet
Svitzer, part of the Maersk Group, has ordered four ASD tugs from Sanmar Shipyards to service the recently awarded TMSA, Tanger Med 2 Port contract in the Kingdom of Morocco. As reported earlier, Svitzer won a 20-year concession to provide terminal towage services to the Tanger Med 2. The contract h
P-66 FPSO Begins Production in Brazil’s Santos Basin
Royal Dutch Shell informed that the deep-water production has started at the FPSO P-66, located in the Brazilian pre-salt Santos Basin. Positioned in 2,150-meter water depth, the P-66 can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas per day. The unit is the first in
Sevan Marine cuts quarterly loss. Expects this year to ‘remain challenging’
Sevan Marine, a Norwegian provider of cylinder platform design, narrowed its net loss during the first quarter of 2017 despite decrease in revenues. The company on Tuesday posted a net loss of NOK 14.4 million for the first quarter 2017 compared to NOK 96.6 million in the prior-year quarter. Operati
Jinhui Cuts Loss as Dry Bulk Freight Rates Rise
Hong Kong-based dry bulk specialist Jinhui Shipping and Transportation Limited recorded a net loss of USD 7.97 million in the first quarter of 2017 as compared to a net loss of USD 18.5 million in the first quarter of 2016, as time charter equivalent rates more than doubled and the company’s shippin
Funds selling 40 mln Kosmos Energy shares
Kosmos Energy said the funds affiliated with The Blackstone Group and Warburg Pincus are selling a total of 40 million Kosmos’ shares through a public offering.
First Stage of Beatrice Export Cable Installation Starts
Beatrice Offshore Windfarm Limited (BOWL) has started the first stage of export cable works for the Beatrice offshore wind farm at Portgordon near Buckie, as it plans to install the export cables beneath Portgordon Beach.
Spotted: First NYC Ferry Christened in the Big Apple
In today’s spotted we present you the first ferry in NYC Ferry’s fleet which was recently christened in New York. The vessel was christened Lunch Box, following a naming competition held amongst New York school students. Lunch Box is the first vessel in a fleet of catamaran ferries commissioned by H
Bergen Group buys compatriot MMO provider
Norwegian supplier of products, services and solutions to the oil & gas and maritime industry Bergen Group has entered into an agreement to purchase its compatriot AAK Energy Services. AAK Energy Services, which is a provider of access technology related to maintenance and modification (MMO) work, c
Former Louisiana State Official Takes Helm at BSEE
Former Louisiana state official Scott A. Angelle has been selected to head-up the Bureau of Safety and Environmental Enforcement (BSEE). Angelle, who most recently served as vice chairman of the Louisiana Public Service Commission, will assume his new position on May 23, 2017. “Scott Angelle brings
Proserv scoops $11 million worth of Middle East contracts
Energy services company Proserv has been awarded contracts worth a combined value of more than $11 million for its production control new-build and after-market services in the Middle East. Proserv said on Tuesday it would be engineering and manufacturing wellhead control panels, hydraulic power uni
OPT faces investigation
An investigation on behalf of investors in the US-based wave energy developer Ocean Power Technologies over the potential wrongdoings within the company has been launched.
Proserv Nets New Middle East Deals
Proserv has secured a series of contracts worth a combined value of more than $11 million for its production control new-build and after-market services in the Middle East. In the UAE, Proserv will be engineering and manufacturing wellhead control panels, hydraulic power units and chemical injection
MOL to build LNG-fueled tugboat
Japan’s Mitsui O.S.K. Lines (MOL) made a decision to build what company claims to be Japan’s first LNG-fueled tugboat.
Sand Key Owners Urged to Provide Easements for Beach Nourishment
Time is running out for property owners to provide easements in the affected areas of the Pinellas County Shore Protection Project Sand Key Segment. According to the U.S. Army Corps of Engineers, Jacksonville District, owners in the affected areas and individual parcels have until June 2 to provide