Asia-Europe shipping lines saw rates and profits decline in the third quarter, compared with the second, but still recorded yields of US$1.7 billion. According to the latest Box Trade Intelligence (BTI) report, Asia-Europe carriers saw revenue sink to $1,535 per teu in Q3, compared with $1,702 per t
US shippers and forwarders have expressed “profound disappointment” in a government investigation into shipping lines’ poor service levels on the transpacific trades. The National Industrial Transportation League (NITL) said a Federal Maritime Commission (FMC) announcement seemed to suggest service
Wärtsilä, the marine industry’s leading solutions provider, has joined the Sustainable Shipping Initiative (SSI), a programme initiated by Forum for the Future. The initiative brings together the industry’s leading organizations to show what can – and must – be done for shipping to contribute to, an
Petrobras announces the start up of the Extended Well Test (EWT) for the Carimbé reservoir, in the Campos Basin. Discovered last May, the reservoir is located 108 kilometers off the coast of Rio de Janeiro. This test, which is being carried out with well 6-CRT-43-RJS, marks the beginning of pre-salt
A 25-metre aluminium dive support vessel, designed by the Federal University of Rio de Janeiro, has recently been unveiled. The vessel has… [mappress] Source: Bairdmaritime, December 15, 2010;
The Montgomery County Council approved a resolution Tuesday that supports the state’s potential use of offshore wind power as a source of… (gazette) [mappress] Source: gazette, December 15, 2010
Britain’s BG Group has reported a gas find with its first deepwater well drilled offshore China. Drilling south of Hainan Island in the Qiongdongnan Basin in the South China Sea, BG said it has hit gas-bearing sands in block 64/11 with the Lingshui 22-1-1 well.
Ghana’s giant Jubilee field has started pumping oil. First oil from the field flowed on 28 November and was used to commission the newly completed FPSO at the field, the Kwame Nkrumah, and output is due to be increased from 55,000 up to 120,000 b/d of oil over the next few months.
Rolls-Royce has received new contracts valued at more than US$110 million (€82.4 million) for energy projects in Europe, Africa, India and the Middle East. As part of these contracts, Rolls-Royce will deliver both power generation and pipeline transmission products and services.
Adem Simsek voted new chairman of I.S.R.A Adem Simsek has been appointed as the new chairman of the International Ship Recycling Association (ISRA) during the association’s 5th General Meeting on December 13 in Hong Kong. Mr Simsek, managing director of Simsekler Ship Recycling Ltd. Co., Turkey, suc
The State of Maine has been talking about developing offshore wind power for the past three or four years — but will it really happen? And… By Don Carrigan (wcsh6) [mappress] Source: wcsh6, December 15, 2010
In connection with a routine inspection of the Kristin platform(photo) in the Norwegian Sea at the end of last week, a high temperature was discovered on the outside of an exhaust duct on one of the gas turbines. The temperature was higher than considered acceptable and a decision was taken to stop
Compact SmartSense Pulse system monitors temperature and vibration Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, announced the expansion of its SmartSense™ intelligent pump monitoring line to include the new SmartSense Pulse. Measuring only 2.
DIARY DATE Event: World Maritime Technology Conference (WMTC 2012) Theme: Uniting Ideas for a Global Future Dates: 29 May – 1 June 2012 Venue: Lenexpo, Saint Petersburg, Russia Organisers: NTOS (Science & Technology Society of Shipbuilders of the Russian Federation – named after A.N. Krylov) and Ree
