Mitsui & Co., Ltd., approved today the investment of A$ 1.25 billion through its 100% subsidiary Mitsui Iron Ore Development Pty. Ltd. for the expansion of iron ore export capacity at Cape Lambert (also known as Port Walcott), owned by Robe River J/V(Rio Tinto 53%, Mitsui 33%, Others 14%) in the Pil
Leading shipping organisations and the International Transport Workers’ Federation are calling on governments around the world to act as 500 merchant sailors prepare to spend Christmas as hostages of Somali pirates.
Some larger forwarders are offering below-market ocean rates for January, which could be an attempt to win new customers, according to industry sources.
Aker Solutions secured a contract with ConocoPhillips for provision of engineering and procurement for the topside on Ekofisk 2/4-Z.
Acergy and Subsea 7 have been urged to consider selling vessels because of their “dominant position” in the North Sea, says the UK’s Office of Fair Trading. Britain’s OFT has signalled that the merger of the two companies would not raise concerned relating to offshore diving or construction and remo
Drillship Belford Dolphin has arrived on location for its next well offshore Mozambique after drilling the Lagosta gas discovery. London-listed East African explorer Cove Energy reports that the drillship is now at the Tubarao well location after work on the Lagosta well was complete, where the hole
The Swedish Environmental Court of Appeal says yes to Ports of Stockholm’s application to build a new container port at Norvikudden in Nynäshamn. The Environmental Court of aÁppeal says the case has been focusing a lot on the need for a new port and if the site is the best possible, but the Court sa
The Finnish Ministry of Transport and Communications has granted a total of EUR 30 million for vessel investments improving the level of environmental protection. In addition to EUR 28 million to Viking Line Abp for a ferry newbuilding, Gaimare Ltd – a company connected to Meriaura – has been grante
Norwegian Saga Shipholding, a wholly-owned subsidiary of NYK, has placed an order at South Korean Daewoo Shipbuilding & Marine Engineering for five 55,000 DWT open-hatch carriers for delivery between October 2012 and August 2013. Saga has also signed a contract with Japanese Oshima Shipbuilding for
Seadrill has entered into a conditional agreement with BP Trinidad and Tobago LLC for a firm two year contract plus further one year option period for the newbuild semi-tender West Jaya offshore Trinidad and Tobago. Contract value for the firm period is approximately US$140 million including a mobil
ANCAP closed on December 13, 2010 an international tender for the acquisition of between 5.600 and 7.000 kilometers of 2D seismic data covering the Punta del Este and Pelotas basins as well as gravimetry and magnetometry data. Petroleum Geo-Services (Norway), CGG Veritas (France), GXT Ion (USA), Ref
Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.
Mechanical engineering group EnerMech has acquired Aberdeen Valve Supplies Ltd (AVS) in a deal believed to be worth around £1.5 million. AVS and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd supply valves, valve controls and associated equipment and services to the oil, gas and petroc
Statoil has given Aker Solutions the assignment to build and install a compressor module on the Kristin platform in the Norwegian Sea. The module will help to improve recovery from the Kristin and Tyrihans fields. The engineering, procurement, construction and installation (EPCI) contract is for top
