The announced salvage operation of capsized Costa Concordia cruise ship is in the full swing. An American-owned specialist marine salvage and wreck removal company Titan Salvage alongside with Italian firm Micoperi have been awarded a Costa Concordia wreck removal contract in April. Together they pr
The latest additions are for a series of three firm ships plus options of B.Delta37 design as open hatch general cargo ship, which will be built at the Chinese CSC Jinling Shipyard. This will bring the number of firm B.Delta37 newbuilding orders to 21 units and the total number of newbuilding orders
The first phase of a hydrographic survey project that will develop hydrographic maps has been approved by the Executive Committee of the United Arab Emirates (UAE) Abu Dhabi Executive Council. Members of the Council, at the meeting held on October 31, concluded that the project will have a positive
California-based supermajor Chevron, today, November 2, reported third quarter 2012 earnings of $5.3 billion, a decrease of $2.5 billion compared to the $7.8 billion earned in the 3Q 2011. The oil major explained the numbers were lower than the previous year ones because of the decreased oil prices
The Scottish Government has submitted proposals to the EU that include plans for Europe’s largest marine area of nature conservation in waters west of Scotland. The designation of Hatton Bank as a Special Area of Conservation (SAC), located approximately 500 km west of Lewis, would cover an area of
Chevron Corporation reported earnings of $5.3 billion ($2.69 per share – diluted) for the third quarter 2012, compared with $7.8 billion ($3.92 per share – diluted) in the 2011 third quarter. Sales and other operating revenues in the third quarter 2012 were $56 billion, compared to $61 billion in th
A ribbon-cutting ceremony was recently held on October 29, 2012 to mark the completion of construction on the confined disposal facility (CDF) and the start of dredging at the Indiana Harbor and Ship Canal in East Chicago, Indiana. Government officials joined the U.S. Army Corp of Engineers (USACE)
Norwegian oilfield services provider Aker Solutions, on Friday, November 2, reported its operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 per cent higher than in the first nine months of 2011. Quarterly earnings before interest, tax, depreciation
Wilhelmsen Premier Marine Fuels, a leading bunker broking company, announced yesterday that it has changed its name to Wilhelmsen Marine Fuels. The name change is part of the strategic rebranding to strengthen the company’s identity. “The name change will not lead to any changes in the management of
Deep Sea Supply announced that the company has been awarded a 1 year contract with an international oil company for the AHTS vessel “Sea Eagle 1” for operations in Malaysia. The total value of the contract is approx USD 8.5 mill. The vessel commenced the operations end October. Furthermore, the AHTS
Lilaas AS has secured the breakthrough order for its innovative electronically-controlled LO1 lever range, which was officially launched at this year’s SMM exhibition in Hamburg. The company will supply its first LO1 units to US-based Marine Technologies LLC, which is delivering a BridgeMate thruste
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2011/12 of more than 33% on last year, with turnover increasing to £37.6 million from £27.6 million. The growth comes on the back of a number of significant contract wins for t
Penguin Shipyard International delivered the WORLD’S FASTEST TRIPLE-SCREW MECHANICALLY DRIVEN crewboat in October 2012, the Flex-38S, which can cruise in excess of 26 knots with 31.5 tons of deadweight. The Flex-38S is a new generation of crewboats designed specifically for speed efficiency. Penguin
Deep Sea Supply, a Norwegian owner of offshore support vessels, has secured a 1 year contract for the AHTS vessel “Sea Eagle 1” for operations in Malaysia. The shipowner did not disclose the name of the client, but only said the client was “an international oil company”. The value of the contract, w
