Samsung Heavy Industries and Hanjin Shipping sign joint research agreement for application of VPS. System to be applied to 4,600 TEU-class container ships, reducing fuel consumption by up to 15%. Combining green technology and an advanced navigation system as a breakthrough to overcome the economic
Statoil has received renewed consent to use the pipeline between Heimdal and Grane. The background for the application is a change in how the pipeline is used. The pipeline between the Heimdal and Grane facilities was originally constructed for gas injection purposes. Statoil wants to have the optio
STX Europe AS on 31 December 2012 completed the sale of all of the shares in its wholly owned subsidiaries STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS. The order backlog of STX Norway Florø AS was NOK 59 million (approx. USD 10.6 million) at the end of Q3 […]
Tybee Island is pushing for another round of beach renourishment funding in the next legislative session. The US Army Corps of Engineers pays for 70% of the cost of replenishing the sand at the summer tourism destination. The federal government picks up the lion’s share of the cost. That’s because s
Cotemar Group has confirmed that Safe Britannia, Safe Lancia and Jasminia have had their current contracts extended until mid to late February 2013. Prosafe is an owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operat
Polarcus has successfully completed the aforementioned negotiations with the Turkish Petroleum Corporation (“TPAO”) and agreed final agreements for the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, fast-tra
A total of 16 incidents were reported in November 2012. Compared to November 2011 and November 2010, there has been an increase in the number of actual incidents reported in November 2012. Of the 16 actual incidents reported during November 2012, two were Category 1 (very significant) incidents, fou
The Panama Canal celebrates 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings. “The Panama Canal
French power utility EDF EN and French maritime defense specialist DCNS, are deploying the current generation CETO 4 unit on La Réunion Island in the Indian Ocean. The Réunion Island Project is funded by EDF EN and both the French and La Réunion Governments. The manufacture and installation of the u
The U.S. Army Corps of Engineers, St. Paul District, intends to issue an Invitation for Bid (IFB) for restoration and stabilization of a side channel/island complex located on the Wisconsin side of the Mississippi River navigation channel in Pool 9, 5 miles downstream of Lansing, IA. The project sit
Incat Crowther announced a contract to design a pair of 20m Monohull Crewboats for C and I Leasing of Nigeria. Under construction at Veecraft Marine in South Africa, the vessels continue the designer-builder-operator partnership that yielded success with Deborah, Perez and Ahuva in 2011. Based on th
Sri Lanka Ports Authority (SLPA ) commenced duties in the new year on 1st January 2013 at a ceremony with Buddhist religious activities held at its Chaithya Premises. Parallel to the event other religious activities were also conducted at Catholic, Muslim and Hindu religious premises at SLPA. At a t
Colombo Dockyard was the best repair option for China Harbour Engineering Co. Ltd. China owned trailer suction Dredger Jun Hai 2 (GRT 10,751) was due for her dry docking and survey repairs. This dredger Jun Hai 2 was deployed in the Colombo South port development project in Colombo. Colombo Dockyard
SeaBird Exploration Plc has chartered the 3D vessel “Geo Pacific” from Fugro, through a subsidiary of Ordinat Shipping AS on a 4 month time charter that is intended to be converted into a 3 year bareboat with four one-year options to extend the contract. Ordinat Shipping AS is the largest shareholde
