The Maritime and Coastguard Agency (MCA) has been outlining its support for the shipping industry, which is estimated to be worth £5 billion to the UK economy. Sir Alan Massey, Chief Executive of the MCA, has been setting out how the Agency is striving to become the best maritime safety organisation
On 21 September 2012, Eurogate, a leading container-terminal group, inaugurated the first deep-draught container terminal in Germany, the Eurogate Container Terminal Wilhelmshaven, on Germany’s North Sea coast. The port has a natural water depth in excess of 18 metres, enabling even the world’s larg
The naming and delivery ceremony of M/V “SITC FANGCHENG” was successfully held, October 25, in Zhoushan, China, by SITC International Holdings Co., Ltd. (SITC Holdings) and Yangfan Group Co., Ltd. (Yangfan Group). On behalf of both parties, Mr. Xiao Senyuan, President of SITC Shipowning Group Co., L
When Glitne came on stream in 2001, the intention was for it to produce for 26 months. Twelve years later its final drops of oil are being extracted and it has now been decided to close the field. Glitne is the story of how important various measures are for extending the lifetime of a field [&helli
Last month Hydrex diver/technician teams carried out underwater stern tube seal repairs on a 242-meter container vessel close to the company’s headquarters in Antwerp. The vessel was suffering from an oil leak, making a fast repair necessary. Using one of the company’s flexible mobdocks the team was
Maritime industry leaders from Oman will head to Seatrade Middle East Maritime (SMEM) 2012 next month as the country’s key northern port of Sohar confidently moves ahead with its ambitious expansion plans. With investments exceeding $14bn and one of the largest port development projects in the world
Bibby Remote Intervention Limited (BRIL) has announced the recent appointments of Lloyd Duncan as Senior Inspection Repair and Maintenance (IRM) Consultant and Andy Inglis to the role of Inspection Manager. BRIL is the latest division of Aberdeen-based subsea installation contractor Bibby Offshore a
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounte
Cathelco are supplying corrosion protection systems for a series of offshore platform foundations which are being constructed for Lukoil to extract oil and gas in the Caspian Sea. The impressed current cathodic protection (ICCP) systems have been designed to operate in the rigorous conditions of the
Mr Geoff Loudon, Chairman of Nautilus Minerals Inc. (the “Company” or “Nautilus”) announced that Mr Mike Johnston, Nautilus’ Vice President for Strategic Development and Exploration has accepted the position of interim President and CEO, effective immediately. After more than four years as President
Cameron reported net income of $223.6 million for the third quarter ended September 30, 2012, or $0.90 per diluted share. Earnings per share increased over 34 percent compared to the third quarter 2011 earnings of $0.67 per fully diluted share. Charges for the third quarter of 2012 were $3.4 million
Further to its announcement on 30 October 2012, Neptune has now received a bidder’s statement from Blossomvale Investments Pte. Ltd. (Blossomvale), a wholly owned subsidiary of MTQ Corporation Limited (MTQ), containing its offer to acquire all the shares of Neptune it does not own, at a cash price o
A report co-authored by Brattle principal David Sunding analyzing the costs and benefits associated with the Superfund cleanup of Oregon’s Portland Harbor reveals that the cleanup could result in high costs and minimal health benefits. The study, commissioned by Portland industries Schnitzer Steel,
On the second day of the Offshore Energy Exhibition and Conference held in Amsterdam RAI, one of our reporters made an exclusive interview with the project and sales director of MMT SE Mr. Nils Ingvarson. Hereby we are bringing you a part of their conversation. – What do your activities in the subse
