ABB, the leading power and automation technology group, has secured total orders worth close to US$40 million from three leading gas transportation industry players in the first quarter of 2013 to supply power and electric propulsion equipment for LNG vessels to be built in South Korea. ABB will sup
Family owned shipping firm, The Craig Group launched its latest Platform Supply Vessel (PSV), the Grampian Sceptre this week at the Balenciaga Shipyard in Northern Spain. The vessel was officially christened by Mrs Frances Murray, wife of Alistair Murray, Logistics Team Lead at Talisman Sinopec Ener
As part of its worldwide strategy, KOTUG continues to invest in modern and powerful tugs to provide high quality services with well trained, dedicated and certified crew. During the Tugnology Conference in London, Elisabeth Ltd and Cheoy Lee Shipyards officially announced the building of two new Rot
SENER took active part, once again, in COMPIT, the International Conference on Computer Applications and Information Technology in the Maritime Industries that takes place every year in Europe. This edition took place from 14 to 17 of April in the beautiful Cortona, in the Tuscany in Italy. In this
Farstad Shipping ASA, today announced delivery of ‘Far Starling’ (STX PSV08 CD) from Vard Vung Tau in Vietnam to company’s subsidiary Farstad Supply AS. A long-term facility has been drawn with Danish Ship Finance to finance the vessel. Farstad Shipping’s fleet currently consists of 58 vessels (29 A
Dae Sun Shipbuilding & Engineering of Korea has inked a contract for a pair of 51,200 dwt ECO DESIGN MR chemical tankers with Greek owner Navios for delivery in the second half of 2014. Amid shipowners’ growing pressure on operations due to oil price spikes, Dae Sun developed high efficiency vessels
German companies operating in the shipbuilding and ocean industries were largely able to defend their market position in the year under review. Despite intensified in international competition, they were able to seize opportunities in high-growth market sectors. German shipyards generated a total re
The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the n
Diana Shipping Inc., a shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has signed, through two separate wholly-owned subsidiaries, a term loan facility for up to US$30 million with The Export-Import Bank of China having a majority interest an
Aberdeen-based Dana Petroleum has laid the keel for a new $400 million oil production vessel which will produce and store up to 40,000 barrels of oil a day from the North Sea by 2015. The keel laying of the floating, storage, production and offloading vessel (FPSO) marks a major milestone for Dana’s
On Saturday 18th May, just over a year since building commenced, Ravenna-based Rosetti Marino delivered the new Platform Supply Vessel “F D UNTOUCHABLE” to Naples-based Fratelli D’Amato Spa. This is the Rosetti shipyard’s newest arrival built for the Shipping Company owned by Mr. Luigi D’Amato and i
Simek Shipyard has launched North Pomor (Yard no. 129), a platform supply vessel of Skipsteknisk ST-216 Arctic design, being built for Gulf Rederi AS and based on its very successful ST-216L CD predecessor. The vessel is designed for harsh environment operations, ice classed and winterized for cold
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$596 million contract for a newbuild ultra-high specification jack-up rig with option for an additional unit for use in the United Kingdom sector of the North Sea from Noble Corporation. Representing the most advanced and versatile of its
Blue Star Line Pty Ltd Chairman Professor Clive Palmer has announced the shipping company has engaged Tillberg Design of Sweden to provide architectural and design services for the interior of the Titanic II project. Blue Star Line has undertaken the task of building Titanic II, a replica of the ori
