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Business & Finance

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Germany: SüdWestStrom Gives Up on BARD Offshore 1 Wind Farm
Business & Finance

Germany: SüdWestStrom Gives Up on BARD Offshore 1 Wind Farm

SüdWestStrom Windpark GmbH &Co. KG is not buying the 400 MW offshore wind farm BARD Offshore 1. Delays in the completion of the wind farm and the modified risk assessment of offshore wind farms have led to a decision that the holding company SüdWestStrom Windpark GmbH &Co. KG and the project company

about 14 years ago
Norway: SinOceanic Shipping Provides Term Loan Facility for MSC Regulus
Business & Finance

Norway: SinOceanic Shipping Provides Term Loan Facility for MSC Regulus

SinOceanic Shipping ASA’s 100% subsidiary SinOceanic III AS (SinOceanic) owning the TEU 13.100 container vessel “MSC Regulus”, partly financed the vessel by a USD 100 million senior secured loan with a tenor of one year with an option for SinOceanic to extend for one year. The loan carries an intere

about 14 years ago
Army Corps Modifies Statewide Massachusetts General Permit (USA)
Business & Finance

Army Corps Modifies Statewide Massachusetts General Permit (USA)

The U.S. Army Corps of Engineers, New England District is modifying the statewide Massachusetts General Permit for minimal impact activities within waters of the U.S. in the Commonwealth of Massachusetts. The modified General Permit will continue the simplified review process for activities in Corps

about 14 years ago
InterMoor UK Operations Achieves Five-Year LTI-Free Safety Record
Business & Finance

InterMoor UK Operations Achieves Five-Year LTI-Free Safety Record

InterMoor UK Operations, part of Acteon’s foundations and moorings business, has operated for more than five years without a lost time incident (LTI). InterMoor UK Operations includes Acteon companies InterMoor Ltd, InterMoor Marine Services Ltd and ChainCo. This is an extremely significant achievem

about 14 years ago
UAE: Drydocks World, Samos Steamship Hold Discussions on Future Cooperation
Business & Finance

UAE: Drydocks World, Samos Steamship Hold Discussions on Future Cooperation

Drydocks World, one of the leading maritime service providers had extensive discussions with top management personnel of Samos Steamship, a well-established ship managing company based in Greece with a tradition in sea transportation since 1875. A high-level team led by Nicholas G. Inglessis Preside

about 14 years ago
PGS Inks 10 Year Agreement for Seismic Surveys Offshore Namibia
Business & Finance

PGS Inks 10 Year Agreement for Seismic Surveys Offshore Namibia

Petroleum Geo-Services (PGS) has signed an agreement with the National Petroleum Corporation of Namibia Limited (NAMCOR), with the full support of the Ministry of Mines and Energy, for the acquisition of both 2D and 3D MultiClient seismic offshore Namibia. Under the 10 year agreement, PGS will begin

about 14 years ago
Senator Urges Quick Rebuild of NJ Beaches (USA)
Business & Finance

Senator Urges Quick Rebuild of NJ Beaches (USA)

At the end of a day spent touring areas of Seaside Heights, Seaside Park and Hoboken affected by superstorm Sandy, U.S. Senator Robert Menendez thanked Vice-President Joseph Biden for affirming the federal government’s commitment to helping New Jersey rebuild for a better future. Senator Menendez ca

about 14 years ago
Western Baltija Shipbuilding Delivers New Fishing Trawler to Denmark
Business & Finance

Western Baltija Shipbuilding Delivers New Fishing Trawler to Denmark

Western Baltija Shipbuilding has delivered a hull of fishing trawler ROGNE to the Danish company Karstensens Skibsværft A/S on November 13th. Length of the trawler hull is 69.9 m, breadth – 14.2 m, draught – 4.9 m, speed – 16.5 knots, maximum number of crew – 12 people. This vessel is analogous to a

about 14 years ago
Senator Applauds DOJ/EPA Agreement (USA)
Business & Finance

Senator Applauds DOJ/EPA Agreement (USA)

U.S. Senator Robert Menendez applauded the U.S. Department of Justice (DOJ) and the Environmental Protection Agency (EPA) for achieving an important step forward in cleaning up the Quanta Resources Superfund site in Edgewater, N.J. A consent decree filed in federal court reflects an agreement with t

about 14 years ago
Vantage Drilling Invests in JV for Construction of New Drillship
Business & Finance

Vantage Drilling Invests in JV for Construction of New Drillship

Vantage Drilling Company (“Vantage”) announced that it has entered into a joint venture with an affiliate of Skeie Group and other investors for purposes of constructing a new, high specification drillship at STX Offshore & Shipbuilding Co. Ltd.’s yard in South Korea. Through its investment of $31 m

about 14 years ago
Vantage Drilling Invests in Drillship Joint Venture (USA)
Business & Finance

Vantage Drilling Invests in Drillship Joint Venture (USA)

Vantage Drilling Company announced yesterday that it has entered into a joint venture with an affiliate of Skeie Group and other investors for purposes of constructing a new, high specification drillship at STX Offshore & Shipbuilding Co. Ltd.’s yard in South Korea. Through its investment of $31 mil

about 14 years ago
USA: Congressman Urges Corps to Keep Mississippi River Open
Business & Finance

USA: Congressman Urges Corps to Keep Mississippi River Open

Congressman Charles W. Boustany, Jr. M.D. (R-South Louisiana) issued the following statement after joining with 60 colleagues in the House of Representatives and sending a bipartisan letter to the Army Corps of Engineers, requesting it prioritize removal of rock pinnacles feared to restrict commerci

about 14 years ago
Tenth Annual Conference on “Ports in India” Approaches
Business & Finance

Tenth Annual Conference on “Ports in India” Approaches

Indian Infrastructure magazine, with the support of Indian Maritime University, is organising its tenth annual conference on “Ports in India: Accelerating Development, Improving Efficiency’’ on January 22-23, 2013, at the ITC Maratha, Mumbai. Over the past couple of years, there has been low or no g

about 14 years ago
Mexico: Diavaz Extends Contract for DeepOcean’s Arbol Grande
Business & Finance

Mexico: Diavaz Extends Contract for DeepOcean’s Arbol Grande

DeepOcean has been awarded a 18 months extension on Arbol Grande with offshore contractor Constructora Subacuatica Diavaz, S.A. de C.V. (Diavaz), in Mexico. The new contract is valid until end 2014. Included is an option for Diavaz to declare an additional year under same contract. DeepOcean was awa

about 14 years ago
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