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Business & Finance

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Wilhelmsen Ships Service Opens Suez Liferaft Station
Business & Finance

Wilhelmsen Ships Service Opens Suez Liferaft Station

Wilhelmsen Ships Service (WSS) has opened a new liferaft service station in Suez, Egypt, which will service vessels transiting the Suez Canal and Egypt’s main ports. Russell Dinwoodie; General Manager WSS Egypt said: “With over 17,000 vessel transits per year in the Suez Canal, this new Liferaft Ser

about 14 years ago
Radius and Cyta Announce Start of POSEIDON Project Offshore Cyprus
Business & Finance

Radius and Cyta Announce Start of POSEIDON Project Offshore Cyprus

Radius Oceanic Communications, Inc. (Radius) and the Cyprus Telecommunications Authority (Cyta) announces the commencement of the POSEIDON project. POSEIDON is a high capacity undersea cable system that will provide advanced telecommunications facilities to the offshore oil and gas industry in the E

about 14 years ago
Philippines: Keppel Subic Shipyard Starts Construction of ‘Floatel Endurance’
Business & Finance

Philippines: Keppel Subic Shipyard Starts Construction of ‘Floatel Endurance’

On 25th October 2012 strike steel took place in Keppel Subic Shipyard in Philippines. This is the commencement of the construction work of Floatel International’s fourth new-building ordered at Keppel FELS, Singapore. The new building is due for delivery early 2015 and will be named Floatel Enduranc

about 14 years ago
Sweden: Vattenfall Reports Underlying Operating Profit for First 9 Months
Business & Finance

Sweden: Vattenfall Reports Underlying Operating Profit for First 9 Months

Vattenfall is reporting an underlying operating profit for the nine-month period 2012 that is nearly on par with 2011 for continuing operations – despite a challenging market. The industry is under continuous pressure from overcapacity, low prices and low margins, especially for electricity generati

about 14 years ago
Nexans to Supply Halogen Free Shipboard Cables to Fincantieri (Italy)
Business & Finance

Nexans to Supply Halogen Free Shipboard Cables to Fincantieri (Italy)

Nexans, a worldwide expert in the cable industry, has won a 6 million Euro contract to manufacture and supply shipboard cables to Fincantieri, the Italian ship builder. The cables and accessories will come from Nexans’ SHIPLINK® brand of electrical cables for , where they offer light weight, easy an

about 14 years ago
USA: EPA Extends Comment Period on New Jersey Cleanup Plan
Business & Finance

USA: EPA Extends Comment Period on New Jersey Cleanup Plan

The U.S. Environmental Protection Agency is extending by thirty days the public comment period for the plan it has proposed to clean up lead contamination at the Raritan Bay Slag Superfund Site in Old Bridge and Sayreville, New Jersey. Lead is a toxic metal that is especially dangerous to children b

about 14 years ago
USA: Bath Iron Works Seeks Corps Permit for Dredging
Business & Finance

USA: Bath Iron Works Seeks Corps Permit for Dredging

Bath Iron Works Corporation is seeking a permit from the U.S. Army Corps of Engineers, New England District to conduct work in waters of the United States in conjunction with testing ships and maintenance dredging in Bath, Maine. Bath Iron Works Corporation proposes to place gravel and stone fill ma

about 14 years ago
Palfinger Acquires Bergen Group Dreggen (Norway)
Business & Finance

Palfinger Acquires Bergen Group Dreggen (Norway)

Bergen Group Technology AS, a subsidiary of Bergen Group ASA, has today entered into an agreement to sell its crane producer Bergen Group Dreggen AS to a subsidiary of Austrian-based Palfinger AG. Palfinger AG is listed on the Vienna Stock Exchange. The transaction will generate an estimated positiv

about 14 years ago
Norway: NOCC Acquires Large and Fuel Efficient Car Carrier
Business & Finance

Norway: NOCC Acquires Large and Fuel Efficient Car Carrier

Norwegian Car Carriers ASA has signed an agreement with an undisclosed party to acquire a large and fuel efficient 6,430 CEU car carrier built at Mitsubishi Heavy Industries in 2010. The Company has received firm offers for debt financing of the vessel amounting to 70% of the purchase price. The rem

about 14 years ago
AWI Coordinates Preparations for Formation of Marine Protected Areas in Weddell Sea
Business & Finance

AWI Coordinates Preparations for Formation of Marine Protected Areas in Weddell Sea

The Alfred Wegener Institute for Polar and Marine Research takes a leading role in preparing the formation of marine protected areas in the Weddell Sea. Yesterday the German Federal Ministry for Food, Agriculture and Consumer Protection published a press release, stating that the Bremerhavener insti

about 14 years ago
Army Corps: Chico, Gerber Area Levees Don’t Meet Standards (USA)
Business & Finance

Army Corps: Chico, Gerber Area Levees Don’t Meet Standards (USA)

Inspections by the U.S. Army Corps of Engineers Sacramento District found that 33 miles of levees near Chico and Gerber do not meet Corps operation and maintenance standards. The Sacramento District conducted a periodic inspection of nine levee systems on Mud, Sycamore and Dry Creeks near Chico in D

about 14 years ago
COSCO Guangdong Hands Over New Bulk Carrier to Its European Buyer
Business & Finance

COSCO Guangdong Hands Over New Bulk Carrier to Its European Buyer

The Board of Directors of COSCO Corporation (Singapore) Limited announced yesterday that COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57.000 DWT named “OTZIAS”, to its European buyer. The delivery document

about 14 years ago
New Minesweepers to Join Russian Navy
Business & Finance

New Minesweepers to Join Russian Navy

In 2013, it is planned to kick off batch production of new countermine ships developed by Almaz Design Bureau for Russian Navy, said Vladimir Seredokho, director general of the Sredne-Nevsky Shipyard. “The lead minesweeper has been already built. In the next year we start batch production of these s

about 14 years ago
ABS Officially Opens KETC in South Korea
Business & Finance

ABS Officially Opens KETC in South Korea

Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th

about 14 years ago
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