Gov. Nathan Deal announced that as part of his FY2014 budget proposal, he will seek an additional $50 million in funding for the Savannah Harbor Expansion Project at the Georgia Ports Authority Board meeting. “I am committed to allocating funds and time to this pivotal link in our logistics network,
Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of Autonomous Underwater Vehicles (AUVs), announced that it has broken ground and begun construction on its new, state-of-the-art manufacturing and applied research facility in Pocasset, MA. “Outgrowing our old space gave
ABS, the leading provider of classification services to the global marine and offshore industries, signed a strategic cooperation agreement with CSBC Corp., Taiwan (CSBC) on 16 October 2012. Through this agreement, ABS agrees to support CSBC in vessel and offshore asset construction. The agreement c
Seanergy Maritime Holdings announced yesterday that it has entered into a Share Purchase Agreement to sell the 100% ownership interest in Bulk Energy Transport (Holdings) Limited (“BET”) for a nominal cash consideration. The Buyer, I.M.I. Holdings Corp., is an affiliate controlled by members of the
Local authorities in the municipality of Colta, Ecuador recently purchased an IMS Model 5012 LP Versi-Dredge with 12 in. (305mm) discharge, newly-developed patent pending Razor Tooth WeedmasterTM Cutterhead aquatic plant harvester and interchangeable horizontal cutterhead. The dredge was delivered i
The launch of the first three tug boats built at Erhama Bin Jaber Al Jalahma Shipyard, Qatar for Milaha and Qatar Petroleum ‘s Port of Mesaieed was celebrated today, Nov. 19th, with a naming ceremony at shipbuilder Nakilat Damen Shipyards Qatar (NDSQ). The three 18m-long tug boats are the first of a
In the meeting of 16 November 2012 the Supervisory Board of Fugro N.V. has decided to the following changes in Fugro’s top management. The Supervisory Board and Arnold Steenbakker have jointly agreed that Steenbakker will step down as Chairman of the Board of Management of Fugro N.V. and will leave
Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia. The Crown-1 well is located approximately 500 kilometres north of Broome, approximately 60 kilometres west of the Ichthys field and 20 kilometres ea
DW forecast that approximately $77bn will be spent on subsea vessel operations in field development, inspection, repair & maintenance (IRM) and subsea well intervention between 2012 and 2016. This is an increase of 63% over the preceding five-year period. Global vessel demand for these markets is ex
After a one-year detailed consideration, a confirmation has been given for EUR 500 million to serve for financing Windreich AG’s MEG 1 project. The Deutsch Bank will team up with other banks to approve additional investments of over EUR 1 billion, therefore, just EUR 100 million will be needed for p
Cryonorm Systems receives order to install the LNG fuel system on two gas carriers for Anthony Veder. The order consists of a turn key LNG fuel system for two gas tankers. Cryonorm Systems will engineer, produce and supervise the installation of the LNG system. Anthony Veder and Cryonorm Systems rea
Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by t
Vigor Marine L.L.C., Shipbuilding, Portland, Ore., is being awarded a $34,848,589 firm-fixed-price contract for the detail design, construction, installation and systems verification for the mobile landing platform core capabilities set enabling the transfer vehicles and equipment at-sea from a lega
LS Cable & System (Chairman & CEO Christopher Koo) announced that the Letter of Award (LOA) has been received for the contract of submarine power cable project worth over $440 million (about KRW50 million) ordered by Qatar Petroleum. This project is to install two 100km-long circuits i.e. 200km of 1
