SMIT and British Petroleum (BP) have reached a settlement agreement with regard to the salvage services rendered to the semi-submersible rig “Thunderhorse” in the Gulf of Mexico, following evacuation in anticipation of the approach of hurricane “Dennis” in July 2005. The positive impact of this sett
The Japan Bank for International Cooperation signed an untied loan agreement totaling up to $357 million to finance South Africa’s project to expand the Port of Durban. The loan agreement was signed on March 26 between JBIC and Transnet, South Africa’s wholly state-owned freight rail, ports and pipe
Pirates have seized two European-owned tankers off the coast of Somalia in the past day, officials have said. The Greek-owned vessel Nipayia, with 19 crew on board, was seized on Wednesday, the Nato Shipping Centre said. The Norwegian-owned tanker Bow Asir was captured by pirates on Thursday. It had
New Yorkers are worried about a proposal to create a man-made island off the Rockaway shore to store and process liquified natural gas. The island would be at least 60 acres at the surface and more than 110 acres at the ocean floor, according to the Atlantic Sea Island Group. It would use fill from
The oil transit pipeline connecting Bulgaria’s port of Burgas and Greece’s Alexandroupolis should be completed at the end of 2012. This new deadline was set Tuesday by representatives of the Russian company Transneft who met with the Bulgarian Prime Minister Stanishev, and the Regional Development M
Skanska has concluded an agreement with the City of Malmö to construct a major port facility in Norra Hamnen (North Harbor) in Malmö for the Copenhagen Malmö Port AB (CMP) port company. The contract amounts to SEK 840 M, which is included in order bookings for the first quarter of 2009. The project
State-run Dredging Corporation of India Ltd (DCI) has reportedly attracted only one bid in response to a tender it floated last year to buy three 5,000m3 trailing suction hopper dredgers. Livemint.com said DCI currently has a fleet of 12 dredgers with a capacity to dredge 80 million cubic metres a y
Royal Haskoning has announced that it is working on the EKO Atlantic City seaward reclamation project in Lagos and the recovery of the seriously eroded coastline in the vinicity. This enormous land reclamation project (800 hecatres) will provide accommodation for up to 400,000 residents and 200,000
The search for the body of a British yachtsman allegedly murdered by pirates is continuing off Thailand. An earlier report that the body of Malcolm Robertson, 64, from East Sussex had been found has been discounted by the Foreign and Commonwealth Office. It is thought he was beaten and had his throa
A Devon-based frigate has returned to port after a six-month deployment. HMS Northumberland was carrying out humanitarian duties and was on counter-piracy mission Operation Atalanta as part of a European Union naval force. While at sea, the 4,800-tonne, Type 23 frigate escorted ships along a 1,500-m
Technicold by Northern Lights is actively seeking to add authorized marine air conditioning and refrigeration sales and service dealers across the globe. Founded as Rich Beers Marine, Inc. in Fort Lauderdale, Fla. in 1981, Technicold by Northern Lights is dedicated to producing the highest quality m
Noordhoek Offshore B.V. is proud to announce the order of 2 new Sub-Atlantic Mohican ROVs and 3 new Seaeye Falcon ROVs. The decision to order new ROVs is another step within the growth strategy of Noordhoek, which already has 2 new vessels under construction; a DPII Saturation Diving Support Vessel
Police investigating the murder of a British yachtsman who was attacked and thrown into the sea off Thailand’s southern coast after trying to stop the theft of a dinghy from his boat have arrested three Burmese fishermen. Malcolm Robertson and his wife, Linda, were aboard their yacht, the Mr Bean, n
Dubai: Dredging company, Van Oord has had to relocate the majority of its Dubai-based employees to projects in other parts of the world due to the severe delays and cancellations of Dubai’s water development projects. The company made a 190 million euro net profit in 2008 and is involved in projects
